Distributed Acoustic Sensing: Oilfield Services Application Segment Expected to Register High Growth Rates During 2017-2025

The global distributed acoustic sensing market is estimated to be valued at more than US$ 450 Mn by 2017 end and is projected to cross US$ 2,000 Mn by 2025 end. Sales revenue is expected to increase at a CAGR of 20.2% during the forecast period (2017–2025).

As per the forecast by the International Energy Agency, global energy demand is expected to surge by 50% by 2030 end. Due to such a high demand for energy, there is an urgent need to tap new and unexplored fossil fuel resources. Presently, production and transportation of energy is taking place in highly complex situations such as soil instabilities, increasing tectonic activity, ultra deep water operations and taking care to ensure that there is no negative impact on fisheries and terrestrial fauna, human intrusion risks etc.

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Besides, there is a need for real-time complex LNG assets control and high temperatures employed in steam enhanced heavy oil recovery methods. Due to all these factors, distributed acoustic sensing or fiber optic sensing has emerged as a versatile and cost-effective technique to evaluate the mechanical health of large structures and perform efficient damage assessment – both of which are compulsory in order to optimize energy production and transfer. Due to this reason, there is a huge demand for distributed acoustic sensing mechanisms in the market.

Distributed acoustic sensors have the ability to detect changes at myriad intervals over long distances, which is suitable for functioning in remote and harsh environments. Both these conditions are inherent to the petroleum industry and oilfield applications. Due to these capabilities of distributed acoustic sensors, a large number of companies are utilizing them to determine flow characteristics and related physical properties inside the pipes and near the wellbore.

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This large use of distributed acoustic sensors can be attributed to the confluence of technological advancements in the upstream industry, which have increased the durability and reliability of downhole fiber-optic systems.

Distributed acoustic sensing technology is deployed in the oil and gas industry for monitoring temperature and pressure in order to improve safety and increase production volumes. Increasing demand for sensing in harsh environments and the corresponding development of rugged optical fiber technology has significantly benefitted the oil and gas industry.

However, during the last three years, the adoption of distributed optical fiber sensing technology has been adversely affected by a significant decline in oil prices. This decline in oil prices can be attributed mainly to rise in the oil production and sluggish consumer demand coupled with oversupply by leading petroleum exporting countries.

In terms of revenue, oilfield services is projected to be the most attractive application segment in the global distributed acoustic sensing market during the forecast period. Oilfield services segment is also expected to register comparatively higher year-on-year growth rates throughout the forecast period and is projected to register a CAGR of 21.0% between 2017 and 2025. Oilfield services segment was valued at nearly US$ 240 Mn in 2016 and is expected to remain dominant by 2025 end, accounting for a revenue share of more than 60%.

The impending growth in adoption of distributed acoustic sensing solutions in oilfield services is supported by the demand for efficient solutions for applications such as leak detection, distributed flow and distributed seismic detection, vertical seismic profiling, sand monitoring, and valve operations detection.

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