Industry Research by Koncept Analytics
Global Seismic Survey Market: Industry Analysis & Outlook ----------------------------------------(2017-2021) June 2017
Global Seismic Survey Market: Industry Analysis & Outlook (20172021)
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Executive Summary Seismic wave research forms an important part of the oil exploration and production industry. These waves help in analyzing the ability to understand and predict earthquakes and tsunamis. Seismic waves also reveal information about the Earth's composition and features, and are therefore created artificially to locate oil, natural gas and minerals. A seismic survey is conducted by creating a shock wave i.e. a seismic wave, on the surface using an energy source, which are then recorded and analyzed by geologists. Seismic surveys have become the major tool of exploration for both onshore and offshore. Seismic data is collected is mainly in 2D, 3D, and 4D forms. The global seismic market saw a slump post 2013 due to which the market suffered from heavy debts, decreased demand and slashed exploration budgets. But the market has now started to finally recover from the downturn and is expected to register moderate growth in the coming years. The global seismic survey market growth will be driven by factors such as positive development in oil prices, increasing activity level both offshore & onshore, and strong regaining ocean seismic market. The global market currently is trending with vessel reactivation, sprouting contract seismic market, and increased converted contracts demand. However, the market will be challenged by ageing skilled human resource and high barriers to entry. The report offers an in-depth analysis of the global seismic survey market. It also covers multi-client and contract seismic market as well. The top notch players in the market exhibit a very close competition. The report profiles CGG SA, Petroleum Geo-Services (PGS), TGS, and Polarcus Ltd. Global Seismic Survey Market: Industry Analysis & Outlook (20172021)
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With positive development of oil prices and recovering E&P market, seismic market is expected to regain its traction. Global Seismic Market by Value (2012-2016)
Global Seismic Market’s Net Debt/EBITDA* Forecast (2017-2021)
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The seismic market saw declining revenues reaching 50% of the total market in 2013. The market value was recorded at US$.. billion in 2016, declining at a negative CAGR of (..%) for the period spanning 2012-2016.
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The net debt/EBITDA ratio is expected to fall and reach .. by 2021.
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The global seismic streamer count is expected to reach .. by 2021, increasing from .. in 2017. The volume is likely to grow at a CAGR of ..% for the period spanning 2017-2021.
Global Seismic Vessels and Streamers Volume Forecast (2017-2021)
Global Seismic Survey Market: Industry Analysis & Outlook (20172021)
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The level of activity is picking up in the seismic market as the demand will improve with larger vessel reactivation. Global Seismic Fleet’s Supply and Demand Situation (2012-2016)
Global Seismic Vessel’s Regional Operation Share (2012/2016)
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In the year 2012, the overall size of the contract market demand was ..vessels, and declined to .. vessels in total in 2016.
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In year 2016, ..% of the vessels were lined up in West Africa region, this percentage has fallen by ..% from the year 2012.
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The multi-client seismic market value is expected to reach US$.. billion by 2021, increasing from US$.. billion in 2017. The market is likely to grow at a CAGR of ..% for the period spanning 2017-2021.
Global Multi-Client Seismic Market Forecast by Value (2017-2021)
Global Seismic Survey Market: Industry Analysis & Outlook (20172021)
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Global Seismic Survey Market: Industry Analysis & Outlook (20172021)
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