Report

Oil and Gas Wireline 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. Therefore, robust data acquisition, management and interpretation techniques have been developed in order to properly utilize and manage large amount of 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). Wireline Logging is used to measure the properties of formation by sending tools called sondes down in borehole and measures it by the help of electrical wire lines. The data are displayed in a sheet called well log and is a series of measurements which are recorded of the depth of the wellbore. In order to give an efficient interpretation of subsurface, several tools working on various different principles are often run together so that the log is for informative and effective.

The growing exploration and production activities mark a substantial growth in wireline logging services requirement, thus forecasting a growth in its market. Well testing services Market had an estimated worth of 18.95 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:

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. Wireline logging can be primarily classified on the following basis:

  • Open Hole Logging
  • Cased Hole Logging

The primary objectives which are needed to be achieved by wireline logging are as follows:

  • Locate the hydrocarbon formation and pay zone depth
  • Amount of hydrocarbon present
  • Identification of basic parameters to identify whether production is feasible or not
  • Identification as well as evaluation of completion problems (like cementing etc.)etc.

Various logging tools which are used in the industry are differentiated on the basis of physics and technology they work upon. The various classification of wireline logging tools used in the industry are:

  • Electrical Logs: - (Spontaneous Potential Log, Resistivity Logs)
  • Radioactivity Logs(Natural Gamma Ray Log, Density Log, Neutron Log)
  • Acoustic Logs
  • Nuclear Magnetic Resonance (NMR)
  • Production Logging etc.

An in-depth analysis and study of wireline 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 thus 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 requiring niche tool applications, growing need of substantial subsurface knowledge etc. However, rising costs because of its implementation, calling in specialized companies for specific jobs, tool conveyance problems in unconventional wells etc. can be a challenge for the industry. Furthermore, vigorous advancements in technologies associated with well logging services along with massive growth in exploration and production sector strongly suggests tremendous growth of the market in coming future.

Comprehensive competitive analysis and profiles of major market players such as 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:

  • Open Hole Logging
  • Cased hole logging

By Type:

  • Electrical Logs
  • Radioactivity Logs
  • Acoustic Logs
  • Nuclear Magnetic Resonance
  • Production Logging
  • Others

By Properties Evaluated:

  • Porosity
  • Lithology
  • Flow rates
  • Cement Bonds strength
  • Pressure
  • Temperature
  • Formation fluids
  • Secondary permeability
  • 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 Wireline 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
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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