1. Business

What Factors Impacting Wireline Logging Services Market Growth?

Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

Wireline logging services are cabling technologies employed prominently in the oil & gas industry for measurement of properties of a formation during drilling and production. Market Research Future (MRFR) predicts the scope of the global wireline logging services market growth by sizing the revenue and growth trajectories with the assistance of drivers, challenges, niches, and opportunities in the industry for the period of 2019 to 2024 (forecast period). The COVID-19 pandemic and its effects are explored in the report.

Market Scope

The global wireline logging services market size is expected to grow at 9.40% CAGR during the forecast period. Increasing activities in shale gas exploration is the primary driver of the market. The execution of drilling from field exploration to the maturity of oil wells can demand the market demand significantly. Oilfield operators can diagnose downhole issues, inform drilling programs, and ensure efficient completion.

Rise of horizontal wells and demand for real time logging can further propel the demand for accurate statistics and create an opportunity for the market. The decline of the oil & gas sector since 2016 can hamper the market but the renewal of licenses of various oil E&P companies can lead to a resurgence of the market. Asia Pacific has fifty oil & gas fields and be ripe for extraction during the period of 2019 to 2020. Developments in wireline logging for mapping of hydrocarbon reserves and ability of placing wells in reservoirs for faster extraction can bolster the market demand. The Array Dielectric Xplorer by Baker Hughes has advanced sensors for recognizing saturation levels of hydrocarbons and contains additional sensors for providing resistivity and permittivity values.


On the basis of hole type, the wireline logging services market analysis has been segmented into cased hole type and open hole type. The open hole type segment dominates the market due to its common use as a logging method with no deviations in measurements and it can be done during or after the well drilling. On the flip side, the cased hole can be used in identifying formations behind pipes and pinpoint missed oil and gas zones.

By wireline type, it is divided into 2 segments, slickline and e-line. The e-line segment is bound to dominate the market owing to the use of electrical cables for lowering and retrieval of tools in the wellbore and transmit data on the conditions of the well through logging tools. On the other hand, the slickline segment is also expected to garner revenues for the market owing to its utilization of deliverance and retrieving of tools. 

Regional Analysis

North America held the lion’s share of the global wireline logging services market demand owing to the large energy demand and continuous drilling and production of shale gas. New and unconventional methods for extraction of hydrocarbons require wireline logging services. Investments in offshore exploration activities can drive the demand in the market till 2022.

Europe accounted for the largest market share in 2016 due to the presence large industrial sectors such as food and beverages, automobiles, and pharmaceuticals. Russia can be a major contributor to the global wireline logging services market owing to production of conventional and unconventional resources. The requirement for drilling activities can induce the demand for wireline logging services during the assessment period.

Competitive Outlook

Superior Energy Services, Schlumberger, Expro International Group Holdings Ltd, Oilserv, Pioneer Energy Services, Casedhole Solutions, Nabors industries ltd., Weatherford International Inc., Halliburton, and Baker Hughes are key players in the global wireline logging services market.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/wireline-logging-services-market-7702

Related Reports:-

Control Valve Market Research Report – Global Forecast   till 2027

Hydraulic Components Market Research Report – Global Forecast   till 2027

Digital Water Solutions Market Research Report – Global Forecast   till 2027

Residential Solar Energy Storage Market Research Report – Global Forecast   till 2027

Green Hydrogen Market Research Report – Global Forecast   till 2027

Oilfield Casing Spools Market Research Report – Global Forecast   till 2027

Electronic Load Market Research Report – Global Forecast   till 2027

Thin Film Photovoltaic Market Research Report – Forecast to 2027

Biomass Power Market Research Report – Global Forecast   till 2027

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


Market Research Future

528, Amanora Chambers, Magarpatta Road, Hadapsar

Pune – 411028, Maharashtra, India

Email: sales@marketresearchfuture.com



Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe