Nigeria Wireline Service Market 2020-2027: Covid-19 Impact on Global Industry Demand with Top Players Analysis like Halliburton Energy Services

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. 

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Nigeria Wireline Service Market - Companies Mentioned: 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.

Market Insights

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.

Wireline service Market – By Wireline Type

• Slickline
• Electric Line

Wireline service Market – By Application

• On-shore
• Off-shore

Wireline service Market – By Service Type

• Wireline Logging
• Pipe Recovery Service
• Perforation Service
• Production Logging
• Others