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Wireline Logging Services Market Report Key Players: Baker Hughes, Casedhole Solutions, Expro International Group Holdings, Halliburton, Nabors Industries Ltd, OilServe, Pioneer Energy Services, Schlumberger, Superior Energy Services, Weatherford Internat
Wireline Logging Services Market
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Various technologies such as Slickline and E-line are used to measure & transmit the real-time logging data along with measuring of well-depth, down-hole pressures, and temperatures. Slickline technology segment in wireline logging services market worth USD 6 billion in 2014, is expected to grow at a rate of 7.4% over the period of 2015-2022. It saves costs, allows safer operations, and provides reliable pressure control with low ecological risks. E-line technology segment is expected to witness a massive growth over the coming timeframe, driven by its capacity to transmit data in the electric mode along with large-scale applications in exploration & production activities.
North America is estimated to continue to be a major region in near future because of the Canada and U.S. wireline logging services market size. This exponential rise is expected because of acceleration in the availability of wells both in onshore as well as offshore region and boosting of shale activities. The possibility of worldwide acceleration in shale gas generation is projected to notice a steep rise in these industries in the coming seven years.
Latin America is also predicted to enjoy excellent growth, due to the expediting need of energy and growing demand for logging.
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Wireline logging services market players will try to enhance their product portfolio and regional presence through technological innovations, joint ventures, and strategic collaborations. Key industry participants include Halliburton Company, Nabors Industries, Schlumberger, Baker Hughes, Superior Energy Services, Weatherford International, and OilSERV.
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