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Wireline Services Market by Application, Type, Services, Hole Type, and Region - Global Forecasts to 2021

Wireline Services Market: Global Forecasts until 2021

  • November 2016
  • 167 pages
  • ID: 4312540
In this report:
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Saudi Arabia is the world's largest exporter of crude oil and petroleum products with production level of ##.## million barrels of oil per day (mbpd) and consumption level of ##.## mbpd in 2015.

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The wireline services market is estimated to rise at a compound annual growth rate of 2.10 percent from 2016 to 2021"

The wireline services market is estimated to grow ~$9.1B by 2021, increasing at a compound annual growth rate (CAGR) of 2.10 percent from 2016 to 2021. Wireline services are used in onshore and offshore applications. Growing oil production, maturing oilfields, and lifting of Iranian oil export sanctions are forecast to steer the wireline services market. The declining crude oil price is likely to hinder market increase of wireline services, as drilling activities are lowered, thereby impacting spending on oilfield services including wireline.

"The well intervention segment is anticipated to grow at the highest compound annual growth rate (CAGR) from 2016 to 2021"

Established on type of wireline services, the well intervention segment is forecasted to be the quickest increasing sector from 2016 to 2021. Well intervention is carried out on an oil or gas well to extend its productivity and providing access to stranded or additional hydrocarbon reserves. Oilfield operators are focusing more on improving production from current wells, than investing in green-field operations. This has led to high rise for wireline in well intervention services than for logging and completion services.

"North America continent: The biggest market for wireline services"

North America (NA) is currently the biggest market for wireline services, succeeded by Asia Pacific (APAC) and Europe (EU). The North America (NA) sector is influenced by high level of shale gas related activities in onshore U.S. and the offshore production in the U.S. Gulf of Mexico. The sector in the North American area is expected to grow at a moderate rate, with the U.S.A anticipated to dominate the industry. Meanwhile, other countries including Canada are exploring and producing from other unconventional hydrocarbon formations including tar sands and oil sands. The logging services are the main wireline services used in North America continent.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

By Company Type: Tier 1 35.0 percent, Tier 2 45.0 percent, Tier 3 20.0 percent

By Designation: C-Level- 35.0 percent, D-Level- 25.0 percent, Others- 40.0 percent

By area: North america (NA)- 45%, Asia-pac- 30%, Europe- 20.0 percent, Rest of the World- 5.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2015: Tier 1 = >USD 10 billion, Tier 2 = $1.0B to $10.0B, and Tier 3 =

The key players in the wireline services market contain Schlumberger Limited, Halliburton Company, Baker Hughes Incorporated, Weatherford International PLC, and Superior Energy Services.

Segment Research

The market research offers a picture on wireline services and its types across upstream oil & gas sector and territories. It aims at evaluating the market value and upcoming growth potential of this market across distinct segments including application, service, hole-type, wireline type, and localities. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why acquire this industry report?

1. The study determines and addresses main markets for wireline services, which would help providers review the rise in the industry demand for the product.

2. The analysis benefits solution providers distinguish the pulse of the sector, and offers business insights into drivers, market restraints, and opportunities.

The market research will facilitate top players comprehend the strategies of their competitors better, and will benefit in making tactical conclusions.

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