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Seismic Services Market Share, Size 2020: Worldwide Business Trend, Supply Demand Scenario, Growth Prospects, Pipeline Projects, Project Economics and Forecast till 2023

February 11, 2020 | About:

International Seismic Services Market (2020) research report is a pro and in depth study accessible available on the market size, growth, share, trends, as well as business analysis.

Get a sample copy of the report at-https://www.marketreportsworld.com/enquiry/request-sample/12343779

Global "Seismic Services" Market report (2020- 2023) objectives is to provide in-depth information about Seismic Services industry with market outlook, key trends, business plans, future prospect of industry. It comprehends market new product analysis, financial overview, strategies and marketing trends. Seismic Services market report also offers an overview of revenue, sales, product demand, and supply of data, cost, and growth analysis during the forecast year. It also studies the current market status with future trends that can affect the market growth rate and covers the major growth prospect over the forthcoming years.

Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states Seismic Services market trend, import/export, supply and consumption figures as well as cost, price, revenue and gross margin by regions, and other regions can be added.Seismic Services market forecast For the period of 2020-2023, this study provides the Seismic Services sales, revenue and market share for each player covered in this report.

TopManufacturersListed inthe Seismic Services Market Report are:

  • Agile Seismic LLC
  • BGP Inc.
  • CGG SA
  • Fugro NV
  • Geokinetics Inc.
  • Halliburton Co
  • ION Geophysical Corporation
  • Petroleum Geo-Services ASA
  • Polarcus Limited
  • SAExploration Holdings Inc.
  • Schlumberger Ltd.
  • Seabird Exploration PLC
  • Sigma Cubed Inc.
  • TGS Nopec Geophysical Co ASA
  • WGP Group Ltd.

Seismic Services are witnessing strong demand from activities ranging from exploration and production to monitoring reservoir life, hydraulic fracturing, waste injection, underground gas storage and mining, and others. In order to cater to growing needs, advanced seismic technologies are evolving, and can provide seismic images with high clarity, and deliver with the utmost speed, efficiency, and HSE sensitivity. The seismic services market is now witnessing a steady growth in the 4D survey technology and multi-client seismic projects across the globe. North America dominated the global market for seismic services, with almost 23% of the market share in 2016, and it is expected to dominate the market during the forecast period.

Quest for Shale Gas - Driving the Seismic Services Market

Globally, tapping the vast unconventional shale gas reserves has emerged as an answer to the growing energy needs. Encouraged by the US shale gas boom, countries across the globe with vast shale reserves, such as Canada, Argentina, China, Brazil, and others, have undertaken encouraging steps to increase oil and gas production from shale formations. However, shale gas extraction remains a complicated process, which requires high-precision seismic survey to make an accurate description of the reservoir characteristics, and distribution pattern of shale gas sweet spots. Furthermore, the need to develop reserves of oil and gas, from shale formation, requires the use of oilfield chemicals for hydraulic fracturing and horizontal drilling processes. This supports the need for seismic services, due to HSE sensitivity as well. Thus, the demand for seismic services is expected to remain high during the forecast period, due to a large number of scheduled shale gas exploration and development activities across the globe.

North America to Dominate the Market Growth

The North American region is expected to dominate the demand for seismic services during the forecast period, due to increasing commitment to ramp up domestic oil and gas production from its unconventional reserves, and the proposed plan to open up 90% of the Outer Continental Shelf, off the US coast. The Middle East and African region is expected to register one of the highest CAGR in the global seismic services market during the forecast period.

Increasing Exploration Activities Driving US Seismic Activities

The exploration and production activities for unconventional resources, such as shale oil/gas and tight gas, are expected to remain high during the forecast period. According to the US Energy Information Administration, the GOM production in 2016 set annual high of 1.6 million barrels per day (b/d), surpassing the previous record set in 2009 by 44,000 b/d. Market conditions improving significantly amid rising oil prices, coupled with the support of a new and favorable administration with pro-energy policies, which understands the strategic importance of a healthy oil and gas industry, exploration and production activities are expected to further supplement the US seismic activities. The BOEM released the Proposed Final Program (PFP) for the US Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2019-2022. The program includes 11 lease sales across four planning areas, 10 targeting the Gulf of Mexico and one in the US Arctic region. With US producers focusing on increasing production from existing fields and growing seismic applicability across the field lifecycle, the demand for seismic services is expected to surge further during the forecast period.

Key Developments in the Market

  • January 2018: The Norwegian Petroleum Directorate confirmed the successful acquisition of around 4,500 kilometers of 2D seismic data around Gardarbank High by the WG Columbus vessel.
  • January 2018: Lekoil will acquire 197 square kilometers of 3D seismic data at the Otakikpo Marginal Field in OML 11, in the Niger Delta, to update the existing 2D coverage.
  • December 2019: ExxonMobil to evaluate offshore Mauritania blocks.
  • October 2019: Searcher Seismic announced airborne survey over Gulf of Papua, covering 60,700 square kilometers.
  • September 2019: India to acquire seismic data of 48,000 line kilometers to boost oil, gas output.

Get a sample copy of the report at-https://www.marketreportsworld.com/enquiry/request-sample/12343779

Reasons to Purchase the Seismic Services Market Report:

- The report analyses how the shift towards safety will drive the global Seismic Services market.

- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.

- Study on the product type that is expected to dominate the market.

- Study on the regions that are expected to witness fastest Seismic Services Market growth during the forecast period.

- Identify the latest developments,Seismic Services market shares and strategies employed by the major market players.

- Analyzing what will be the Seismic Services Market size.

Enquire beforePurchasingthis report at-https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12343779

Major Points from Table of Contents:

  1. Executive Summary
    2. Research Methodology
    3. Global Seismic Services Market Overview
    3.1 Introduction
    3.2 Market Size and Demand Forecast Until 2023
    3.3 Recent Trends and Developments
    3.4 Government Rules and Regulations
    4. Market Dynamics
    4.1 Drivers
    4.2 Constraints
    4.3 Opportunities
    5. Value Chain Analysis
    6. Industry Attractiveness: Porter’s Five Forces Analysis
    6.1 Bargaining Power of Suppliers
    6.2 Bargaining Power of Consumers
    6.3 Threat of New Entrants
    6.4 Threat of Substitute Products and Services
    6.5 Competitive Rivalry
    7. Global Seismic Services Market Analysis, by Service Type (Overview, Market Size, and Demand Forecast until 2023)
    7.1 Data Acquisition
    7.2 Data Processing
    7.3 Data Interpretation
    8. Global Seismic Services Market Analysis, by Technology (Overview, Market Size, and demand Forecast until 2023)
    8.1 2D Imaging
    8.2 3D Imaging
    8.3 4D Imaging
    9. Global Seismic Services Market Analysis, by Geography (Overview, Market Size, and Demand Forecast until 2023)
    9.1 Asia-Pacific
    9.1.1 China
    9.1.2 Australia
    9.1.3 Malaysia
    9.1.4 India
    9.1.5 Rest of Asia-Pacific
    9.2 North America
    9.2.1 US
    9.2.2 Canada
    9.2.3 Rest of North America
    9.3 Europe
    9.3.1 United Kingdom
    9.3.1 Norway
    9.3.3 Russia
    9.3.4 Rest of Europe
    9.4 South America
    9.4.1 Brazil
    9.4.2 Argentina
    9.4.3 Peru
    9.4.4 Rest of South America
    9.5. Middle East and Africa
    9.5.1 Saudi Arabia
    9.5.2 UAE
    9.5.3 Iran
    9.5.4 Nigeria
    9.5.5 Algeria
    9.5.6 Rest of Middle East and Africa
    10. Key Company Analysis* (Overview, Business Segmentation, Financial Analysis**, Recent Development)
    10.1 Agile Seismic LLC
    10.2 BGP Inc.
    10.3 CGG SA
    10.4 Fugro NV
    10.5 Geokinetics Inc.
    10.6 Halliburton Co
    10.7 ION Geophysical Corporation
    10.8 Petroleum Geo-Services ASA
    10.9 Polarcus Limited
    10.10 SAExploration Holdings Inc.
    10.11 Schlumberger Ltd.
    10.12 Seabird Exploration PLC
    10.13 Sigma Cubed
    10.14 TGS Nopec Geophysical Co ASA
    10.15 WGP Group Ltd.
    11. Competitive Landscape
    11.1 Mergers and Acquisitions
    11.2 Joint Ventures, Collaborations and Agreements
    Appendix
    Contact Us
    Disclaimer
    (*List of companies is not exhaustive. Please let us know if you are interested in any company profile)
    (**Subject to availability on public domain)
    1. Executive Summary
    2. Research Methodology
    3. Global Seismic Services Market Overview
    3.1 Introduction
    3.2 Market Size and Demand Forecast Until 2023
    3.3 Recent Trends and Developments
    3.4 Government Rules and Regulations
    4. Market Dynamics
    4.1 Drivers
    4.2 Constraints
    4.3 Opportunities
    5. Value Chain Analysis
    6. Industry Attractiveness: Porter’s Five Forces Analysis
    6.1 Bargaining Power of Suppliers
    6.2 Bargaining Power of Consumers
    6.3 Threat of New Entrants
    6.4 Threat of Substitute Products and Services
    6.5 Competitive Rivalry
    7. Global Seismic Services Market Analysis, by Service Type (Overview, Market Size, and Demand Forecast until 2023)
    7.1 Data Acquisition
    7.2 Data Processing
    7.3 Data Interpretation
    8. Global Seismic Services Market Analysis, by Technology (Overview, Market Size, and demand Forecast until 2023)
    8.1 2D Imaging
    8.2 3D Imaging
    8.3 4D Imaging
    9. Global Seismic Services Market Analysis, by Geography (Overview, Market Size, and Demand Forecast until 2023)
    9.1 Asia-Pacific
    9.1.1 China
    9.1.2 Australia
    9.1.3 Malaysia
    9.1.4 India
    9.1.5 Rest of Asia-Pacific
    9.2 North America
    9.2.1 US
    9.2.2 Canada
    9.2.3 Rest of North America
    9.3 Europe
    9.3.1 United Kingdom
    9.3.1 Norway
    9.3.3 Russia
    9.3.4 Rest of Europe
    9.4 South America
    9.4.1 Brazil
    9.4.2 Argentina
    9.4.3 Peru
    9.4.4 Rest of South America
    9.5. Middle East and Africa
    9.5.1 Saudi Arabia
    9.5.2 UAE
    9.5.3 Iran
    9.5.4 Nigeria
    9.5.5 Algeria
    9.5.6 Rest of Middle East and Africa
    10. Key Company Analysis* (Overview, Business Segmentation, Financial Analysis**, Recent Development)
    10.1 Agile Seismic LLC
    10.2 BGP Inc.
    10.3 CGG SA
    10.4 Fugro NV
    10.5 Geokinetics Inc.
    10.6 Halliburton Co
    10.7 ION Geophysical Corporation
    10.8 Petroleum Geo-Services ASA
    10.9 Polarcus Limited
    10.10 SAExploration Holdings Inc.
    10.11 Schlumberger Ltd.
    10.12 Seabird Exploration PLC
    10.13 Sigma Cubed
    10.14 TGS Nopec Geophysical Co ASA
    10.15 WGP Group Ltd.
    11. Competitive Landscape
    11.1 Mergers and Acquisitions
    11.2 Joint Ventures, Collaborations and Agreements
    Appendix
    Contact Us
    Disclaimer
    (*List of companies is not exhaustive. Please let us know if you are interested in any company profile)
    (**Subject to availability on public domain)

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