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Base Year: 2024
Companies covered: 18
Tables & Figures: 19
Countries covered: 18
Pages: 124
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Seismic Services Market
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Seismic Services Market Size
The global seismic services market was estimated at USD 8.6 billion in 2024 and is estimated to reach the value of USD 15.7 billion by 2034, growing at a CAGR of 6.2% from 2025 to 2034. Evolving energy exploration strategies, new subsurface imaging technologies, and advances in geophysical technologies are primary drivers of change in the market.
Exploration and production optimization requirements increase the deployment of advanced seismic data acquisition, processing, and interpretation methods aimed at maximizing data detail and utility. For example, in January 2023, TGS and CGG announced the Phase II Foz do Amazonas 3D multifueled client survey offshore Brazil. This survey, with its 11,425 square kilometer coverage area, is intended to improve seismic coverage as well as to generate and provide advanced data and imagery in the Equatorial Margin basin for further exploration.
Energy policies, environmental regulations, and investment patterns in both oil and gas and renewable sectors influence market dynamics. The implementation of digital platforms and integrated seismic solutions improves operational efficiency and data accuracy.
Crude oil price fluctuations and geopolitical and economic uncertainties affect exploration activities and seismic services demand. The partnership of service providers with energy companies continues to be crucial for the growth of the market.
For example, in February 2024, PGS obtained a Mediterranean 3D seismic acquisition contract with a major energy company. Current operations using the Ramform Hyperion vessel started in March and are anticipated to be completed within 30 days, which will help PGS strengthen its foothold in the Mediterranean.
The expected future effects of the tariffs placed by the Trump administration on the seismic services industry is an increase in project budgets due to the higher prices of the raw materials and equipment. Further innovation would be stagnated due to the access to many specialized ports of international cooperation which are crucial for advanced innovation.
Seismic Services Market Trends
Seismic Services Market Analysis
Seismic Services Market Share
The top six companies in the seismic services industry include SLB, CGG, PGS, TGS, Halliburton, and China Oilfield Services Limited, which collectively held above 40% market share in 2024. These companies maintain a robust competitive advantage due to their international business activities, sophisticated data handling systems and existing client base. They are strategically placed within the energy sector because of their expertise in providing offshore and inshore seismic services and solutions.
SLB holds the dominant share of seismic services markets due to its unparalleled geographical presence, extensive portfolio of services offered, and significant spending towards AI seismic imaging and 4D survey technologies. Leading integrated solutions and strategic alliances along with a strong presence in all operational oil and gas basins enhance its market competitiveness that helps to locate resources economically and retain customers for years.
In August 2022, Microsoft and Schlumberger collaborated to offer DELFI Seismic Processing, a solution in the cloud on Azure. It is based on the OSDU Data Platform and accelerates subsurface imaging by improving the precision of seismic workflow components and aiding in the energy transition by capturing and storing carbon.
Seismic Services Market Companies
Major companies operating in the seismic services market include:
Seismic Services Industry News
This seismic services market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million” from 2021 to 2034, for the following segments:
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Market, By Survey Type
Market, By End Use
The above information has been provided for the following regions and countries: