This can be attributed to the potential increase in recoverable resources and increased production & exploration. Increase in crude oil prices is estimated to result in rise in investments for exploration & production activities leading to significant new projects across the globe, which is expected to positively impact industry growth.
The Global Wireline Logging Service Market was valued at over USD 16 billion in 2014, according to a new study by Grand View Research, Inc.
Technological advancements have broadened service offerings by oil & gas field service providers and improved industry efficiency. Several new technologies such as drill ships and Floating, Production, Storage, and Offloading (FPSO) vessels have enabled wells to be drilled in increasingly deep water. Additionally, the new reservoir conditions including high temperature, ultra-deep water, and high pressure require advanced logging tools and services. The aforementioned factors are projected to drive the industry demand over the next seven years.
To Know More About Wireline Logging Service Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/wireline-logging-service-market
Rise in the number of horizontal wells, demand for real-time logging, and well integrity concerns are estimated to offer significant opportunities for industry growth. However, increased seismic activities and stringent government regulations can hamper wireline logging service market.
Top Players of Wireline Logging Service Market:
Companies dominating Wireline Logging Service Market share include Halliburton, Schlumberger, Weatherford International, Baker Hughes, and Superior Energy Services.
Market Segmentation of Wireline Logging Service Market:
The Global Wireline Logging Service Market on the basis of Technology and Hole Type.
By Technology:
Slickline
E-Line
By Hole-Type:
Open Hole
Cased Hole
Inquire about Wireline Logging Service Market with Our Experts @ http://bit.ly/2sgdPPR
The Global Wireline Logging Service Market was valued at over USD 16 billion in 2014, according to a new study by Grand View Research, Inc.
Technological advancements have broadened service offerings by oil & gas field service providers and improved industry efficiency. Several new technologies such as drill ships and Floating, Production, Storage, and Offloading (FPSO) vessels have enabled wells to be drilled in increasingly deep water. Additionally, the new reservoir conditions including high temperature, ultra-deep water, and high pressure require advanced logging tools and services. The aforementioned factors are projected to drive the industry demand over the next seven years.
To Know More About Wireline Logging Service Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/wireline-logging-service-market
Rise in the number of horizontal wells, demand for real-time logging, and well integrity concerns are estimated to offer significant opportunities for industry growth. However, increased seismic activities and stringent government regulations can hamper wireline logging service market.
Top Players of Wireline Logging Service Market:
Companies dominating Wireline Logging Service Market share include Halliburton, Schlumberger, Weatherford International, Baker Hughes, and Superior Energy Services.
Market Segmentation of Wireline Logging Service Market:
The Global Wireline Logging Service Market on the basis of Technology and Hole Type.
By Technology:
Slickline
E-Line
By Hole-Type:
Open Hole
Cased Hole
Inquire about Wireline Logging Service Market with Our Experts @ http://bit.ly/2sgdPPR
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