Global Reservoir Analysis Market Size, Share, Opportunities, And Trends, By Reservoir Type (Conventional, Unconventional), By Service (Geo Modelling, Reservoir Simulation, Data Acquisition, Monitoring, Reservoir Sampling, Others), By Application (Onshore, Offshore), And By Geography - Forecasts From 2025 To 2030

Description

The Reservoir Analysis Market will climb from USD 10.075 billion in 2025 to USD 12.543 billion by 2030, fueled by a 4.48% compound annual growth rate (CAGR).

Reservoir Analysis Market Trends:

Reservoir analysis refers to the analysis of the rocks, pores, and fluids inside a reservoir to optimize their production and recovery techniques. The methods and equipment used in the analysis develop subsurface data which helps in the analysis of the reservoir in order to increase its reliability of the reservoir. The market is majorly driven by the rapid increase in the complexities of the reservoir due to increasing depth and the also with rising use of horizontal wells as well. The analysis also helps in further developing the dynamic properties of the rock and fluid properties that the reservoir has. A key factor expected to drive the market during the forecast period is the increase in the demand for oil & gas which are used in various applications across several industries like, automotive, aviation, electricity generation, and others.

Moreover, with the rate of industrialization and technological advancements in the energy sector, the reliability of reservoir analysis has increased in recent years. Moreover, the analysis gives us the relevant information in several areas like Reservoir Characteristics – Permeability, completion efficiency (skin), formation permeability, etc, if the flowing pressure is known in addition to the flow rate (assuming the existence of BDF), an estimate of the recoverable hydrocarbons, and is usually determined by traditional production decline analysis methods, amongst others. Furthermore, the rising focus on mature oil & gas fields and other field developments is expected to fuel the market during the forecast period.

The market is expected to witness significant growth owing to the innovation in the techniques used to do the analysis required. For instance, the introduction of Rate-transient Analysis (RTA) which is said to be an extension of Pressure Transient Analysis (PTA), allows the operator to analyze the data without shutting down the operations of the well which prevents losses in production. The RTA technique basically combines Darcy’s law with EoS and MBE to obtain a PDE, which is then solved analytically.

The market of the reservoir analysis will be majorly fuelled by the rising demand for energy resources at a global level. This has led to an increased productivity of most of the energy resources in recent years. For instance, According to a report by the International Energy Agency (IEA), the global production of natural gas reached the highest production ever in the year 2019 with 4 088 Bcm produced which is +3.33% as compared to that in the year 2018. According to the report, the production of natural gas has witnessed a steady increase since the financial crisis at a compounded annual growth rate of 2.7%.

Reservoir Analysis Market Segment Analysis:

The segmentation of the global Reservoir analysis market has been done into the application, reservoir type, service, and geography. By application, the classification of the market has been done into Onshore and Offshore. By reservoir type, the classification of the market has been done into Conventional and Unconventional. By service, the classification of the market has been done into Geo Modelling, Reservoir Simulation, Data Acquisition and Monitoring, Reservoir Sampling, and Others. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Reservoir Analysis Market Growth Factors:

• Increasing investments in the oil & gas sector will drive the market during the forecast period

The growth of the Reservoir analysis market is fuelled by the increasing investments being made in the oil & gas sector. The main aim of the investments is to urbanize and digitalize the sector in order to increase productivity by making the production plants more efficient, in order to meet the surging demands of the energy sources globally. Various initiatives across several countries have fuelled investments in the sector over the years and is expected to continue the trend during the forecast period as well. According to a report on global investments in the sector by the International Energy Agency (IEA), the investments in nominal terms in the sector have witnessed a significant rise over the years from US$ 434 Billion in the year 2016 to US$ 483 Billion in 2019.

Even though the COVID-19 pandemic in the year adversely affected the planned investments that were to be done in the sector during the year 2020, the amount of planned investments is expected to recover during the year 2020 owing to the upcoming oil & gas projects and other similar projects that were suspended due to the pandemic. Thus, the upcoming and ongoing investments are expected to drive the market during the forecast period, as technology innovations in the sector will increase the adoption of reservoir analysis technology in the sector.

• A substantial shift towards developing unconventional reserves will be a tailwind to the growth

The rise in the development of unconventional reserves is expected to fuel the growth of the market of reservoir analysis during the forecast period. The shift is due to the rising concern at a global level about the increasing rate of depletion of conventional sources of energy this has led to a noticeable decline in the production levels of oil & gas. The concern has led to the tapping of energy potential from solid rocks. The shift has been fuelled by the increasing government relaxations across several countries. For instance, the governments of the United States and China have announced various initiatives like financial aid, FDI provision, and tax incentives in the hydrocarbon segment. Consequently, there has been a rise in unconventional reserve projects across the globe. For instance, according to a report by the U.S Energy Information and Administration, the country produced 34 trillion cubic feet (Tcf), the highest annual amount recorded, in the year 2019. Furthermore, according to the report, the production of dry natural gas in the year 2019 was 9% greater than the total natural gas production done by the country.

Reservoir Analysis Market Competitive Insights:

The players in the global Reservoir analysis market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along the recent deals and investments of these important players in the market.

Reservoir Analysis Market Segmentation

• By Reservoir Type
  • Conventional
  • Unconventional
• By Service
  • Geo Modelling
  • Reservoir Simulation
  • Data Acquisition
  • Monitoring
  • Reservoir Sampling
  • Others
• By Application
  • Onshore
  • Offshore
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL RESERVOIR ANALYSIS MARKET BY RESERVOIR TYPE

5.1. Introduction

5.2. Conventional

5.3. Unconventional  

6. GLOBAL RESERVOIR ANALYSIS MARKET BY SERVICE

6.1. Introduction

6.2. Geo Modelling

6.3. Reservoir Simulation

6.4. Data Acquisition

6.5. Monitoring

6.6. Reservoir Sampling

6.7. Others

7. GLOBAL RESERVOIR ANALYSIS MARKET BY APPLICATION

7.1. Introduction

7.2. Onshore

7.3. Offshore  

8. GLOBAL RESERVOIR ANALYSIS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Schlumberger Limited

10.2. Halliburton Company

10.3. Baker Hughes Company

10.4. Weatherford International PLC

10.5. CGG SA

10.6. Core Laboratories N.V.

10.7. Roxar Software Solutions AS

10.8. Trican Well Service Limited

10.9. Tracerco Ltd

10.10. ALS

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Schlumberger Limited

Halliburton Company

Baker Hughes Company

Weatherford International PLC

CGG SA

Core Laboratories N.V.

Roxar Software Solutions AS

Trican Well Service Limited

Tracerco Ltd

ALS

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