Wireline services usually refer to cabling technologies used for well-intervention in the oil and gas industry, well monitoring operations providing petro-physical data that are further helpful in managing process parameters. The tools inserted into logging, pipe recovery, and completion. These services require less labor and are very similar devices that consume less time for both wirelines and slicklines, work-over, and logging efforts. The wireline services applications include Wireline Interference, Wireline Monitoring, Wireline Completion, Recovery, and more. The wireline service market is driven by factors such as significant investments in development of oil & gas pipeline infrastructure in Nigeria and discoveries of new oil & gas reserves, but legal hurdles resulting in delay of oil & gas projects is anticipated to restrain the wireline service market growth during the forecast period.
The Nigeria Wireline Service Market is growing along with the Energy and Power industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Discoveries of New Oil & Gas Reserves
The country is witnessing discoveries of new oil & gas. For instance, in 2019, the government discovered one billion of crude oil in the North-East part of Nigeria. Also, in September 2019, Nigerian-based Oando PLC discovered new gas reserves that amount to ~1 trillion cubic feet of gas as well as 60 million barrels of related condensate. Moreover, in 2018, Shell discovered ~1.5 trillion cubic feet of gas as well as 50 million barrels of associate condensate in Eastern Nigeria. Moreover, in 2019, Eni, an Italian-based Energy company, discovered gas and condensate find onshore Niger Delta. Such discoveries signify the untapped opportunity that can be offered in the near future, which will provide a boost to the wireline service market in the coming years.
These factors are expected to offer broad growth opportunities in the Energy and Power industry and this is expected to cause the demand for Nigeria Wireline Service Market in the market.
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Wireline service Market – By Wireline Type
- Electric Line
Wireline service Market – By Application
Wireline service Market – By Service Type
- Wireline Logging
- Pipe Recovery Service
- Perforation Service
- Production Logging
- Halliburton Energy Services, Inc.
- NexTier Oilfield Services, Inc.
- MB Petroleum Services LLC
- Weatherford International plc
- Wireline Engineering Limited
- Baker Hughes Company
- Schlumberger Limited
- SGS SA
- Superior Energy Services, Inc.
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