North America Region to Dominate Offshore Oil & Gas Seismic Equipment and Acquisitions Solutions Market till 2024
Increasing focus on E&P activities in
challenging geographical areas, technological advancements and rising demand
for oil & gas to fuel demand for offshore oil and gas seismic equipment and
acquisitions solutions globally through 2024
According to a report
published by TechSci Research “Global
Offshore Oil & Gas Seismic Equipment and Acquisitions Solutions Market By Type, By Dimension, By Service Type, By Region,
Competition, Forecast & Opportunities, 2024”, global offshore oil and gas seismic equipment and
acquisitions solutions is forecast to surpass 890 million by 2024, on account
of stability in the crude oil price, rising investments in oil & gas
exploration activities and growing demand for fossil fuels globally. Moreover,
increasing number of offshore drilling activities and rising number of
strategic partnerships in oil & gas industry are further expected to boost
the global offshore oil and gas seismic equipment and acquisitions solutions
market. SeaBird Exploration, PGS, Schlumberger WesternGeco and Breckenridge
Geophysical are the major players operating in global offshore oil and gas
seismic equipment and acquisitions solutions market.
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In terms of dimension, global offshore
oil and gas seismic equipment and acquisitions solutions market is categorized
into 2D (2-dimensional) and 3D (3-dimensional), of which, 3D category accounts for majority of the global offshore
oil and gas seismic equipment and acquisitions solutions market. The category
is expected to remain as the largest during forecast period as well, as this
dimension is user friendly and continual rising usage of this technology for
identifying process of oil and gas reserves. Moreover, 3D also provides
accurate data compared with 2D. In by
Type segment, Seismometer accounted for the largest share in global offshore
oil and gas seismic equipment and acquisitions solutions market, on account of
rising investments in R&D for technological advancements and growing usage
while exploration of Shale Gas. Among regions, North America dominated the global
offshore oil and gas seismic equipment and acquisitions solutions market and is
anticipated to continue its dominance during the forecast period as well, on
account of presence of a large number deep and ultradeep offshore wells in the
region and growing demand for oil & gas.
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“As per British petroleum statistics, the
global primary energy consumption stood at around 13,865 MTOE (Million tonnes
of Oil Equivalent), as of 2019 and it is expected to reach around 20,000 MTOE
by 2040. Moreover growing technological advancements, rising exploration
activities and stability in crude oil prices are further expected to boost the
global offshore oil and gas seismic equipment and acquisitions solutions market
in the coming years.” said, Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Offshore Oil & Gas Seismic
Equipment and Acquisitions Solutions Market By Type, By Dimension, By Service
Type, By Region, Competition, Forecast & Opportunities, 2024,” has
evaluated the future growth potential of global offshore oil and gas seismic
equipment and acquisitions solutions market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in global offshore oil and gas seismic equipment and acquisitions solutions
market.
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