Oil Gas Fishing Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00130288
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
Home Energy & Power oil gas fishing market....
  • Single User $3500
  • Multi User $4500
  • Enterprise User $5500
Report Description Table Of Content Research Methodology Download Free Sample

Market Snapshot

CAGR:8.64
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.64
Energy & Power-companies
Energy & Power-Snapshot

Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries

Download Sample Pdf
Download Sample Pdf

Report Overview

Oil & Gas Fishing Market Analysis By Application (Onshore, Offshore), By Type (Wireline Fishing, Thru Tubing Fishing, Milling, Washover, Others), and By Region Forecast to 2032:

The Oil & Gas Fishing Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the global demand for energy, exploration and production activities, and advancements in fishing tool technology used in the oil and gas industry. Oil & Gas Fishing refers to a set of specialized techniques and tools used for well intervention and remedial operations in the oil and gas sector.

Oil & Gas Fishing Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Oil & Gas Fishing Market is the continuous need for well maintenance and restoration. As oil and gas wells age, they often encounter issues such as stuck pipe, debris, and downhole equipment failures. Oil & Gas Fishing operations are essential to retrieve lost or damaged equipment, ensuring uninterrupted production.

Furthermore, the expansion of offshore drilling activities contributes significantly to market growth. Offshore oil and gas exploration and production require specialized fishing tools and services to address complex downhole challenges, including wellbore obstructions and equipment recovery.

Trends:

An emerging trend in the Oil & Gas Fishing Market is the utilization of advanced robotics and automation. Robotic fishing tools and remotely operated vehicles (ROVs) are being employed to enhance fishing operations in deepwater and challenging environments. Automation reduces human intervention, enhances safety, and improves operational efficiency.

Additionally, the adoption of data analytics and real-time monitoring is positively impacting market growth. Integrated sensors and data analytics platforms help operators make informed decisions during fishing operations by providing insights into downhole conditions and tool performance.

Restraints:

One of the key challenges hindering the growth of the Oil & Gas Fishing Market is the volatility in oil prices. The market's performance is closely tied to oil and gas prices, and fluctuations can impact drilling activity and investment in fishing services. Market players must navigate these price uncertainties.

Moreover, stringent environmental regulations and concerns related to well integrity are potential restraints for the market. Addressing environmental and safety regulations while conducting fishing operations requires adherence to best practices and the use of eco-friendly technologies.

Oil & Gas Fishing Market Segmentation By Application:

  • Onshore: Onshore drilling and production activities require fishing services to address wellbore issues and equipment retrieval.
  • Offshore: Offshore operations, including deepwater drilling, rely heavily on specialized fishing tools and services for downhole interventions.

Oil & Gas Fishing Market Segmentation By Type:

  • Wireline Fishing: Wireline fishing involves the use of wirelines to engage and retrieve objects from the wellbore.
  • Thru Tubing Fishing: Thru tubing fishing tools are designed to access and retrieve objects through the production tubing.
  • Milling: Milling operations use downhole milling tools to remove obstacles and obstructions in the wellbore.
  • Washover: Washover operations utilize specialized tools to remove debris, cement, or obstructions from the wellbore.

Regional Overview:


Download the report summary now!

Request pdf Sample

  • North America remains a key region in the Oil & Gas Fishing Market due to the presence of established oil and gas reserves, particularly in the United States and Canada.
  • Europe sees growth opportunities in the North Sea region, where offshore drilling activities are prominent.
  • Asia-Pacific is experiencing increased offshore exploration activities, particularly in countries like China and Australia.

Oil & Gas Fishing Market Customer Landscape:

The Oil & Gas Fishing Market serves oil and gas operators, drilling contractors, and service companies. Understanding the specific challenges and technical requirements of these customers is essential for providing effective fishing solutions.

Major Oil & Gas Fishing Market Companies:

Companies in the oil and gas fishing market focus on innovation and technology development to provide cutting-edge fishing tools and services.

Example companies include:

  • Schlumberger Limited: Schlumberger offers a range of fishing tools and services, including wireline fishing, thru tubing solutions, and wellbore intervention.
  • Halliburton: Halliburton provides well intervention and fishing services to address downhole challenges in oil and gas wells.
  • Baker Hughes: Baker Hughes offers fishing and intervention services, including milling and wellbore cleanup operations.
  • Weatherford International: Weatherford specializes in wellbore intervention tools and services, including wireline fishing and thru tubing solutions.

The competitive landscape analysis in the report provides insights into key market players, including:

  • Schlumberger Limited
  • Halliburton
  • Baker Hughes
  • Weatherford International
  • National Oilwell Varco
  • Superior Energy Services
  • Welltec
  • Expro Group
  • Oceaneering International
  • Fishing Tool Rentals

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their product offerings, market presence, and customer base.

Segment Overview:

The Oil & Gas Fishing Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Onshore
    • Offshore
  • Type Outlook (USD Million, 2019 - 2032):
    • Wireline Fishing
    • Thru Tubing Fishing
    • Milling
    • Washover
    • Others
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Middle East & Africa
      • United Arab Emirates
      • Saudi Arabia
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

TABLE OF CONTENTS: GLOBAL OIL & GAS FISHING MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. OIL & GAS FISHING MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Oil & Gas Fishing Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. OIL & GAS FISHING MARKET BY Product INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Overshoots & Spears

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Milling Tools

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4. Fishing Jars and Casing Cutters

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. OIL & GAS FISHING MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Offshore

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Onshore

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. OIL & GAS FISHING MARKET REGIONAL OUTLOOK

7.1. Oil & Gas Fishing Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Oil & Gas Fishing Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Oil & Gas Fishing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Oil & Gas Fishing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Oil & Gas Fishing Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Oil & Gas Fishing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. Archer Ltd. (Bermuda)

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Ardyne Technologies (UK)

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Baker Hughes Co. (US)

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. China Oilfield Services Ltd. (Beijing)

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. Expro Holdings UK 2 Ltd. (UK)

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Halliburton Co. (US)

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. National Oilwell Varco, Inc. (US)

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Odfjell Drilling Ltd. (Norway)

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. Weatherford International Plc (US)

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Wellbore Integrity Solutions LLC (US)

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

You can also purchase parts of this report. Do you want to check out a section wise price list?
Request for Special Pricing

Personalized Business Report Tailored to Your Requirements

  • Our expert analysts collaborate directly with you to comprehend your specific needs.
  • Get data on regions, segments, competitors, and vendors of your choice.
  • Information is presented in alignment with your exact preferences and formatting.
Request for customization
Report Snapshot
Free Sample Report

"Find new revenue generation opportunities"