A healthy appetite for exploration among operators, increasing Final Investment Decisions, Improving Crude prices, economic advantages of Near-field explorations, Significant reserves of unexplored gas and oil fields globally ranging from Colombia to Ukraine, growing focus on energy self-sufficiency to protect national interests, rising population and spiking global energy demand are the primary drivers of Exploration and Production activities and are thereby driving the Global seismic services Market.Â
Seismic surveys are the primary tools of Oil exploration companies both onshore and offshore. A seismic survey entails creating a shock wave/ a seismic wave on the ground surface using an energy source and analyzing the reflected seismic wave. The analysis of the time taken for the seismic wave reflection from the subsurface formations allows a geophysicist to map subsurface formations and anomalies and thereby helps in predicting oil and gas reservoirs.
The energy source can either be a small explosive charge set off in shallow holes or large vehicles equipped with heave plates.
The offshore seismic surveys rely heavily on air guns for data acquisition. However, offshore seismic surveys often face a lot of opposition from the locals due to the environmental threat posed by such technologies to marine animals. The predicament has pushed for reduced seismic signal energy in the audible bandwidth of marine mammals to reflect environmental awareness and to comply with the regulations.Â Â
There are three phases of seismic surveys- data acquisition, processing, and interpretation. Based on technology, seismic services are classified into 2D, 3D, and 4D.Â
Seismic surveys are also finding prominence in offshore wind farm applications and there is huge potential for the seismic services market in Carbon Capture and Storage(CCS) technology.Â
1. Sercel has launched Bluepulse in October of 2021. Bluepulse, a marine acoustic source, is purpose-built and helps protect marine wildlife from high-frequency emissions while maintaining accurate and reliable results for seismic acquisition. Sercel claims the technology can save up to 40% of the cost of fleet conversions for customers.Â
2. Egypt's Petroleum Corporation has signed a USD One Billion value Oil exploration agreement with Italian Energy group Eni to explore oil in the Gulf of Suez and Nile Delta regions.Â
The new report from Blackridge Research on Global Seismic Services Market comprehensively analyses the Seismic Services Market and provides deep insight into the current and future state of the industry.
The study examines the drivers, restraints, and regional trends influencing Global Seismic Services Market demand and growth.
The report also addresses present and future market opportunities, market trends, developments, and the impact of Covid-19 on the Seismic Services Market, important commercial developments, trends, regions, and segments poised for fastest growth, competitive landscape, and market share of key players.
Further, the report will also provide Seismic Services Market size, demand forecast, and growth rates.
Seismic Services Market Drivers & Restraints
The study covers all the major underlying forces that help the market develop and grow and the factors that constrain the growth.
The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.
Each factor's respective impact in the near, medium, and long term will be covered using Harvey balls for visual communication of qualitative information and functions as a guide for you to analyze the degree of impact.
Seismic Services Market Analysis
This report discusses the overview of the market, latest updates, important commercial developments and structural trends, and government policies and regulations.
This section provides an assessment of COVID-19 impact on Seismic Services Market demand.
Seismic Services Market Size and Demand Forecast
The report provides Global Seismic Services Market size and demand forecast until 2027, including year-on-year (YoY) growth rates and CAGR.
Seismic Services Market Industry Analysis
The report examines the critical elements of Seismic Services industry supply chain, its structure, and participants
Using Porter's five forces framework, the report covers the assessment of the Seismic Services industry's state of competition and profitability.
Seismic Services Market Segmentation & Forecast
The report dissects the Global Seismic Services Market into various segments. A detailed summary of the current scenario, recent developments, and market outlook will be provided for each segment.
Further, market size and demand forecasts will be presented along with various drivers and barriers for individual market segments.
Effective market segmentation enables you to identify emerging trends and opportunities for long-term growth. Contact us for a "bespoke" market segmentation to better align the research report with your requirements.
Regional Market Analysis
The report covers detailed profiles of major countries across the world. Each country's analysis covers the current market scenario, market drivers, government policies & regulations, and market outlook.
In addition, market size, demand forecast, and growth rates will be provided for all regions.
Following are the notable countries covered under each region.
- United States, Canada, Mexico, and Rest of North America
- Germany, France, United Kingdom (UK), Russia, and Rest of Europe
- China, India, Japan, South Korea, Australia, Rest of APAC
Rest of the world
- Saudi Arabia, Brazil, Nigeria, South Africa, and other countries
Key Company Profiles
This report presents detailed profiles of Key companies in the Seismic Services industry. In general, each company profile includes - overview of the company, relevant products and services, a financial overview, and recent developments.
The report provides a comprehensive list of notable companies in the market, including mergers and acquisitions (M&As), joint ventures (JVs), partnerships, collaborations, and other business agreements.
The study also discusses the strategies adopted by leading players in the industry.
Executive Summary will be jam-packed with charts, infographics, and forecasts. This chapter summarizes the findings of the report crisply and clearly.
The report begins with an Executive Summary chapter and ends with Conclusions and Recommendations.
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