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Seismic Services Market Trend 2020 – Covid-19 Impact Industry Research, Share, Trend, Industry Size, Price, Future Analysis, Regional Outlook to 2024 Research Report

Seismic

Global “Seismic Services Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Seismic Services in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Seismic Services Market report categorizes the market based on manufacturers, regions, type and application. Seismic Services Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.

Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Seismic Services Market report categorizes the market based on manufacturers, regions, type, and application. Seismic Services Market reports offer a detailed assessment of the Seismic Services including enabling technologies, current market situation, market assumptions, restraining factors.

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List of Top Key-players in 2020 of Seismic Services Market:-

  • Agile Seismic LLC
  • BGP Inc.
  • CGG SA
  • Fugro NV
  • Geokinetics Inc.
  • Halliburton Co
  • ION Geophysical Corporation
  • Petroleum Geo-Services ASA
  • Polarcus Limited
  • SAExploration Holdings Inc.
  • Schlumberger Ltd.
  • Seabird Exploration PLC
  • Sigma Cubed Inc.
  • TGS Nopec Geophysical Co ASA
  • WGP Group Ltd.

The Global Seismic Services market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Seismic Services are witnessing strong demand from activities ranging from exploration and production to monitoring reservoir life, hydraulic fracturing, waste injection, underground gas storage and mining, and others. In order to cater to growing needs, advanced seismic technologies are evolving, and can provide seismic images with high clarity, and deliver with the utmost speed, efficiency, and HSE sensitivity. The seismic services market is now witnessing a steady growth in the 4D survey technology and multi-client seismic projects across the globe. North America dominated the global market for seismic services, with almost 23% of the market share in 2016, and it is expected to dominate the market during the forecast period.

Quest for Shale Gas – Driving the Seismic Services Market

Globally, tapping the vast unconventional shale gas reserves has emerged as an answer to the growing energy needs. Encouraged by the US shale gas boom, countries across the globe with vast shale reserves, such as Canada, Argentina, China, Brazil, and others, have undertaken encouraging steps to increase oil & gas production from shale formations. However, shale gas extraction remains a complicated process, which requires high-precision seismic survey to make an accurate description of the reservoir characteristics, and distribution pattern of shale gas sweet spots. Furthermore, the need to develop reserves of oil and gas, from shale formation, requires the use of oilfield chemicals for hydraulic fracturing and horizontal drilling processes. This supports the need for seismic services, due to HSE sensitivity as well. Thus, the demand for seismic services is expected to remain high during the forecast period, due to a large number of scheduled shale gas exploration and development activities across the globe.

North America to Dominate the Market Growth

The North American region is expected to dominate the demand for seismic services during the forecast period, due to increasing commitment to ramp up domestic oil & gas production from its unconventional reserves, and the proposed plan to open up 90% of the Outer Continental Shelf, off the US coast. The Middle East & African region is expected to register one of the highest CAGR in the global seismic services market during the forecast period.

Increasing Exploration Activities Driving US Seismic Activities

The exploration and production activities for unconventional resources, such as shale oil/gas and tight gas, are expected to remain high during the forecast period. According to the US Energy Information Administration, the GOM production in 2016 set annual high of 1.6 million barrels per day (b/d), surpassing the previous record set in 2009 by 44,000 b/d. Market conditions improving significantly amid rising oil prices, coupled with the support of a new and favorable administration with pro-energy policies, which understands the strategic importance of a healthy oil & gas industry, exploration and production activities are expected to further supplement the US seismic activities. In 2016, the BOEM released the Proposed Final Program (PFP) for the US Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022. The program includes 11 lease sales across four planning areas, 10 targeting the Gulf of Mexico and one in the US Arctic region. With US producers focusing on increasing production from existing fields and growing seismic applicability across the field lifecycle, the demand for seismic services is expected to surge further during the forecast period.

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The global Seismic Services market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of Seismic Services Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Key Developments in the Seismic Services Market:

  • January 2018: The Norwegian Petroleum Directorate confirmed the successful acquisition of around 4,500 kilometers of 2D seismic data around Gardarbank High by the WG Columbus vessel.
  • January 2018: Lekoil will acquire 197 square kilometers of 3D seismic data at the Otakikpo Marginal Field in OML 11, in the Niger Delta, to update the existing 2D coverage.
  • December 2017: ExxonMobil to evaluate offshore Mauritania blocks.
  • October 2017: Searcher Seismic announced airborne survey over Gulf of Papua, covering 60,700 square kilometers.
  • September 2017: India to acquire seismic data of 48,000 line kilometers to boost oil, gas output.

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    This Seismic Services Market Research/analysis Report Contains Answers to your following Questions

    • Which Manufacturing Technology is Used for Seismic Services? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
    • Who Are the Global Key Players in This Seismic Services Market? What’s Their Company Profile, Their Product Information, Contact Information?
    • What Was Global Market Status of Seismic Services Market? What Was Capacity, Production Value, Cost and PROFIT of Seismic Services Market?
    • What Is Current Market Status of Seismic Services Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Seismic Services Market by Taking Applications and Types in Consideration?
    • What Are Projections of Global Seismic Services Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
    • What Is Seismic Services Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
    • What Is Economic Impact On Seismic Services Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
    • What Are Market Dynamics of Seismic Services Market? What Are Challenges and Opportunities?
    • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Seismic Services Industry?

    Reasons to Purchase this Report

  • Identify the drivers, restraints, and opportunity possessed by the global seismic services market with in-depth analysis.
  • Analyze the various perspectives of the market with the help of Porter’s five forces analysis.
  • Identify the most dominating type of service with forecast of market estimate in the global seismic services market.
  • Identify the largest, fastest-growing, and significant regions during the forecast period with in-depth analysis.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate sheet (in excel).

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    Finally, the report Global Seismic Services Market 2020 describes the Seismic Services industry expansion game plan, the Seismic Services industry knowledge supply, appendix, analysis findings, and the conclusion.

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