Press release
Wireline Services Market is the Biggest Contributor To Worldwide Growth Including Expro, Superior Energy Services, Weatherford, Baker Hughes, a GE company, Nabors Industries, Schlumberger, C&J Energy Services, Pioneer Energy, OilSERV & Halliburton
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In the oil and gas field, wireline services incorporate the cabling technology, which is utilized by well operators, to limit the number of equipment and devices used in wells. These services are used in exploration activities for well intervention, reservoir evaluation, and pipe recovery.
The market is categorized into wireline services for cased and open holes. Globally, the cased-hole category held a larger share in the wireline services industry during the historical period. The market for this category is driven by the fact that a well having proper metal casing along with proper cementing of the wall (to prevent any damage caused by the pressure of the fluid being extracted) results in higher well stability. Cased-hole wireline services are further categorized into electriclines and slicklines.
The shift toward unconventional resources has led to the shale gas boom in recent years, particularly in the U.S. Thus, rising exploration and production activities for recovering unconventional hydrocarbon sources, such as tight gas, shale gas, and CBM, are expected to continue driving the wireline services market in the coming years.
Some of the major companies operating in the global wireline services market are Expro International Group Holdings Ltd., Superior Energy Services Inc., Weatherford International Inc., Baker Hughes, a GE company, Nabors Industries Ltd., Schlumberger Limited, C&J Energy Services Inc., Pioneer Energy Services, OilSERV, and Halliburton Energy Services Inc.
Read summary of report here :: https://www.psmarketresearch.com/market-analysis/wireline-services-market/
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
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