Slickline Services Market analysis is provided for global market including development trends by regions, competitive analysis of Slickline Services market.
We provide latest and updated Market report which are helpful to Investors and someone who wants to invest in Industry. Slickline Services Market report provides detailed analysis and competitive analysis by region and other main information like a manufacturing process, raw material, and equipment suppliers, various manufacturing associated costs, historical & futuristic cost, revenue, demand and supply data, the actual process. Slickline Services Market report offers a detailed analysis of the industry, with market size forecasts covering the next four years.
Market Segment by Manufacturers, this report covers
Schlumberger Limited, Weatherford International PLC, Baker Hughes, a GE Co., Halliburton Company, National Oilwell Varco, Superior Energy Services Inc., Expro Group, Archer, Reliance Oilfield Services, and Altus Intervention
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Slickline Services Market Segment by Regions, regional analysis covers
Slickline services involve the placement and retrieval of wellbore hardware, such as gauges, plugs, and valves, located in the side pocket mandrel and is dependent on drilling and production activities. In 2017, crude oil price gained momentum toward recovery and has now stabilized above the USD 60 per barrel mark. The growth in upstream activities has also been registered in 2017, and is expected to continue during the forecast period. Low crude oil price over the past forced oil & gas companies to invest on technology, to reduce the breakeven price and change their strategies, which is expected to boost the oil & gas upstream activity during the forecast period and drive the slickline services market.
Increase in Demand for Caliper Logging Services
Caliper logging operation involves slickline services and is carried out just after drilling and before completion. With an increase in the number of wells completed, the demand for caliper logging services increases and vice versa. Due to downturn in the oil & gas industry, the number of wells completed per year reduced by around 50% during 2014-16. In 2017, the sharp decline in drilling activity came to an end and the revival of drilling activity was observed in several countries, such as the United States, Canada, UAE, Iraq, and others. In March 2018, drilling activities in the United States and Canada reached a two-year peak. The outlook for drilling activities in 2018 and beyond is expected to be positive, with support from stabilized crude oil price, lower breakeven price, and increasing demand for oil & gas. As a result, the demand for caliper logging and subsequently slickline services is expected to grow over the forecast period.
Recovery in South American Oil & Gas Industry Supporting the Market
Brazil and Argentina are important countries in the South American oil & gas industry and collectively accounts for about 47% of rig count and 43% of crude oil production in the region. The new governments in both the countries have made the oil & gas business more lucrative, and the disinvestment scenario has come to an end. The Argentine government is planning to eliminate natural gas subsidies by 2022 and increase the prices for upstream producers, to attract sufficient investment in production. In Brazil, the new government has ended the monopoly of Petrobras over the countryâs prolific hydrocarbon resources and has opened the hydrocarbon reserves to foreign companies. Brazil is aiming for an additional oil production capacity of around 2 MMb/d, by 2027. The positive outlook for the oil & gas production activity in South America is expected to support the market studied.
Momentum in the UK and Norwegian Oil & Gas Industry Driving the Market
The United Kingdom and Norway have experienced a decline in crude oil production since the start of the century. However, in 2015, the trend changed and increasing production was witnessed in both the countries. In 2016, production in the United Kingdom and Norway increased by 18% and 5.6% respectively, from 2014. Further, the production is expected to ramp up in Norway, as Johan Sverdrup field, one of the major fields, is expected to commence production in 2020. The growth in production activities is expected to drive the market studied during the forecast period.
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Major Players include – Schlumberger Limited, Weatherford International PLC, Baker Hughes, a GE Co., Halliburton Company, National Oilwell Varco, amongst others.
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â¢ Current and future slickline services market outlook in the developed and emerging markets.
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By knowing the potential of Slickline Services Market In Future, we come up with Slickline Services Maret Research Report to provide Investors to achieve their goals in their respective field all over the world. The Slickline Services Market Report focuses on providing the best returns of investment to investors. This report gives an overview of the Slickline Services market in the global region. This report elaborate Company Competition, Market demand, Regional Forecast, Marketing & Price and also New investment feasibility analysis is included in the report.