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Pulished Date September, 2020
ID: 10229
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Global Wireline Logging Services Market Segmentation By hole (Cased Hole, Open Hole), by technology (E-Line, Slickline), and Region - Industry Forecast | 2020 to 2025

Pulished: September, 2020
ID: 10229
Pages: 175

Wireline Logging Services Market Size and Growth Analysis:

The global wireline logging services market is predicted to reach $ 25.46 billion in 2019, with a CAGR of 10.3% between 2020 and 2025. Countries in the Asia Pacific and Africa have a call for the latest and greatest logging services for open and closed wells. Therefore, these regions are predicted to experience the highest expansion in the next five years.

The outlook for fixed-line logging services in the oil and gas industry is surprising given the increase in productive activity in the industry. Fixed-line services continue to increase in the oil field due to the escalating cabling needs of oil and gas hydraulic fracturing firms. These services help firms keep oil and gas production operations economical in terms of time and cost, thus escalating opportunities for the worldwide market. Wireline logging services are employed in the oil and gas industry to obtain data on the formation of rock properties. The wireline log collects all information based on geophysical data analysis, which is performed based on the depth of the well. Cable logging and mud logging are completely different. However, they are closely related to each other in the integration of data sets. These measurements are made using TAH (true along the well depth) and the associated analysis can be employed to infer other properties such as additional drilling, formation pressure, production decisions and saturation in hydrocarbons. Landline services help oil and gas firms compete on time and money; therefore, it opens up new expansion opportunities for the worldwide market for wireline logging services.

Wireline Logging Services Market Trends:

  • Wireline logging services use an electric cable to lower tools into the well to continuously record reservoir characteristics. These services are used for mapping the reservoir and its associated hydrocarbons, as this can result in an efficient and optimized drilling practice. Tools and equipment are introduced into the wells through an open well or cased well.
  • Baker Hughes, a division of General Electric, introduced its multimodal oil and gas center in Luanda, Angola. The plant, with its additional capabilities across multiple product lines, will provide a suite of products and services across the entire oil and gas value chain. It will serve as a hub to support clients and projects in Angola and South Africa, and will also serve clients worldwidely.

Wireline Logging Services Market Drivers

The potential increase in recoverable resources and escalated exploration and production are the main drivers of the market. The escalating emphasis on natural gas production also requires cable logging services. Currently, natural gas is considered a transition fuel as it is the chain between conventional resources and renewable energies. This is proving to be an advantage for the international natural gas market and, therefore, for the market for wireline logging services. As call for energy increases in developing countries such as India and Brazil, meeting this call will improve the market's expansion prospects. The surge in the number of horizontal wells and implementation of novel technologies in shale gas exploration are a few factors driving the worldwide market for these services. The growing call for real-time logging, with a growing potential for recoverable resources and an increase in energy applications, will influence the expansion of the technology. Additionally, continuous technological advancements and ever-changing industry standards will further enhance business prospects. In addition, escalated production activities coupled with a lower profit margin in oilfield services will drive market adoption of cable logging services.

Restraints:

The growing challenges in the worldwide oil and gas industry in terms of regulatory challenges and growing environmental issues are restricting the expansion of the global wireline logging services market. Likewise, the depletion of oil reserves is also holding back the expansion of the worldwide market.

Opportunities in the Wireline Logging Services Market:

The expansion of the market is due to the increase in the collection of real-time data through power tools, which can drive the expansion of the worldwide market for cable recording services. Also, the expansion of exploration and production activities is predicted to further improve in the worldwide market. In addition, technological developments and business focus on natural gas may have a positive impact on the worldwide market for cable logging services. The growing call for high-end products and huge investments in R&D are predicted to drive the expansion of the worldwide market. Escalating opportunities in emerging regions such as Asia-Pacific due to escalated drilling and completion activity to meet rising energy call are also predicted to drive the market positively in the near future.

Wireline Logging Services Market Challenges:

The wireline logging services market offers great opportunities outside of North America; However, its expansion depends on many reasons, including environmental objections and a subsequent ban on certain mining techniques in some countries, which are key obstacles to the expansion of this market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

10.03%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Pioneer Energy Services, Casedhole Solutions, Nabors Industries, OilServe, and Expro International Group Holdings. Other major players in the global market are Schlumberger, Baker Hughes, Halliburton, Superior Energy Services, and Weatherford International.

 

Wireline Logging Services Market

Wireline Logging Services Market Segmentation:

By hole:

  • Cased hole
  • Open hole

Escalated call for well intervention, coupled with continued developments in monitoring and evaluation, will enhance the cased wireline logging service industry. The service includes acquiring log measurements using metal pipe or well drilling during completion of operations.

By technology:

  • E-line
  • Slickline

The electronic line or e-line technology segment is predicted to see expansion due to its ability to continuously transmit operational data to the surface. The technology uses a steel armoured electrical cable and varies depending on the number of electrical conductors and the resistance of the cable.

Wireline Logging Services Regional Analysis:

  • North America Wireline Logging Services Industry includes U.S, Canada.
  • Europe Wireline Logging Services Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
  • Asia Pacific Wireline Logging Services Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
  • Latin America Wireline Logging Services Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
  • Middle East & Africa Wireline Logging Services Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

Today, North America dominates the market for wireline logging services. This dominance is primarily due to a continuous and significant increase in exploration and production activity in the United States. The recovery and expansion of new and unconventional hydrocarbons are important reasons for market expansion. North America is the leading region in the worldwide market for wireline logging services. Expansion in the United States is driven primarily by the exploration of new market niches, favorable government regulations, shale gas reserves, and unconventional hydrocarbon recovery. The United States is predicted to become a powerful country worldwide due to the high production of natural gas and the emergence of sources of shale and compact sands; It is also predicted to boost the worldwide market for wireline logging services. Asia-Pacific contributed to the largest market share by dominating the world market. The Middle East is the fastest growing region in the world due to favorable expansion opportunities in the drilling business.

The worldwide market for wireline logging services is predicted to experience a significant expansion rate during the forecast period due to an increase in crude oil production worldwide. For example, Russia has a very large production of crude oil and gas due to recent developments in the exploration and production of both conventional and unconventional resources. Additionally, drilling and completion activities require a specialized set of technologies for drilling and construction and completion of wells to enable higher production rates. These factors will drive the market for wireline operating services across the world.

Wireline Logging Services Market Key Players:

  • Pioneer Energy Services,
  • Casedhole Solutions,
  • Nabors Industries,
  • OilServe,
  • Expro International Group Holdings.

 

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                       

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling    

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary              

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                    

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                   

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Wireline Logging Services Market, By Hole                 

                             6.1.1 Cased Hole            

                             6.1.2 Open Hole             

                             6.1.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.1.4 Y-o-Y Growth Rate Analysis            

                             6.1.5 Market Attractiveness Index          

              6.2 Wireline Logging Services Market, By Technology                   

                             6.2.1 E-Line       

                             6.2.2 Slickline   

                             6.2.3 Market Size Estimations & Forecasts (2019-2024) 

                             6.2.4 Y-o-Y Growth Rate Analysis            

                             6.2.5 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region                            

              7.2 North America - Market Analysis (2018 - 2024)                        

                             7.2.1 By Country            

                                           7.2.1.1 USA

                                           7.2.1.2 Canada

                             7.2.2 By Hole    

                             7.2.3 By Technology      

              7.3 Europe                      

                             7.3.1 By Country            

                                           7.3.1.1 UK

                                           7.3.1.2 France

                                           7.3.1.3 Germany

                                           7.3.1.4 Spain

                                           7.3.1.5 Italy

                                           7.3.1.6 Rest of Europe

                             7.3.2 By Hole    

                             7.3.3 By Technology      

              7.4 Asia Pacific                

                             7.4.1 By Country            

                                           7.4.1.1 China

                                           7.4.1.2 India

                                           7.4.1.3 Japan

                                           7.4.1.4 South Korea

                                           7.4.1.5 South East Asia

                                           7.4.1.6 Australia & NZ

                                           7.4.1.7 Rest of Asia-Pacific

                             7.4.2 By Hole    

                             7.4.3 By Technology      

              7.5 Latin America                         

                             7.5.1 By Country            

                                           7.5.1.1 Brazil

                                           7.5.1.2 Argentina

                                           7.5.1.3 Mexico

                                           7.5.1.4 Rest of Latin America

                             7.5.2 By Hole    

                             7.5.3 By Technology      

              7.6 Middle East and Africa                       

                             7.6.1 By Country            

                                           7.6.1.1 Middle East

                                           7.6.1.2 Africa

                             7.6.2 By Hole    

                             7.6.3 By Technology      

8. Key Player Analysis                                

              8.1 Pioneer Energy Services                     

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Casedhole Solutions                            

              8.3 Nabors Industries                  

              8.4 OilServe                     

              8.5 Expro International Group Holdings              

              8.6 Schlumberger                         

              8.7 Baker Hughes                         

              8.8 Halliburton               

              8.9 Superior Energy Services                    

              8.10 Weatherford International              

9. Market Outlook & Investment Opportunities                             

Appendix                                       

              List of Tables                   

              List of Figures                 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Wireline Logging Service Market By Region, From 2020-2025 ( USD Billion )
  2. Global Wireline Logging Service Market By Hole, From 2020-2025 ( USD Billion )
  3. Global Cased Hole Market By Region, From 2020-2025 ( USD Billion )
  4. Global Open Hole Market By Region, From 2020-2025 ( USD Billion )
  5. Global Wireline Logging Service Market By Technology, From 2020-2025 ( USD Billion )
  6. Global E-Line Market By Region, From 2020-2025 ( USD Billion )
  7. Global Slickline Market By Region, From 2020-2025 ( USD Billion )

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