Well Abandonment Services Market - Top Companies and Manufacturers

  • Report ID: 5568
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Companies Dominating the Well Abandonment Services Market

    • A&T Well and Pump
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • A Plus Well Service Inc.
    • Acona AS
    • AGR Holdco Ltd.
    • BiSN Oil Tools Ltd.
    • Calfrac Well Services Ltd.
    • Coretrax Ltd.
    • Dan Wood Co.
    • Expro Group Holdings NV
    • Halliburton Co.
    • Weatherford International

Browse Key Market Insights with Data Illustration:

In the News

 

  • December 6, 2023: BiSN Oil Tools Ltd., a leading provider of long-time downhole sealing solutions, has launched a new manufacturing faculty in Perth, Western Australia to better assist operators in the region. The faculty will drastically raise the operational potential for BiSN in the Asia-Pacific region, developing multiple local jobs. Situated in Perth, the new faculty shows a significant investment in infrastructure and talent. BiSN’s growth in Australia is pushed by the increasing requirement for Wel-lok™ technology in the region, which gives affordable, trustworthy, and eco-friendly sealing solutions for the oil and gas industry.
  • June 7, 2023: BiSN Oil Tools Ltd. has fulfilled the first stage of a multi-year project in the North Sea in support of a major oil and gas operator. To accomplish this, BiSN implemented its proprietary Wel-lok alloy barrier technology to securely and effectively plug and abandon six oil and gas wells in the North Sea. As an outcome of this three-year deal award, which characteristics two one-year expansions, BiSN delivered this operator with Wel-lok alloy plugs for its continuing offshore UK P&A project in the North Sea. To give long-term well-barriers and gas-tight seals in single and numerous annuli contexts, BiSN utilized its patented Wel-lok Seal Through Casing (STC) gadget.

Author Credits:  Dhruv Bhatia


  • Report ID: 5568
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of well abandonment services is estimated at USD 1.74 billion.

Well Abandonment Services Market size was valued at USD 1.67 billion in 2024 and is set to cross USD 3.39 billion by the end of 2037, expanding at more than 5.6% CAGR during the forecast period i.e., between 2025-2037. The increasing number of abandoned wells across the world will drive the market growth.

North America industry is predicted to account for largest revenue share of 47% by 2037, owing to increasing number of abandoned wells in the region.

The major players in the market are A&T Well and Pump, A Plus Well Service Inc., Acona AS, AGR Holdco Ltd., BiSN Oil Tools Ltd., Calfrac Well Services Ltd., Coretrax Ltd., Dan Wood Co., Expro Group Holdings NV, Halliburton Co., Weatherford International, Japan Oil Development Co., Ltd., Japan Petroleum Exploration Co., Ltd., Air Liquide Japan G.K., Inpex Corporation.
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