Logging While Drilling (LWD) Market –Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Application (Onshore, Offshore {Shallow Water, Deepwater, Ultra-Deepwater}), By Region, By Competition Forecast and Opportunities

  • Industry : Oil and Gas
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  • Published Date : NA
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Summary

Report Description

Global Logging While Drilling (LWD) Market is anticipated to grow at a healthy CAGR during the forecast period, owing to the rising drilling and completion activities on a global scale. However, the fluctuating prices in recent years due to the supply-demand imbalance, geopolitics, and other factors have been preventing the growth of the market.

Transporting well logging equipment downhole as a component of the bottom hole assembly is known as logging while drilling. Measurement while drilling (MWD) and logging while drilling (LWD) are terms that are sometimes used interchangeably to refer to techniques and processes for gathering down-hole data while drilling without having to remove drill pipe from the well.

Increased Advantages of Logging While Drilling such as temperature maintenance, borehole pressure, vibration shock

It does away with the need for a logging truck in the logging process. Robotic logging technique reduces logging time and the need for additional equipment. Robotic logging has a number of advantages, including decreased NPT (Non-Proliferation of nuclear weapons), lower energy consumption, and a quicker response time. These benefits are thought to pave the way for the market's expansion. The development rate of the market for logging during drilling will be further accelerated by the rising number of oil and gas discoveries and the liberalization of the sector. Global drilling and completion activity expansion will also fuel market growth. Onshore projects are anticipated to support the market's expansion by riding the optimism brought on by the rebound of crude oil prices.


The Global Rise in Industrialization and Increase in Urbanization.

The need for energy and power generation is increased by the global rise in industrialization and urbanization. Increased deepwater and unconventional energy and power operations allow for increased market revenue from logging while drilling operations. The demand for technological advancements in oil and gas production that are cost-competitive is also expected to drive the expansion of the global logging during drilling market. Energy is a crucial component of development, therefore numerous rising nations are realizing the significance of E&P activities, which are expected to accelerate market expansion. The demand for logging while drilling services is expected to increase as a result of new advancements in the onshore oil and gas industry, increased exploration of unconventional resources, and the stability of crude oil prices.


Increasing Demand for Real-Time Formation Evaluation to Optimize the Production Cost

Oilfield service providers are strategically organizing the total exploration for affordable oil and gas production. To increase output, many procedures are utilized to improve the well's performance. Making informed judgements regarding the future well operations require accurate formation appraisal, which is fundamentally provided by logging while drilling. It not only enables the operator to obtain accurate well data but also lessens production-related challenges.



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Market Segmentation

The Global logging while drilling (LWD) market is divided into Application, Region and Competitive Landscape. Based on Application, the market is divided into Onshore, and Offshore, and Offshore is further segmented into Shallow Water, Deepwater, and Ultra-Deepwater.

Market Players

Major market players in the Global logging while drilling (LWD) market are Baker Hughes Company (U.S.), Schlumberger Limited (U.S.), Halliburton (U.S.), NOV Inc., (U.S.), Weatherford (U.S.), Nabors Industries Ltd. (Bermuda), APS Technology, Inc. (U.S.), Maxwell Downhole Technology (UK), Scientific Drilling International (Texas), PnnPlus  (China),

Recent Development

  • In October 2019, Weatherford acquired two drilling service contracts totaling USD 67.4 million from two significant Russian operators. The company will offer drilling, geo-data interpretation, rotary steerable systems (RSS), logging while drilling (LWD), measurement while drilling (MWD), and drilling services at several oilfields in Western Siberia.
  • In order to optimize well placement in challenging circumstances, Halliburton just introduced its 3D reservoir mapping in July 2019. This novel method of logging while drilling reveals specific aspects of the underlying structure. The new 3D mapping makes previously unnoticed characteristics, including faults, water zones, or local structural variation, that might significantly change the ideal landing trajectory of a well, visible.

National Oilwell Varco (NOV) released a report detailing the fourth quarter and full-year 2018 results in February 2019. The business reported USD 2.40 billion in revenue for the fourth quarter of 2018. By utilizing drilling (MWD) and logging while drilling services, the company continues to increase the global footprint of their measurements. NOV was given a contract in Northwest Africa by a contractor for a collection of Tolteq iSeries MWD tools and vector.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Application

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Russia, Germany, United Kingdom, France, Italy, Spain, Poland, Brazil, Argentina, Saudi Arabia, South Africa, UAE, Iraq

Key companies profiled

Baker Hughes Company (U.S.), Schlumberger Limited (U.S.), Halliburton (U.S.), NOV Inc., (U.S.), Weatherford (U.S.), Nabors Industries Ltd. (Bermuda), APS Technology, Inc. (U.S.), Maxwell Downhole Technology (UK), Scientific Drilling International (Texas), PnnPlus (China)

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global logging while drilling (LWD) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

           ·         Logging While Drilling (LWD) Market, By Application:

    • Onshore
    • Offshore
      • Shallow Water
      • Deepwater
      • Ultra-Deepwater

          ·          Logging While Drilling (LWD) Market, By Region:

o    North America

§  United States

§  Canada

§  Mexico

o    Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Thailand

§  Indonesia

§  Philippines

§  Australia

§  Singapore

§  Malaysia

§  Russia

o    Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Belgium

§  Netherlands

§  Switzerland

§  Spain

o    South America

§  Brazil

§  Argentina

o    Middle East & Africa

§  Saudi Arabia

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global logging while drilling (LWD) market.

Available Customizations:

Global logging while drilling (LWD) market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global logging while drilling (LWD) market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global logging while drilling (LWD) market

4.    Executive Summary

5.    Voice of Customers

6.    Global logging while drilling (LWD) Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Application (Onshore, offshore {Shallow Water, Deepwater, Ultra-Deepwater})

6.2.2.    By Region

6.2.3.    By Company

6.3.  Market Map

7.    North America Logging while drilling (LWD) Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Application

7.2.2.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Logging while drilling (LWD) Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Application

7.3.2.    Canada Logging while drilling (LWD) Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Application

7.3.3.    Mexico Logging while drilling (LWD) Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Application

8.    Asia-Pacific Logging while drilling (LWD) Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Application

8.2.2.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Logging while drilling (LWD) Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Application

8.3.2.    India Logging while drilling (LWD) Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Application

8.3.3.    Japan Logging while drilling (LWD) Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Application

8.3.4.    South Korea Logging while drilling (LWD) Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Application

8.3.5.    Australia Logging while drilling (LWD) Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Technique

8.3.6.    Singapore Logging while drilling (LWD) Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.           By Value 

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.           By Application

8.3.7.    Malaysia Logging while drilling (LWD) Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.           By Value 

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.           By Application

8.3.8.    Thailand Logging while drilling (LWD) Market Outlook

8.3.8.1.        Market Size & Forecast

8.3.8.1.1.           By Value 

8.3.8.2.        Market Share & Forecast

8.3.8.2.1.           By Application

8.3.9.    Indonesia Logging while drilling (LWD) Market Outlook

8.3.9.1.        Market Size & Forecast

8.3.9.1.1.           By Value 

8.3.9.2.        Market Share & Forecast

8.3.9.2.1.           By Application

8.3.10. Philippines Logging while drilling (LWD) Market Outlook

8.3.10.1.     Market Size & Forecast

8.3.10.1.1.         By Value 

8.3.10.2.     Market Share & Forecast

8.3.10.2.1.         By Application

8.3.11. Russia Logging while drilling (LWD) Market Outlook

8.3.11.1.     Market Size & Forecast

8.3.11.1.1.         By Value 

8.3.11.2.     Market Share & Forecast

8.3.11.2.1.         By Application

9.    Europe Logging while drilling (LWD) Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Application

9.2.2.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Logging while drilling (LWD) Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Application

9.3.2.    United Kingdom Logging while drilling (LWD) Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Application

9.3.3.    France Logging while drilling (LWD) Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Application

9.3.4.    Russia Logging while drilling (LWD) Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Application

9.3.5.    Spain Logging while drilling (LWD) Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Application

9.3.6.    Belgium Logging while drilling (LWD) Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.           By Value 

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.           By Application

9.3.7.    Italy Logging while drilling (LWD) Market Outlook.

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.           By Value 

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.                    By Application

9.3.8.    Switzerland Logging while drilling (LWD) Market Outlook

9.3.8.1.        Market Size & Forecast

9.3.8.1.1.           By Value 

9.3.8.2.        Market Share & Forecast

9.3.8.2.1.           By Application

9.3.9.    Netherlands Logging while drilling (LWD) Market Outlook

9.3.9.1.        Market Size & Forecast

9.3.9.1.1.           By Value 

9.3.9.2.        Market Share & Forecast

9.3.9.2.1.           By Application

10. South America Logging while drilling (LWD) Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Application

10.2.2. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Logging while drilling (LWD) Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Application

10.3.2. Argentina Logging while drilling (LWD) Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Application

11. Middle East & Africa Logging while drilling (LWD) Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Application

11.2.2. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Logging while drilling (LWD) Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Application

11.3.2. South Africa Logging while drilling (LWD) Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Application

11.3.3. UAE Logging while drilling (LWD) Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Application

11.3.4. Israel Logging while drilling (LWD) Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Application

11.3.5. Egypt Logging while drilling (LWD) Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value 

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Application

12. Market Dynamics

12.1. Drivers

12.1.1. Development and Investments

12.2. Challenges

12.2.1. Lack Of Research and Development

12.2.2. Volatile Prices

13. Market Trends & Developments

13.1.   Increased Advantages of Logging While Drilling

13.2.   The global rise in Industrialization

14. Company Profiles

14.1.              Baker Hughes Company (U.S.)

14.1.1. Business Overview

14.1.2. Key Revenue and Financials

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.             Schlumberger Limited (U.S.)

14.2.1. Business Overview

14.2.2. Key Revenue and Financials

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             Halliburton (U.S.)

14.3.1. Business Overview

14.3.2. Key Revenue and Financials

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.              NOV Inc., (U.S.)

14.4.1. Business Overview

14.4.2. Key Revenue and Financials

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             Weatherford (U.S.)

14.5.1. Business Overview

14.5.2. Key Revenue and Financials

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             Nabors Industries Ltd. (Bermuda)

14.6.1. Business Overview

14.6.2. Key Revenue and Financials

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.             APS Technology, Inc. (U.S.)

14.7.1. Business Overview

14.7.2. Key Revenue and Financials

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.             Maxwell Downhole Technology (UK)

14.8.1. Business Overview

14.8.2. Key Revenue and Financials

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.             Scientific Drilling International (Texas)

14.9.1. Business Overview

14.9.2. Key Revenue and Financials

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.          PnnPlus (China)

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

15. Strategic Recommendations

15.1.   Key focus on North America

15.2.   Key segment in Application

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Figures and Tables

Frequently asked questions

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The key players in the market include Baker Hughes Company (U.S.), Schlumberger Limited (U.S.), Halliburton (U.S.), NOV Inc., (U.S.), Weatherford (U.S.), Nabors Industries Ltd. (Bermuda), APS Technology, Inc. (U.S.), Maxwell Downhole Technology (UK), Scientific Drilling International (Texas), PnnPlus (China) and others.

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The major segments in the Global logging while drilling (LWD) market are Application.

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The dominant region in Global logging while drilling (LWD) market is North America. This can be attributed to the region's rapidly expanding oil and gas activities.

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The main challenges faced by Global logging while drilling (LWD) market are lack of research and development and volatile prices.

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Parvati Sharma

Account Manager BD
Press Release

Logging While Drilling (LWD) Market expected to Register a high CAGR through 2028

Feb, 2023

Increased advantages of logging while drilling and Increasing Demand for Real-Time Formation Evaluation to Optimize the Production Cost is expected to drive the demand in Global logging while drillin

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