Market Report, "Wireline Services Market - Global Trends & Forecast to 2019", published.
This report estimates the wireline services market in terms of value in $million. This has been broken down into component regions and further split into countries.
Wireline services are required throughout the lifecycle of an oil and gas well. The ever increasing exploration and production activities across the globe and new areas of unconventional resources are the main drivers for the growth of the wireline services market. However, issues associated with the environment, and increased seismic activities have slowed down the growth of this market.
The growth of wireline market is directly proportional to the on-going drilling and completion activities around the world. On the basis of various factors such as geological condition, type of reservoir, and others, different types of wireline services are required to assist the drilling and completion activities.
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The growth in drilling and completion activities is attributed to the continuous increase in world energy demand. These activities are expected to grow further as the world energy demand from oil would reach around 4 GTOE by 2020. This rise in energy demand has resulted in increased drilling and completion activities in all parts of the world. This has also put pressure to extract more from each well and thus, further deep exploration is done. This increase in drilling and completion activity increases the requirement of wireline services.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of the global wireline services market. The primary sources-experts from industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the wireline services market.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include Baker Hughes (U.S.), Superior Energy Services (U.S.), Halliburton (U.S.), Schlumberger (U.S.), and Weatherford International Inc. (U.S.), and others.
The North American market share is about 45% of the global wireline services revenue. In North America, The U.S. is the largest market and is led by Halliburton, Schlumberger, Baker Hughes, and Superior Energy Services. Chinese players and few Asian players are expected to grow in the near future.
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|Article Type:||Industry overview|
|Date:||May 28, 2014|
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