Global Wireline Services Market – Inventory Demand With Future Expansion
Transparency Market
Research has released a new market report titled Wireline Services
Market Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2014 2022. According to this report, the global wireline
services market revenue for stood at USD 18,052.1 million in 2013 and
is expected to reach USD 33,845.2 by 2022 at a CAGR of 8.94% from
2014 to 2022.
Wireline is a
cabling technology used to lower measurement devices and equipment
inside the well for the purpose of well intervention, logging,
completion, and reservoir evaluation. The measurement tools and
equipment provide real-time data from the wells which helps field
engineers to control the process parameters. Wireline services can be
segmented on the basis of technology into slickline and electric
line. Slickline consists of a metal wire of diameters ranging from
0.108 to 0.125 inches. Electric line comes in the category of strong
and heavier wirelines. The inner wire in electric line is insulated
and transmits electrical power to other electric tools and equipment
inside the wellbore. Companies providing wireline services offer the
same in two forms: wireline fleets or wireline units mounted along
with the drilling rig.
Electric line
services are primarily required for well logging and tube-perforating
operations that require continuous evaluation through electric tools.
Electric line and slickline services are different for open-hole and
cased-hole well operations. Open-hole operations involve the
deployment of electric tools through the electric line into a newly
drilled well. Cased-hole operations involve the evaluation of the
well through deployment of evaluation tools after the completion
process or when the well is packed with casing. Slickline services
are primarily used for recovering and placing the wellbore equipment
into the well. In offshore regions, slicklines are used in the form
of braided lines to lower the blowout preventer (BOP) and other
supporting equipment to the surface. Slickline services accounted for
nearly 70% share of the wireline services market in 2013. Slickline
services are very important for maintaining the production levels of
wells through logging and intervention processes.
The wireline
services market has also been segmented on the basis of application
into well intervention, well logging, and well completion. The
intervention process is an operation carried out on hydrocarbon wells
for estimating the feasibility of conducting secondary recovery
procedures in order to boost the production rates of the well. The
well intervention operations improve performance by increasing the
operational life of a mature well. The well intervention segment
accounted for the lowest percentage of the total wireline services
market in 2013. Well logging is primarily based on carrying out
physical measurement of geophysical logs. This is done through visual
inspection of a log or through electric tools lowered into the
wellbore. Slicklines are preferably utilized for taking samples of a
log from the wellbore for visual inspection. On the contrary,
electric lines are used to get real-time data through an electric
tool. Well completion mainly requires wireline services for
continuous monitoring purposes. For the completion processes, there
are a series of operations that require wireline services, especially
to ensure safe installation. The well completion application segment
accounted for nearly 65% share of the total wireline services market
in 2013.
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In the future, the
requirement of wireline services is expected to increase gradually as
a result of rise in drilling activities and exploration of
unconventional hydrocarbon sources across the globe.
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