The United States reservoir
engineering services market is expected to grow at a substantial rate over the
forecast period. Reservoir engineering is defined as a process which is used
for evaluating performance of a reservoir by monitoring and evaluating its pores,
rocks, and fluid flow data. Through various software and advanced integrated
technologies, it optimizes the reservoir performance by reducing the effects of
the risk involved in operations of the reservoirs. The key factors responsible for
the growth of United States reservoir engineering service market are urgent
need for energy to cope up with the end uses, increasing oil & gas
production and growing need of numerical reservoir modelling, well testing,
production forecasting, well drilling, workover planning and economic modelling.
These reservoirs have various applications in industries such as automotive,
aviation, electricity generation, and others as they produce oil, gas, and
coal, as a source of energy, thereby aiding the growth of United States
reservoir engineering services market.
However, some of the impending
challenges confronting the market over the forecast period are high cost of
equipment and risk of operation which can be attributed to the use of a
combination of flammable chemicals and requirement of high temperature &
pressure.
The United States reservoir
engineering services market is segmented based on service, application, reservoir
type, region and company. Based on service, the market can be segmented into geo modeling, & reservoir
simulation, data acquisition & monitoring, and reservoir sampling. Among
them, data acquisition and monitoring services held the largest market share
until 2020 and is anticipated to maintain its lead during the forecast period
as well. These services help to enhance
functionality of the reservoir and optimize production by giving real time
information with a faster decision cycle. Furthermore, increase in E&P
activities from unconventional resources is projected to increase the demand
for data acquisition and monitoring services.
Major players operating in the
United States reservoir engineering services market include Schlumberger
Limited, Halliburton Company, Baker Hughes Incorporated, Weatherford
International, PLC, Core Laboratories, Geokinetics, Paradigm and ALS Oil &
Gas. The companies are developing advanced services to stay competitive in the market.
Objective of the Study:
- To analyze and forecast the market size of United
States reservoir engineering services market.
- To classify and forecast United States
reservoir engineering services market based on service, application, reservoir
type, company and regional distribution.
- To identify drivers and challenges for United
States reservoir engineering services market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in United
States reservoir engineering services market.
- To conduct pricing analysis for United States
reservoir engineering services market.
- To identify and analyze the profile of leading
players operating in United States reservoir engineering services market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the region. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major players across the region.
TechSci Research calculated the market size of United States reservoir engineering
services market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Reservoir engineering service
providers
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to reservoir engineering services
- Market research and
consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc., besides allowing them
in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Years
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2017 – 2020
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Estimated Year
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2022E
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Forecast Period
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2023F – 2027F
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Service
·
Application
·
Reservoir Type
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Region Scope
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South-Region, West-Region, Mid-West Region & Northeast-Region
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Key Companies Profiled
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Schlumberger Limited, Halliburton Company, Baker Hughes
Incorporated, Weatherford International, PLC, Core Laboratories, Geokinetics,
Paradigm and ALS Oil & Gas
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, United States
reservoir engineering services market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
- United States Reservoir Engineering Services Market,
By Service:
- Geo Modeling, & Reservoir Simulation
- Data Acquisition & Monitoring
- Reservoir Sampling
- United States Reservoir Engineering Services Market,
By Application:
- United States Reservoir Engineering Services Market, By Reservoir
Type:
o Conventional
o Unconventional
- United States Reservoir Engineering Services, By Regions:
o
West
o North-East
o Mid-West
o
South
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in the United States reservoir engineering services market.
Available
Customizations:
With the given market data, TechSci
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).
It 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]