Global Well Intervention Services Category - Procurement Market Intelligence Report

This procurement report offers key insights on the best practices for supplier selection and the strategies for category management.

  • Published: Sep 2017
  • Pages: 83
  • SKU: IRCMSTR14527
See more Utilities reports

Want to know more about this procurement report?

You can get a FREE sample of any report on our site.

What’s in a sample report?
  • $ 2500
  • $ 1500

Choose your licensing options

Single User + 0
Five User + $ 250
Enterprise + $ 500
Global + $ 3500

Key Features of Report

 

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Well Intervention Services - Category Spend Analysis

 

According to procurement analysts at SpendEdge, the rise in energy requirements globally is a key growth driver for the global well intervention services market. Energy requirements are rising more rapidly in developing countries such as India and China, where both the population and living standards are increasing rapidly.

Oil and gas are currently the key sources of energy in large economies around the globe. The rise in energy requirements is directly impacting the demand for oil and gas, which, in turn, is necessitating the enhanced management of oil extraction from the existing reserves to increase the efficiency of oil extraction. The need for high efficiency in existing reserves is positively impacting the well intervention services market.

Well Intervention Services - Procurement Best Practices

 

Buyers in the market need to engage with service providers who can provide integrated well intervention services. Suppliers need to integrate services such as drilling, evaluation, completions, production, intervention, and abandonment services to improve their service quality and ensure continued engagement with their buyers. Procuring multiple services from a single source not only saves costs to the buyer in terms of contract management but also helps them achieve targets in terms of the quality of oil produced within the agreed timeline.

Well Intervention Services - Procurement Challenges

 

One of the biggest procurement challenges that is hindering the well intervention services market is the lack of assistance in sand management. Sand management in crucial to maintain oil production at an optimum level, reduce costs in the long term, and minimize erosion in the well. Buyers often downplay the importance of value-added services such as sand management and engage with suppliers who possess relevant core expertise. Buyers need to focus on engaging with service providers capable of providing sand management consultancy to mitigate this challenge.

PART 1: CATEGORY AT A GLANCE

  • TAKEAWAY 01 | Market Overview
  • TAKEAWAY 02 | Demand and Supply Snapshot
  • TAKEAWAY 03 | Key Market Dynamics
  • TAKEAWAY 04 | Supply Market Highlights
  • TAKEAWAY 05 | Pricing Insights
  • TAKEAWAY 06 | Procurement Insights

PART 2:  SCOPE OF THE REPORT

  • Category Definition
  • Research Methodology

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Category Maturity by Regions
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Other Prominent Suppliers by Region: Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Other Prominent Suppliers by Region: Functional Capability Matrix
  • Key Clients/Partners
  • Supplier Cost Breakup
  • Supplier Positioning Matrix

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Models – Pros and Cons
  • Indicative Pricing

PART 6: PROCUREMENT INSIGHTS

  • Major Category Requirements
  • Major Procurement Pain Points
  • Category Sourcing Evolution Matrix
  • Procurement Best Practices
  • Cost-saving Opportunities
  • Supplier Selection Criteria
  • Category Negotiation Strategies
  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis

PART 7: TOP FIVE SUPPLIERS

  • Halliburton
  • Baker Hughes
  • Schlumberger
  • Superior Energy Services
  • Hunting

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

SpendEdge INSIGHTS

Do you purchase multiple reports in a year? Explore our excititng subscription packages.

GET A FREE QUOTE