DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Wireline Services Market Outlook to 2020 - Market Analysis by Type (Logging, Well Intervention, Completion), Geography, Competitive Landscape, Key Company Information - Growth Trends and Forecasts" report to their offering.
Global wireline services market is expected to reach $35.9 billion by 2020, up from $16.34 billion in 2013, with a CAGR of 11.9 percent. Geographically, North America has the major market share for global wireline services market. The strong research and development practices in the North American region have helped the market to grow. Also, the favorable regulations have helped the North American market to propel to the level of market leader in global wireline services market. However, the mature wireline services market in this region is subjected to stiff competition.
Generally every oil well drilling starts when it is uncased. And the surface casing will be installed once a short distance is drilled, to protect the softer surface formations without caving. Number of casings installed will depend upon the total depth of the well and type of rock formation. After reaching the total depth, a log will be run to determine whether the well is economical to produce and also to determine the exact depth of the well.
Factors such as shale boom in few regions, increasing offshore drilling activity across the world, quest for finding potential untapped oil and gas reserves are driving the market growth for construction services in oil and gas sector.
2. Executive Summary
3. Market Overview
4. Drivers, Constraints & Opportunities
5. Global Wireline Services Market Analysis, by Type of Service
6. Global Wireline Services Market Analysis, by Geography
8. Key Company Analysis
9. Competitive Landscape
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