Wireline Services Market Research Report- Forecast to 2023
Wireline Services Market Size, Share, Growth, Latest Innovation, Trends and Forecast to 2023
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Copyright Š 2017 Market Research Future.
Wireline Services Market Research Report- Forecast to 2023
1 Summary Wireline services are vital in the oilfield operations and are cost-effective methods of maintenance of the wellbores. The wireline service include cabling technology used by oilfield developers to reduce the number of equipment or measurement devices inside the well. Advantages of deployment of wireline services include evaluation of rock properties, information gathering for pore size, pressure gathering for production fluid formation, sample recovery, location casting rollers. Oilfield service providers are using innovative technology in wireline cabling technology for introducing down or lifting any type of instrument or equipment in and out of the wellbore. The main functions performed by wireline services include intervention, well completion, pipe recovery, and evaluation of reservoirs.
Key Players: The key players of global wireline services market are GE Oil and Gas (U.S.), Weatherford International (U.S.), Schlumberger (U.S.), Superior Energy Services (U.S.), Pioneer Energy Services Corp. (U.S.), C&J Energy Services Ltd. (U.S.), and National Oilwell Varco, Inc. (U.S.). Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro International Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv (UAE), and SGS (Switzerland) are among others.
2 Market Dynamics:
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Copyright Š 2017 Market Research Future.
Wireline Services Market Research Report- Forecast to 2023
Drivers The development of offshore oil platforms, coupled with the geographical expansion of oil industry is the critical driver of the market. The development of shale oil reserves in Latin America, U.S. Canada and others nations is critical commercial driver of the market. The growing energy demands of the world due to industrialization, population growth and others are demand led drivers of the global wireline services market. Technological advancements such as the development of fiber optic sensing technology, acoustic, nuclear and correlation measurements technologies and development of advanced analytics is driving the market. Optical fiber technology is fast replacing traditional wireline copper infrastructure due to advantages such as higher bandwidth, ability to transmit huge quantities of data over long distances, cheaper than copper wires and low noise and interference.
Segments To generate a detailed understanding of the wire line services market the report has been segmented on the basis of
Application - completion, intervention and logging. Type - E- lines and slicklines. Well type - cased wells and open wells. Location – offshore and onshore.
3 Market Research Analysis Regional Analysis:
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Copyright Š 2017 Market Research Future.
Wireline Services Market Research Report- Forecast to 2023
North America accounts for the largest market share of the wireline services market followed by AsiaPacific and South America region. The development of shale in the U.S. and Canada is expected to drive a faster growth of the market after a period of stagnancy.
Middle East and Asia-Pacific regions are anticipated to be the fastest growing market owing to growing economic clout and industrialization. Malaysia, Australia, and Indonesia are key markets in the AsiaPacific region with a large opportunity due to discoveries of oil in the South China Sea. Other Asian countries providing opportunities are Turkmenistan, Kazakhstan and others.
South and Central America, are another lucrative markets owing to discovery and development of a number of mature onshore and offshore projects. Brazil, Venezuela and Mexico are expected to be the largest markets in the Latin America and South America regions, while Argentina provides a large opportunity due to discovery of shale gas. Liberalization of the Mexican oil & gas industry is expected to provide an impetus while the worsening economic and political conditions in Venezuela are critical threats to the market.
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Copyright Š 2017 Market Research Future.
Wireline Services Market Research Report- Forecast to 2023
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Copyright Š 2017 Market Research Future.