Research and Markets (http://www.researchandmarkets.com/research/sz2zq6/global_wireline) has announced the addition of the "Global Wireline Services Market 2014-2018" report to their offering.
The Global Wireline Services market to grow at a CAGR of 10.5% over the period 2013-2018
Wireline refers to a cabling technology used by oil and gas wells operators to lower the measurement equipment or devices into the well for well intervention, reservoir evaluation, and pipe recovery. Wireline services have been used for a wide range of purposes in the Oil and Gas industry through the lifecycle of a well that includes drilling, exploration, completion, stimulation, and intervention.
One major trend in this market is the increasing investment by market vendors. With an increase in investment, the process of drilling and exploration is expanding, therefore driving the Wireline Services market.
According to the report, one of the main drivers in this market is the depleting onshore oil and gas reserves. With the depletion of onshore oil and gas reserves, oil and gas companies have started exploring unconventional oil and gas reserves, thereby leading to an increase in exploration and drilling activities to fulfill the demand.
Further, the report states that one of the major challenges that the market faces is the lack of a skilled workforce. This is affecting the Global Wireline Services market, as the technology requires skilled and trained people to perform drilling and exploration activities.
The Global Wireline Services market can be segmented by three applications:
- Wireline Logging
- Wireline Intervention
- Wireline Completion
Key Vendors
- Baker Hughes
- Casedhole Solutions
- Expro International Group Holdings
- Halliburton
- Schlumberger
For more information visit http://www.researchandmarkets.com/research/sz2zq6/global_wireline
Contacts:
Laura Wood, Senior Manager
press@researchandmarkets.com
For
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S.
Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Energy
and Natural Resources
