| | JULY 20236EDITOR'S DESKThe global market development for well intervention has been significantly influenced by the increasing demand for energy and the discovery of new oilfield reserves. Well intervention is required to prolong the life of a well and maintain its productivity and is designed to enhance its safety, productivity, and efficacy. It involves operations like removing obstructions, well productivity, and gaining access to inaccessible areas of the well. Well intervention improves the precision of yielding more reliable and accurate results. The global market for well intervention is projected to reach $15.3 billion by 2030, expanding at a CAGR of 5.8 percent by 2030. The demand for oil and gas from various operations in end-uses such as transportation, manufacturing, and power generation drives the growth of the global well intervention market. Automation is becoming more prevalent in the oil and gas industry because it can reduce costs and streamline processes. Virtual reality and augmented reality technology are used to create virtual simulations of well interventions, facilitating the identification of potential risks and enhancing safety. It enables operators to readily review well data, improving decision-making and decreasing downtime.This edition of Energy Business Review brings the latest developments in the well intervention insights into how companies align with these trends and adopt new ways for enhanced well intervention techniques.It features thought leadership articles from Ryan Cross, Vice President of Engineering at Electric Power Systems, and Justin Tait, Head of Sustainability in Europe at Enviva. They shed light on the need for companies to actively contribute to establishing a sustainable future and integrating renewable energy resources. In this edition of Energy Business Review, we also bring you the story of some of the prominent well intervention companies delivering advanced technologies and solutions. One of them is Intervention Energy Services, a premier provider of inspection and testing services for the upstream oil and gas industry. The company offers a full range of iron recertification and non-destructive testing services to ensure customers' flow iron is compliant to industry standards, maintaining flow integrity through the most thorough and proven process.In this edition featuring the most promising Well Intervention Service Providers 2023, we hope you find the right partner for enhancing the safety and efficiency of well intervention operations. Let us know your thoughts!Unlocking Well Intervention Services' PotentialCopyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@energybusinessreview.comeditor@energybusinessreview.comMarketing@energybusinessreview.com JULY - 10 - 2023, Vol 04 - Issue 11 - ISSN 2836-5097 Published by ValleyMedia, Inc. To subscribe to Energy Business ReviewVisit www.energybusinessreview.com VisualizersPresley MeadowManaging EditorJade McdonaldEditorial StaffAaron Pierce Ava GarciaDaeg GroverVian IsaacJoshua Parker Kenny PeruzziScott ThomasJade McdonaldManaging Editoreditor@energybusinessreview.comDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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