Home > Energy & Power > Oil and Gas > Upstream > Geophysical Services Market

Geophysical Services Market Share

Report ID: GMI6823
Published Date: Sep 2023
Report Format: PDF

Download Free Sample

Geophysical Services Market Share

Major participants in the geophysical services market include:

SLB
CGG
PGS
TGS
Halliburton
Fugro
China Oilfield Services Limited
Weatherford
Gardline Limited
SAExploration
Dawson Geophysical Company
Paradigm Group B.V.
EGS (International) Ltd
Ramboll Group A/S
Getech Group plc
NUVIA Dynamics Inc.
Spectrum Geophysics
Abitibi Geophysics

Schlumberger (SLB), CGG, and Weatherford have established strong market positions in the geophysical services sector through a combination of factors. Schlumberger, as a global leader in oilfield services, leverages its extensive resources, technological prowess, and vast industry expertise to provide comprehensive geophysical solutions. Its integrated approach to reservoir characterization and subsurface imaging has made it a trusted partner for the oil and gas industry. CGG, with its cutting-edge seismic imaging technologies, has gained recognition for its ability to deliver high-quality subsurface data. The company's focus on innovation, research, and development has enabled it to offer advanced geophysical solutions, particularly in marine and land-based surveys, making it a preferred choice for a wide range of industries.

Weatherford, known for its well-established presence in the oilfield services sector, extends its capabilities to geophysical services, offering integrated solutions for reservoir evaluation and management. The company's strong global network and commitment to technology-driven solutions have solidified its market position. These companies share a commitment to technological innovation, customer-centric approaches, and a deep understanding of the geophysical services landscape, allowing them to maintain their strong market presence and adapt to the evolving needs of the industry.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of geophysical services was worth USD 14.9 billion in 2023 and is anticipated to reach USD 26.1 billion by 2032, due to the continued demand for energy resources in the oil and gas sector.

Geophysical services market size from the seismic technology is poised to observe around 4% growth rate from 2023 to 2032, driven by the increasing global energy demand and the higher need to discover new hydrocarbon reserves.

Geophysical services market from the oil & gas end-user segment is anticipated to witness over 3% CAGR through 2032 driven by rising assistance in the discovery of hydrocarbon reserves, reservoir characterization, and well planning.

North America geophysical services industry size is expected to register over 2.5% CAGR up to 2032, owing to the ongoing exploration activities, shale gas developments, and the incessant need for efficient resource extraction.