Reservoir Analysis Market by Service (Geo Modeling, & Reservoir Simulation, Data Acquisition & Monitoring, and Reservoir Sampling), Application (Onshore & Offshore), Reservoir Type (Conventional & Unconventional), and Region - Global Forecast to 2022
[164 Pages Report] The global reservoir analysis market is estimated to be USD 7.32 Billion in 2017, and is expected to grow at a CAGR of 4.11%, from 2017 to 2022. This growth is attributed to increasing focus on mature oil & gas fields and new field developments, increase in energy demand from emerging economics, and increased reliability in reservoir analysis due to technology advancements.
The years considered for the study are as follows:
- Base Year- 2016
- Estimated Year- 2017
- Projected Year- 2022
- Forecast Period- 2017 to 2022
The year 2016 has been considered as the base year for company profiles. Where information was unavailable for the base year, the prior year has been considered.
Selected Market Dynamics in Reservoir Analysis Market
Increased reliability in reservoir analysis due to technological advancements
Current reservoir analysis technologies have improved continuously for better reservoir understanding, more accurate short- and long-term production forecasting, and lower operational costs. The current low oil prices has forced the industry to become more efficient at using existing technologies. An important means of quantifying the reservoir uncertainty is to create realistic geological and structural models through 3D modeling and updating these models in real time. New approaches and models are being developed for operational optimization and future production behavior predictions, especially in unconventional reservoirs. Interwell tracers are being tested for their applicability in different mineralogies and their complete implementation in new reservoirs. Temperature and acoustic measurements with fiber-optic technologies are getting developed to aid heavy oil reservoir monitoring. These current advancements in efficiency and innovation are leading to great success and, thereby, leading to the growing adoption of reservoir analysis to reduce reservoir uncertainties at low incremental cost.
Political issues & technological restraints make it difficult to access oil & gas reserves
With the growing demand of natural resources, the oil & gas industry demands a more diverse set of human, political, mechanical, and technological capabilities. Competition for natural resources has driven companies to explore and produce in harsh, remote, and even hostile locations, where even the simplest of logistical tasks can be difficult and costly.
Some of the regions have been experiencing political unrest, which has affected the activities related to oil & gas. The oil & gas blocks or fields allotment process is affected by political influence in some countries. Such political issues make it difficult to access new fields and reservoirs that ultimately affect the reservoir analysis market. Local communities have been opposing newly developed techniques such as hydraulic fracturing, reservoir simulation, reservoir monitoring, and others in many areas citing environment pollution issues. Issues related to exploration, production rights, and restrictions to the entry of foreign players have an impact on the local as well as global markets.
Moreover, countries lacking technological expertise also hamper growth of the reservoir analysis market, mainly due to inefficient exploitation of resources.
Objectives of the Study
- To define, describe, and forecast the global market on the basis of service, application, and region
- To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry specific challenges)
- To strategically analyze the market with respect to individual growth trends, future expansions, and contribution to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the expansion of the market with respect to main regions (North America, South America, Europe, Asia-Pacific, the Middle East, and Africa)
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To benchmark players within the market using proprietary Vendor DIVE framework, which analyzes market players on various parameters within broad categories of business and product strategy
- To track and analyze competitive developments, such as contracts & agreements, mergers & acquisitions, new product developments, and research and development in the global market
Research Methodology
This research study involved the use of extensive secondary sources, such as, directories, including databases such as International Energy Agency (IEA), papers, reservoir analysis magazines, and publications, Factiva, OneSource, company annual reports and presentations, the U.S. Department of Energy and Environmental Protection Agency publications, and government websites of major countries. Primary research has been conducted with reservoir analysis companies, utilities, research centers, and government agencies in order to verify sales estimates and prices in the global market. The primary sources include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, administrators, solution providers, technology developers, alliances, and certification organizations from companies and organizations related to all the segments of this industrys value chain. All primary sources have been interviewed to obtain and verify critical qualitative and quantitative information as well as assess future prospects.
- Study of annual revenues and market developments of major players that provide reservoir analysis services to oil & gas operating companies
- Analysis of major applications and demand for reservoir analysis services from oilfield operators
- Assessment of future trends and growth of the market
- Assessment of the market with respect to the demand for each type of reservoir analysis services used for different applications
- Study of the market trends in various regions and countries with regard to different types of reservoir analysis services
- Study of contracts and developments related to the market by key players across different regions
- Finalization of the market size by triangulating the supply-side and demand-side data, which includes product developments, supply chain, and annual revenues of reservoir analysis companies across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries, on the basis of company type, designation, and region, conducted during the research study.
To know about the assumptions considered for the study, download the pdf brochure
Market Ecosystem:
The ecosystem of the reservoir analysis consists of oilfield operating companies and service providers for different types of services. The figure below shows the market ecosystem along with major companies.
The reservoir analysis service providing companies include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International, PLC (Switzerland), CGG SA (France), Core Laboratories (U.S.) and Tracerco (U.K.) among others.
Target Audience:
The reports target audience includes:
- Consulting companies of the energy and power sector
- Government and research organizations
- Investment banks
- National Oil Companies (NOCs)
- Reservoir analysis tools and equipment manufacturers
- Reservoir analysis service companies
- Oil & gas field operators
- Power and energy associations
- Exploration & Production companies
Scope of the Report:
By Service
- Reservoir Simulation and Geo Modeling
- Data Acquisition and Monitoring
- Reservoir Sampling Services
By Resource type
- Conventional
- Unconventional
By Application
- Onshore
- Offshore
By Region
- Europe
- North America
- Asia-Pacific
- Middle East
- Africa
- South America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region and country-specific analysis
Company Information
Detailed analyses and profiling of additional market players (up to five)
The global reservoir analysis market is projected to grow at a CAGR of 4.11%, from 2017 to 2022, to reach a market size of USD 8.95 Billion by 2022. This growth is attributed to increasing focus on mature oil & gas fields and new field developments, increase in energy demand from emerging economics, and increased reliability in reservoir analysis due to technology advancements.
The report segments the market, on the basis of service, into reservoir simulation and geo modeling, data acquisition and monitoring, and reservoir sampling services. Data acquisition and monitoring services is expected to grow at the fastest rate during the forecast period, due to shale gas exploration and production activities in North America.
The report also segments the market, on the basis of resource type, into conventional and unconventional resources. The development of new technologies and the abundance of unconventional resources globally, is expected to drive the unconventional market at the fastest rate during the forecast period. The conventional resources segment is expected to hold the largest share of the market. The relative simplicity and comparatively low cost of the services required for developments of these conventional resources are one of the key reasons for larger market share.
On the basis of the application segment, the market is segmented into onshore and offshore. The onshore segment is expected to dominate the market and is also expected to grow at the fastest rate during the forecast period. In the Middle East and North American region, maximum number of oilfields are located onshore, and, thus, exploration & production activities carried out in these regions is expected to drive the onshore segment during the forecast period. New exploration and production activities being carried out in offshore areas, accounts for its share in the market.
In this report, the market has been categorized, on the basis of region, into North America, Europe, Asia-Pacific, the Middle East, Africa, and South America. The market in North America is expected to dominate the global market of reservoir analysis, during the forecast period, owing to increased oil & gas exploration activities from unconventional resources, especially in the U.S.
High cost, complexity and risk associated with reservoir analysis, political issues, and lack of technological capabilities, are the key restraints for the growth of market.
Key players in the reservoir analysis market include Schlumberger Limited (U.S.), Halliburton Company (U.S.), Baker Hughes Incorporated (U.S.), Weatherford International, PLC (Switzerland), Roxar Software Solutions AS (Norway), SGS SA (Switzerland), Core Laboratories (U.S.), ALS Oil & Gas (Australia), CGG SA (France), Expro International Group Holding, Ltd. (U.K.), and Trican Well Service Limited (Canada) among others. New product and technology launches was the strategy most commonly adopted by top players, constituting 38% of the total developments, from 2013 to June 2017. The other common strategies employed were contracts & agreements, mergers & acquisitions, expansions, partnerships, collaborations, alliances, and joint ventures.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered (Subsegments Including Region-Wise Segmentation)
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 30)
4.1 Reservoir Analysis Market, By Application
4.2 Market, By Service Type
4.3 The North American Reservoir Analysis : Application vs Reservoir Type
4.4 North America: the Largest Market During the Forecast Period
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Energy Demand From Emerging Economies
5.2.1.2 Maximizing Hydrocarbon Recovery
5.2.1.3 Increased Reliability in Reservoir Analysis Due to Technological Advancements
5.2.1.4 New Field Development
5.2.2 Restraints
5.2.2.1 High Cost, Complexity, and Risks of Reservoir Analysis
5.2.2.2 Political Issues & Technological Restraints Make IT Difficult to Access Oil & Gas Reserves
5.2.3 Opportunities
5.2.3.1 Exploring Unconventional Reservoir
5.2.4 Challenges
5.2.4.1 Reducing the Reservoir Uncertainty and Optimize Reservoir Management
5.2.4.2 Accurate Representation of Reservoir Geometry and Heterogeneity
5.2.4.3 Identify Small Scale Reservoir Compartments
5.2.4.4 Government Regulations and Growing Environmental Concerns
6 Reservoir Analysis, By Application (Page No. - 42)
6.1 Introduction
6.2 Market Analysis
6.2.1 Onshore
6.2.2 Offshore
7 Reservoir Analysis, By Service (Page No. - 47)
7.1 Introduction
7.1.1 Reservoir Simulation & Geomodeling Services
7.1.2 Data Acquisition & Monitoring Services
7.1.3 Reservoir Sampling Services
8 Reservoir Analysis, By Reservoir Type (Page No. - 53)
8.1 Introduction
8.1.1 Conventional
8.1.2 Unconventional
9 Reservoir Analysis Market, By Region (Page No. - 57)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Asia-Pacific
9.3.1 China
9.3.2 India
9.3.3 Indonesia
9.3.4 Australia
9.3.5 Rest of Asia-Pacific
9.4 Europe
9.4.1 Russia
9.4.2 U.K.
9.4.3 Norway
9.4.4 Rest of Europe
9.5 Africa
9.5.1 Angola
9.5.2 Nigeria
9.5.3 Algeria
9.5.4 Rest of Africa
9.6 The Middle East
9.6.1 Saudi Arabia
9.6.2 Iran
9.6.3 Kuwait
9.6.4 U.A.E.
9.6.5 Rest of the Middle East
9.7 South America
9.7.1 Venezuela
9.7.2 Argentina
9.7.3 Brazil
9.7.4 Colombia
9.7.5 Rest of South America
10 Competitive Landscape (Page No. - 91)
10.1 Overview
10.2 Market Ranking, Market, 2016
10.3 Competitive Situation & Trends
10.4 Competitive Leadership Mapping
10.4.1 Vanguards (Market Leaders)
10.4.2 Innovators
10.4.3 Dynamic
10.4.4 Emerging
10.5 Analysis of the Product Portfolio of Major Players in the Market (25 Companies)
10.6 Business Strategies Adopted By Major Players in the Market (25 Companies)
11 Company Profiles (Page No. - 99)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
11.1 Schlumberger Limited
11.2 Halliburton Company
11.3 Baker Hughes Incorporated
11.4 Weatherford International, PLC
11.5 SGS SA
11.6 ALS Oil & Gas
11.7 CGG SA
11.8 Core Laboratories
11.9 Expro Group
11.10 Geokinetics
11.11 Intertrek
11.12 Paradigm
11.13 Roxar Software Solutions as
11.14 Tracerco
11.15 Trican Well Service Limited
*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 155)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (63 Tables)
Table 1 Reservoir Analysis Industry Snapshot
Table 2 Market Share, By Application, 20152022 (USD Million)
Table 3 Onshore Market Size, By Region, 20152022 (USD Million)
Table 4 Offshore Market Size, By Region, 20152022 (USD Million)
Table 5 Market Size, By Service, 20172022 (USD Million)
Table 6 Reservoir Simulation & Geo Modeling Software
Table 7 Reservoir Simulation & Geo Modeling Services Market Size, By Region, 20152022 (USD Million)
Table 8 Data Acquisition & Monitoring Services Market Size, By Region, 20152022 (USD Million)
Table 9 Reservoir Sampling Services Market Size, By Region, 20152022 (USD Million)
Table 10 Market Size, By Reservoir Type, 20152022 (USD Million)
Table 11 Conventional Market Size, By Region, 20152022 (USD Million)
Table 12 Unconventional Market Size, By Region, 20152022 (USD Million)
Table 13 Market Size, By Region, 20152022 (USD Million)
Table 14 North America: Market Size, By Service Type, 20152022 (USD Million)
Table 15 North America: Market Size, By Application, 20152022 (USD Million)
Table 16 North America: Market Size, By Reservoir Type, 20152022 (USD Million)
Table 17 North America: Market Size, By Country, 20152022 (USD Million)
Table 18 U.S.: Market Size, By Application, 20152022 (USD Million)
Table 19 Canada: Market Size, By Application, 20152022 (USD Million)
Table 20 Mexico: Market Size, By Application, 20152022 (USD Million)
Table 21 Asia-Pacific: Market Size, By Service Type, 20152022 (USD Million)
Table 22 Asia-Pacific: Market Size, By Application, 20152022 (USD Million)
Table 23 Asia-Pacific: Market Size, By Reservoir Type, 20152022 (USD Million)
Table 24 Aisa-Pacific: Market Size, By Country, 20152022 (USD Million)
Table 25 China:Market Size, By Application, 20152022 (USD Million)
Table 26 India: Market Size, By Application, 20152022 (USD Million)
Table 27 Indonesia: Market Size, By Application, 20152022 (USD Million)
Table 28 Australia: Market Size, By Application, 20152022 (USD Million)
Table 29 Rest of Asia-Pacific: Market Size, By Application, 20152022 (USD Million)
Table 30 Europe: Market Size, By Service Type, 20152022 (USD Million)
Table 31 Europe: Market Size, By Application, 20152022 (USD Million)
Table 32 Europe: Market Size, By Reservoir Type, 20152022 (USD Million)
Table 33 Europe: Market Size, By Country, 20152022 (USD Million)
Table 34 Russia: Market Size, By Application, 20152022 (USD Million)
Table 35 U.K.: Market Size, By Application, 20152022 (USD Million)
Table 36 Norway: Market Size, By Application, 20152022 (USD Million)
Table 37 Rest of Europe: Market Size, By Application, 20152022 (USD Million)
Table 38 Africa: Market Size, By Service Type, 20152022 (USD Million)
Table 39 Africa: Market Size, By Application, 20152022 (USD Million)
Table 40 Africa: Market Size, By Reservoir Type, 20152022 (USD Million)
Table 41 Africa: Market Size, By Country, 20152022 (USD Million)
Table 42 Angola: Market Size, By Application, 20152022 (USD Million)
Table 43 Nigeria: Market Size, By Application, 20152022 (USD Million)
Table 44 Algeria: Market Size, By Application, 20152022 (USD Million)
Table 45 Rest of Africa: Market Size, By Application, 20152022 (USD Million)
Table 46 The Middle East: Market Size, By Service Type, 20152022 (USD Million)
Table 47 The Middle East: Market Size, By Application, 20152022 (USD Million)
Table 48 The Middle East: Market Size, By Reservoir Type, 20152022 (USD Million)
Table 49 The Middle East: Market Size, By Country, 20152022 (USD Million)
Table 50 Saudi Arabia: Market Size, By Application, 20152022 (USD Million)
Table 51 Iran: Market Size, By Application, 20152022 (USD Million)
Table 52 Kuwait: Market Size, By Application, 20152022 (USD Million)
Table 53 U.A.E.: Market Size, By Application, 20152022 (USD Million)
Table 54 The Rest of the Middle East: Market Size, By Application, 20152022 (USD Million)
Table 55 South America: Market Size, By Service Type, 20152022 (USD Million)
Table 56 South America: Market Size, By Application, 20152022 (USD Million)
Table 57 South America: Market Size, By Reservoir Type, 20152022 (USD Million)
Table 58 South America: Market Size, By Country, 20152022 (USD Million)
Table 59 Venezuela: Market Size, By Application, 20152022 (USD Million)
Table 60 Argentina: Market Size, By Application, 20152022 (USD Million)
Table 61 Brazil: Market Size, By Application, 20152022 (USD Million)
Table 62 Colombia: Market Size, By Application, 20152022 (USD Million)
Table 63 Rest of South America: Market Size, By Application, 20152022 (USD Million)
List of Figures (46 Figures)
Figure 1 Markets Covered: Reservoir Analysis
Figure 2 Reservoir Anlysis Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, & Region
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Reservoir Analysis Region-Wise Market Share (Value), 2017
Figure 7 The Markets in North America & Asia-Pacific are Expected to Dominate the Market During the Forecast Period
Figure 8 Data Acquistion & Monitoring Services to Remain the Largest Market for Market During the Forecast Period
Figure 9 Conventional Segment to Remain the Largest Market for Reservoir Analysis Marekt During the Forecast Period
Figure 10 Attractive Market Opportunities in the Market
Figure 11 Onshore Application to Dominate the Market During the Forecast Period
Figure 12 Data Acquisition & Monitoring Services is Expected to Dominate the Market, 2022
Figure 13 Conventional Segment Held the Largest Market Share in 2016
Figure 14 Market Share (Value), By Region, 2022
Figure 15 Oil Consumption in BRICS Economies, 2014 &2015
Figure 16 Market Share (Value), By Application, 2016
Figure 17 Onshore Application Would Drive the Growth of the Market, 2017 & 2022
Figure 18 Onshore Market Share (Value), By Region, 2016
Figure 19 Offshore Market Share (Value), By Region, 2016
Figure 20 Market Share (Value), By Service, 2016
Figure 21 Reservoir Simulation & Geo Modeling Process
Figure 22 The Conventional Segment is Expected to Account for the Largest Market Share During the Forecast Period
Figure 23 North America to Dominate the Conventional Segment in 2016
Figure 24 Regional Snapshot (2016): the Markets in North America & Asia-Pacific are Emerging as New Hotspots
Figure 25 North America: the Fastest Growing Market, 2017 & 2022
Figure 26 North America: Market Overview
Figure 27 Asia-Pacific: Market Overview
Figure 28 Norway: the Fastest Growing European Market, 20172022
Figure 29 Algeria: the Largest Market in Africa, in 2016
Figure 30 Argentina: the Fastest Growing South American Market, 2017 & 2022
Figure 31 Companies Adopted New Product Launches and Contracts and Agreements as Key Growth Strategies, 20132017
Figure 32 Schlumberger Limited is Top Ranking Company in Market, in 2016
Figure 33 Market Evaluation Framework, 20132017
Figure 34 Battle for Market Share (20132017): New Product & Technology Launches Was the Key Strategy Adopted By the Players in the Market
Figure 35 Market: Vendor Dive Matrix
Figure 36 Schlumberger Limited: Company Snapshot (2016)
Figure 37 Halliburton Company: Company Snapshot (2016)
Figure 38 Baker Hughes Incorporated: Company Snapshot (2016)
Figure 39 Weatherford International, PLC: Company Snapshot (2016)
Figure 40 SGS SA: Company Snapshot (2016)
Figure 41 ALS Oil & Gas: Company Snapshot (2016)
Figure 42 CGG SA: Company Snapshot (2016)
Figure 43 Core Laboratories: Company Snapshot (2016)
Figure 44 Expro Group: Company Snapshot (2016)
Figure 45 Intertrek: Company Snapshot
Figure 46 Trican Well Service Limited: Company Snapshot
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