Wireline Logging Service Market Analysis By Technology (Slickline, E-Line), By Hole Type (Open Hole, Cased Hole) And Segment Forecasts To 2022

Published: Dec, 2015 | Pages: 82 | Publisher: Grand View Research
Industry: Equipment | Report Format: Electronic (PDF)

The global wireline logging service market was valued at over USD 16 billion in 2014, according to a new study by Grand View Research, Inc. This can be attributed to the potential increase in recoverable resources and increased production & exploration. Increase in crude oil prices is estimated to result in rise in investments for exploration & production activities leading to significant new projects across the globe, which is expected to positively impact industry growth.

Technological advancements have broadened service offerings by oil & gas field service providers and improved industry efficiency. Several new technologies such as drill ships and Floating, Production, Storage, and Offloading (FPSO) vessels have enabled wells to be drilled in increasingly deep water. Additionally, the new reservoir conditions including high temperature, ultra-deep water, and high pressure require advanced logging tools and services. The aforementioned factors are projected to drive the industry demand over the next seven years.

Rise in the number of horizontal wells, demand for real-time logging, and well integrity concerns are estimated to offer significant opportunities for industry growth. However, increased seismic activities and stringent government regulations can hamper wireline logging service market.

Further key findings from the study suggest:

E-line logging segment accounted for over 55% of the revenue in 2014 and is expected to witness substantial rise in demand over the forecast period. It finds more usage as compared to the slickline products owing to its wide application across several E&P activities. Some of the factors responsible for electric line's increased adoption include its ability to transmit electric data by offering a pathway for communication between the downhole equipment and the surface.
Cased-hole logging services segment is estimated to account for over 75% of the overall industry by 2022, growing at a CAGR of over 9% from 2015 to 2022. The industry has been developing sophisticated measurements in through-casing applications. Tools such as gamma ray, spectral gamma ray, pulse neutron, and compensated neutron are used for determining water saturation.
North America dominated the market in 2014 and is expected to grow at a CAGR of over 9% from 2015 to 2022. Potential increase in recoverable resources and completion activities within North America are expected to drive the demand across this region over the forecast period.
Wireline logging service market share is occupied by companies such as Halliburton, Schlumberger, Weatherford International, Baker Hughes, Nabors Industries, and Pioneer Energy Services. Profit margins of the companies are influenced on the efficiency of their production processes. Hence, major players such as Halliburton and Schlumberger are investing heavily in R&D for improving existing technologies, maintaining their edge. For instance, in 2014, Schlumberger invested USD 1.2 billion in R&D activities, whereas Halliburton invested USD 0.6 billion, Baker Hughes 0.6 billion, and Weatherford International invested USD 0.3 billion, respectively.

Table of Content

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Wireline logging service - Industry snapshot & key buying criteria, 2012 - 2022
Chapter 3. Wireline Logging Service Industry Outlook
3.1. Wireline logging service market segmentation
3.2. Wireline logging service market size and growth prospects
3.3. Wireline logging service market value chain analysis
3.3.1. Vendor landscape
3.4. Wireline logging service market dynamics
3.4.1. Market driver analysis
3.4.1.1. Growing exploration and production (E&P) spending
3.4.1.2. Possibility of shale gas production across the globe
3.4.2. Market restraint analysis
3.4.2.1. Environmental and regulatory impact
3.5. Key opportunities - Prioritized
3.6. Industry analysis - Porter's
3.7. Wireline logging service company market share, 2014
3.7.1. Market strategy overview
3.8. Wireline logging service market PESTEL analysis, 2014
Chapter 4. Wireline Logging Service Technology Outlook
4.1. Wireline logging service market share by technology, 2014 & 2022
4.2. Slickline
4.2.1. Global market estimates and forecasts by region, 2012 - 2022
4.3. E-Line
4.3.1. Global market estimates and forecasts by region, 2012 - 2022
Chapter 5. Wireline Logging Service Hole Outlook
5.1. Wireline logging service market share by hole type, 2014 & 2022
5.2. Open hole
5.2.1. Global market estimates and forecasts by region, 2012 - 2022
5.3. Cased hole
5.3.1. Global market estimates and forecasts by region, 2012 - 2022
Chapter 6. Wireline logging service Regional Outlook
6.1. Wireline logging service market share by region, 2014 & 2022
6.2. North America
6.2.1. Market estimates and forecasts, by technology, 2012 - 2022
6.2.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.2.3. U.S.
6.2.3.1. Market estimates and forecasts, by technology, 2012 - 2022
6.2.3.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.2.4. Canada
6.2.4.1. Market estimates and forecasts, by technology, 2012 - 2022
6.2.4.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.3. Europe
6.3.1. Market estimates and forecasts, by technology, 2012 - 2022
6.3.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.3.3. Germany
6.3.3.1. Market estimates and forecasts, by technology, 2012 - 2022
6.3.3.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.3.4. UK
6.3.4.1. Market estimates and forecasts, by technology, 2012 - 2022
6.3.4.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, by technology, 2012 - 2022
6.4.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.4.3. China
6.4.3.1. Market estimates and forecasts, by technology, 2012 - 2022
6.4.3.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.4.4. India
6.4.4.1. Market estimates and forecasts, by technology, 2012 - 2022
6.4.4.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.5. Latin America
6.5.1. Market estimates and forecasts, by technology, 2012 - 2022
6.5.2. Market estimates and forecasts, by hole type, 2012 - 2022
6.6. MEA
6.6.1. Market estimates and forecasts, by technology, 2012 - 2022
6.6.2. Market estimates and forecasts, by hole type, 2012 - 2022
Chapter 7. Competitive Landscape
7.1. Baker Hughes
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.1.4. Strategic Initiatives
7.2. Casedhole Solutions
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.2.4. Strategic Initiatives
7.3. Expro International Group Holdings
7.3.1. Company Overview
7.3.2. Financial Performance
7.3.3. Product Benchmarking
7.3.4. Strategic Initiatives
7.4. Halliburton
7.4.1. Company Overview
7.4.2. Financial Performance
7.4.3. Product Benchmarking
7.4.4. Strategic Initiatives
7.5. Nabors Industries Ltd
7.5.1. Company Overview
7.5.2. Financial Performance
7.5.3. Product Benchmarking
7.5.4. Strategic Initiatives
7.6. OilServe (UAE)
7.6.1. Company Overview
7.6.2. Financial Performance
7.6.3. Product Benchmarking
7.6.4. Strategic Initiatives
7.7. Pioneer Energy Services
7.7.1. Company Overview
7.7.2. Financial Performance
7.7.3. Product Benchmarking
7.7.4. Strategic Initiatives
7.8. Schlumberger
7.8.1. Company Overview
7.8.2. Financial Performance
7.8.3. Product Benchmarking
7.8.4. Strategic Initiatives
7.9. Superior Energy Services
7.9.1. Company Overview
7.9.2. Financial Performance
7.9.3. Product Benchmarking
7.9.4. Strategic Initiatives
7.10. Weatherford International Inc
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.10.4 Strategic Initiatives

List of Tables

TABLE 1 Wireline logging service - Industry snapshot & key buying criteria, 2012 - 2022
TABLE 2 Global wireline logging service market,, 2012 - 2022 (USD Million)
TABLE 3 Global market estimates and forecast by region,, 2012 - 2022 (USD Million)
TABLE 4 Global market estimates and forecast by technology,, 2012 - 2022 (USD Million)
TABLE 5 Global market estimates and forecast by hole type,, 2012 - 2022 (USD Million)
TABLE 6 Key wireline logging service vendors
TABLE 7 Market strategy overview
TABLE 8 Wireline logging service - Key market driver impact
TABLE 9 Product Comparison
TABLE 10 Global slickline logging service demand, 2012 - 2022 (USD Million)
TABLE 11 Global slickline logging service demand by region, 2012 - 2022 (USD Million)
TABLE 12 Global E-Line logging service r demand, 2012 - 2022 (USD Million)
TABLE 13 Global E-Line logging service demand by region, 2012 - 2022 (USD Million)
TABLE 14 Global open hole logging service demand, 2012 - 2022 (USD Million)
TABLE 15 Global open hole logging service demand by region, 2012 - 2022 (USD Million)
TABLE 16 Global cased hole logging service demand, 2012 - 2022 (USD Million)
TABLE 17 Global cased hole logging service demand by region, 2012 - 2022 (USD Million)
TABLE 18 North America market by technology, 2012 - 2022 (USD Million)
TABLE 19 North America market by hole type, 2012 - 2022 (USD Million)
TABLE 20 U.S. market by technology, 2012 - 2022 (USD Million)
TABLE 21 U.S. market by hole type, 2012 - 2022 (USD Million)
TABLE 22 Canada market by technology, 2012 - 2022 (USD Million)
TABLE 23 Canada market by hole type, 2012 - 2022 (USD Million)
TABLE 24 Europe market by technology, 2012 - 2022 (USD Million)
TABLE 25 Europe market by hole type, 2012 - 2022 (USD Million)
TABLE 26 Germany market by technology, 2012 - 2022 (USD Million)
TABLE 27 Germany market by hole type, 2012 - 2022 (USD Million)
TABLE 28 UK market by technology, 2012 - 2022 (USD Million)
TABLE 29 UK market by hole type, 2012 - 2022 (USD Million)
TABLE 30 Asia Pacific market by technology, 2012 - 2022 (USD Million)
TABLE 31 Asia Pacific market by hole type, 2012 - 2022 (USD Million)
TABLE 32 China market by technology, 2012 - 2022 (USD Million)
TABLE 33 China market by hole type, 2012 - 2022 (USD Million)
TABLE 34 India market by technology, 2012 - 2022 (USD Million)
TABLE 35 India market by hole type, 2012 - 2022 (USD Million)
TABLE 36 Latin America market by technology, 2012 - 2022 (USD Million)
TABLE 37 Latin America market by hole type, 2012 - 2022 (USD Million)
TABLE 38 MEA market by technology, 2012 - 2022 (USD Million)
TABLE 39 MEA market by hole type, 2012 - 2022 (USD Million)