Wireline Services Market Revenue is Anticipated to Reach USD 33,845.2 million by 2022
Transparency
Market Research has released a new market report titled Wireline
Services Market Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2014 2022. According to this report, the global wireline
services market revenue for stood at USD 18,052.1 million in 2013 and is
expected to reach USD 33,845.2 by 2022 at a CAGR of 8.94% from 2014 to
2022.
Browse Market Research Report @
Wireline
is a cabling technology used to lower measurement devices and equipment
inside the well for the purpose of well intervention, logging,
completion, and reservoir evaluation. The measurement tools and
equipment provide real-time data from the wells which helps field
engineers to control the process parameters. Wireline services can be
segmented on the basis of technology into slickline and electric line.
Slickline consists of a metal wire of diameters ranging from 0.108 to
0.125 inches. Electric line comes in the category of strong and heavier
wirelines. The inner wire in electric line is insulated and transmits
electrical power to other electric tools and equipment inside the
wellbore. Companies providing wireline services offer the same in two
forms: wireline fleets or wireline units mounted along with the drilling
rig.
Electric
line services are primarily required for well logging and
tube-perforating operations that require continuous evaluation through
electric tools. Electric line and slickline services are different for
open-hole and cased-hole well operations. Open-hole operations involve
the deployment of electric tools through the electric line into a newly
drilled well. Cased-hole operations involve the evaluation of the well
through deployment of evaluation tools after the completion process or
when the well is packed with casing. Slickline services are primarily
used for recovering and placing the wellbore equipment into the well. In
offshore regions, slicklines are used in the form of braided lines to
lower the blowout preventer (BOP) and other supporting equipment to the
surface. Slickline services accounted for nearly 70% share of the
wireline services market in 2013. Slickline services are very important
for maintaining the production levels of wells through logging and
intervention processes.
The
wireline services market has also been segmented on the basis of
application into well intervention, well logging, and well completion.
The intervention process is an operation carried out on hydrocarbon
wells for estimating the feasibility of conducting secondary recovery
procedures in order to boost the production rates of the well. The well
intervention operations improve performance by increasing the
operational life of a mature well. The well intervention segment
accounted for the lowest percentage of the total wireline services
market in 2013. Well logging is primarily based on carrying out physical
measurement of geophysical logs. This is done through visual inspection
of a log or through electric tools lowered into the wellbore.
Slicklines are preferably utilized for taking samples of a log from the
wellbore for visual inspection. On the contrary, electric lines are used
to get real-time data through an electric tool. Well completion mainly
requires wireline services for continuous monitoring purposes. For the
completion processes, there are a series of operations that require
wireline services, especially to ensure safe installation. The well
completion application segment accounted for nearly 65% share of the
total wireline services market in 2013.
In
the future, the requirement of wireline services is expected to
increase gradually as a result of rise in drilling activities and
exploration of unconventional hydrocarbon sources across the globe.
The global market for wireline services has been segmented as follows:
-Wireline Services Market: By Application
-Well Intervention
-Well Logging
-Well Completion
Wireline Services Market: By Technology
-Slickline
-Electric Line
Fill the form to gain deeper insights on this market @
Wireline Services Market: By Region
-North America
-U.S.
-Rest of North America
-South & Central America
-Brazil
-Rest of South & Central America
-Europe
-Russia
-Norway
-Rest of Europe
-Asia Pacific
-China
-Australia
-Malaysia
-Rest of Asia Pacific
-Middle East & Africa
-Nigeria
-Saudi Arabia
-Rest of Middle East & Africa
Comments
Post a Comment