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Australia Wireline Logging Services Market Analysis, by Type(Open-Hole, Cased-Hole), by Wireline Type( E-Line, Slick-Line),by Value Chain(Equipment Manufacturers,Service Providers,Operators). Wireline Logging Services Market Drivers, Constraints and Opportunities.
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AUSTRALIAWIRELINE LOGGINGSERVICES MARKET
Market Shares, Forecasts& Trends
2014 - 2020
mordorintelligence.com
Australia Wireline Logging Services Market | Sample
TABLE OF CONTENTS
1. Introduction 1
1.1 Report Guidance 2
1.2 Markets Covered 3
1.3 Key Points Noted 4
2. Executive Summary 5
3. Market Overview 6
3.1 Introduction 6
3.2 Recent Developments in Wireline Logging Services 7
3.3 R & D Activities 8
3.4 Investments and Opportunities 10
4. Drivers, Constraints and Opportunities 12
4.1 Drivers 12
4.1.1 Increasing Energy Demand 12
4.1.2 Shale Boom 13
4.1.3 Increasing Exploration Activity 14
4.1.4 High Demand for Logging 15
4.2 Constraints 16
Australia Wireline Logging Services Market | Sample
4.2.1 Environmental Issues 16
4.2.2 Lack of Skilled Labor 17
4.2.3 Constitutional Barriers 18
4.3 Opportunities 19
4.3.1 Investment Opportunities in Wireline Logging Services Market 19
4.3.2 Increasing Drilling Activity Across the Globe 20
5. Wireline Logging Services Value Chain Analysis 21
5.1 Overview 21
5.2 Equipment Manufacturers 23
5.3 Service Providers 24
5.4 Operators 25
6. Australia Wireline Logging Services Market Analysis, by Type 27
6.1 Introduction 27
6.2 Open-Hole 28
6.2.1 Market Definition 29
6.2.2 Market Analysis and Forecasts 30
6.3 Cased-Hole 35
6.3.1 Market Definition 35
6.3.2 Market Analysis and Forecasts 36
Australia Wireline Logging Services Market | Sample
7. Australia Wireline Logging Services Market Analysis, by Wireline Type 41
7.1 Introduction 41
7.2 E-Line 42
7.2.1 Market Definition 43
7.2.2 Market Analysis and Forecasts 44
7.3 Slick-Line 49
7.3.1 Market Definition 49
7.3.2 Market Analysis and Forecasts 50
8. Competition 56
8.1 Overview 56
8.2 Market Share of Key Companies, by Geography 57
8.3 Market Share of Key Companies, by Equipment 60
9. Key Company Analysis 64
9.1 Baker Hughes Inc 64
9.2 Schlumberger Limited 69
9.3 Halliburton Company 75
9.4 Nabors Industries Ltd 79
9.5 Weatherford International 81
Australia Wireline Logging Services Market | Sample
9.6 Superior Energy Services, Inc 86
9.7 OilServ 88
9.8 National Drilling Company 90
9.9 RECON Petrotechnologies Ltd 92
9.10 Pioneer Energy Services 95
10. Competitive Landscape 97
10.1 Deal Summary 97
10.1.1 Acquisition 98
10.1.2 Private Equity 99
10.1.3 Equity Offerings 100
10.1.4 Debt Offerings 101
10.1.5 Partnerships 102
10.1.6 Asset Transactions 103
10.2 Recent Developments 104
10.2.1 New Technology Inventions 104
10.2.2 New Contract Announcements 105
11. Appendix 106
11.1 Sources 106
11.2 Abbreviations 107
Australia Wireline Logging Services Market | Sample
11.3 Market Definition 108
11.3.1 Methodology 109
11.3.2 Coverage 110
11.3.3 Secondary Research 111
11.3.4 Primary Research 112
11.3.5 Expert Panel Validation 113
11.4 Contact Us 114
11.5 Disclaimer 115
Australia Wireline Logging Services Market | Sample 14 | Mordor Intelligence
4. DRIVERS, CONTRAINTS AND OPPORTUNITIES
4.1 DRIVERS
4.1.3 INCREASING EXPLORATION ACTIVITY
Exploration is one of the core activities of the oil and gas industry globally. Although there have been
some difficulties with operating in tougher environmental conditions in deeper waters in some regions,
spending on exploration activities in Australia has been on the rise over the past five years. While total
spending on property acquisition continued to fluctuate. Total upstream spending by top companies in
Australia is relatively flat in the last five years, compared to strong growth shown between 1995 and
2005.
The dramatic increase in drilling activity across Australia between 1990 and 2000 has boosted country’s
economy and job growth significantly. Oil companies are not only eager to drill onshore/offshore fields
but also enthusiastic about creating jobs and bringing more oil to the world. This will help lower the oil
and gas prices. Increased offshore investment and production would support hundreds of new jobs and
provide billions of dollars in new wages and tax revenues.
Upstream expenditures for oil and gas production can be divided into three categories: Property
acquisition, exploration & development, and production. exploration and development includes
expenditures related to searching and developing the facilities and infrastructure to produce reserves.
Production includes costs associated with extracting oil and natural gas from the ground once the field
Australia Wireline Logging Services Market | Sample 15 | Mordor Intelligence
has been developed. Property acquisition includes costs incurred to purchase proved and unproved oil
and natural gas reserves.
Acquisition expenditures may fluctuate, spiking when there are large mergers and acquisitions. For
example, after ExxonMobil’s acquisition of XTO in 2010, acquisition expenditures had surged to very
high levels and later it declined by 2013.
Flat oil prices, decreasing reserves, increasing energy demand are encouraging oil and gas companies
to invest more in exploration and production activities thereby boosting the wireline logging services
demand in the country.
However, with the number of exploration wells being spudded decreasing since the past decade, the
Wireline logging services market in the country is expected to witness fluctuations in market demand in
the next decade. Mordor Intelligence estimates, that the decreasing exploration activity in Australia is
expected to be compensated to some extent by increasing drilling activity in terms of water depths, both
in onshore unconventional wells and offshore wells. This extensive drilling activity is expected to reduce
the fluctuations gap in market demand.
Australia Wireline Logging Services Market | Sample 27 | Mordor Intelligence
6 AUSTRALIA WIRELINE LOGGING SERVICES MARKET ANALYSIS
The recent growth in Australia’s energy consumption has been lower than the average of the last five
years at 2% compared to 2.7% but still the energy consumption has been increasing. The primary energy
consumption in Australia in 2013-14 was Petroleum which accounted for 62% of the total energy
consumption. The consumption of petroleum is estimated to increase to 80% by 2049-50.
Table 7: Production of Petroleum Liquids by State (in million barrels)
Crude Condensate LPG
2012 2013 2012 2013 2012 2013
New South Wales - - - - - -
Northern Territory 2.5 1.8 - - - -
Queensland 5 5 1.7 1.6 2.4 2.2
South Australia 3.7 7.2 0.1 1.3 - -
Tasmania - - 0.1 0.6 0.1 0.6
Victoria 11.8 9.3 7.8 7.8 10.3 10.9
Western Australia 63.7 44.6 39.3 36.6 9.4 7.9
Total 86.7 67.9 49 47.9 22.1 21.6
Australia has significant quantities of discovered gas resources, many of which remain undeveloped. So,
decent market opportunity exists to develop new gas projects, including for residential and commercial
use, domestic gas processing industries and export sales.
Australia Wireline Logging Services Market | Sample 28 | Mordor Intelligence
Figure 13: Number of Exploration Wells Spudded In Australia
The number of exploration wells spudded in the country continues to fluctuate in the recent years, and
is in the downward trend compared to 2001 levels. However, the number of offshore wells has been
halved in the past decade and the number of onshore wells continues to fluctuate following downward
trend.
The level of exploration activity in the country is increasing in terms of water depths, the major reason
behind this could be the operators trying to find new oil and gas resources in much deeper waters and
tougher environmental conditions.
DATA HIDDEN FROM VIEW
Australia Wireline Logging Services Market | Sample 29 | Mordor Intelligence
Figure 14: Australia – Exploration Drilling Activity Trend (000s Meters)
Australia’s Wireline logging services market is expected to increase from 2013 levels, though
fluctuating; it is expected to follow the constant trend. The major reasons behind these fluctuations
could be the decreasing exploration activity and decreasing number of wells being drilled every year. But
the increasing water depths being drilled every year is giving some hope to Wireline logging services
market.
Australia has various factors affecting the Wireline logging services market in the country, some of
them are taxes, charges and fees oil and gas companies pay to government. When it comes to
petroleum related activities Australia pays a variety of taxes. It is estimated that on an average, taxes
and fees accounts for just under half of the industry’s overall level of pre-tax profit.
Total taxes have been amounted to approximately $8 billion in the last five years, with company taxes
estimated to account for slightly more than half of the actual total amount. Companies traditionally
invested more than the actual level of profits in Australia. The country’s oil and gas industry has spent
more than twice the capital investment in the past decade over cumulative profits.
DATA HIDDEN FROM VIEW
Australia Wireline Logging Services Market | Sample 30 | Mordor Intelligence
Figure 15: Australia Wireline Logging Services Market Demand
Table 17: Australia Wireline Logging Services Market Demand to 2020
Year Market Demand
2010 XX
2011 XX
2012 0.16
2013 XX
2014 0.19
2015 XX
2016 XX
2017 0.21
2018 XX
2019 XX
2020 XX
DATA HIDDEN FROM VIEW
Australia Wireline Logging Services Market | Sample 69 | Mordor Intelligence
9 KEY COMPANY ANALYSIS
9.2 SCHLUMBERGER LTD.
COMPANY OVERVIEW
Schlumberger Limited is the world's largest oilfield services company. The company operates in more
than 80 countries and employs nearly 1,30,000 people. Schlumberger Limited, together with its
subsidiaries, supplies technology, integrated project management and information solutions to oil and
gas exploration and production industries worldwide. The company was founded in 1926 and its
principal offices are located in Paris, Houston, London and The Hague.
BUSINESS DESCRIPTION
Schlumberger operates through three groups: Reservoir characterization, drilling and production.
The Reservoir Characterization group provides reservoir imaging, monitoring, and development services;
wireline technology that offers open-hole and cased-hole services; exploration and production pressure
and flow-rate measurement services; information solutions, such as software, consulting, information
management, and IT infrastructure services that support oil and gas industry; data interpretation and
integration services; consulting services; and industry petrotechnical training solutions.
The Drilling group designs, manufactures, and markets roller cone and fixed cutter drill bits, and drilling
fluid systems; geo services; supplies engineering support, directional-drilling, measurement-while-
drilling, and logging-while-drilling services; provides bottom hole assembly drilling tools, borehole
enlargement technologies, impact tools, and tubulars and tubular services; and dynamic pressure
management solutions.
The Production group provides well services comprising pressure pumping, well cementing, stimulation,
and intervention; well completion services and equipment, such as packers, safety valves, and sand
control technology; artificial lift; coiled tubing equipment and services; slickline services for downhole
Australia Wireline Logging Services Market | Sample 70 | Mordor Intelligence
mechanical well intervention, reservoir monitoring, and downhole data acquisition; subsea solutions;
and geological storage solutions, including storage site characterization for carbon dioxide, as well as
engages in the development, management, and environmental protection of water resources.
KEY FINANCIALS
Full year 2013 revenue of $45.27 billion increased 8 percent versus the same period last year with
international revenue 11 percent higher and North America revenue increasing 3 per cent.
Internationally, higher exploration and development activities in a number of geomarkets, both offshore
and onshore markets, contributed to the increase. The increase was led by the Middle East and Asia
which increased 23 per cent, mainly from robust results across a diversified portfolio of projects and
activities in Saudi Arabia, Iraq and UAE: increased seismic surveys across Asia, and sustained land and
offshore drilling activity in Australia and China geo markets. Europe/CIS/Africa revenue increased 8 per
cent, led by the Russia and central Asia region on strong land activity in central Siberia and robust
offshore projects in Sakhalin. The Sub-Saharan region increased on strong development, exploration
and seismic activities as well. Latin America was increased by 3 per cent, mainly due to solid progress
on an SPM project in Ecuador and strong IPM results in Argentina.
North America growth is driven by increased offshore revenue as a result of higher drilling and
exploration activities. This increase was largely offset by a decline in land as a result of reduction in rig
count and pricing weakness in the areas of drilling, stimulation and wireline, although the pricing trend
slowed down during the second and third quarters.
Full year 2013 pretax operating income of $9.34 billion increased 15 per cent versus the same period
last year as international pretax operating income of $6.88 billion increased 24 per cent, while North
America pretax operating income of $2.7 billion was flat.
Australia Wireline Logging Services Market | Sample 71 | Mordor Intelligence
Schlumberger Financial Performance ($ millions)
Financial Performance 2013 2012 2011
Revenue 45,266 41,731 36,579
Income from Continuing Operations 6,801 5,230 4,516
Schlumberger Financial Performance by Groups ($ millions)
Oil Field Services 2013 Column1 2012 Column2
Revenue Income Before Taxes Revenue Income Before Taxes
Reservoir
Characterization 12,246 3,647 11,159 3,069
Drilling 17,317 3,309 15,892 2,789
Production 15,927 2,619 14,802 2,327
Eliminations & Other -224 -231 -122 -68
Total 45,266 9,344 41,731 8,117
Australia Wireline Logging Services Market | Sample 72 | Mordor Intelligence
Schlumberger Financial Performance by Geography ($ millions)
By Geography 2013 Column1 2012 Column2
Oil Field Services Revenue Income Before Taxes Revenue Income Before Taxes
North America 13,897 2,735 13,535 2,737
Latin America 7,751 1,589 7,554 1,387
Europe/CIS/Africa 12,366 2,589 11,444 2,245
Middle East & Asia 10,810 2,700 8,775 1,921
Eliminations & Other 442 -269 423 -173
Total 45,266 9,344 41,731 8,117
ANALYST VIEW
Schlumberger is an organization with global presence. The company helps oil and gas operators in
providing the accuracy and comprehensive scope needed to correctly determine the petro physical
properties of the reservoir and its fluid contents. From its operations in Australia, the company’s
Wireline logging services market share in the country is expected to hit XX per cent mark by 2020.
However fluctuations in the country’s Wireline logging services market could also affect the company’s
market share in the coming decade. The company is planning to develop new technologies that will help
reduce both cost and time of operators.
The five per cent growth in revenues in the first quarter of 2014, compared to 2013 is mainly due to
further growth in key markets such as Australia and Saudi Arabia. Robust drilling activity and
technology uptake in Australia helping the company increase its revenue from Australian operations.
Australia Wireline Logging Services Market | Sample 73 | Mordor Intelligence
In addition, the company is very active in signing new contracts. In Australia, Schlumberger Completions
has been awarded a contract worth $40 million by INPEX. The contract covers the upper and
intermediate completions for the first 20 wells in Phase I of the upcoming Ichthys development.
Based on all these, Mordor Intelligence estimates the company is expected to show decent growth in
Wireline logging services market in the coming decade.
Australia Wireline Logging Services Market | Sample
9. DISCLAIMER
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ABOUT US
Mordor Intelligence is a global market research and consulting firm. Our singular focus is to provide
research insights for business success.
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Manufacturing, Logistics, Electronics and Automotive. However diverse the expertise maybe, everyone
in our team shares one common trait - we love data and we love providing solutions to clients using that
data even more. Seeing your business flourish based on our solutions and strategy is what we love the
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