Report

Oil and Gas Surface Logging Market: Development, Opportunities and Market Outlook (2016-26)

In today’s time Oil and Gas industry is one of the strongest pillars that supports and drives concurrent modernization. Growing development in the industries has led to exponential rise to the amount of data that any modern industry has to deal with. Thus, robust data acquisition, management and interpretation techniques have been developed in order to properly utilize and manage data. Oil and Gas Industry especially utilizes various technologies and services to not only record various data quantitatively and effectively, but also help in optimization of various processes of the industry. Well logging, is one such aspect of the oil and gas industry.

Logging refers to the process of making a detailed recording of the properties of the geological formations drilled. It can be done both at surface (Surface logging) or subsurface (Wireline logging). Surface Logging is used to measure the properties of formation by primarily bringing in sub surface formation cutting to the surface and then analyzing them to find their properties. The formation cuttings are brought to the surface with drilling fluids or by sending in a tool to collect a sample of the formation (coring). Surface logging is also used for measuring and acquiring data from surface equipment during drilling operations from multiple surface sensors.

The growing exploration and production activities mark a substantial growth in surface logging services requirement, thus forecasting a growth in its market. Well testing services Market had an estimated worth of xx billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Technology and services overview:

Surface logging is either used for surface equipment monitoring or sub surface formation evaluation.

Drilling Monitoring: Various data likehydraulic, mechanical and engineering data is continuously measured and monitored in order to maintain the pressures (formation fluid, drilling fluid etc.), optimize the various processes as well to maintain a safe working environment. The two main functions performed are as follows:

  • Data acquisition
  • Data processing and display

In today’s time, geologists analyze the data collected by logs to map and interpret the properties of subsurface formation. Also, by comparing logs collected from various wells of the same field, development as well implementation of an efficient and effective method of hydrocarbon production is formulated. The two primary methods of evaluating the sub-surface formation at the surface are coring and mud logging.

Coring: It is a technique in which an actual sample of the formation is obtained from the sub-surface conditions. It is mainly of two types:

  • Full coring: In it, a specialized drilling bit (coring bit) is used to drill through the formation and obtain a cylindrical formation rock (called core)
  • Sidewall coring: It is a method to obtain multiple samples at once and the samples are obtained from the side of the borehole.

Mud Logging: These are prepared by identifying the properties of sub-surface formation cuttings which are brought up to the surface by circulation of drilling fluid. ‘Mud logs’ are usually provided by mud logging service providers. Mud logging is used for indentifying and collecting the following:

  • Rate of penetration (ROP)
  • Lithology
  • Formation gas hydrocarbons
  • Flow line temperature (temperature of the drilling fluid)
  • Chlorides
  • Estimated pore pressure
  • Pump rate
  • Viscosity
  • Weight on bit etc.
  • An in-depth analysis and study of surface logging technology and tools along with various advancements, applications, needs etc. is provided in the report.

    The primary driver of the market is the oil price which significantly drives the costs of services and equipments thereby drives which kind of tool or services should be used. The market is also driven by advancements in exploration and production industry, operations in unconventional reservoirs which require niche tool applications, growing need of substantial subsurface knowledge etc. However, rising costs because of its implementation, calling in specialized companies for specific jobs, greater effectiveness of wireline logging and need of larger surface space for equipment etc. can be a challenge for the industry. Furthermore, vigorous advancements in technologies associated with surface Logging services along with massive growth in exploration and production sector strongly suggests tremendous growth of the market in future.

    Comprehensive competitive analysis and profiles of major market players such as include Schlumberger Ltd., Weatherford International Ltd., Halliburton Company, Rockwater Energy Solutions Inc., Tetra Technologies Inc., FMC Technologies Inc, Helix Energy Solutions Group Inc., Greene’s Energy Group, Mineral Technologies Inc. etc. also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore service
  • Offshore service

By Nature of Application:

  • Drilling Monitoring
  • Sub-surface formation analysis

By Type:

  • Coring
  • Mud logging
  • Surface operations data acquisition
  • Surface operations data management
  • Others

By Properties Evaluated:

  • Rate of penetration (ROP)
  • Lithology
  • Formation gas hydrocarbons
  • Flow line temperature (temperature of the drilling fluid)
  • Chlorides
  • Estimated pore pressure
  • Pump rate
  • Viscosity
  • Weight on bit
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Oil and Gas Surface logging market
  • Market segmentation based on Location, Nature of Application, Type, Properties Evaluated & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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