Wireline Services Market Revenue Analysis, Size, Share, New Advancement in Technology, Growth Opportunities by Forecast to 2023

Wireline Services Market is Expected to Expand at ~2.5% CAGR
Wireline Services Market Research Report by Application, by Type, by Well Type (cased wells and open wells), by Location (onshore and offshore) and by Region | Global Wireline Services Market is Expected to Expand at ~2.5% CAGR during the Forecast Period.

Wireline Services Market Highlights:-

The wireline service include cabling technology used by oilfield developers to reduce the number of equipment or measurement devices inside the well. Advantages of deployment of wireline services include evaluation of rock properties, information gathering for pore size, pressure gathering for production fluid formation, sample recovery, location casting rollers. Oilfield service providers are using innovative technology in wireline cabling technology for introducing down or lifting any type of instrument or equipment in and out of the wellbore.  The main functions performed by wireline services include intervention, well completion, pipe recovery, and evaluation of reservoirs.

Wireline Service Market is expected to expand due to various factors that drive the market. The factors include, oil price recovery, increasing oil exploration and field development activities, rising number of mature oil wells. For instance, there has been a significant discovery by Westwood Energy Group in offshore deep-water in Atlantic region in Guyana. 

  

Top Key Players for Wireline Services Market:-

  • GE Oil and Gas
  • Weatherford International 
  • Schlumberger 
  • Superior Energy Services
  • Energy Services Corp. 
  • C&J Energy Services Ltd.
  • National Oilwell Varco, Inc. 
  • Halliburton 
  • Basic Energy Services, Inc.
  • Expro International Group Holding Ltd. 

 

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Global Wireline Services Market – Segments

Global wireline services market is segmented on the basis of application, type, well type, location and region. Based on application, the market is further segmented into completion, intervention and logging. Amongst these segments, completion segment holds the largest share due to improved efficiency of wireline services over conventional well completion tools. On the basis of type, market is classified as electric lines and slicklines. E-lines or electric lines segment has major market share in the wireline system market due to the distinction in application in well logging purposes as they are regarded as appropriate for reservoir understanding and field development activity. 

 

Major Points From TOC:-

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

4 Market Dynamics

5 Global WIRELINE SERVICES, By Application

6 Global WIRELINE SERVICES, By Type

7 Global WIRELINE SERVICES, By Well Type

8 Global WIRELINE SERVICES, By Location

9 Global WIRELINE SERVICES, By Region

10 Competitive Landscape

11 Company Profile

12 Conclusion

13 Appendix

14 List Of Tables

15 List Of Figures

 

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Global Wireline Service Market:-

Global wireline services market is expected to observe phenomenal growth during the forecast period owing to increasing exploration and drilling activities and recovery of oil prices after price shock of 2014. North America region has held for the largest market share in wireline services market, in 2017. In North America region exploration activities and rock study activities for shale oil, oil sands, and carbonate rocks are rising. For an instance the production of shale oil in 2017 was 4.67 million barrels, which contributed half of the total oil production from U.S. Asia Pacific and Africa region are likely to lead to the growth of wireline services market. Major growth attributors are discoveries in the Gulf of Thailand, and South China Sea from Asia Pacific and Mediterranean Sea and Egypt desert from Africa. 

 

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