Wireline Logging Services Market Research Report - Global Forecast 2030

Wireline Logging Services Market Research Report: Information by Hole Type (Cased Hole Type and Open Hole Type), Wireline Type (Slickline and E-Line), and Region (the Americas, Europe, Asia-Pacific, the Middle East & Africa) – Forecast till 2030

ID: MRFR/E&P/6233-HCR | November 2022 | Region: Global | 111 Pages         

Wireline Logging Services Market

Wireline Logging Services Market share is expected to grow at USD 9.06 Billion by 2027, 3.52% CAGR during the forecast period.

Segmentation

By Hole Type Cased Hole Type Open Hole Type
By Wireline Type Slickline E-Line

Key Players

  • Baker Hughes a GE company
  • Casedhole Solutions
  • Expro International Group Holdings Ltd
  • Halliburton
  • Nabors industries ltd.
  • Oilserv
  • Pioneer Energy Services
  • Superior Energy Services
  • Schlumberger
  • Weatherford International Inc

Drivers

  • Rising horizontal wells
  • High demand for real time logging
  • New technologies in the shale gas exploration
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Wireline logging services market is expected to grow at  USD 9.06 Billion, 3.52% CAGR during the forecast period 2022-2030.


Wireline Logging Services Market Scenario


Wireline logging solutions use an electrical conductor to descend instruments into the borehole and capture resource data in real-time. Wireline tracking is a common method for charting a resource and its related hydrocarbons because it can offer critical knowledge that helps in effective and optimized pumping procedures. The supplies and materials are either dropped through an accessible or chambered into the boreholes.


Oilfield business owners like Halliburton (US) supply wireline recording solutions to oil and gas industries like Royal Dutch Shell (The Netherlands). These are commonly employed at all phases of a well's lifetime, covering research, boring, finishing, output, treatment, and so on. By 2019, the wireline logging services market is valued at $25.46 billion, with a strong yearly rate of increase of 10.3 percent from 2014 to 2019.


Rising horizontal wells, high demand for real time logging, and new technologies in the shale gas exploration are some of the factors driving the global wireline logging services market. Since the all-time decline of the oil & gas industry in the year 2016, field services activities have rebounded and are expected to grow at an average rate of 4% by 2021. Moreover, the exploitation of shale resources in the US, have raised the demand for high specification rigs in order to enable drilling of long horizontal wells. In Asia-Pacific, almost 50 oil & gas fields with collective resources of 4 Bboe in Southeast Asia are expected to be approved for development between 2019 and 2020. Such developments in North America and Asia-Pacific are likely to drive the market of wireline logging services.


Wireline Logging Services Market Key Players


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


Industry News



  • The much more significant market factors are the significant opportunity in recoverable resources as well as improved oil extraction. Wireline logging services are becoming more important as the attention turns to unconventional gas extraction. Natural gas is recommended as a transitory fuel since it serves as a link between alternative and renewable energy supplies. This is beneficial to the global natural gas market and, as a result, to the industry for wireline logging solutions. As the cost of energy in developing countries such as India and Brazil grows, meeting that need would boost the industry's growth potential.

  • North America has the largest cable logging segment growth, with Schlumberger (US), Halliburton (US), Baker Hughes (US), and several micros and large businesses operating there. While the North American wireline service sector is maturing, other geographical areas are growing at a healthy rate, because of fresh hydrocarbon deposits being discovered. The wireline logging services industry is dominated by North America. This supremacy is mostly due to the United States' continual and significant increase in exploration & development efforts.


Wireline Logging Services Market Segmentation


The global wireline logging services market has been segmented based on hole type, wireline type, and region. On the basis of hole type, the market 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 because the measurements are not obstructed, and it can be done during or after the well drilling.Wireline Logging Services Market


The global wireline logging services market is projected to grow at a significant growth rate during the forecast period due to a potential increase in recoverable resources and increased exploration and production in the developing regions, including Asia-Pacific and the Middle East & Africa. Currently, natural gas is considered the transitional fuel and has industrial, marine, and transportation, and other applications. Being an integral part of drilling and exploration activities, the demand for wireline logging services will increase with the growth of exploration activities.


Wireline Logging Services Market Regional Analysis


Global wireline logging services market is expected to witness a significant growth rate during the forecast period due to an increase in crude oil production, worldwide. For instance, Russia has a very large production of crude oil and gas due to the recent developments in exploration and production of both conventional and unconventional resources. Also, drilling and completion activities require a specialized set of technologies for drilling and well construction and completion in order to accommodate higher production rates. Such factors will drive the wireline logging services market.


Wireline logging is a process involving the use of electric instruments in order to measure the properties of a formation, while taking the decisions regarding the drilling and production operations. Additionally, wireline logging services involve large fleet of logging trucks, offshore units. Logging tools, and pressure control equipment provide a wide variety of open-hole and cased-hole logging services. Also, wireline logging services include analyzing the actionable wireline data and flawless service execution from early field exploration to mature-field production. By using various kinds of proprietary technologies and conveyance systems, many oilfield operators are able to access the productivity, diagnose downhole issues, design an efficient completion, and inform infill drilling programs.


There are various equipment and resources involved in the entire process of wireline logging services. Such equipment and resources include dual purpose wireline logging units and logging tools, wireline tractors, production logging, electro magnetic thickness, non-explosive setting tools, non-explosive cutters & tubing punchers, mechanical cutters, TCP, wireline & coiled tubing perforation, and HT logging tools for geothermal wells.



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2027: USD 9.06 Billion
  • 2030: Significant Value
  •   CAGR   3.52% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Hole Type and Wireline Type
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Baker Hughes, a GE company, Casedhole Solutions, Expro International Group Holdings Ltd, Halliburton, Nabors industries ltd., Oilserv, Pioneer Energy Services, Superior Energy Services, Schlumberger, and Weatherford International Inc
      Key Market Opportunities   New product launches and R&D amongst major key players
      Key Market Drivers

  • Rising horizontal wells
  • High demand for real time logging
  • New technologies in the shale gas exploration


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    Frequently Asked Questions (FAQ) :

    A 3.52% CAGR is predicted to stimulate the market in the impending period.

    Baker Hughes, a GE company, Casedhole Solutions, Expro International Group Holdings Ltd, Halliburton, Nabors industries ltd., Oilserv, Pioneer Energy Services, Superior Energy Services, Schlumberger, and Weatherford International Inc, and others are the top players in the industry.

    Superior Energy Services, Schlumberger, Pioneer Energy Services, and Weatherford International Inc. are driving the market growth considerably.

    The elevated demand for real time logging is predicted to transform the market in the upcoming period.

    The low level of exploration activities is expected to reduce the development of the market.