Wireline Logging Services Market Scope
Wireline logging is the process of measuring the properties of a formation to take correct decisions for drilling and production operations. Whereas, wireline logging services are the services that provide proper measurement using electrical and mechanical instrument and equipment. The demand for wireline logging services has been increasing due to rising shale gas production & exploration and increasing well integrity concerns due to Deepwater geo-hazards and technological advancement such as real-time logging. Additionally, rising discoveries of new oil & gas field in many geographical areas such as the United Kingdom have been supplementing the overall growth of the market. However, strict government regulations due to rising environmental concern across the globe and high initial investment due to the high cost of equipment and tools have been hampering the overall growth of the market. Moreover, increasing investment in an oil and gas sector and increasing oil production and growing E&P spending due to increasing demand from emerging economies particularly from the Asian countries can be considered an opportunity for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Baker Hughes, a GE company (United States), Schlumberger Limited (United States), Casedhole Solutions (United States), Superior Energy Services (United States), Expro International Group Holdings (United Kingdom), Halliburton Company (United States), Nabors Industries Ltd (Bermuda), Weatherford International plc (United States), Superior Energy Services, Inc (United States) and OilSERV FZCO (United Arab Emirates) |
CAGR | 4.3% |
"According to AMA, the Global Wireline Logging Services market is expected to see growth rate of 4.3% and may see market size of USD43.52 Billion by 2030."The Manufacturers having a strong hold in the market are Baker Hughes, a GE company, Schlumberger Limited, Casedhole Solutions, Superior Energy Services. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Wireline Logging Services market throughout the predicted period.
Baker Hughes, a GE company (United States), Schlumberger Limited (United States), Casedhole Solutions (United States), Superior Energy Services (United States), Expro International Group Holdings (United Kingdom), Halliburton Company (United States), Nabors Industries Ltd (Bermuda), Weatherford International plc (United States), Superior Energy Services, Inc (United States) and OilSERV FZCO (United Arab Emirates) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are China Oilfield Services Ltd (China), RECON Petrotechnologies (Canada) and Pioneer Energy Services Corp (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Wireline Logging Services market by Type and Region with country level break-up.
On the basis of geography, the market of Wireline Logging Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On July 2017, Schlumberger has announced agreement for acquiring Majority Share in Eurasia Drilling Company. The agreement has been approved by Federal Antimonopoly Service of Russia. This acquisition will create a new opportunity for the company.
“Oil and gas exploration companies must apply to the Nuclear Regulatory Commission (NRC) for licenses to use nuclear sources for well exploration. Various types of sources can be used for a process called wire-line well logging: the use of radioactive material to determine the geological nature of a well by dropping a radioactive source down the borehole. Common sources for well-logging include a neutron source (which is used to help determine hydrogen-based compounds such as oil, gas, and water) and a gamma source (which is used to measure both density and porosity of the surrounding material). Backscattered gamma emissions or neutrons are then interpreted on charts and logs to determine the well’s ability to produce oil or gas.”
Influencing Trend:
Rising Discoveries of New Oil & Gas Field in Many Geographical Areas such as the United Kingdom
Market Growth Drivers:
Increasing Demand due to Continuously Rising shale gas production and exploration and Increasing Well Integrity Concerns due to Deepwater Geo-Hazards and Technological Advancement such as Real Time Logging
Challenges:
High Initial Investment due to High Cost of Equipment and Tools
Restraints:
Rising Environmental Concern across the Globe
Opportunities:
Increasing Investment in an Oil and Gas Sector and Increasing Oil Production and Growing E&P Spending due to Increasing Demand from Emerging Economies Particularly From Asian Countries
Key Target Audience
Wireline Logging Service Providers, Oil and Gas Production Companies, Private Research Organizations, Government Agencies and Others