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Global spending in 2011 on advanced oil & gas exploration technologies will total $10.17bn

09-26-2011 09:58 AM CET | Energy & Environment

Press release from: visiongain

r d, oil, shale, oil shale, industries, drilling, kerogen, AMSO, mwe, VKG, ypf, cnpc

r d, oil, shale, oil shale, industries, drilling, kerogen, AMSO, mwe, VKG, ypf, cnpc

The report quantifies the market in terms of global size and breaks the market down into seven regional markets with forecasts and analysis provided for each regional market from 2011-2021. The report also examines the major drivers and restraints influencing the market over the next decade and explains the major technologies used as well as contemporary innovations. Sub-market forecasts are also provided for the three most prominent exploration technologies. Visiongain research indicates that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17bn.

Oil & gas exploration was once a painstaking, inefficient and time consuming activity. Prospectors looked for surface seepages from underground reserves, which occur only over a small proportion of deposits. Today, technological innovation allows more efficient management of fields and better evaluation of exploration prospects, reducing the need to drill numerous exploratory wells, thus saving money and minimising environmental damage. A combination of high oil prices, improved extraction technologies, increasing global energy demands, and supply concerns including; declining production, depleting production fields, maturing reservoirs and increasingly more difficult frontier exploration - deeper, more complex and more remote - is creating new opportunities for growth in the advanced oil & gas exploration technologies market. As the need to find new oil & gas deposits increases, the exploration industry will be relentlessly driven toward the use of more advanced surveying methods, including seismic 2D, 3D and 4D imaging, Controlled Source Electromagnetics (CSEM) and Remote Sensing techniques.

Though the industry will be faced with the restraints of proving the effectiveness of some of the new technologies on a commercial scale, overcoming environmental concerns, and confronting a weak global economy, the advanced oil & gas exploration technologies market is likely to provide substantial opportunities for potential investors.

This report offers an examination of the advanced exploration technologies market over the next decade, providing detailed market forecasts for each of the regional markets and offering in-depth analysis of the opportunities and challenges facing companies in the advanced oil & gas exploration market throughout the world. The analysis and forecasting has been underpinned by extensive consultation with expert opinion. Within the report, you will read full transcripts of original and exclusive interviews with CEOs of two leading advanced oil & gas exploration technologies companies:
- Dmitry Vilbaum CEO of Terra Energy & Resource Technologies, Inc.
- Martin Bett CEO of Stingray Geophysical Limited

The report also describes the most important technological changes within the advanced oil & gas technologies industry and assesses their importance for the growth of the market over the short and longer-term. The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the advanced oil & gas exploration technologies exploration market.

Visiongain's The Advanced Oil & Gas Exploration Technologies Market 2011-2021 report details the prospects for this dynamic energy sector with detailed forecasts from 2011-2021. The report will be valuable to those already involved in the advanced exploration technologies market or to those wishing to enter this important market in the future. The Advanced Oil & Gas Exploration Technologies Market 2011-2021 report includes 88 tables, charts and graphs quantifying and forecasting the market in detail, and provides information on the global markets, technology sub-markets and regional markets. In addition, the report offers profiles of 32 of the leading companies involved in the advanced oil & gas exploration technologies industry.

To see sample pages of the report please visit http://www.visiongain.com/Report/687/The-Advanced-Oil-Gas-Exploration-Technologies-Market-2011-2021

For an exec summary please contact Sara Peerun on:
Email: sara.peerun@visiongainglobal.com
Tel: +44 0 207 336 6100

ENDS

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

Visiongain Ltd
230 City Road
London
EC1V 2QY
United Kingdom

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