1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends
Iraq Wireline Logging & Well Testing Services Market - Growth, Trends and Forecast (2019 - 2024)

Iraq Wireline Logging & Well Testing Services Market - Growth, Trends and Forecast (2019 - 2024)

  • April 2019
  • 81 pages
  • ID: 5778212
  • Format: PDF
  • By Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

Iraq accounts for approximately 8.8% and 1.8% of the world’s proven oil and gas reserves respectively, as of 2017. In 2018, Iraq’s production capacity exceeded the 4.6 mbpd mark. In 2017, the Ministry of Oil in Iraq had set a goal to reach a production capacity of 6.5 million barrel per day, by 2022. According to the International Energy Agency (IEA), Iraq is expected to provide 45% of global production growth and become the second largest exporter of oil in the world by 2035. To achieve the target, the government of Iraq has not only increased the investments from the state-run companies but also has successfully attracted the investments from the national oil companies. With these growing investments in the development of oil and gas blocks, the demand for the well-testing and the wireline logging services is expected to increase significantly during the forecast period (2019-2024), in turn, driving the market in the country.

Factors, such as targets to increase oil production, and upcoming exploration and drilling activities in Iraq are expected to increase the demand for wireline logging and well-testing services market during the forecast period.

Increasing the Oil Recovery from Existing Reserves – Creating Opportunities in the Market

The southern, western, and central region are relatively more isolated from the effects of terrorist activities and political tension in the country. These regions also have about 80% of the oil reserves in the country, which is mostly in the production phase. However, the oil recovery from these regions is limited, as the oil and gas industry in the country has been mainly reliant on the water injection methods to improve the oil production from these fields. Iraq has limited water availability, which puts limitations on oil recovery by water injection. Focus on other improved oil recovery techniques, such as artificial lift, gas injection, and other recovery methods can help the country in increasing oil production substantially. Such improved oil recovery techniques can help drive the upstream activity in the country, in turn, providing the opportunity for the market for oilfields services, such as wireline logging and well testing.

Key Developments in the Market
• January 2019: Halliburton Inc. won a contract of worth around USD 19 billion to drill four to six rigs over the next two years. The project is being developed by a joint venture between Missan Oil Company, Kogas, Occidental Oil & Gas International, and Eni Group. The scope of service includes the delivery of integrated drilling services for Zubair Oil Field in Iraq’s Basra governate. The project consists of degassing stations, the drilling of 60 wells, wire-line logging, revamping existing production facilities, and acidifying and well-testing work.
• June 2018, China-based Geo-Jade Petroleum signed two contracts with the government of Iraq to develop Naft Khana block in the country. In the same month, another China-based company, United Energy Group signed a contract to develop the al-Sindibad block.
• August 2018: The state-run companies, Dhi Qar Oil and Iraq Drilling, announced their plan to invest USD 140 million to the output of the Nassiri field from 90,000 barrels per day to 200,000 barrels per day by the end of 2019.

MAJOR PLAYERS: SCHLUMBERGER LIMITED, HALLIBURTON COMPANY, BAKER HUGHES A GE COMPANY, WEATHERFORD INTERNATIONAL PLC, THE ENGINEERING AND DEVELOPMENT GROUP (EDGO), amongst others.

Reasons to Purchase this Report
• Identify the drivers, restraints, and opportunity in the Iraq Wireline Logging & Well Testing Services market, with an in-depth analysis
• Analyze the various perspectives of the market with the help of Porter’s five forces analysis
• Identify the latest developments, and strategies adopted by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in excel).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
10% Off

($3250)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Digital Oilfield Market - Opportunities and Forecast (2019-2024)

Global Digital Oilfield Market - Opportunities and Forecast (2019-2024)

  • $ 2400
  • November 2019

Executive SummaryThe Global Digital Oilfield Market was valued at USD 23,235.15 Million in the year 2018. Growing Exploration & Production (E&P) activities across the globe, exploration of shale resources ...

Oilfield Degassers Market by Application and Geography - Global Forecast & Analysis 2019-2023

Oilfield Degassers Market by Application and Geography - Global Forecast & Analysis 2019-2023

  • $ 2500
  • October 2019

Global Oilfield Degassers Market: About this marketThis oilfield degassers market analysis considers sales from both onshore and offshore applications. Our analysis report also considers finds the sales ...

LATAM Oilfield Chemicals Market - Growth, Trends, and Forecast (2019 - 2024)

LATAM Oilfield Chemicals Market - Growth, Trends, and Forecast (2019 - 2024)

  • $ 3750
  • October 2019

Market OverviewThe market for LATAM Oilfield Chemicals is expected to witness a moderate growth, registering a CAGR of 1.95% during the forecast period. The major factors driving the growth of the market ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on