The Oil and Gas Industry, being one of the most enormously invested ventures, is a gamble of billions of dollars. Thus, in a time where the oil and gas industry is exploring newer horizons, it is absolutely essential to come up with latest methodology and techniques to make sure that the projects of gigantic investments are commenced only after appropriate analysis, to ensure a higher certainty of a positive outcome. These analyses can be done on the basis of geology, reservoir fluid properties, reservoir characteristic, basin, uncertainties and risks etc.

Reserve analysis refers to the analysis done primarily to identify the characteristic properties of any reservoir which include the characteristics of formation as well as the formation fluids. Various data like porosity, permeability, volume, area etc. are determined with the implementation of different techniques and methods. These are then used to characterize the reservoir condition and properties which helps in identifying the steps to be taken in order to achieve production and completion optimization. Some major uses of reservoir analysis are:

  • Formation fluid analysis (flow rates, properties etc.)
  • Data acquisition and management
  • Identification and estimation of overall recoverable hydrocarbon present
  • Increase the understanding of life cycle of reservoir
  • Minimize risks and uncertainties association with reservoir calculations
  • Mitigation of specific production problems etc.

The exponential growth in Exploration and Production activities across the globe marks a growth in Reservoir Analysis Market. The Market had an estimated worth of 16.59 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 2028.

Technology overview:

The primary function of reservoir analysis is to identify the total recoverable hydrocarbon present, the properties of hydrocarbon and to maximize the amount of total recoverable hydrocarbon. The various steps performed in reservoir analysis are:

  • Structural analysis
  • Stratigraphy
  • Sedimentology
  • Reservoir engineering and modeling etc.

Structural analysis, stratigraphic analysis and sedimentology are all qualitative in nature where as reservoir engineering follows a quantitative (mathematical) approach.

Reservoir engineering is generally the last step of reservoir analysis. The fundamental science of reservoir engineering deals with the basic principles that may be used to unlock the hydrocarbons along with the economic approach through understanding of capillary, interfacial and many other parameters that hold the petroleum in the reservoir. The understanding of fundamental principles of Reservoir Engineering will lead to a breakthrough that would fulfill the futuristic energy demands. The various means to meet the objective of Reservoir Engineering include:

  • Control the amount of gas or water
  • Proper placement of wells
  • Injection of water or other fluid into the reservoir etc.

Some analysis and studies that come under reservoir engineering are:

  • Behavior of Wells : Oil & Gas
  • Drive Mechanism: Theory and Performance Analysis
  • Displacement Mechanism
  • Aspects of Water Flooding
  • Recent Trends in Reservoir Modeling etc.

Thorough and comprehensive study of Reservoir Analysis, technology, methods, advancements along with application etc. is provided in the report.

The primary drivers of the market are increase in exploration and production activities across the globe and the absolute necessity of performing reserve analysis for production optimization, reducing uncertainties and risk etc. The market does not have many major challenges but the implementation of latest and more effective technologies could be restricted because of investment constraints. Also overall drop in exploration and production activities due to lower hydrocarbon prices and other factors can affect the market. However, exponential growth of oil and gas industry over the years along with massive investment in technology and research, especially in the field of reservoir analysis, marks the growth opportunity of Reservoir Analysis Market.

Comprehensive competitive analysis and profiles of major market players such as Schlumberger Limited (U.S.), Baker Hughes Inc. (U.S.), Halliburton (U.S.), Weatherford International ltd. (Ireland), SGS SA (Switzerland), CGG SA (France), Roxar software solutions AS (Norway), ALS Oil & Gas (Australia), Core Laboratories (U.S.) Expro Group (U.K.), Geokinetices (U.S.), Intertek (U.K.), Paradigm(U.S.), Tracerco (U.K.) etc is provided in this report.

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By Location

  • Onshore
  • Offshore

By Need

  • Formation fluid analysis (flow rates, properties etc.)
  • Data acquisition and management
  • Identification of overall recoverable hydrocarbon present
  • Increase the understanding of life cycle of reservoir
  • Risks and uncertainties analysis
  • Production problems
  • Others

By Technology and Methodology

  • Structural analysis
  • Stratigraphy
  • Sedimentology
  • Reservoir engineering and modeling
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2018-2028)
  • Analysis and study of various services provided by major players active in the Reservoir Analysis market
  • Market segmentation based on Location, Need, Technology & Methodology & 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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