Slickline Services Market Research Report - Global Forecast until 2027

Slickline Services Market Research Report: Information By Slickline Tools (Pulling Tools, Gauge Cutter, Downhole Bailer, Bridge Plug and Others), By Application (Offshore and Onshore) and Region (North America, Europe, Asia-Pacific, the Middle East & Africa and South America) - Forecast till 2027

ID: MRFR/E&P/8678-HCR | February 2021 | Region: Global | 111 pages

Slickline Services Market Scenario


Slickline Services Market is expected to witness high growth during the forecast period owing to the increasing oil & gas exploration across the world.


The major factors driving the growth of the global slickline services market are the increasing oil & gas exploration and growing efforts towards oil & gas production in mature oilfields. According to the BP Statistical Review of World Energy 2019, the global oil production grew from 92,502 thousand barrel per day (TBPD) in 2017 to 94,718 TBPD in 2018; the global natural gas production grew from 3,677.7 billion cubic meters (BCM) in 2017 to 3,867.9 BCM in 2018. The growth in production of oil and gas can be attributed to the improving global economic conditions. Also, as per the same report, the use of natural gas for electricity generation grew from 5,952.8 terawatt-hour (TWh) in 2017 to 6,182.8 TWh in 2018. The production is expected to grow during the forecast period. In line with the increase in the production of natural gas, the growth in demand for oil and gas has led to an increase in exploration and production (E&P) of oil and gas globally. However, process complexities involved in the slickline services can restrict the growth of the global market.


Many oil & gas companies, such as Schlumberger Limited (US) and Halliburton (US), are focusing on E&P of oil and gas across the world. For instance, in October 2017, Schlumberger, along with Torxen Energy (Canada), signed an agreement with Cenovus Energy Inc. (Canada) to purchase Palliser Block in Canada for carrying out E&P of oil and gas in Canada. Moreover, in August 2019, Halliburton (US) signed a contract with Woodside (Australia) for drilling and completion services of offshore SNE Field, located in Senegal, Africa, for E&P of oil and gas. Such developments are expected to increase the demand for slickline services for retrieving and delivering downhole hardware owing to increasing oil and gas production. Furthermore, as per the data of Baker Hughes, a GE Company (US), the worldwide rig count increased from 2029 rig counts in 2017 to 2211 rig counts in 2018, signifying an increase in the use of slickline services. Such developments have led to an increased demand for slickline services, as these services are being used in the production stage of oil and gas and to further drive the growth of the global slickline services market during the forecast period.


The global slickline services market has been segmented based on slickline tools and application. Based on the slickline tools, the market is divided into pulling tools, gauge cutter, downhole bailer, bridge plug, and others. The pulling tools segment is projected to hold the largest share of the market and grow at the highest rate during the forecast period because these tools are used for retrieving seated components such as plug prongs. Almost all pulling tools are equipped with a safety feature so they may release a stuck tool and allow the tool string to be brought to the surface for changes in components. All these factors are responsible for the pulling tools segment holding the highest market share.


Key Players


The key players operating in the global slickline services market are Schlumberger Limited (US), China Oilfield Services Limited (China), Halliburton Company (US), Weatherford International Plc. (US), Baker Hughes Company (US), AOS Orwell Ltd. (Nigeria), Archer Ltd. (UK), Expro Holdings UK 2 ltd. (UK), National Oilwell Varco (US), Superior Energy Services Inc. (US), Reliance Oilfield Services (US), Altus Intervention (Norway), National Energy Services Reunited Corp (US), HLS Asia Limited (India), and Wellmax (India).


Market Segmentation
Slickline Services Market


Based on region, the global slickline services market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. North America is estimated to hold the major market share during the forecast period owing to the increasing per capita energy consumption and E&P of oil and gas in the region. According to the data of Baker Hughes International Rig Count, 2019, the rig count in North America increased to 1,223 rig counts in 2018 from 1,082 in 2017. The increase in E&P of oil and gas drives the demand for slickline services as these services are used in retrieval and delivery of downhole tools and helpful in oil and gas production. Furthermore, according to the Annual Energy Outlook 2019, the US is expected to become a net energy exporter by 2020 owing to the rise in the production of oil and gas in the country. Moreover, as per the report, crude oil production is expected to reach 14.0 million barrels per day (b/d) by 2040. Thus, the increasing E&P of oil and gas is expected to drive the demand for slickline services in North America during the forecast period.


Intended Audience



  • Government and Research Organizations

  • Consulting Companies in the Oil & Gas Industry

  • Research Consultants

  • Investors and Shareholders


Slickline refers to a single strand wire or cable that is launched into a well to deliver or retrieve downhole hardware. The hardware components include plugs, valves, gauges, and other tools that can be adjusted through slickline tools. Slickline services are a part of retrieving downhole tools. Slickline services include operations such as maintenance, removal of downhole waste, terminating flow, and setting up hydraulic packers using sealing plugs. The use of slickline units provides a variety of well intervention services and measurements that are essential during the time a well is in production. Additionally, slickline services can measure the depth of the well and well perforation.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2019-2026: Substantial CAGR
  Base Year   2018
  Forecast Period   2027
  Historical Data   2017
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Slickline Tools, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Schlumberger Limited (US), China Oilfield Services Limited (China), Halliburton Company (US), Weatherford International Plc. (US), Baker Hughes Company (US), AOS Orwell Ltd. (Nigeria), Archer Ltd. (UK), Expro Holdings UK 2 ltd. (UK), National Oilwell Varco (US), Superior Energy Services Inc. (US), Reliance Oilfield Services (US), Altus Intervention (Norway), National Energy Services Reunited Corp (US), HLS Asia Limited (India), and Wellmax (India).
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Extraction of oil and gas from mature fields and efforts to increase oil & gas exploration


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Frequently Asked Questions (FAQ) :


Extraction of oil and gas from mature fields and efforts to increase oil & gas exploration are major growth drivers of the global slickline services market.

Pulling tools can generate huge returns for the global slickline services market.

North America can lead in the global slickline services market.

OS Orwell Ltd., National Oilwell Varco, HLS Asia Limited, Reliance Oilfield Services, Expro Holdings UK 2 ltd., Baker Hughes Company, Archer Ltd., Wellmax, Altus Intervention, Halliburton Company, Superior Energy Services Inc., Schlumberger Limited, National Energy Services Reunited Corp, China Oilfield Services Limited, and Weatherford International Plc. are prominent names in the global slickline services market.

Agreements and contracts are strategies are employed by players of the global slickline services market.