Wireline services market is projected to reach $14.84 Billion by 2020, at a CAGR of approximately 6.5% from 2015 to 2020.
(PRWEB) June 30, 2015
The size of the overall wireline services market has been determined by forecast techniques based on region-wise E&P capital expenditure along with the well count and oil and gas production in different regions, which have been validated through primary sources. The market is growing at a CAGR of approximately 6.5% from 2015 to 2020 .Browse 71 market data tables & 27 figures spread through 150 pages and in-depth TOC on “Wireline Services Market" at http://www.reportsnreports.com/reports/284606-wireline-services-market-by-type-logging-well-intervention-completion-geography-asia-pacific-europe-middle-east-africa-north-america-south-america-global-trends-forecast-to-2019.html .
The growth in the oilfield services since the financial crisis in 2009 as the oil and gas production increased and the oil prices remained well over $100/barrel. This changed in June 2014 when the oil and gas production exceeded the demand resulting in rapid decline in the crude oil price which fell by 55% over a six month period. The resulting effect was widespread decline in exploration activities which provided little growth for the related oilfield service. On the other hand, the production has still continued to rise most notably from the U.S. and Saudi Arabia. Wireline services form an integral part of the entire well lifecycle as they can be used in reservoir evaluation, completion, intervention, and abandonment phases. The wireline services are easily and quickly deployed, and are least expensive among all well intervention methods.
This wireline services market report also includes the profiles for leading providers, and equipment manufacturers, such as: Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S), Weatherford International (Ireland), Superior Energy Services (U.S.), C&J Energy Services (U.S.), Expro International (U.K.), Pioneer Energy Services (U.S.), Oilserv (Iraq), National Oilwell Varco (U.S.), Wireline Engineering Limited (U.K.), Basic Energy Services (U.S.), and Archer Limited (U.K.). Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=284606 .
Wireline services involve the running and pulling of downhole tools and equipment in and out of the well bore through a braided wire which mounted on a powered reel installed on a truck or on a self-contained skid. A wireline unit typically consists of a wireline reel, power supply, and associated control and connection equipment. Wireline services can be used for operations such as well logging, gas lift valve repair, perforation, zonal isolation, well stimulation, sand washing, and setting/pulling tubing plugs. Wireline services have been classified on the basis of the wireline type into Electric Line and Slick Line which differ on the basis of their ability to conduct electrical signals through them.
Scope of the report: This study estimates the global market of wireline services, in terms of value, till 2020. It also offers a detailed qualitative and quantitative analysis of this market. This report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues of the market. The report also covers various important aspects of the market. These include analysis of value chain, Porter’s Five Forces model, competitive landscape, market dynamics, market estimates in terms of value, and future trends in the wireline services market. This is a premium research report priced at US$ 4650 for single user PDF license. Inquire for discount on this research at http://www.reportsnreports.com/contacts/discount.aspx?name=284606 .
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