Tag: Geosteering

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Europe Geosteering Technology Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Product and Application

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New York, Nov. 27, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Europe Geosteering Technology Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Product and Application” – https://www.reportlinker.com/p05989527/?utm_source=GNW
Surge in demand for precise real-time information to achieve maximum production is expected to escalate the Europe geosteering technology market.Geosteering technologies are widely applied for well-placement operations in the oil & gas industry.

Geosteering gives real-time information in the form of imaging surveys.This technology provides 2D and 3D terrain projections around the oil reservoir by continuously adjusting the drill head positioned above an oil well.

Moreover, the drill operating team uses a combination of electronic logs and drilled cutting operations, which helps in identifying the area’s paleontological properties and surfaces to be drilled.Geosteering uses various tools, such as logging while drilling (LWD), measurement-while-drilling (MWD), and drive system, for the operations mentioned above.

Therefore, the surge in

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Middle East & Africa Geosteering Technology Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Product and Application

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New York, Nov. 26, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Middle East & Africa Geosteering Technology Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Product and Application” – https://www.reportlinker.com/p05989554/?utm_source=GNW
Geosteering technologies are widely applied for well-placement operations in the oil & gas industry across the MEA.Geosteering gives real-time information in the form of imaging surveys.

This technology provides 2D and 3D terrain projections around the oil reservoir by continuously adjusting the drill head positioned above an oil well.The drill operating team also uses electronic logs and drill cutting operations to identify the paleontological properties and surfaces to be drilled in the field.

For the above processes, geosteering uses different methods, such as logging while drilling (LWD), measurement-while-drilling (MWD), and drive systems.Therefore, increase in demand for accurate real-time information to achieve highest production is expected to escalate the need for geosteering technology due

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North America Geosteering Technology Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Product and Application

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New York, Nov. 25, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Geosteering Technology Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Product and Application” – https://www.reportlinker.com/p05989578/?utm_source=GNW

Growing production of shale and resulting hike in horizontal and unconventional drilling is expected to escalate the North America geosteering technology market.Via a horizontal drilling and hydraulic fracturing process in which water, sand, and chemical additives are pumped under high pressure to preserve and create cracks in underground rocks, both shale oil and shale gas are hydrocarbon resources extracted from shale formations that lie below the earth’s surface.

They are called as unconventional hydrocarbon resources.The geosteering technology helps in optimizing the position of a horizontal wellbore within the reservoir at different spots.

Exploration and production (E&P) technologies related to communication of vital data in real-time through the Internet, advanced and accurate directional drilling, as well

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Geosteering Technology Market Forecast to 2027

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The geosteering technology market was valued at US$ 15. 27 billion in 2019 and is projected to reach US$ 27. 91 billion by 2027; it is expected to grow at a CAGR of 11. 8% during the forecast period.

New York, Oct. 21, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Geosteering Technology Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Product and Application, and Geography” – https://www.reportlinker.com/p05978075/?utm_source=GNW

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.

The growing global population is driving the demand for oil and gas worldwide, leading to an increased usage of geosteering technology. For example, according to the Organization of the Petroleum Exporting Countries (OPEC),

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