Reservoir Analysis Market Overview, Trends and Global Forecasts to 2023

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Reservoir Analysis Market categorizes the global
market by Service (Reservoir Simulation,
Geo-Modeling, Data Acquisition Monitoring and
Reservoir Sampling Services), Application
(Onshore and Offshore) and Geography
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"Reservoir Analysis Market by Service (Geo
Modeling, Reservoir Simulation, Data
Acquisition Monitoring, and Reservoir
Sampling), Application (Onshore Offshore),
Reservoir Type (Conventional Unconventional),
and Region - Global Forecast to 2022 The
reservoir analysis market is expected to grow
from an estimated USD 7.32 Billion in 2017 to USD
8.95 Billion by 2022, at a CAGR of 4.11. This
growth is attributed to the increase in energy
demand from emerging economics, increasing focus
on mature oil gas fields, new field
developments, and increased reliability in
reservoir analysis due to technology
advancements. PDF Brochure
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Data acquisition and monitoring services The
largest segment of the reservoir analysis market,
by service, in 2017 Data acquisition and
monitoring services held the largest share in the
reservoir analysis market. Data acquisition and
monitoring services helps to enhance reservoir
functionality and optimize production by
providing real time information with a faster
decision cycle. Various equipment and software
are used to perform the data acquisition task.
The tools that are used includes memory gauges,
surface readout tools, and surface measuring
equipment, which are used to get accurate and
real time data of a well. Increase in EP
activities from unconventional resources is
expected to increase the demand for data
acquisition and monitoring services. Request
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The onshore sub-segment is estimated to have the
highest growth rate in the reservoir analysis
market, by application The onshore segment is
expected to dominate the reservoir analysis
market and is also expected to grow at the
fastest rate during the forecast period. In the
Middle East and North American region, the
maximum number of oilfields are located onshore,
and, thus, exploration production activities
carried out in these regions are expected to
drive the onshore segment during the forecast
period. Request for Customization
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Unconventional sub-segment is estimated to have
the highest growth rate in the reservoir analysis
market, by resource type The development of new
technologies, such as hydraulic fracturing and
directional or horizontal drilling and the
abundance of unconventional resources globally,
have led to an increase in the exploration
production from unconventional resources. These
factors are expected to drive the unconventional
reservoir analysis market at the fastest rate
during the forecast period. Request Sample
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North America The largest market for reservoir
analysis in 2017 The market in North America is
currently the largest market of the reservoir
analysis market, closely followed by
Asia-Pacific. Technological advancements in
drilling, such as long-reach horizontal well
bores and completion techniques, such as
multi-stage hydraulic fracturing, have led to an
increase in EP from unconventional resources and
is driving the reservoir analysis market in this
region. The market in the U.S. dominates the
North American market, followed by Canada and
Mexico. The market in the U.S. surpassed the
markets in Russia and Saudi Arabia, and became
the worlds top producer of petroleum and natural
gas hydrocarbons in 2015. These players include
Schlumberger Limited (U.S.), Halliburton Company
(U.S.), Baker Hughes Incorporated (U.S.),
Weatherford International, PLC (Switzerland),
Roxar Software Solutions AS (Norway), SGS SA
(Switzerland), Core Laboratories (U.S.), ALS Oil
Gas (Australia), CGG SA (France), Expro
International Group Holding, Ltd. (U.K.), and
Trican Well Service Limited (Canada) among others.
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