Wireline Logging Services Market Analysis

Wireline Logging Services Market Analysis

Escalating demand for well intervention along with ongoing developments in monitoring and evaluation will enhance the cased hole wire logging service industry. Cased-hole wireline logging service comprise of procurement of logging measurements by the means of metal piping or well chasing during the completion of operations.

The open-hole services market is set to witness growth over 7% by 2022. In contrast with cased hole services, in open hole the operations are performed on the well before the wellbore is cemented. Ability to withstand at high temperature & pressure across ultra-deep-water levels are few indispensable parameters that will raise the product adoption over the forecast period.

E-line technology segment is anticipated to witness growth on account of their ability to continuously transmit logging data to the surface. The technology utilizes a steel armored electric cable and varies as per number of electrical conductors and strength of the wireline. In addition, the ability of this technology to capture real time data from reservoir monitoring, tubing inspections and cement bond logs to offer better depth control will further proliferate the wireline logging services market landscape.

Slickline service industry will witness gains on account its ability to offer cost savings coupled with provision of a greater degree of control & safer operation. The technology includes control of sliding sleeves for closing & opening the access to zones in combination with replacement of gas lift valves. In addition, measurement of temperature, depth of the well, down-hole pressures and well perforation are some of key underlying characteristics demonstrated by slickline technology which will create a favorable business scenario.

Europe is set to witness gains on account of escalating energy demand along with ongoing initiatives aimed toward the re-development of wells located across mature oil fields. Increasing exploration & production activities across shale reservoirs coupled with rising commercial viability of offshore drilling at multiple depths will enhance the industry outlook. In addition, growing demand for accurate estimation of hydrocarbon volumes will further stimulate product adoption over the forecast timeframe. For instance, in 2012, Statoil awarded a four-year contract to Schlumberger for the provision of wireline logging services across the Norwegian Continental Shelf (NCS). As per the contract, Schlumberger will provide multiple services including perforation, open-hole logging and cased-hole logging and would apply to all of Statoil’s E&P licenses on the NCS.
 

The North America wireline logging services market will witness gains owing to increasing oil & gas exploration activities across Gulf of Mexico in the U.S. Increasing investments toward the adoption of advanced technologies to raise the efficiency & productivity coupled with shifting trends toward the implementation of digital services to optimize the business processes will enhance the industry landscape. In addition, growing number of onshore & offshore wells along with rising penetration of shale gas will further proliferate the business growth.