openPR Logo
Press release

In-Depth Study : Oilfield Exploration & Production Market 2019 - Advanced Resources International, Caterpillar, Denbury Resources, Hilong Group, National Oilwell Varco, Wood Group

06-17-2019 11:35 AM CET | Energy & Environment

Press release from: Oilfield Exploration & Production Market

In-Depth Study : Oilfield Exploration & Production Market 2019 -

Albany, NY, 17th June : Recent research and the current scenario as well as future market potential of "Oilfield Exploration & Production Markets: A BCC Research Outlook" globally.

Global oil and gas market is on a growth trajectory after a long gap of downturn, yet global geopolitical activities are shaping up the further roadmap. The recent preparations to revise sanctions on Iran by the United States based on the counterbalance provided by the kingdom of Saudi Arabia to meet additional oil production and maintain oil price stability are something to watch out for. Much of the OPEC members were able to moderate the production to maintain a supply and demand balance to control the oil prices, but members such as Venezuela still lingers on the internal crisis that has led to fall in the oil production in the country. The future of oil prices would be dependent on the outcome from these global political decisions. However, the industry has reshaped itself better in the downturn and is prepared well to absorb shocks and propel with faster efficiency.

Get Free PDF for more Professional and Technical insights @ https://www.researchmoz.us/enquiry.php?type=S&repid=2183993

Using advanced 3-D and 4-D (time-lapse) seismic exploration techniques in conjunction with technologies such as portable X-ray fluorescence (XRF) analyzers, hydraulic fracturing and horizontal drilling, resources including abandoned/old pressure-depleted wells, tight oil, shale gas, shale oil, tight gas and coal bed methane have completely transformed the U.S. energy landscape by facilitating access to reserves that were previously unavailable. This success in the U.S. with unconventional resources and marginal reserves has prompted other countries to reconsider developing their own unconventional and marginal resources and assessing how soon this can be achieved. Development of super-strong alloys allow drill bits to go into high-temperature, high-pressure fields. Other advances include logging while drilling, horizontal/directional drilling, smart drill bits and miscible methods for enhancing oil recovery.
Exploration for new sources of oil and gas has always been the primary strategy of the oil industry but digging and recovering more efficiently is perhaps of greater importance when finances are stretched, and untested areas are riskier. Producers are instead faced with three options -
- Increase production from existing assets.
- Monetize known reserves.
- Reduce exploration and production costs.

Advanced exploration and downhole technology are redirecting the search, identification and recovery of bypassed oil and gas, thus ensuring higher productivity to be coaxed out of mature, old, dormant/abandoned and pressure-depleted fields and enabling the monetization of stranded reserves. Since the oil price dip in 2014, exploration activities have gained gradual traction in recent years. The rising number of auctions for exploration and equally enthusiastic response form upstream companies is an evidence of this growing positivity. Recently companies such as Shell, Eni, Chevron and Repsol won exploration bids for the Mexcian Deepwater auctions. Shell won nine out of the REDACTED exploration
acreages put on auction. Similarly, exploration activities grew offshore in Cote d Ivoire by British Petroleum andKosmos. Tullow won offshore licenses in Cote dIv oire and Peru.

Report Scope:

The scope of the report includes, a general outlook of oil & gas exploration and production sector, with the scope limited to reports published by BCC Research during the year 2017 and 2018. This report segments the market into two major sub-segments i.e. oil & gas exploration and oil & gas production.

The exploration segment explains the prevalent and upcoming technologies covering the qualitative aspects of the market in brief. The report divides the production market into technologies and components. Production technologies discussed in the report include enhanced oil recovery technology and Fracking technology. Detailed overview of these technologies coupled with relevant market data in terms of market size measured in dollar terms are provided. The Production components covered in this study include oilfield process chemicals and drill pipes. The scope is limited to the recent studies published by BCC Research and is thus not exhaustive.

Make An Enquiry @ https://www.researchmoz.us/enquiry.php?type=E&repid=2183993

Report Includes:

- 170 tables
- An overview of the oil and gas exploration and production technologies and components markets
- Quantification of the market for oilfield exploration and production by various segments and sub-segments i.e., oil & gas exploration and oil & gas production
- Analyses of global market trends with data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Brief outline of the importance of advanced exploration and new downhole techniques within the O&G industry in correlation with substantial economic benefit to both government and industry players
- Impact analysis of growing and contracting segments, technological challenges that the oil and gas industry is facing, and possible solutions to those challenges
- Coverage of the all viable enhanced oil recovery (EOR) technologies along with their installation, operation, deployment, application area, environmental concern, regulatory framework, cost benefits etc.
- Company profiles of leading market players within the oilfield industry, including Advanced Resources International, Caterpillar, Denbury Resources, Hilong Group, National Oilwell Varco, And Wood Group

Mr. Nachiket Ghumare,
ResearchMoz,
90 State Street, Albany NY, United States,
Tel: +1-518-621-2074,
USA-Canada Toll Free: 866-997-4948,
Email: sales@researchmoz.us,
Follow me on : https://marketinfo247.wordpress.com/

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release In-Depth Study : Oilfield Exploration & Production Market 2019 - Advanced Resources International, Caterpillar, Denbury Resources, Hilong Group, National Oilwell Varco, Wood Group here

News-ID: 1777413 • Views:

More Releases for BCC

BCC Drug Market, Global Outlook and Forecast 2025-2033
Summary: The Global BCC Drug Market was valued at US$513.8 million in 2024 and is projected to reach US$1158.9 million by 2033, at a CAGR of 6.1%during the forecast period. The Global BCC Drug Market is projected to grow significantly from 2024 to 2033, driven by increasing demand for treatments like Bortezomib, Tavaborole, and Crisaborole for conditions such as Multiple Myeloma, Toenail Fungal Infections, and Atopic Dermatitis. Key players in
Champagne Market : Opportunities For Higher Growth | Lanson-BCC, Perrier-Jouet, …
HTF MI introduces new research on Champagne covering the micro level of analysis by competitors and key business segments (2023-2029). The Champagne explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled in the
Champagne Market Share and SWOT Analysis: Champagne Piper-Heidsieck, LANSON-BCC, …
According to a new market research report "Champagne Market 2028 By Type, Distribution Channel and Geography | The Insight Partners" Champagne Market 2021-2028 Global Industry research report explores analysis of historical data along with size, share, growth, demand and revenue of the global Champagne and estimates the future trend of market on the basis of this detailed study. The study shares market performance both in terms of volume and revenue and
RELEASE OF PREMIUM VERSION OF SUITECRM “BCC ARCHIVE
Outright Systems has a splendid plugin for keeping an email conversation of your customer in CRM (Customer Relationship Management) safely. A plugin that doesn’t spin out of control and gives you innumerable benefits in your business life. Introducing SuiteCRM BCC Archive Premium Version which we launched today to boost up your productivity as the extension is remarkable enough for micromanaging the customer email. In the past, users faced the problem
Global Internet Ad Spending Market Revenue Strategy 2026: Facebook, Google, Link …
A detailed research study on the Internet Ad Spending Market was recently published by DataIntelo. The report puts together a concise analysis of the growth factors influencing the current business scenario across various regions. Significant information pertaining to the industry analysis size, share, application, and statistics are summed in the report in order to present an ensemble prediction. Additionally, this report encompasses an accurate competitive analysis of major market players
Internet Advertisement Market Is Booming Worldwide | Facebook, Google, LinkedIn, …
A latest study released by HTF MI on Global Internet Advertisement Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Internet Advertisement market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are part