Wireline Logging Services Market Size

Wireline Logging Services Market Analysis

The wireline logging services market is expected to register a CAGR of more than 3.5% during the forecast period. The COVID-19 pandemic had an impact on the oilfield services industry, of which wireline logging service is a part. The companies had to face supply-chain disruptions in delivering a service or manufacturing a product due to the lack of workforce. As an example, the oilfield services giant Halliburton grappled with expanding its local supplier base in almost all the countries where it operates and worked closely with freight forwarders to minimize the disruptions to the supply chain. The wireline logging services market is largely driven by the growth in exploration and production activities in the oil and gas industry and increasing investments in offshore petroleum production activities in many countries. However, the global energy transition toward renewables, particularly solar and wind, may hit the oil and gas upstream sector and reduce the demand for oilfield services.

• The e-line segment is likely to grow at a faster rate during the forecast period due to its higher accuracy and reliability.
• The technological advancements in the field of well logging pose a great opportunity for the growth of the wireline logging services market. For instance, the Center for Excellence in Well Logging Technology (CEWELL) is currently working on a research project, "Log & Core analysis for better understanding of geological model, petrophysical characterization & geo-mechanical studies of Eocene sequences on a drilled well," to improve the well logging operations. It also introduced a software, DS Petrophysics software, for an advanced evaluation of the downhole area.
• The Middle-East and African region is expected to witness the fastest growth in the market due to the upcoming upstream projects.