Wireline Logging Services Market Size By Hole (Cased Hole, Open Hole), By Technology (E-line, Slickline), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022
Published Date: Mar 2016 | Report ID: GMI135 | Authors: Ankit Gupta, Aditya Singh Bais
Wireline Logging Services Market size surpassed USD 14 billion in 2014 and is anticipated to witness growth of over 6% from 2015 to 2022.
Get more details on this report - Request Free Sample PDF
Wireline logging services market will witness growth on account of surging investments toward exploration of geothermal, mineral and oil & gas resources. Nuclear magnetic resonance, logging while drilling (LWD), gamma ray and measurement while drilling (MWD) are some of the key leading techniques used across the industry. In addition, steady oil demand along with soaring investments toward the development of energy infrastructure will further boost product deployment over the forecast timeline.
Growing demand for real time logging, with increasing potential of recoverable resources and rising energy applications will influence the technology growth. In addition, ongoing technological advancements and evolving industry standards will further augment the business outlook. Moreover, the rising production activities coupled with declining profit margin across the oil field services will fuel the wireline logging services market adoption.
Increasing investments to stimulate deep and ultra-deep drilling activities will significantly drive the industry outlook. Recent advancements across wireline logging and logging-while drilling technology have substantially enhanced the industry’s capability to place wells in the reservoir, assess adjacent formations, and comprehend targeted reservoirs.
|Base Year:||2014||Market Size in 2014:||14 Billion (USD)|
|Historical Data for:||2012 to 2014||Forecast Period:||2015 to 2022|
|Forecast Period 2015 to 2022 CAGR:||6%||2022 Value Projection:||24 Billion (USD)|
|Pages:||90||Tables, Charts & Figures:||68|
|Geographies covered:||U.S., Germany, UK, China, India, Latin America, MEA|
|Segments covered:||Hole, Technology and Region|
|Companies covered (10):||Baker Hughes, Casedhole Solutions, Expro International Group Holdings, Halliburton, Nabors Industries Ltd, OilServe, Pioneer Energy Services, Schlumberger, Superior Energy Services, Weatherford International Inc,|
By Hole Type
Escalating demand for well intervention along with ongoing developments in monitoring and evaluation will enhance the cased hole wire logging service industry. Cased-hole wireline logging service comprise of procurement of logging measurements by the means of metal piping or well chasing during the completion of operations.
The open-hole services market is set to witness growth over 7% by 2022. In contrast with cased hole services, in open hole the operations are performed on the well before the wellbore is cemented. Ability to withstand at high temperature & pressure across ultra-deep-water levels are few indispensable parameters that will raise the product adoption over the forecast period.
E-line technology segment is anticipated to witness growth on account of their ability to continuously transmit logging data to the surface. The technology utilizes a steel armored electric cable and varies as per number of electrical conductors and strength of the wireline. In addition, the ability of this technology to capture real time data from reservoir monitoring, tubing inspections and cement bond logs to offer better depth control will further proliferate the wireline logging services market landscape.
Slickline service industry will witness gains on account its ability to offer cost savings coupled with provision of a greater degree of control & safer operation. The technology includes control of sliding sleeves for closing & opening the access to zones in combination with replacement of gas lift valves. In addition, measurement of temperature, depth of the well, down-hole pressures and well perforation are some of key underlying characteristics demonstrated by slickline technology which will create a favorable business scenario.
China Wireline Logging Services Industry, By Technology, 2014 & 2022 (USD Million)
Get more details on this report - Request Free Sample PDF
Europe is set to witness gains on account of escalating energy demand along with ongoing initiatives aimed toward the re-development of wells located across mature oil fields. Increasing exploration & production activities across shale reservoirs coupled with rising commercial viability of offshore drilling at multiple depths will enhance the industry outlook. In addition, growing demand for accurate estimation of hydrocarbon volumes will further stimulate product adoption over the forecast timeframe. For instance, in 2012, Statoil awarded a four-year contract to Schlumberger for the provision of wireline logging services across the Norwegian Continental Shelf (NCS). As per the contract, Schlumberger will provide multiple services including perforation, open-hole logging and cased-hole logging and would apply to all of Statoil’s E&P licenses on the NCS.
The North America wireline logging services market will witness gains owing to increasing oil & gas exploration activities across Gulf of Mexico in the U.S. Increasing investments toward the adoption of advanced technologies to raise the efficiency & productivity coupled with shifting trends toward the implementation of digital services to optimize the business processes will enhance the industry landscape. In addition, growing number of onshore & offshore wells along with rising penetration of shale gas will further proliferate the business growth.
Competitive Market Share
Notable players operating across the market include Halliburton, Weatherford International, Schlumberger, Baker Hughes, OilSERV, Pioneer Energy Services, Superior Energy Services, and Nabors Industries. Intense competition across the industry has forced the competitors to provide cutting edge innovative solutions to cater to the evolving business processes & practices undertaken by the industry participants.
Exploration & Production (E&P) companies award maintenance & service contracts to organizations that offer high degree of cost efficiency. Competent & robust distribution channels are key factors for competitive advantage across the wire logging services market.
Wireline logging involves the utilization of electrical instruments to measure the properties of formation on account of making decisions about the product and drilling operations. It is the measurement of attributes of downhole formation using special equipment or tools that are lowered into the borehole.
Why Global Market Insights, Inc.?
- GMI is unparalleled when to comes to the quality of research and information provided to clients. Our unique methodology is designed to ensure a minimum of 90% accuracy to give our clients excellent value on their investment.
Over 200 experts are available across various time-zones, ready to serve clients for their research needs. Our industry experts help clients to design reports customized to their needs.