The oil reserves in Ecuador in 2013 were 8.2 billion barrels which is a decrease by 2% from 2012. Due to the depletion of natural gas and oil reserves, the market for Wireline logging services is on a high. Besides its application in hydrocarbon prospecting, Wireline logging has been widely used in coal, ground water and mineral prospecting in the country.
Generally every oil well drilling starts when it is uncased. And the surface casing will be installed once a short distance is drilled, to protect the softer surface formations without caving. Number of casings installed will depends upon the total depth of the well and type of rock formation. After reaching the total depth, a log will be run to determine whether the well is economical to produce and also to determine the exact depth of the well.
There are two types logging operations performed in a well:
Open-Hole Logging
Cased-Hole Logging
Open-Hole logging generally refers to logging operations that are performed on a well before the wellbore has been ceased and cemented. On the other hand, cased-hole logging involves retrieving logging measurements through the well casing, or the metal piping that is inserted into the well during completion operations.
Increasing energy demand, increasing exploration activity in deeper waters, shale boom and rise Ecuador well intervention demand are the major drivers for Wireline logging services market. On the flip side, lack of skilled labor and need for initial technical equipment are some of the factors restraining the market.
What the Report Offers
· Market Definition for the Ecuador Wireline logging services along with identification of key drivers and restraints for the market.
· Market analysis for the Ecuador Wireline logging services market, with country specific assessments and competition analysis.
· Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market.
· Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
· Identification and analysis of the Macro and Micro factors that affect the Ecuador Wireline logging services market.
· A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Reasons for Buying this Report
For gaining an exhaustive understanding of the Ecuador market for Wireline logging services. Would be of assistance in providing a comprehensive analysis of the major trends, innovations and associated prospects for market growth over the coming half a decade
An ideal opportunity for industry consultants, Wireline manufacturers and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered
Wide-ranging information provided about the leading market players and the major strategies adopted by them
