(PRWEB) April 30, 2015 -- The Middle Eastern wireline services market was valued at $1,240.4 million in 2014 and is expected to reach $1,516.2 million in 2019, at a CAGR of 4.1% from 2014 to 2019.
Browse through the TOC of Middle east wireline services market for an analysis of industry trends and segments, with the help of various tables and figures.
The growth of the Middle Eastern wireline services market is attributed to the increasing discoveries of oil & gas fields. The growth in the demand for oil and gas has led to an increase in the number of exploration activities in oil and gas fields. Every time a new discovery is made, logging, completion, and intervention activities are required to extract oil and gas. For proper production or injection of the well, completion services are required to be performed. Thus, the market for wireline services is directly proportional to the number of new discoveries made. In 2013, in the Middle East and Africa, 60 new discoveries of oil & gas were made.
A significant amount is being invested by countries in the Middle Eastern region for the exploration of oil and gas fields, with new discoveries being made almost weekly. In 2014, 37.9% of the Middle Eastern wireline services market was contributed by Saudi Arabia. Iraq is expected to be the fastest-growing region for the period 2014–2019.
The prominent types of services considered in this report include logging, well intervention, and completion. The market has been analysed in terms of the major countries in the Middle Eastern region such as Abu Dhabi, Oman, Qatar, Iraq, Saudi Arabia, and Kuwait. By application, the Middle Eastern wireline services market has been segmented into onshore and offshore application segments.
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North America Wireline Services Market
The market is segmented by Application and Geography. The applications include Logging, Well Intervention and Completion. It is also segmented according to major geographies including U.S., Canada and Mexico.
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