Wireline Logging Services Market Size

Wireline Logging Services Market Size

Wireline Logging Services Market size surpassed USD 14 billion in 2014 and is anticipated to witness growth of over 6% from 2015 to 2022.

Wireline logging services market will witness growth on account of surging investments toward exploration of geothermal, mineral and oil & gas resources. Nuclear magnetic resonance, logging while drilling (LWD), gamma ray and measurement while drilling (MWD) are some of the key leading techniques used across the industry. In addition, steady oil demand along with soaring investments toward the development of energy infrastructure will further boost product deployment over the forecast timeline.

Growing demand for real time logging, with increasing potential of recoverable resources and rising energy applications will influence the technology growth. In addition, ongoing technological advancements and evolving industry standards will further augment the business outlook. Moreover, the rising production activities coupled with declining profit margin across the oil field services will fuel the wireline logging services market adoption.
 

Increasing investments to stimulate deep and ultra-deep drilling activities will significantly drive the industry outlook. Recent advancements across wireline logging and logging-while drilling technology have substantially enhanced the industry’s capability to place wells in the reservoir, assess adjacent formations, and comprehend targeted reservoirs.