TransparencyMarket Research has released a new market report titled WirelineServices Market Global Industry Analysis, Size, Share, Growth, Trends, andForecast 2014 2022. According to this report, the global wirelineservices market revenue for stood at USD 18,052.1million in 2013 and is expected to reach USD 33,845.2 by 2022 at a CAGR of8.94% from 2014 to 2022.
Wireline isa cabling technology used to lower measurement devices and equipment inside thewell for the purpose of well intervention, logging, completion, and reservoirevaluation. The measurement tools and equipment provide real-time data from thewells which helps field engineers to control the process parameters. Wirelineservices can be segmented on the basis of technology into slickline andelectric line. Slickline consists of a metal wire of diameters ranging from0.108 to 0.125 inches. Electric line comes in the category of strong andheavier wirelines. The inner wire in electric line is insulated and transmitselectrical power to other electric tools and equipment inside the wellbore.Companies providing wireline services offer the same in two forms: wirelinefleets or wireline units mounted along with the drilling rig.
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Electricline services are primarily required for well logging and tube-perforatingoperations that require continuous evaluation through electric tools. Electricline and slickline services are different for open-hole and cased-hole welloperations. Open-hole operations involve the deployment of electric toolsthrough the electric line into a newly drilled well. Cased-hole operationsinvolve the evaluation of the well through deployment of evaluation tools afterthe completion process or when the well is packed with casing. Slicklineservices are primarily used for recovering and placing the wellbore equipmentinto the well. In offshore regions, slicklines are used in the form of braidedlines to lower the blowout preventer (BOP) and other supporting equipment tothe surface. Slickline services accounted for nearly 70% share of the wirelineservices market in 2013. Slickline services are very important for maintainingthe production levels of wells through logging and intervention processes.
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Thewireline services market has also been segmented on the basis of applicationinto well intervention, well logging, and well completion. The interventionprocess is an operation carried out on hydrocarbon wells for estimating thefeasibility of conducting secondary recovery procedures in order to boost theproduction rates of the well. The well intervention operations improveperformance by increasing the operational life of a mature well. The wellintervention segment accounted for the lowest percentage of the total wirelineservices market in 2013. Well logging is primarily based on carrying outphysical measurement of geophysical logs. This is done through visualinspection of a log or through electric tools lowered into the wellbore.Slicklines are preferably utilized for taking samples of a log from thewellbore for visual inspection. On the contrary, electric lines are used to getreal-time data through an electric tool. Well completion mainly requireswireline services for continuous monitoring purposes. For the completionprocesses, there are a series of operations that require wireline services,especially to ensure safe installation. The well completion application segmentaccounted for nearly 65% share of the total wireline services market in2013.
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In thefuture, the requirement of wireline services is expected to increase graduallyas a result of rise in drilling activities and exploration of unconventionalhydrocarbon sources across the globe.
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