South America Geosteering Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Logging While Drilling (LWD), Measurement-While-Drilling (MWD), Rotary Steerable Systems (RSS), Drive Systems, and Others) and Application (Petroleum Development, Natural Gas Transportation, and Others)

Code: TIPRE00015413 | Pages: 106 | Industry: Manufacturing and Construction | Date: Oct 2020
Covid

Market Introduction

Geosteering technology helps in adjusting well placement while drilling to enhance the well's overall performance. Geosteering technology uses the analysis of drilling cuttings data, the combination of real-time electronic logs, and other details from various tools to gain insights into the drilled rock layer. Geosteering technology provides real-time information with 2D and 3D projections of the land around the oil wells. The SAM geosteering technology market growth is majorly driven by the growing petroleum sector in the Brazil and Argentina. The growing population is driving the demand for oil and gas across SAM, leading to an increased usage of geosteering technology which is driving the. SAM geosteering technology market. The increasing oil well drilling activities at the regional level is also driving the growth of the SAM geosteering technology market. Moreover, increasing demand for rotary steerable systems (RSS) by oil & gas companies in the region is also anticipated to propel the SAM geosteering technology market growth. Furthermore, increasing investments in offshore projects will drive the SAM geosteering technology market growth in the forthcoming years. Also, other factors such as increasing demand for precise real-time information to achieve highest production and escalating production of shale and resulting rise in horizontal and unconventional drilling are expected to create significant demand of geosteering technology, which will drive the SAM geosteering technology market.
Furthermore, in case of COVID-19, SAM is highly affected especially Brazil. The Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. Among the SAM countries, Brazil continues to occupy a dominant position in the region’s overall oil producing capabilities. The country also witnessed a major decline in its oil drilling activities following the huge decline in oil prices and subsequent limited drilling activities similar to other global market players which has affected the SAM geosteering technology market. Thus, the country also registered a sharp decline in the demand for geosteering technologies owing to the outbreak of COVID-19 across the SAM region and subsequent lower business activities in the oil & gas sector. Other SAM countries have also witnessed significant negative impact of COVID-19 in their demand for overall oil & gas and subsequently the geosteering related solution as well as services in the wake of global pandemic which has affected the SAM geosteering technology market. Hence, the SAM geosteering technology market witnessed substantial decline in demand during the early months for the year 2020. The coronavirus outbreak's impact is anticipated to be quite severe in the year 2020 and likely in 2021. Hence, the ongoing COVID-19 crisis and critical situation will impact the geosteering technology market growth of the SAM region for the next few quarters.


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Market Overview and Dynamics

The geosteering technology market in SAM is expected to grow from US$ 1,146.47 million in 2019 to US$ 1,926.00 million by 2027; it is estimated to grow at a CAGR of 10.6 % from 2020 to 2027. Upswing in demand for intensive research and development (R&D) is expected to accelerate the SAM geosteering technology market. Advances in technology and improved focus on natural gas production are expected to increase geosteering technology demand during forecast period across SAM. The upswing in demand for intensive R&D across SAM has led to the development of advanced products to meet process requirements thereby driving the SAM geosteering technology market. High pressure, high temperature, and ultra-Deepwater of new reservoirs create challenges for the market, resulting in innovative solutions. For example, Halliburton unveiled VisiTrak geospatial navigation and logging while drilling (LWD) analysis for merging reservoir navigation and advanced pre-well modeling to enhance efficiency and enable optimum well-placement for improved hydrocarbon recovery. Different challenges in the field of drilling have increased the demand for intensive R & D, which has led to the development of advanced products and technology such as geosteering technology, which ultimately drives the SAM geosteering technology market.

Key Market Segments

In terms of product, the logging while drilling (LWD) segment accounted for the largest share of the SAM geosteering technology market in 2019. Similarly, in terms of application, the petroleum development segment held a larger market share of the SAM geosteering technology market in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SAM geosteering technology market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cougar Drilling Solution Inc.; Emerson Paradigm Holding LLC; Exlog; Geonaft; Halliburton Energy Services, Inc.; ROGII Inc.; Schlumberger Limited.

Reasons to buy report

  • To understand the SAM geosteering technology market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM geosteering technology market
  • Efficiently plan M&A and partnership deals in SAM geosteering technology market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM geosteering technology market
  • Obtain market revenue forecast for geosteering technology market by various segments from 2020-2027 in SAM region.

SAM Geosteering Technology Market Segmentation

SAM Geosteering Technology Market - By Product

  • Logging While Drilling (LWD)
  • Measurement-While-Drilling (MWD)
  • Rotary Steerable Systems (RSS)
  • Drive Systems
  • Others      

SAM Geosteering Technology Market - By Application

  • Petroleum Development
  • Natural Gas Transportation
  • Others

SAM Geosteering Technology Market - By Country

  • Brazil
  • Argentina
  • Rest of SAM

SAM Geosteering Technology Market - Company Profiles

  • Cougar Drilling Solution Inc.
  • Emerson Paradigm Holding LLC
  • Exlog
  • Geonaft
  • Halliburton Energy Services, Inc.
  • ROGII Inc.
  • Schlumberger Limited

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           SAM Geosteering Technology Market Landscape

4.1         Market Overview

4.2         SAM PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           SAM Geosteering Technology Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Demand for Precise Real-Time Information to Achieve Highest Production

5.1.2        Escalating Production of Shale and Resulting Rise in Horizontal and Unconventional Drilling

5.2         Market Restraints

5.2.1        High Costs Involved

5.3         Market Opportunities

5.3.1        Surge in Initiatives by Market Players for Digitization of Geosteering Technology

5.4         Future Trends

5.4.1        Upswing in Demand for Intensive R&D

5.5         Impact Analysis of Drivers and Restraints

6.           Geosteering Technology Market – SAM Analysis

6.1         SAM Geosteering Technology Market Overview

6.2         SAM Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           SAM Geosteering Technology Market Analysis – By Product

7.1         Overview

7.2         SAM Geosteering Technology Market, By Product (2019 and 2027)

7.3         Logging While Drilling

7.3.1        Overview

7.3.2        Logging While Drilling: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

7.4         Measurement-While-Drilling

7.4.1        Overview

7.4.2        Measurement-While-Drilling: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

7.5         Rotary Steerable Systems

7.5.1        Overview

7.5.2        Rotary Steerable Systems: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

7.6         Drive Systems

7.6.1        Overview

7.6.2        Drive Systems: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

8.           SAM Geosteering Technology Market Analysis – By Application

8.1         Overview

8.2         SAM Geosteering Technology Market, By Application (2019 and 2027)

8.3         Petroleum Development

8.3.1        Overview

8.3.2        Petroleum Development: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

8.4         Natural Gas Transportation

8.4.1        Overview

8.4.2        Natural Gas Transportation: Geosteering Technology Market – Revenue, and Forecast to 2027  (US$ Million)

8.5         Others

8.5.1        Overview

8.5.2        Others: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.           SAM Geosteering Technology Market – Country Analysis

9.1         Overview

9.1.1        SAM: Geosteering Technology Market, by Key Country

9.1.1.1          Brazil: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.1.1          Brazil: Geosteering Technology Market, by Product

9.1.1.1.2          Brazil: Geosteering Technology Market, by Application

9.1.1.2          Argentina: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.2.1          Argentina: Geosteering Technology Market, by Product

9.1.1.2.2          Argentina: Geosteering Technology Market, by Application

9.1.1.3          Rest of SAM: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

9.1.1.3.1          Rest of SAM: Geosteering Technology Market, by Product

9.1.1.3.2          Rest of SAM: Geosteering Technology Market, by Application

10.        Impact of COVID-19 Pandemic – SAM Geosteering Technology Market

10.1      SAM: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Market Initiative

11.2      Merger and Acquisition

11.3      New Development

12.        Company Profiles

12.1      Cougar Drilling Solution Inc.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Emerson Paradigm Holding LLC

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Exlog

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Geonaft

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Halliburton Energy Services, Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      ROGII Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Schlumberger Limited

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             SAM Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             Brazil: Geosteering Technology Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 3.             Brazil: Geosteering Technology Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 4.             Argentina: Geosteering Technology Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Argentina: Geosteering Technology Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Rest of SAM: Geosteering Technology Market, by Product –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Rest of SAM: Geosteering Technology Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.             List of Abbreviation

LIST OF FIGURES

Figure 1.           SAM Geosteering Technology Market Segmentation

Figure 2.           SAM Geosteering Technology Market Segmentation – By Country

Figure 3.           SAM Geosteering Technology Market Overview

Figure 4.           SAM Geosteering Technology Market Outlook

Figure 5.           SAM Geosteering Technology Market – Product Analysis

Figure 6.           SAM Geosteering Technology Market – Application Analysis

Figure 7.           SAM Geosteering Technology Market – Country Analysis

Figure 8.           SAM: PEST Analysis

Figure 9.           SAM Geosteering Technology Market – Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        SAM Geosteering Technology Market Impact Analysis of Drivers and Restraints

Figure 12.        SAM Geosteering Technology Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        SAM Geosteering Technology Market Revenue Share, by Product (2019 and 2027)

Figure 14.        SAM Logging While Drilling: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.        SAM Measurement-While-Drilling: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        SAM Rotary Steerable Systems: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        SAM Drive Systems: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        SAM Others: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        SAM Geosteering Technology Market Revenue Share, by Application (2019 and 2027)

Figure 20.        SAM Petroleum Development: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.        SAM Natural Gas Transportation: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 22.        SAM Others: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23.        SAM: Geosteering Technology Market Revenue Share, by Key Country (2019 and 2027)

Figure 24.        Brazil: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 25.        Argentina: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 26.        Rest of SAM: Geosteering Technology Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic on SAM Country Markets

 

  1. Cougar Drilling Solution Inc.
  2. Emerson Paradigm Holding LLC
  3. Exlog
  4. Geonaft
  5. Halliburton Energy Services, Inc.
  6. ROGII Inc.
  7. Schlumberger Limited

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM geosteering technology market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in SAM geosteering technology market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth SAM market trends and outlook coupled with the factors driving geosteering technology market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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