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