Wireline Logging Services Market is segmented into cased-hole logging and open hole logging services. Cased hole logging services industry, which accounted for 75% of the global market share in 2014, is expected to maintain its dominance over the coming five years. Open hole logging services is likely to cross a revenue of USD 5 billion by 2022. Heavy demand for new wireline logging services for ultra-deep water reserves are predicted to drive the wireline logging services market growth.
Increased possibilities of shale gas production around the globe are expected to drive the wireline logging services market over the next seven years. Factors such as authorization of subsoil property rights to surface property owners, sanctity of contracts and decentralized regulatory context are projected to further impact the industry.
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Various technologies such as Slickline and E-line are used to measure & transmit the real-time logging data along with measuring of well-depth, down-hole pressures, and temperatures. Slickline technology segment in wireline logging services market worth USD 6 billion in 2014, is expected to grow at a rate of 7.4% over the period of 2015-2022. It saves costs, allows safer operations, and provides reliable pressure control with low ecological risks. E-line technology segment is expected to witness a massive growth over the coming timeframe, driven by its capacity to transmit data in the electric mode along with large-scale applications in exploration & production activities.
Escalating exploration and production (E&P) spending due to technological advancements facilitating ease of access to unusual as well as deep water reservoirs is forecast to boost wireline logging services market demand. High oil & gas production from North Dakotas Bakken Shale and the Marcellus Shale in north eastern region of the U.S. has become a source of increased onshore oil & gas production.
Market players will try to enhance their product portfolio and regional presence through technological innovations, joint ventures, and strategic collaborations. Key industry participants in wireline logging services market include Halliburton Company, Nabors Industries, Schlumberger, Baker Hughes, Superior Energy Services, Weatherford International, and OilSERV.
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North America wireline logging services market is expected to continue its domination over the coming five years, driven by rise in the number of offshore as well as onshore activities along with an increase in the rate of shale gas exploration activities. U.S. is expected to contribute significantly towards the regional share. High energy demand along with a rise in the amount of exploration activities plus high logging requirements is expected to drive Latin America wireline logging services market revenue in the near future.
Notable industry players in wireline logging services market are Schlumberger, Baker Hughes, Weatherford International, Halliburton, Superior Energy Services, etc. The market share is consolidated in nature, with significant technological developments and R&D viewed as key strategies.
Table Of Content For This Research Report:
Chapter 4. Wireline Logging Services Hole Type Insights
4.1. Wireline logging services market share by hole type, 2014 & 2022
4.2. Open hole
4.2.1. Global market estimates and forecasts by region, 2012 – 2022
4.3. Cased hole
4.3.1. Global market estimates and forecasts by region, 2012 – 2022
Chapter 5. Wireline Logging Services Technology Insights
5.1. Wireline logging services market share by technology, 2014 & 2022
5.2.1. Global market estimates and forecasts by region, 2012 – 2022
5.3.1. Global market estimates and forecasts by region, 2012 – 2022
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