Wireline services are electric cables used by gas and oil well operators for well intervention, pipeline recovery, and reservoir evaluation. A multi-strand cable is used to carry equipment into wells for data acquisition programs. It improves the performance of wells by providing accurate, real time, and quantified data. The transmission of data in workover operations is carried out using wireline services. It is also used in determining quantity of organic carbons and hydrocarbons in well.
Liberalization of the Mexican oil & gas industry and maturing & depleting fields are key factors driving the growth in the North American wireline services market. However, low crude oil prices and increasing focus on renewable energy obstruct growth in the market. New oilfield discoveries and technological advancements create opportunities in the market.
The North American wireline services market is segmented based on service type, application, and countries. The service types covered in the report include logging, well intervention, and completion. The applications covered in the report include onshore and offshore. The countries, such as Canada, Mexico, and U.S. would experience tremendous growth.
The prominent companies operating in the market are Weatherford International PLC, Superior Energy Services Inc., Schlumberger, Baker Hughes Inc., Halliburton, Expro International Group Holdings Ltd., and Nabors Industries Ltd. They have adopted various strategies, such as new product launches, expansions and partnerships, agreements, collaborations, joint ventures, and others to strengthen their position in the market.
KEY BENEFITS FOR STAKEHOLDERS:
KEY MARKET SEGMENTS:
The North American Wireline Services Market – By Service Type
The North American Wireline Services Market – By Application
The North American Wireline Services Market – By Country
KEY MARKET PLAYERS:
Weatherford International PLC
Superior Energy Services Inc.
Baker Hughes Inc.
Expro International Group Holdings Ltd.
Nabors Industries Ltd.