Advanced Oil and Gas Exploration Market Expected to reach USD 233.4 billion till 2021

Advanced Oil and Gas Exploration Market

Global Advanced Oil and Gas Exploration Market Research Report 2018 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability.

The global market for advanced exploration and downhole technology reached $163.2 billion in 2015. This market is estimated to reach $233.4 billion in 2021 from $175.8 billion in 2016 at a compound annual growth rate (CAGR) of 5.8% for 2016-2021. 

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Scope of Report:

Advanced exploration and downhole technology are redirecting the search, identification and recovery of bypassed oil and gas, thus ensuring higher productivity to be coaxed out of mature, old, dormant/abandoned and pressure-depleted fields and enabling the monetization of stranded reserves.

Explorers have succeeded in applying advanced downhole technology in squeezing costs, and as a result, will be able to add an estimated 10 million barrels of oil per day to the global supply by 2025 at less than the $60 Brent crude price. Up to 13 million barrels of oil per day of capacity is needed by the world through 2025, with an additional 11 million barrels of oil per day, to meet rising demand and to address declining production in oilfields currently in production. Companies are therefore redirecting resources to extend the lifespan of existing assets.

This independent 305 Pages report guarantees you will remain better informed than your competition. With over 240 tables and figures examining the Advanced Oil and Gas Exploration market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2022.

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The global market for advanced oil and gas exploration and downhole technology will increase at a compound annual growth rate (CAGR) of 5.8% to reach $233.4 billion in 2021.

Advanced Oil and Gas Exploration Market Report Includes:

–  94 data tables and 94 additional tables.
– An assessment and evaluation of the demand for advanced exploration and new downhole techniques for oil and gas production.
– Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021.
– An overview of the importance of advanced exploration and new downhole techniques in relation to the overall global and U.S. economies.
– Evaluation of environmental and energy regulations and their impacts on the market.
– The structure of the industry and competitive aspects.
– Market segmentation and fragmentation, channels of distribution, pricing economics, and purchasing influences.
– Profiles of major players in the industry, including: Dawson Geophysical Company, Fugro NV, Mitcham Industries, Petroleum Geoservices ASA (PGS), Polarcus Ltd., Schlumberger WesternGeco, SeaBird Exploration, Helmerich and Payne.

Exploration for new sources of oil and gas has always been the primary strategy of the oil industry but digging and recovering more efficiently is perhaps of greater importance when finances are stretched, and untested areas are riskier. Producers are instead faced with three options:
– Increase production from existing assets.
– Monetize known reserves.
– Reduce exploration and production costs.

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The research includes historic data from 2013 to 2018 and forecasts until 2022 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Advanced Oil and Gas Exploration on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Advanced Oil and Gas Exploration Market and assist manufacturers and investment organization to better grasp the development course of Advanced Oil and Gas Exploration Market.

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About the author

Juanita Washington

Juanita Washington

Juanita has a degree in Pharmacy and has been currently covering mechanical parts of pharmaceutical industry. She is knowledgeable with advances that oversee pharmaceutical industry and henceforth covers examine in innovation from

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