Global Oil & Gas Fishing Market - Market Analysis by Geography, Services, Product Type of Deployment (Onshore and Offshore), Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Energy and Power | No. of Pages - 125 | Published By - Mordor Intelligence

Report Highlights

When drilling, sometimes a drill bit breaks and falls into well bore or a pipe or tool can fall from rig floor into the bottom of the well. This stray equipment that has fallen into the well bore is called fish. The process of retrieving this fish is called fishing. Removing immovable objects obstructing well bore also comes under fishing activity. Maximum fishing activity occurs during drilling stage.

Oil & Gas Fishing is a highly customized and complex operation so, one size fits all approach is not possible. Depending on circumstances and conditions a fish may be recovered intact or destroyed into small pieces.Fishing tools can be differentiated as fishing jars, overshot and spears, casing cutters and milling tools. Milling tools and Casing cutters are destructive fishing tools, while others are classified as non-destructive.  

Increase in Oil & Gas demand, investments, exploration and production activities along with rapid globalization is driving the Oil & Gas fishing activities. On flipside, lack of skilled operators and production halt during fishingare strangling the market. Like in other Oil & Gas related sectors North America is leading global fishing market with USA being the dominant player because of significant E&P activities. Asia Pacific and Europe also have a key market share in global Oil & Gas Fishing market.

This report comprehensively analyzes the Oil & Gas Fishing market by segmenting it based on geography, product type and end user location (onshore and offshore). Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.  
 

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