Logging While Drilling (LWD) Market – Trends Forecast Till 2030

1
Sustaining Momentum Logging While Drilling (LWD)
Market on Track with a CAGR of 7.6 from 2023-2030
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Logging While Drilling (LWD) Market Trends
Forecast Till 2030
The Logging While Drilling (LWD) Market research
report study discusses about market dynamics like
drivers, opportunities, restrictions, and
challenges. In addition, the report also
describes new and developing patterns and their
influence on current and future market dynamics.
The Logging While Drilling (LWD) Market research
report provides information about market
penetration that offers thorough data on the
market offered by the main market players. It
also offers analysis and awareness and analysis
about different factors during the projected
period.
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Market Overview
The global Logging While Drilling (LWD) Market
size is projected to reach a CAGR of 7.6 from
2023-2030. Logging While Drilling (LWD) is a
system that is applied in oil fields. LWD system
is used to get real-time data during the drilling
of the oil wells. LWD tools are used to determine
the physical properties of the bore well, such as
porosity, conductivity, density, saturation, and
others. Measurements by the LWD system provide
accurate information about the geological
formation while drilling. The real-time data
regarding the physical properties of the well
enables the operator to determine the rate of the
penetration of the drilling machine, optimize the
process and make decisions accordingly. LWD tools
help to enhance the drilling activity and to
improve the overall performance of the process.
LWD system can be used for onshore as well as
offshore purposes. The rise in industrialization
and urbanization all over the world is propelling
the demand for energy and power activities. The
surge in deep-water and unconventional energy and
power activities will also help earn high
logging-while-drilling market revenues.
Furthermore, the accelerating demand for
technical expertise for cost-competitive oil and
gas production is further expected to fuel the
Logging While Drilling Market growth.
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Market Overview
On the other hand, the volatile oil prices over
the recent period, owing to the supply-demand
gap, geopolitics, and several other factors have
been restraining the growth in the demand for
logging while drilling (LWD). The outbreak of
COVID-19 forced energy companies to decrease
their exploration and drilling activities and
development expenditure, which reduced the demand
for oil field services. The pandemic caused
geopolitical uncertainties, prolonged trade
tensions, and near-term demand disruptions. The
following factors have miserably affected the
market and are the major factors hindering market
growth.
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Delvens Industry Expert's Standpoint
The demand for logging while drilling (LWD) has
been hindered due to the fluctuating oil prices
caused by the supply-demand gap and geopolitical
tensions, among other factors. However, the South
American region is expected to experience the
highest growth rate during the forecast period
due to the rising oil and gas activities in the
region. Moreover, the discovery of new oil and
gas reserves and the liberalization of the
industry worldwide have opened up new investment
opportunities for players in the market. Riding
on the optimism associated with the recovery of
crude oil prices, onshore projects are expected
to record significant growth over the forecast
period, in turn, driving the demand for the
logging while drilling (LWD) market.
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Competitive Landscape

• Halliburton Company
• Baker Hughes Company
• Schlumberger Limited
• Weatherford International Ltd.
• Vallourec SA
• National Oilwell Varco Inc
• Scientific Drilling International, Inc
• China Oilfield Services Ltd

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Recent Developments

• October 31, 2019 - Weatherford International plc
  announced it has signed two contracts totaling
  67.4 million for drilling services with two
  major operators in Russia. The first contract
  spans two-and-a-half years. Operations began in
  July 2019 and will last through the end of 2022.
  The second contract is a three-year drilling
  services contract. Operations will begin in early
  2020 with Weatherford providing LWD, MWD, RSS,
  geo steering, and geo-data interpretation
  services at the Novyi Port oilfield on the Yamal
  Peninsula.
• July 17, 2019 - Halliburton Co. has introduced 3D
  reservoir mapping, a logging-while-drilling (LWD)
  capability that is said to provide a detailed
  representation of subsurface structures to
  improve well placement in complex reservoirs.

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Reasons to Acquire

• Increase your understanding of the market for
  identifying the most suitable strategies and
  decisions on the basis of sales or revenue
  fluctuations in terms of volume and value,
  distribution chain analysis, market trends, and
  factors.
• Gain authentic and granular data access for
  Logging While Drilling (LWD) Market to understand
  the trends and the factors involved in changing
  market situations.
• Qualitative and quantitative data utilization to
  discover arrays of future growth from the market
  trends of leaders to market visionaries and then
  recognize the significant areas to compete in the
  future.
• In-depth analysis of the changing trends of the
  market by visualizing the historic and forecast
  year growth patterns.

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Contact Information
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