Selbyville, Delaware Market Study Report LLC recently added a new title on 2020-2025 Global Oil & Gas Coring Market Size Report from its database. The report provides study with in-depth overview, describing about the Product, market size, share, Industry Scope and elaborates market outlook and status to 2025.
Oil & Gas Coring is a procedure that removes small amount of rock sample from within the oil well. The growing crude oil production in the North America region is one of the major factors boosting the Global Oil & Gas Coring market. In 2018, the oil production in the United States grew by 2.2 million barrels per day and the gas production increased by 86 billion cubic meters. Moreover, the surge in shale production would strongly contribute to the increasing requirement for the oil & gas coring. In 2018, the US produced about 20.95 trillion cubic feet (Tcf) of dry shale gas.
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According to the research report titled a??Global Oil & Gas Coring Market Analysis, 2020a??, the Oil & Gas Coring market is projected to register a CAGR of around 6% during 2019-25. The onshore segment acquired the highest market share in the overall Global Oil & Gas Coring market in 2019 due to the increased level of onshore drilling activities. However, the market share of the offshore segment is anticipated to surge in the forthcoming period, largely attributed to surging investments in offshore projects. In 2019, Italy-based contractor Saipem was awarded an offshore drilling contract in Abu Dhabi. Moreover, Rowan and Saudi Aramco formed a joint venture in 2017 to operate offshore drilling rigs in Saudi Arabia. Moreover, bottom coring segment captured a significant market share in the Oil & Gas Coring market in 2019 as they provide better quality results as compared to sidewall coring.
The Global Oil & Gas Coring market consists of several players such as Schlumberger Limited, Halliburton Company, Baker Hughes, a GE Company, China National Petroleum Corporation, etc., which captures a considerable share in the Global Oil & Gas Coring market. The companies are introducing new facilities in the countries to expand their business.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Global Oil & Gas Coring Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Oil & Gas Coring Market?
Who are the key competitors or market players and how they perform in Global Oil & Gas Coring Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Oil & Gas Coring Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
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