(MENAFN- The Express Wire) Global Slickline Services Market 2020 Top countries data : Industry Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Sales Revenue by Regional Forecast By 360 Market Updates
Posted on Sep 18 2020 4:59 AM
"Slickline Services Market report exhibits a pin-point breakdown of Industry dependent on type, applications, and research. Development methodologies involved by these organizations are research in detail in the report. The market size region gives the Slickline Services market incomes, covering both the historic growth of the market and forecast. Slickline Services Market 2020 Industry Report analyzed in detail with all the vital data to frame tactical business judgments and propose strategic growth plans. This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
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Global ' Slickline Services Market Size report 2020 - 2024 gives complete analysis of industry position and viewpoint of main regions based on of major key players, country, product types, and end industries. Slickline Services Market report categorizes the market based on manufacturers, regions, type and application. Slickline Services Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data. Slickline Services Market report categorizes the market based on manufacturers, regions, type, and application. Slickline Services Market reports offer a detailed assessment of the Slickline Services including enabling technologies, current market situation, market assumptions, restraining factors.
Report focuses on the global market, especially in United States, Europe, China, Japan, South Korea, North America, and India.
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Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.
Top-List of Key-players in 2020 of Slickline Services Market:-
- 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
The Global Slickline Services market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
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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 country's 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.
The major players include - Schlumberger Limited, Weatherford International PLC, Baker Hughes, a GE Co., Halliburton Company, National Oilwell Varco, amongst others.
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The global Slickline Services market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Slickline Services Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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Key Developments in the Slickline Services Market:
- Major developments in 2017 covered in the report
- And the latest major developments in 2018 covered in the report
Reasons to Purchase this Report
- Current and future slickline services market outlook in the developed and emerging markets.
- Analyzing various perspectives of the market, with the help of Porter's five forces analysis.
- The segment that is expected to dominate the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments and strategies employed by the major market players.
- 3 months analyst support along with the Market Estimate sheet (in excel).
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Finally, the report Global Slickline Services Market 2020 describes the Slickline Services industry expansion game plan, the Slickline Services industry knowledge supply, appendix, analysis findings, and the conclusion.
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