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North America Seismic Services Market Trends

Report ID: GMI8828
Published Date: Apr 2024
Report Format: PDF

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North America Seismic Services Market Trends

North America seismic services industry is growing at a substantial rate owing to factors including increasing adoption of advanced seismic imaging technologies, such as 3D and 4D seismic surveys, to enhance exploration efficiency and accuracy. Additionally, there's a growing focus on environmentally friendly seismic acquisition techniques to mitigate ecological impacts. Moreover, rising demand for reservoir characterization services and integrated interpretation solutions to optimize exploration and production activities drives innovation and collaboration among seismic service providers in North America.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America seismic services was reached USD 3.2 billion in 2023 and is anticipated to grow at 6.1% CAGR from 2024 to 2032, driven by increasing exploration and production activities in unconventional oil & gas reservoirs, such as shale formations.

North America seismic service market from the oil & gas segment is anticipated to grow at over 5.5% CAGR till 2032, fueled by increasing exploration and production activities, particularly in unconventional shale formations such as those found in the Permian Basin and Bakken Formation.

The U.S. seismic services market is projected to grow at over USD 4.7 billion by 2032, attributed to the growing demand for hydrocarbon reserves replenishment and the adoption of enhanced oil recovery techniques stimulate investment in seismic surveys.

Abitibi Geophysics, CGG, Echo Seismic Ltd., Fugro, Getech Group plc, Halliburton, INOVA Geophysical, PGS, Paradigm Group B.V., Ramboll Group A/S, SAExploration, Synterra Technologies, Spectrum Geophysics, SLB, TGS and Weatherford