Middle-East Wireline Logging Services Market - Growth, Trends, and Forecast (2020-2025)

The market is segmented by Type (Electric Line, and Slick Line), Hole Type (Open Hole, and Cased Hole), Deployment (Onshore, and Offshore), and Geography (Saudi Arabia, United Arab Emirates, and Rest of Middle-East).

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

CAGR:

2 %

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Market Overview

The middle-east wireline logging services market is expected to grow at a CAGR of over 2% during the forecast period of 2020 – 2025. Factors such as increased new discoveries and increased investment in the offshore sector are expected to drive the market for wireline logging services. However, the volatile nature of oil prices in recent years led to decreased exploration activity, causing a slowdown for the middle-east wireline logging services market.

  • The onshore segment is expected to have a maximum share in the market. Onshore drilling encompasses all the drilling sites located on dry land and accounts for over 70% of worldwide oil production.
  • Saudi Arabia is expected to dominate the market, owing to the increased exploration activity in the country to compensate for declining fields elsewhere. Oil and gas drilling activity in Saudi Arabia is anticipated to increase on account of the government policy to drive the oil and gas production in the country.
  • The increasing exploration activity in the region to compensate for aging mature oil and gas feilds is expected to offer significant opportunity for the wireline logging services market in the region.

Scope of the Report

The middle-east wireline logging services market report include:

Type
Electric Line
Slick Line
Hole Type
Open Hole
Cased Hole
Location of Deployment
Onshore
Offshore
Geography
Saudi Arabia
United Arab Emirates
Rest of Middle-East

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Key Market Trends

Onshore Segment to Dominate the Market

  • The market for wireline logging services in middle-east saw a growth slowdown owing to the volatile oil prices in recent years, but with the oil prices expected to become stable inthe coming years the market is expected to show growth during the forecasted period.
  • Onshore oil production accounts for around 70% of global oil production. Increased onshore exploration activity worldwide in the forecasted period is expected to help grow the market for wireline logging services.
  • Moreover, the region is home to the world’s largest onshore oilfields, consisting of Ghawar Oilfield in Saudi Arabia, with proved reserves upwards of 75 billion barrels of oil.
  • As the crude oil prices are expected to recover, the upstream investment is expected to grow significantly and bring several projects online, thereby, driving the market.

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Saudi Arabia to Dominate the Market

  • Saudi Arabia is expected to maintain its dominance in the region in the forecast period, owing to the increased drilling and completion activities.
  • In 2018, the state-owned oil company, Saudi Aramco turned to United States' oilfield services giant Halliburton for assistance in exploring and exploiting the country’s shale gas potential and to develop unconventional energy resources, to meet Saudi Arabia’s increasing energy demand.
  • In February 2019, ADES International, an oil and gas drilling and production company, received two onshore drilling contracts in Saudi Arabia worth USD 150 million. Each secured contract has a tenure of seven years, with five fixed years and two years of optional terms.
  • The country also plans to double its gas production over the next decade, as it plans to switch local power plants to gas from oil, so it can export more oil, which is a positive indicator for the oil and gas well logging services market.
  • Therefore, the aforementioned factors are expected to drive the market in forecast period, similar to the trend witnessed in recent years.

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Competitive Landscape

The middle-east wireline logging services market is partially consolidated with major players holding a big share of the market. Some of the major companies areSchlumberger Limited, Halliburton Company, Baker Hughes Company, Weatherford International plc, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Market Dynamics

      1. 4.4.1 Drivers

      2. 4.4.2 Restraints

    5. 4.5 Supply Chain Analysis

    6. 4.6 Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Consumers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitutes Products and Services

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Electric Line

      2. 5.1.2 Slick Line

    2. 5.2 Hole Type

      1. 5.2.1 Open Hole

      2. 5.2.2 Cased Hole

    3. 5.3 Location of Deployment

      1. 5.3.1 Onshore

      2. 5.3.2 Offshore

    4. 5.4 Geography

      1. 5.4.1 Saudi Arabia

      2. 5.4.2 United Arab Emirates

      3. 5.4.3 Rest of Middle-East

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Schlumberger Limited

      2. 6.3.2 Halliburton Company

      3. 6.3.3 Baker Hughes Company

      4. 6.3.4 Weatherford International plc

      5. 6.3.5 SGS S.A.

      6. 6.3.6 Expro Group

      7. 6.3.7 Falcon Oilfield Services

      8. 6.3.8 OiLSERV Oilfield Services Company

      9. 6.3.9 Almansoori

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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