Wireline Services Market - Forecast(2021 - 2026)

The Global Wireline Services market recorded annual revenue of $6.34 billion in 2017 and is estimated to grow at a CAGR of 7.5% during the forecast period 2018-2023. Increasing oil production and aging reservoirs are the major drivers for the rapid growth of the wireline services market. Electric line is the dominating segment by the type of wireline services recording an annual revenue of $4.40 billion and is estimated to grow at a CAGR of 7.05% during the forecast period. Recovery segment is the fastest growing application for wireline services market owing to implementation on both onshore and offshore sectors. Wireline logging is the dominating application in 2017 by collecting annual revenue of $2.84 billion and is projected to grow steadily at a CAGR of 8.51% during the forecast period. 


What are Wireline Services?

Wireline services usually refer to cabling technology used in oil and gas industry for well intervention, reservoir monitoring operations, logging, pipe recovery and completion. These services require less labor and consumes less time providing petro physical data that are further beneficial for controlling the process parameters. The tools inserted into the well for both wirelines and slicklines, workover and logging efforts, are very similar devices. A slickline is a thin cable introduced into a well to deliver and retrieve tools downhole, while a wireline is an electrical cable used to lower tools into and transmit data about the conditions of the wellbore called wireline logs. Usually consisting of braided cables, wirelines are used to perform wireline logging as well. 


What are the major applications for Wireline Services?

The applications of wireline services include Wireline Intervention, Wireline Logging, Wireline Completion, Recovery and many more. Wireline intervention is an operation carried out on an oil or gas well during, or at the end of its productive life that alters the state of the well and well geometry, provides well diagnostics and manages the production of the well.

Market Research and Market Trends of Wireline Services Market

  • C6 technologies, the oilfield technology company have introduced the world’s first application of innovative well intervention technology called ComTrac. ComTrac is the only system in the world that comprises a reel of spoolable 12-mm diameter semi-stiff carbon composite rod with electrical conductors. To date the technology has been proven to operate at lengths of up to 8 km. This is the first time the composite rod has been used with a tractor in this technology. This allows intervention far beyond capabilities of standard wireline technology in terms of load and length, particularly for horizontal wells. The scope includes fluid saturation logging, fishing, and perforating with long sections of high shot density guns. The stiffness and low friction of the carbon composite rod eradicate the problem of stick and slip experienced with wireline cables. This allows ComTrac to deliver extraordinary data quality and repeatability, particularly for high resolution logging services such as fluid saturation logs. 

  • Baker Hughes Inc. has come up with a solution for wireline services called Wireline Jars. A wireline jar is used by freeing stuck tools which produces a sudden, strong impact to the tool string rather than depending on wireline pulls alone. Mechanical or hydraulic jar technology is available for single and multiconductor wireline. The jar is inserted as close as possible to the cablehead. If the toolstring is stuck and the wireline pulling tension exceeds a preset value, the jar initiates a tensile strike to the stuck toolstring. Additional strikes can be applied to free the toolstring if the initial strike is insufficient. Each activation produces a strike force several times greater than the maximum achievable wireline overpull.


Who are the Major Players in Wireline Services Market?

The companies referred to in the market research report includes Archer Limited, Baker Hughes Inc., Basic Energy Services, China Oilfield Services Limited, Schlumberger Ltd., Superior Energy Service Inc., FMC Technologies Inc. and more than 25 companies.

Schedule a call with our Research Expert@ https://connect.industryarc.com/

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

For more information about Energy and power click here
Location: United States

Comments

Post a Comment

Popular posts from this blog

U.S. Olefins Market - Forecast(2021 - 2026)

The U.S Olefins Market is segmented by type, feedstock, product and end user. The market consists of ethylene and propylene products. Among these, ethylene market is anticipated to rise at a CAGR of 4.3% between 2018 and 2023. Among the different feedstock used for the production of olefins, ethane accounted for 21.55 MMTPA in 2017 and is expected to rise at a CAGR of 5.6% during 2018-2023. The use of ethane reduces the production cost significantly and thus the demand is increasing rapidly. The demand for olefins will continue rising during the forecast period as it is widely used in construction, polyester fibers, and packaging of consumer products. What are Olefins? Olefins are also known as alkenes which are made up of hydrogen and carbon that contains one or more pairs of carbon atoms linked by a double bond. Ethylene occurs naturally in the environment and is produced by plants of all types. Olefins are class of compounds which include ethylene, propylene and butadiene. The prod...
Read more

Paperboard Packaging Market - Forecast(2022 - 2027)

The paper and packaging industry is an important part of the U.S. economy and its market is estimated to be valued at $115 billion in 2017. The market for Paperboard Packaging is witnessing a substantial growth due to shift in consumer tastes and preferences associated with rising demand for enhanced processed food and products with hygiene packaging  What is Paperboard Packaging? Paper and paper-based packaging are vital components of globally serving many industries for various packaging requirements. Paper-based packaging is a versatile and cost-efficient method to transport, protect and preserve a large number of products across various industries. Paperboard packaging is lightweight and is also customizable to meet customer requirements.  Download Report Sample @   https://www.industryarc.com/pdfdownload.php?id=15969 What are the major applications of Paperboard Packaging ? The various end users assessed include food, beverage, pharmaceuticals, logistics, industria...
Read more

Industrial Lubricants Market - Forecast(2021 - 2026)

The global industrial lubricant Market is $98845.54m in 2017 and is estimated to surpass $11,8474.22m mark by 2023 growing at an estimated CAGR of more than 3.69% during 2018 to 2023. Asia-pacific region especially china has been the pioneer in the innovation, manufacturing and export of a wide variety of lubricants and holds the highest market share of more than 40%. Continuous industrialization and growth in the manufacturing sector across the globe has led to the increasing consumption of lubricants in industrial applications.  What are Industrial Lubricants? Lubricants are vital part which is essential for smooth functioning of various segment of machines in various industry verticals. They are basically defined as compounds like oils, greases and fluids. Their primary function is to prevent metal-to-metal contact in dyes and finished component tooling. Industrial lubricants are expected to cool parts, reduce friction, disperse contaminants, minimize wear, prevent corrosion, t...
Read more