Wireline Logging Services Market Size, Share, Trends, Growth 2030

Wireline Logging Services Industry Perspective:

The global wireline logging services market size was evaluated at $29.34 Billion in 2022 and is slated to hit $43.36 Billion by the end of 2030 with a CAGR of nearly 7.2% between 2023 and 2030.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Wireline Logging Services Market: Overview

Wireline logging services are utilized in the oil and gas sector to extract data pertaining to rock formation properties. Wireline logging gathers complete information based on geophysical data analysis. Wireline logging and mud logging are closely linked with each other due to data set integration. The measurements in wireline logging are done through TAH (true along hole depth) and other related analyses. Moreover, these measurements can be utilized for inferring more properties such as making drilling, pressure formation, taking decisions related to production, and hydrocarbon saturation. Wireline services help oil and gas firms in gaining a competitive edge over their business rivals.

Key Insights

• As per the analysis shared by our research analyst, the global wireline logging services market is projected to expand annually at the annual growth rate of around 7.2% over the forecast timespan (2023-2030)
• In terms of revenue, the global wireline logging services market was evaluated at nearly $29.34 billion in 2022 and is expected to reach $43.36 billion by 2030
• The global market is anticipated to record massive growth over the forecast period due to the rising need for real-time data collection tools.
• Based on technology, the e-line segment contributed to a major share of the global market in 2022
• In terms of hole type, the open segment is predicted to account for a major share of the global market during the predicted timespan.
• Region-wise, the North American region is projected to be the key regional revenue driver of the global market during the projected timeframe.

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Wireline Logging Services Market: Growth Drivers

Growing need for real-time data collection methods to boost the global market size

The growth of the global wireline logging services market over 2023-2030 is due to the rising need for real-time data collection tools. Furthermore, a surge in exploration & production activities is anticipated to enlarge the scope of the global market. Moreover, technological developments and the company’s focus on natural gas may positively impact the global market. Surging demand for high-end products and huge investments in R&D is expected to foster global market growth.

Furthermore, technological breakthroughs and a high focus on natural gas production will translate into humungous demand for wireline logging services in the years to come. Escalating demand for research activities leading to the production of advanced products will boost global market trends.

Wireline Logging Services Market: Hindrances

Surging environmental concerns due to greenhouse effects can hinder the global industry growth

Growing environmental concerns and a ban on a few of the wireline logging methods in some countries can put brakes on the growth of the global wireline logging services industry. Furthermore, the global energy transition towards the use of renewable energy can have a long-lasting impact on oil & gas oilfield drilling activities and can reduce demand for oilfield reserves. This can hinder the growth of the global wireline logging services industry.

Wireline Logging Services Market: Opportunities

Massive funding of offshore petroleum production activities to open new growth vistas for the market across the globe

Escalating exploration & production activities in the oil & gas sector and a rise in the allocation of funds to offshore petroleum production activities will generate new growth avenues for the global wireline logging services market.

Wireline Logging Services Market: Challenges

Disruption of supply chain during product & services delivery can pose a big challenge to the growth of the global industry

Firms have to face disruptions in supply-chain activities during the delivery of products & services due to less availability of skilled workforce. This has proved to be a challenging task for the firms in the wireline logging services business, thereby posing a huge challenge to the growth of the global wireline logging services industry.

Wireline Logging Services Market: Segmentation

The global wireline logging services market is sectored into technology, hole type, and region.

On basis of technology, the global wireline logging services market is bifurcated into e-line and slickline. Furthermore, the e-line segment is predicted to experience lucrative growth in the upcoming years owing to the demand for seamless transmission of operational data to the surface. Furthermore, the e-line technology makes use of electric cables coated with steel that offers effective electric resistance.

In terms of hole type, the global wireline logging services industry is sectored into cased hole and open hole segments. The open hole segment is set to account for a major share of the global industry in the ensuing years. The segmental surge can be credited to the extensive use of open hole wireless logging services in the oil & gas industry as it does not create any obstruction during measurements.

Recent Breakthroughs

• In the second half of 2021, Abu Dhabi National Oil Company offered two contracts for equipment and oilfield services to Baker Hughes Company for two upstream ventures in the United Arab Emirates. This will boost the development and growth of wireline logging services in the Middle East & African region.
• In the last quarter of 2020, Equinor, the offshore field operator, offered the oil field services deal to three major industry participants referred to as Schlumberger, Baker Hughes, and Halliburton. The $455 million contract was allocated for performing drilling and well services near offshore oil & well fields in Brazil. The production of oil is set to commence by 2024 with a capacity of about 220,000 barrels/day.
• In 2020, the Iraq Oil Ministry entered into a deal with Chevron Corporation for developing oil and gas fields in the south of Dhi Qar. As per the deal, both firms will develop exploration blocks in the Nasiriyah oil fields. Due to such huge investments in the upstream sector, the Middle East & African region will lead the global market in the years ahead.
• In December 2020, Saudi Aramco, the national oil company of Saudi Arabia, explored four oil & gas wells in the Al-Reesh oilfield. The new oil reserves are projected to possess non-conventional oil of nearly 11,956 bpd capacity and approximately 4.8 million standard cubic feet of natural gas. Furthermore, such an initiative will boost the expansion of the wireline logging services market in the Middle East & Africa.
• In August 2021, Halliburton Company, a key player in the oilfield services industry, received a contract for constructing offshore oil wells for Sapura Energy Berhad, a Malaysia-based oil & gas services firm. Both firms have decided to jointly operating & completing a rig drilling completion agreement for six wells. Such breakthroughs in the oil & gas upstream sector are predicted to have a favorable effect on the wireline logging services industry in Asia and the Middle East regions during the forecast timeframe.

Wireline Logging Services Market: Report Scope

Wireline Logging Services Market: Regional Insights

Wireline Logging Services Market in North America To Register Remarkable Growth over 2023-2030

North America is the leading region in the global wireline logging services market. The regional market growth can be attributed to the exploration of new niche markets, supportive government policies, the presence of a large number of shale gas reserves, and the non-traditional recovery of hydrocarbon. Furthermore, the U.S. is expected to make major contributions to the market proceeds of the region with large-scale production of natural gas and easy availability of shale sources as well as tight sands. This, in turn, will scale up the global wireline logging services market growth.

In addition to this, the Asia-Pacific market recorded a moderate expansion with the surge in oil and gas exploration activities. Apart from this, the Middle East and African market is projected to register the fastest growth in the coming years owing to the rise in drilling and completion activities.

Wireline Logging Services Market: Competitive Space

The global wireline logging services market profiles key industry players such as:

• Calfrac Well Services
• Groundwater Resources International
• Ray International LLC
• Schlumberger
• Sos Analytical Inc
• Calfrac Well Services
• Pioneer Energy Services
• Superior Energy Services
• Pride International
• Casedhole Solutions
• Geologix Limited
• Halliburton
• Nabors Industries
• Baker Hughes Co.
• Geosearches Inc
• OilServe
• EnviroCore Inc.
• Expro International Group Holdings
• SGS India
• Downhole Well Services LLC
• China Oilfield Services Limited
• Graves Environmental & Geotechnical Services Inc.
• Eichelbergers Inc.
• Weatherford International Plc.

The global wireline logging services market is segmented as follows:

By Technology

• E-line
• Slickline

By Hole Type

• Cased Hole
• Open Hole

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa