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.
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.
Top Key Players: Halliburton Energy Services, Inc.,NexTier Oilfield Services, Inc.,MB Petroleum Services LLC,Weatherford International plc,Geoplex,Wireline Engineering Limited,Baker Hughes Company,Schlumberger Limited,SGS SA,Superior Energy Services, Inc.
Impact of COVID-19 Pandemic on the Nigeria Wireline Service Market
Covid-19 was first recognized in the China, where it led to an economic slowdown for the world’s largest energy consumer. This pandemic has forced numerous companies to halt or slowdown their physical operations, thus impacting production in the upstream sector. On the other hand, the downstream operations are focusing to upgrade their systems and pushing to work in a more flexible manner.
Wireline Type Insights
Wireline service market by wireline type is segmented as slickline and electric line. Wireline is one of the approaches of deploying numerous down-hole tools into the wells. A cable on a reel on the surface is utilized to lower the tools to the wellbore. Wireline facilitates many downhole operations to be conducted cost effectively and efficiently under live well conditions.
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