DUBLIN, September 24, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/c4wwkc/wireline_logging) has announced the addition of the "Wireline Logging Services Market By Hole Type, By Wireline Type & Geography - Global Trends & Forecasts To 2019" report to their offering.
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Well logging is defined as the performing of a detailed recording (a well log) of the geologic rock formations that are a part of the reservoir and is penetrated during a drilling operation. The log may be based either on visual inspection of samples brought to the surface (geological logs) or on physical measurements made by instruments brought down into the hole (geophysical logs).
In this report, the market is analyzed on the basis of revenue generated by the wireline services supplied by oilfield service companies to the oilfield services market. One of the major service provided in wireline is wireline logging service. Major value generation activities of the market are recorded in North America and the remaining regions are growing at a higher rate with the exploration of new reserves, creating growth prospects for the wireline logging services market. The North American market is reaching towards a stage of maturity and the movement in the market will mainly be subjected to competition.
Potential increase in recoverable resources and increased exploration and production are the most important drivers for the market. Increasing focus towards natural gas production also require wireline logging services. Currently, natural gas is referred as transitional fuel for being the chain between conventional resources and renewable energy. This proves to be an advantage for the international natural gas market and hence, for the wireline logging services market. As the energy demand in developing countries such as India and Brazil is increasing, fulfilling this demand will enhance the growth prospects for market.
The wireline logging services market has great opportunities outside North America; however, its growth depends upon many reasons that include environmental objections and a subsequent ban on certain logging techniques in few countries, which are key hurdles for the growth of this market.
Currently, North America dominates the wireline logging services market. This dominance is seen mainly due to continuous and large increment in the U.S. exploration and production activities. The new and unconventional hydrocarbon recovery and its growth are important reasons for the growth of the market. North America has the highest market share because of favorable regulations in the region.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Analysis Key Findings
5 Wireline Logging Services Market, By Hole Type
6 Wireline Logging Services Market, By Wireline Type
7 Wireline Logging Services Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Baker Hughes
- Casedhole Solutions
- Expro International Group Holdings Ltd.
- Nabors Industries Ltd.
- Pioneer Energy Services
- Superior Energy Services
- Weatherford International Inc.
For more information visit http://www.researchandmarkets.com/research/c4wwkc/wireline_logging
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SOURCE Research and Markets