San Francisco, 15 January 2020: The Report Wireline Logging Service Market Analysis By Technology (Slickline, E-Line), By Hole Type (Open Hole, Cased Hole) And Segment Forecasts To 2022
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. 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.
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.
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.
Access Research Report of Wireline Logging Service Market @ https://www.grandviewresearch.com/industry-analysis/wireline-logging-service-market
Further key findings from the study suggest:
Grand View Research has segmented the wireline logging service market on the basis of technology, hole type, and region:
Wireline Logging Service Technology Outlook (Revenue, USD Million, 2012 - 2022)
Wireline Logging Service Hole Type Outlook (Revenue, USD Million, 2012 - 2022)
Wireline Logging Service Regional Outlook (Revenue, USD Million, 2012 - 2022)