LONDON, Jan. 12, 2016 /PRNewswire/ -- This report forecasts the wireline services market in terms of value in USD Million ($ Million). This has been segment into component regions, which has been further split into countries.
The oil and gas industry witnessed high growth in the oilfield services since the financial crisis in 2009 as the oil and gas production increased and the oil prices remained well over $100/barrel. This changed in June 2014 when the oil and gas production exceeded the demand resulting in rapid decline in the crude oil price which fell by 55% over a six month period. The resulting effect was widespread decline in exploration activities which provided little growth for the related oilfield service. On the other hand, the production has still continued to rise most notably from the U.S. and Saudi Arabia. Wireline services form an integral part of the entire well lifecycle as they can be used in reservoir evaluation, completion, intervention, and abandonment phases. The wireline services are easily and quickly deployed, and are least expensive among all well intervention methods. Furthermore, increase in mature oilfields in regions such as Asia-Pacific and Europe offer further demand increase for wireline services over the next five years.
Wireline services involve the running and pulling of downhole tools and equipment in and out of the well bore through a braided wire which mounted on a powered reel installed on a truck or on a self-contained skid. A wireline unit typically consists of a wireline reel, power supply, and associated control and connection equipment. Wireline services can be used for operations such as well logging, gas lift valve repair, perforation, zonal isolation, well stimulation, sand washing, and setting/pulling tubing plugs. Wireline services have been classified on the basis of the wireline type into Electric Line and Slick Line which differ on the basis of their ability to conduct electrical signals through them.
The size of the overall market has been determined by forecast techniques based on region-wise E&P capital expenditure along with the well count and oil and gas production in different regions, which have been validated through primary sources. The market is growing at a CAGR of approximately 6.5% from 2015 to 2020.
This report also includes the profiles for leading wireline services providers, and equipment manufacturers, such as:
Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S), Weatherford International (Ireland), Superior Energy Services (U.S.), C&J Energy Services (U.S.), Expro International (U.K.), Pioneer Energy Services (U.S.), Oilserv (Iraq), National Oilwell Varco (U.S.), Wireline Engineering Limited (U.K.), Basic Energy Services (U.S.), and Archer Limited (U.K.).
Scope of the report: This study estimates the global market of wireline services, in terms of value, till 2020. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. The report also covers various important aspects of the market. These include analysis of value chain, Porter's Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the wireline services market.
Various secondary sources have been used such as encyclopedias, directories, and databases to identify and collect information that is useful for this extensive commercial study of the global wireline services market. The primary sources experts, manufacturers, and utility providers from the industry have all been interviewed to obtain and verify critical information, as well as assess future prospects of the global wireline services market.
On the basis of wireline type: Electric Line, and Slick Line.
On the basis of applications: Onshore, and Offshore.
On the basis of regions: North America, Europe, South America, Asia-Pacific, Africa, and the Middle East.
On the basis of service type: Completion, Intervention, and Logging.
On the basis of hole type: Cased Hole, and Open Hole.
Download the full report: https://www.reportbuyer.com/product/3131193/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers