Industrial, Manufacturing & Heavy Industry Market News

Research details developments in the oil & gas reservoir monitoring system market

Research details developments in the oil & gas reservoir monitoring system market

The reduction in the oil & gas price has led to downfall in the overall investment trend in the sector, as major oil & gas projects require huge capital investment. The price downfall made investor more concern towards enhancing the overall production profile rather than deploying huge investments into new projects. Learn details of the Market Segment Forecasts up to 2025

- Advertisement -
- Membership expired -

Reservoir monitoring is carried out to improve the production profile of existing fields. Reservoirs are structures that contain reserves of hydrocarbons; these could be either conventional or unconventional.

Conventional reservoirs are those from which oil & gas can easily flow to the wellhead from wellbores because of their structural characteristics. On the other hand, unconventional reservoirs require special techniques for hydrocarbon extraction because of the difference in structural properties of the unconventional to that of conventional reservoirs.

- Advertisement -
- Membership expired -

Obtain Report Details atwww.transparencymarketresearch.com…ystem-market.html Make an Inquiry about this news

Reservoir monitoring is an activity carried out on a routine basis during the production phase of a field until its abandonment. The monitoring is carried out by data collection and analysis of the parameters such as downhole pressure, temperature, and production in order to identify and rectify deviations and also optimize the reservoir performance.

The geological and simulation models of reservoir are reviewed and are adjusted in order to reproduce the measured field data. Deviations in the models are corrected and the diagnoses carried out is elaborated based on the interpretation of the required results.

The corrections could include control of production flow or the need for injection wells or requirement to drill new wells or altering the recovery method used in the field.

Based on technology, the oil & gas reservoir monitoring system market can be segmented into electrical downhole monitoring systems, fiber optic downhole monitoring systems, and wireless downhole communication monitoring systems. Electronic sensors are used in electrical downhole monitoring systems to measure pressure, temperature, flow, and other reservoir related parameters and electronic cables to transmit data for reservoir monitoring.

Fiber optic downhole monitoring systems employ small lasers, which fire off a light pulse through the cable and returns to an optical receiver, while delivering the information in the form of signals and noise, which are sorted with the help of an interrogator unit. Wireless downhole communication monitoring system uses telemetry systems to measure pressure, temperature, and other parameters.

It then sends these measurements to the surface with the help of various technologies such as acoustics, sonic, and pressure pulse. Based on location, the oil & gas reservoir monitoring system market can also be divided  into onshore and offshore reservoirs

Based on region, the oil & gas reservoir monitoring system market can be classified into North America, Latin America, Middle East & Africa, Europe, and Asia Pacific. North America is expected to dominate the global oil & gas reservoir monitoring system market in the near future.

The U.S. is anticipated to account for the leading share of the market due to the ongoing shale activities in the country. Middle East & Africa is estimated to follow North America; the oil & gas reservoir monitoring system market in the region is projected to expand at a moderate pace in the near future.

The oil & gas reservoir monitoring system market in Asia Pacific is likely to expand at a fast pace during the forecast period due to the increase in oil & gas exploration and production activities in the region.

Report: www.transparencymarketresearch.com…&rep_id=23768 Make an Inquiry about this news

Key players operating in the oil & gas reservoir monitoring system market include Halliburton Co., Weatherford International Limited, CGG SA, Petrospec Engineering, Schlumberger Limited, Baker Hughes Inc., Multi-Chase Group, OCTIO AS, and Roxar Software Solutions AS.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

 

News From

Transparency Market Research - In-depth AnalysisTransparency Market Research
Category: Market Research Publishers and RetailersCompany profile: TMR provides a range of marketing and business research solutions designed for your specific needs. From off-the-shelf syndicated business And market research to made-to-order custom research, we serve our clients to fulfill their immediate as well as ongoing research requirements.      We specialize in the following areas:   Syndicated Research Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverage ...

For more information:

Make an Inquiry about this report HERE!
  • www.transparencymarketresearch.com…ystem-market.html
  • www.transparencymarketresearch.com…&rep_id=23768
  • www.transparencymarketresearch.com