Geosteering Technology Market Size, Share, Trends, Segmentation and Forecast to 2027

Geosteering, often referred to as directional control of the next generation, uses the combination of electronic logs in real-time, the analysis of drilling cuttings data, and other details from various tools to identify thorough insights into the rock layer being drilled. There are different geosteering software and services available on the market used in conjunction with other tools to retrieve the exact spot information being drilled. These include LWD tools, MWD tools, RSS and other drive systems, and more.

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Key Players:

- Cougar Drilling Solutions
- Eerson Paradigm Holding LLC
- Exlog
- Geonaft
- Geotech Logging Services LLC
- Halliburton
- HMG Software
- OGII
- Schlumberger Limited
- Terracosm Software, LLC

Theincreasing global population is driving demand for oil and gas in the global geosteering technology market, and that demand exceeds worldwide oil and gas production. For example, according to the Organization of the Petroleum Exporting Countries (OPEC), world oil demand in 2017 amounted to 97.32 million barrels a day, while global supply was 96.10 million barrels a day. As a result, many firms invest in oil field exploration to increase their market share and gain a competitive advantage in the market by meeting the growing demand of consumers. For instance, ExxonMobil announced the discovery of an oilfield in Guyana, South America, in August 2018.

The global geosteering technology market is segmented on the basis of product and application. Based on product, the geosteering technology market is segented into Logging While Drilling (LWD), Measurement-While-Drilling (MWD), Rotary Steerable Systems (RSS), Drive Systems, and Others. On the basis of application, the market is segmented into: Petroleum Development, Natural Gas Transportation, and Others.

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The reports cover key developments in the geosteering technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The maret players from geosteering technology market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the geosteering technology market.

Table of Contents:

1. Introduction
2. Key Takeaways
3. Research Methodology
4. Geosteering Technology Market Landscape
5. Geosteering Technology Market – Key Market Dynamics
6. Geosteering Technology Market – Global Market Analysis
7. Geosteering Technology Market – Revenue and Forecasts to 2027 – Product Type
8. Geosteering Technology Market – Revenue and Forecasts to 2027 – Application
9. Geosteering Technology Market – Revenue and Forecasts to 2027 – Compound
10. Geosteering Technology Market Revenue and Forecasts to 2027 – Geographical Analysis
11. Industry Landscape
12. Geosteering Technology Market, Key Company Profiles
13. Appendix

Sameer Joshi
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