Logging While Drilling (LWD) Market research report provides an analytical measurement of the main challenges faced by the business currently and in the upcoming years. This market report also offers a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, and gross margin. Proficient capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to generate this world-class market research report. This Logging While Drilling (LWD) Market report is specially designed by keeping in mind the customer requirements which will ultimately assist them in boosting their return on investment (ROI).
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Logging While Drilling (LWD) is a system that is applied in oil fields. LWD system is used to get real-time data during the drilling of the oil wells. LWD tools are used to determine the physical properties of the bore well, such as porosity, conductivity, density, saturation, and others. Measurements by the LWD system provide accurate information about the geological formation while drilling. The real-time data regarding the physical properties of the well enables the operator to determine the rate of the penetration of the drilling machine, optimize the process and make decisions accordingly. LWD tools help to enhance the drilling activity and to improve the overall performance of the process. LWD system can be used for onshore as well as offshore purposes.
The rise in industrialization and urbanization all over the world is propelling the demand for energy and power activities. The surge in deep-water and unconventional energy and power activities will also help earn high logging-while-drilling market revenues. Furthermore, the accelerating demand for technical expertise for cost-competitive oil and gas production is further expected to fuel the Logging While Drilling Market growth.
Logging While Drilling (LWD) Market Competitive Landscape:
Halliburton Company
Baker Hughes Company
Schlumberger Limited
Weatherford International Ltd.
Vallourec SA
National Oilwell Varco Inc
Scientific Drilling International, Inc
China Oilfield Services Ltd
Logging While Drilling (LWD) Market Recent Developments:
October 31, 2019 – Weatherford International plc announced it has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia. The first contract spans two-and-a-half years. Operations began in July 2019 and will last through the end of 2022. The second contract is a three-year drilling services contract. Operations will begin in early 2020 with Weatherford providing LWD, MWD, RSS, geo steering, and geo-data interpretation services at the Novyi Port oilfield on the Yamal Peninsula.
July 17, 2019 – Halliburton Co. has introduced 3D reservoir mapping, a logging-while-drilling (LWD) capability that is said to provide a detailed representation of subsurface structures to improve well placement in complex reservoirs.
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Logging While Drilling (LWD) Market Key Findings:
Logging While Drilling (LWD) is a system that is applied in oil fields. LWD system is used to get real-time data during the drilling of the oil wells. LWD tools are used to determine the physical properties of the bore well, such as porosity, conductivity, density, saturation, and others. Measurements by the LWD system provide accurate information about the geological formation while drilling. The real-time data regarding the physical properties of the well enables the operator to determine the rate of the penetration of the drilling machine, optimize the process and make decisions accordingly. LWD tools help to enhance the drilling activity and to improve the overall performance of the process. LWD system can be used for onshore as well as offshore purposes.
The rise in industrialization and urbanization all over the world is propelling the demand for energy and power activities. The surge in deep-water and unconventional energy and power activities will also help earn high logging-while-drilling market revenues. Furthermore, the accelerating demand for technical expertise for cost-competitive oil and gas production is further expected to fuel the Logging While Drilling Market growth.
The outbreak of COVID-19 forced energy companies to decrease their exploration and drilling activities and development expenditure, which reduced the demand for oil field services. The following factors have miserably affected the market and are the major factors hindering market growth.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is expected to dominate the logging while drilling (LWD) market and is expected to grow at a significant rate over the forecast period.
Logging While Drilling (LWD) Market Regional Analysis:
North America to Dominate the Market
North America is expected to dominate the logging while drilling (LWD) market and is expected to grow at a significant rate over the forecast period.
Increasing oil and gas drilling and completion activities in the region are expected to increase the demand for logging while drilling (LWD) market over the forecast period in the North American region.
Scope of the Logging While Drilling (LWD) Market Report:
Logging While Drilling (LWD) Market is segmented into various segments such as the location of deployment and region:
On the basis of the location of deployment
Onshore
Offshore
On the basis of Type
Electromagnetic logging
Acoustic logging
Nuclear magnetic resonance (NMR) logging
Nuclear logging
On the basis of region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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