Growth of Offshore Oil and Gas Seismic Equipment and Acquisitions Market to be Impacted by the Rise in Deepwater and Ultra-Deepwater E&P Projects | Technavio

The market will accelerate at a CAGR of around 7% between 2020-2024

Technavio has announced its latest market research report titled global offshore oil and gas seismic equipment and acquisitions market 2020-2024 (Graphic: Business Wire)

LONDON--()--The report, offshore oil and gas seismic equipment and acquisitions market 2020-2024 has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and technology for the forecast period 2020-2024.

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The report on the offshore oil and gas seismic equipment and acquisitions market includes:

Offshore Oil and Gas Seismic Equipment and Acquisitions Market Analysis and Forecast 2020-2024: Features

  • Competitive landscape
  • Market segmentation
    • Geographic Segmentation
    • Technology Segmentation
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Offshore Oil and Gas Seismic Equipment and Acquisitions Market 2020-2024: Competitive Landscape

  • Vendors covered
  • Vendor classification
    • Arabian Geophysical and Surveying Co.
    • Fugro NV
    • ION Geophysical Corp.
    • Mitcham Industries Inc.
    • PGS ASA
    • Polarcus Ltd.
    • SAExploration Holdings Inc.
    • SeaBird Exploration Plc
    • Shearwater GeoServices Holdings AS
    • TGS-NOPEC Geophysical Co. ASA

Offshore Oil and Gas Seismic Equipment and Acquisitions Market Landscape 2020-2024: Geographic Landscape

  • North America - size and forecast 2019-2024
  • APAC - size and forecast 2019-2024
  • Europe - size and forecast 2019-2024
  • South America - size and forecast 2019-2024
  • MEA - size and forecast 2019-2024
  • Key leading countries

Offshore Oil and Gas Seismic Equipment and Acquisitions Market Landscape 2020-2024: Technology

  • 3D seismic survey - size and forecast 2019-2024
  • 2D seismic survey - size and forecast 2019-2024
  • 4D seismic survey - size and forecast 2019-2024

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Rise in deepwater and ultra-deepwater E&P projects will drive the offshore oil and gas seismic equipment and acquisitions market

Offshore wells are gaining prominence among oil and gas companies for oil and gas E&P activities. This is due to the shift in focus from shallow waters to deepwater and ultra-deepwater resources to large untapped reserves. The increase in deepwater and ultra-deepwater projects is expected to boost investments in offshore E&P activities, which will propel the demand for offshore oil and gas seismic equipment and acquisitions.

Increasing adoption of 4D seismic survey technology – An emerging trend in the offshore oil and gas seismic equipment and acquisitions market

Vendors are using 4D seismic methods over 2D and 3D seismic techniques to improve the quality of geological structure data. 4D seismic methods benefit E&P activities by helping in the identification of hydrocarbon reserves. They also improve the image quality of the potential hydrocarbon reservoir by simultaneously monitoring the combination of 3D seismic techniques. The adoption of 4D seismic technology will continue to increase as it offers higher accuracy and high-quality data.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

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CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

MARKET TRENDS

  • Increasing adoption of 4D seismic survey technology
  • Emergence of seismic-while-drilling technology
  • Increasing demand for digital oilfields

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

Release Summary

The report, offshore oil and gas seismic equipment and acquisitions market 2020-2024 has been added to Technavio's catalog.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com