How To Get A Fabulous Reservoir Analysis Market On A Tight Budget
The global reservoir analysis market size will grow by USD 2.49
billion during 2019-2023. This market report provides a detailed
analysis of the market by application (onshore and offshore) and
geography (APAC, Europe, Middle East and Africa, North America, and
South America). Also, the report analyzes the market’s competitive
landscape and offers information on several market vendors including ALS
Ltd., Baker Hughes, a GE Co. LLC, Halliburton Co., Schlumberger Ltd.,
and Weatherford International Plc.
Companies in the oil and gas industry are making significant investments towards developing enhanced recovery methods that will help in maximizing production from mature oil and gas fields. Emerging economies such as India and China have also increased their upstream E&P activities in new field developments to cater to the rising demand for crude oil and gas. These new and mature field developments will boost the demand for better reservoir analysis tools to maximize recovery and profits from oil and gas fields. As a result of these factors, the reservoir analysis market will register a CAGR of over 5% during the forecast period.
To
identify growth opportunities in the reservoir analysis market, the
market has been segmented into regions that are growing faster than the
overall market. These regions have been pitted against regions that have
a slower growth rate than the global market in 2018-2023. APAC and
North America will grow faster than the overall market. The growth of
Europe, Middle East and Africa, and South America will be slower than
the global market.
Some of the key findings from this reservoir analysis market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global reservoir analysis industry overview
The rising demand for energy has created the need for advanced techniques to maximize production from oil and gas fields. The accurate modeling offered by reservoir analysis aids oil and gas operators in decision making by estimating field performance under various production schemes. Specialized coal bed methane (CBM) simulators are also being employed for reservoir simulation of CBM production. These advanced reservoir simulation techniques will encourage oil and gas companies to explore unconventional and untapped reservoirs. Technical advances in reservoir modeling will have a significant impact on the growth of the global reservoir analysis market.Companies in the oil and gas industry are making significant investments towards developing enhanced recovery methods that will help in maximizing production from mature oil and gas fields. Emerging economies such as India and China have also increased their upstream E&P activities in new field developments to cater to the rising demand for crude oil and gas. These new and mature field developments will boost the demand for better reservoir analysis tools to maximize recovery and profits from oil and gas fields. As a result of these factors, the reservoir analysis market will register a CAGR of over 5% during the forecast period.
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