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Revenue shifts of your clients: Major investments in exploration & production activities in North America are focusing on the development of unconventional resources. This in turn is driving demand for oil & gas services in directional/horizontal wells. Thus, the operators in the North America region are shifting their focus for maintaining Well Integrity, thus driving demand in the Stimulation and Tubing/Packer Failure & Repair Well Intervention Services Segments.
Unknown: Shale development potential in Texas, Illinois, Alberta, and maturing reserves in California increases the complexity of operations such as multi-stage cement jobs, remedial cementing, zonal isolation, etc. This is providing lucrative opportunities to well intervention solution providers.
Interconnections: MNM estimates that revenues streams of companies providing well intervention services in the oil & gas industry are impacted by Offshore Drilling, Well Casing & Cementing, Coiled Tubing, Hydraulic Workover Unit, Offshore Decommissioning, Floating Power Plant, Offshore Support Vessel, Offshore Wind, Asset Management and Predictive Maintenance, etc which will create an additional revenue source for the client.
Revenue Impact Created: MNM helped the client with insights on key oil & gas trends, market dynamics, and the competitive scenario within the North American Well Intervention Market. This is expected to have a potential revenue impact of USD 250 million for our client.