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Reservoir Analysis Market by Service, Application, Reservoir Type, and Region - Global Forecast to 2022

Reservoir Analysis Market: Global Forecast until 2022

  • June 2017
  • 166 pages
  • ID: 4954572
In this report:
China consumed ##,## thousand barrels of oil per day in the year 2015 with a year on year growth of ##.##% from 2014.
According to the production report of April 2017, of the Ministry of Petroleum and Natural Gas of India, the onshore oil production in India held a share of ##%, whereas, the offshore oil production held a share of ##% in April 2017.
As per the IEA, the production in the country is expected to cross ##.## million barrels per day by 2022.

Summary

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"The reservoir analysis market is estimated to rise at a compound annual growth rate of ~4.1 percent, between 2017 and 2022."

The reservoir analysis market is estimated to grow ~$8.9B by 2022, increasing at a compound annual growth rate (CAGR) of ~4.1 percent, between 2017 and 2022. This increase is assigned to growing focus on mature oil & gas fields and new field developments, rise in energy demand from emerging economics, and rised reliability in reservoir analysis due to technology advancements. High cost, complexity and risk combined with reservoir study, political issues, and lack of technological capabilities, are top restraints for the increase ot the reservoir analysis market.

"Data Acquisition and Monitoring Services: The quickest service segment of the reservoir analysis market"

Data acquisition and monitoring services is the fastest-growing segment for reservoir review during the outlook period. It also holds the biggest share in the reservoir analysis market. Data acquisition and monitoring services help to enhance reservoir functionality and optimize production by providing real time information with a faster decision cycle. Several equipment and software are used to perform the data acquisition task. The tools that are used include memory gauges, surface readout tools, and surface measuring equipment, which are used to get accurate and real time data of a well. The growth in E&P activities from unconventional resources, is anticipated to growth the industry demand for data acquisition and monitoring services

"The North America (NA) industry is anticipated to grow at the highest CAGR (Compound annual growth rate), between 2017 and 2022."

The industry in North America (NA) is also anticipated to grow at the highest compound annual growth rate (CAGR), between 2017 and 2022, due to the growth in production of oil & gas in the territory. The North America (NA) sector is primarily influenced by the sector in the U.S.A which was the world's top producer of petroleum and natural gas hydrocarbons in 2015, surpassing Russia and Saudi Arabia (SA). The liberalization of the energy market in Mexico (MX) is anticipated to attract foreign investors and is also anticipated to drive the reservoir analysis market. The presence of 573 trillion cubic feet estimates of shale reservoirs, in Canada (CA), is attracting many international and national oil companies, which are interested to explore sedimentary basins and shale areas of the country. All these factors contribute to the high increase rate of the market 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 60.0 percent, Tier 2 27.0 percent, Tier 3 13.0 percent

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

By area: North america (NA)- 30%, Europe- 23.0 percent Asia-Pacific- 17.0 percent, South America- 15.0 percent , Middle East- 10.0 percent, Africa- 5.0 percent

Note: Others includes engineers, industry consultants, university professors, and distributors

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 =

Key players in the reservoir analysis market contain Baker Hughes Incorporated, Halliburton Company, Schlumberger Limited, Weatherford International, PLC, and SGS SA.

Report Coverage

The market research offers a picture of the reservoir analysis market across its distinct segments and localities. It aims at evaluating the market value and upcoming growth potential of this market, in value. Moreover, the industry report offers a comprehensive analysis of major market drivers, industry restraints, possibilities, opportunities, and main issues and also includes detailed competitive analyses of the top actors in the industry together with their company descriptions, recent evolutions, and key industries strategies.

Main highlights

The study would benefit industry top players and new sector entrants in the sector by providing them the closest approximations of revenue numbers for the global reservoir analysis market and its sub-segments. This industry report will facilitate partners to better find out the competitive landscape and gain insights to better option their businesses and make suitable go-to-market approaches. The analysis also benefits partners distinguish the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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