Technological advancements in exploration activities of shale gas and coalbed methane are driving the North America wireline services market.
“North America Wireline Services Market by Service Type (Logging, Well Intervention, Completion), by Application (Onshore & Offshore), and by Countries –Trends & Forecasts to 2019”
Advanced technologies have enabled exploration activities to be carried out for sources other than crude oil, such as shale gas, coal bed methane, and unconventional resources. These activities require sophisticated tools and techniques to drill inside the well. Improved technologies such as the multi-stage hydraulic fracturing of horizontal wells require advanced tools to explore unconventional sources. To perform these fracturing techniques, accurate real-time information about reservoir temperature, pressure, and topology is required. These parameters are gathered by logging and other wireline services. Additionally, many other wireline services are required during completion operations.
The increase in exploration activities for shale and other resources, especially in countries such as the U.S., and Mexico has led to a widespread need for wireline services.
In-depth profiling of the key players have been conducted, along with the recording of their recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the North America wireline services market. Baker Hughes Inc. (U.S.), Nabors Industries Ltd. (Bermuda), and Halliburton Co. (U.S.) are among the key players operating in this market.