Reservoir Navigation Services Industrial and Market studies - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2016 - 2020
"Reservoir
Navigation Services Market - Global Industry Analysis, Size, Share,
Trends, Analysis, Growth and Forecast 2016 - 2020"
The Report covers current Market Trends, Worldwide Analysis, Global
Forecast, Review, Share, Size, Growth, Effect.
Description-
Depleting
reserves and complex behavior of the remaining reservoirs has made
optimal well positioning more challenging than ever. Especially in
brown fields, pressure depletion, gas cap pressure depletion,
reservoir drives, oil water contacts and the presence of nearby wells
makes it important to place the well in the proper manner. Data
gathered while conducting drilling process and the real time
interpretation of these measurements can help in upgrading geological
models and optimal well positioning thereby resulting in maximum
recovery of crude oil and natural gas.
While
drilling a borehole, reservoir navigation technology adjusts the
borehole position so that it reaches one or more geological target
locations. The introduction of such type of technology which is
capable of providing real time measurements of the distance from the
wellbore to the formation boundary and the direction using deep
electromagnetic measurements has enabled the operators to guide drill
bits through longer and more complex well paths. A formation tester
in the bottom-hole assembly while drilling gives extra advantages of
identifying pressure regimes and reservoir connectivity, thereby
calibrating the formation pressure gradient and improving the
reservoir model.
Few years back brown fields were considered as dying assets, but now
with recently available techniques, these fields have become
economical and can provide good returns on investment to petroleum
companies. With increase in energy demand, it is now considered as a
requirement to develop brown fields, in order to sustain economic
growth. The major challenge is to first identify the potential of the
brown fields and then quantify it as accurately as possible.
Numerous horizontal and multilateral well drilling processes require
proper well planning and a way to locate the path if required due to
various structural and geological uncertainties. The drilling
process, when incorporated with real time optimized well placement
thus becomes reservoir navigation. It can be proactive,
reactive or passive. In proactive reservoir navigation, the well path
is changed in real time, based on data gathered while carrying out
drilling and correlating the data with the model and look ahead
capability for predicting the formations and their properties, that
are yet to be explored. Generally, reservoir navigation is conducted
by forming a resistivity model utilizing offset well data,
determining the bed boundaries according to resistivity changes
including the planned well path and generating the model resistivity.
The application of advanced reservoir navigation technique and
proactive geo steering methods has allow to successfully carry out
drilling process and complete difficult horizontal and multilateral
wells with increased confidence. Reservoir navigation service
substantially reduces the unnecessary course corrections and improves
penetration rates.
By maximizing the reservoir contacts and accurately reaching well
targets, reservoir navigation services provide an efficient and cost
effective solution. It also allows maintaining wellbore in the pay
zone and avoids reservoir exit, avoids NPT related costs, reduces any
type of uncertainty, lower down the risk of costly sidetracks,
enhances the completion strategy and increases overall asset
recovery.
Growing population and emerging economies are some of the key drivers
of the reservoir navigation services market. However, integration of
new technology with the existing technology can hamper the growth of
the market. Ample amount of opportunities are there for the reservoir
navigation services market owing to the large number of crude oil and
natural gas reserves that were discovered recently.
Some of the key players in the business of reservoir navigation
services are Seadrill Ltd, ENSCO Plc, Scientific Drilling
International, Maersk Drilling, Schlumberger Oilfield Services
Drilling, Noble Corporation, Kca Deutag and China Oilfield Drilling
services among others.
This research report analyzes this market on the basis of its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides
comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons for Buying this
Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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