Wireline Logging Services Market Growth Rate, Future Trends and Challenges, Major Drivers and Opport
Wireline logging is a process in which electrical instrument is used to measure the properties of formation in order to make decisions about production and drilling operations. The measurements of down hole formations is done by lowering the probe into hole followed by gradually pulling out the probe from hole and recording properties of rocks and fluids formations along the way.
[ClickPress, Tue Oct 01 2019]
Wireline logging is a process in which electrical instrument is used to measure the properties of formation in order to make decisions about production and drilling operations. The measurements of down hole formations is done by lowering the probe into hole followed by gradually pulling out the probe from hole and recording properties of rocks and fluids formations along the way. Wireline logging services helps drillers, engineers and geologists to make real time decisions about drilling operations. Wireline logging services are able to provide various services such as measurement of conductivity, resistivity, formation pressure, sonic properties and wellbore dimensions. The wireline logging services market is growing day-by-day due to increasing oil and gas exploration. The depletion of shallow and onshore water fields has forced oil companies to focus on offshore, unconventional onshore areas and deep water, where wireline logging services play an important role.
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Wireline Logging Services Market: Regional Outlook
The global wireline logging services market is segmented into seven regions: North America (USA, Canada), Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe), Middle East and Africa (GCC Countries), East Asia (Japan, South Korea and China), South Asia (India, Thailand, Malaysia, Indonesia and Rest of South Asia), Oceania (Australia, New Zealand) and Latin America (Brazil, Mexico and Rest of Latin America). Among the above-mentioned regions, the North America region currently holds the major share of global wireline logging services market. Middle East and Africa region is estimated to account for a significant wireline logging services market share due to industrial activities in GCC, such as Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates (UAE) during the forecast period. Since 50% of the world’s oil reserves are located here, this region is considered important geographical zone in case for wireline logging services market. Europe region also shows considerable growth in wireline logging services market due to increasing deep-water activities. Regions like South Asia is expected to be growing over the forecast period due to increasing focus on utilization and exploration of deep and ultra-deep oil and gas reserves in developing countries like Malaysia and India.
Wireline Logging Services Market: Prominent players
The prominent players of global wireline logging services market are as follows:
- Baker Hughes
- Casedhole solutions
- Weatherford International Inc.
- Pioneer Energy Services
- Superior Energy Services
- Royal Dutch Shell
- Schlumberger Limited
- China Oilfield Services Ltd
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The research report presents a comprehensive assessment of the global wireline logging services market and contains thoughtful insights, facts and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The wireline logging services market report provides analysis and information according to market segments such as process and type.
Wireline logging services Market: Dynamics
The global wireline logging services market is majorly driven by the rising need for deep water, offshore oil and gas production and exploration activities. Along with this, the increasing investments by rising economies in offshore exploration plays an important role to drive the wireline logging services market. Increased petrochemical consumption across different industries considering paints and coatings, energy, transportation, textiles and plastic is expected to increase oil exploration activities, which drives the wireline logging services market during the forecast period. Technological advancements and strong financial backups have increased ultra-deep and deep oil exploration, which leads to drive the wireline logging services market. Depletion of onshore oil and gas resources led to increased oil and gas exploration of offshore oil and gas resources, which plays an important role in driving the wireline logging services market. The growing demands for raised efficiency at offshore, unconventional onshore oil and gas exploration centers provide new opportunities to players operating in wireline logging services market.
Each line has its own applications and limitations. These wireline enables various down-hole operations to be conducted cost-effectively and efficiently. A thin cable, which is introduced into a well to deliver and retrieve tools, is known as Slickline. Electric line is an electrical cable used to lower tools into wellbore and transmit information about the conditions of the wellbore, whereas braided lines are used to lower heavy tools strings where large forces are present.
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