Product Code: PM3306
The global reservoir analysis market size is expected to reach USD 12.48 billion by 2032, according to a new study by Polaris Market Research. The report "Reservoir Analysis Market Share, Size, Trends, Industry Analysis Report, By Service (Reservoir Simulation & Geo Modeling, Data Acquisition & Monitoring Services, and Reservoir Sampling Services); By Application; By Reservoir Type; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The benefits of the reservoir analysis procedures are driving the growth of the market. Reservoir analysis is a procedure that aims to increase reservoir accuracy, effectiveness, and dependability. By monitoring and managing the reservoir's size, complexity, reservoir, and fluid parameters, depletion status, and regulatory restrictions, they are assisting in reducing the consequences of uncertainty. It also assists in determining the viability of future development projects, among other things, and aids operators in determining whether or not a prospect will be profitable enough for further exploration.
Further, the internet of things (IoT), data analysis tools, data collection equipment, and real-time good data available for exploration and production companies, as well as the rising need to maximize hydrocarbon recovery, are among the significant technological advancements that are expected to propel the growth of the global reservoir analysis market for the forecast period. In February 2023, To develop and optimize shale reservoirs, Computer Modelling Group Ltd. acquired Unconventional Subsurface Integration LLC's unique AI-based data analytics technology. This marks the company's entry into the data analytics market. It is exceptional in the way it uses analytics to physics-based data to match well types, optimize well spacing and timing, and increase asset valuation and production efficiency
Additionally, operators are currently exploring more complicated and expensive unconventional Oil & gas plays as a result of the continually expanding need for energy. It thus becomes necessary to comprehend the geo-mechanical behavior of such systems during manufacturing. For instance, in January 2022, The Mexican Pacific Khamsin drillship will be used in a new offshore drilling project announced by Malaysian oil and gas company Petronas. Petronas has been given a single well deal with a daily fee of roughly USD 192 000. Designing effective completions and producing unorthodox plays demands in-depth reservoir understanding.
Reservoir Analysis Market Report Highlights
The onshore segment is anticipated to grow at a highest CAGR of over the forecast due to the analysis assists in determining production potential, timing, and an estimated ultimate recovery value.
With majority of global revenue coming from offshore, it dominated the global market globally, and exploration, production, and potential future developments take less time and money. Moreover, it offers a precise reserve estimation.
North America holds a dominant market share. Government and corporate organizations across the region have made enormous expenditures to explore the size of its upstream oil and gas industry
The global players include: Baker Hughes, Core Laboratories, CGG Pvt.., Emerson Electric, Expro Group, General Electric, Halliburton Company, Paradigm Group, Probe Holdings, Schlumberger, Trican Well Service, & Weatherford International.
Polaris Market Research has segmented the Reservoir Analysis Market report based on service, application, reservoir type, and region:
Reservoir Analysis Market, Service Outlook (Revenue - USD Billion, 2019 - 2032)
- Reservoir Simulation & Geo Modeling
- Data Acquisition& Monitoring Services
- Reservoir Sampling Services
Reservoir Analysis Market, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Reservoir Analysis Market, Reservoir Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Conventional
- Unconventional
Reservoir Analysis Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Reservoir Analysis Market Insights
- 4.1. Reservoir Analysis Market - Reservoir Type Snapshot
- 4.2. Reservoir Analysis Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Transition in reservoir technology
- 4.2.1.2. Rise in focus on mature oil & gas fields and new field developments
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High cost associated with Reservoir Analysis
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Reservoir Analysis Market Reservoir Type Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Reservoir Analysis Market, by Service
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 5.3. Reservoir Simulation & Geo Modeling
- 5.3.1. Global Reservoir Analysis Market, by Reservoir Simulation & Geo Modeling, by Region, 2019-2032 (USD Billion)
- 5.4. Data Acquisition& Monitoring Services
- 5.4.1. Global Reservoir Analysis Market, by Data Acquisition& Monitoring Services, by Region, 2019-2032 (USD Billion)
- 5.5. Reservoir Sampling Services
- 5.5.1. Global Reservoir Analysis Market, by Reservoir Sampling Services, by Region, 2019-2032 (USD Billion)
6. Global Reservoir Analysis Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 6.3. Onshore
- 6.3.1. Global Reservoir Analysis Market, by Onshore, by Region, 2019-2032 (USD Billion)
- 6.4. Offshore
- 6.4.1. Global Reservoir Analysis Market, by Offshore, by Region, 2019-2032 (USD Billion)
7. Global Reservoir Analysis Market, by Reservoir Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 7.3. Conventional
- 7.3.1. Global Reservoir Analysis Market, by Conventional, By Region, 2019-2032 (USD Billion)
- 7.4. Unconventional
- 7.4.1. Global Reservoir Analysis Market, by Unconventional, By Region, 2019-2032 (USD Billion)
8. Global Reservoir Analysis Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Reservoir Analysis Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Reservoir Analysis Market - North America
- 8.3.1. North America: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.3.2. North America: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.3.3. North America: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.3.4. Reservoir Analysis Market - U.S.
- 8.3.4.1. U.S.: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.3.5. Reservoir Analysis Market - Canada
- 8.3.5.1. Canada: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4. Reservoir Analysis Market - Europe
- 8.4.1. Europe: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.3. Europe: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4.4. Reservoir Analysis Market - UK
- 8.4.4.1. UK: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4.5. Reservoir Analysis Market - France
- 8.4.5.1. France: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.5.3. France: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4.6. Reservoir Analysis Market - Germany
- 8.4.6.1. Germany: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4.7. Reservoir Analysis Market - Italy
- 8.4.7.1. Italy: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4.8. Reservoir Analysis Market - Spain
- 8.4.8.1. Spain: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4.9. Reservoir Analysis Market - Netherlands
- 8.4.9.1. Netherlands: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.4.10. Reservoir Analysis Market - Russia
- 8.4.10.1. Russia: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.5. Reservoir Analysis Market - Asia Pacific
- 8.5.1. Asia Pacific: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.5.4. Reservoir Analysis Market - China
- 8.5.4.1. China: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.5.4.3. China: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.5.5. Reservoir Analysis Market - India
- 8.5.5.1. India: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.5.5.3. India: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.5.6. Reservoir Analysis Market - Malaysia
- 8.5.6.1. Malaysia: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.5.7. Reservoir Analysis Market - Japan
- 8.5.7.1. Japan: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.5.8. Reservoir Analysis Market - Indonesia
- 8.5.8.1. Indonesia: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.5.9. Reservoir Analysis Market - South Korea
- 8.5.9.1. South Korea: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.6. Reservoir Analysis Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.6.4. Reservoir Analysis Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.6.5. Reservoir Analysis Market - UAE
- 8.6.5.1. UAE: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.6.6. Reservoir Analysis Market - Israel
- 8.6.6.1. Israel: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.6.7. Reservoir Analysis Market - South Africa
- 8.6.7.1. South Africa: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.7. Reservoir Analysis Market - Latin America
- 8.7.1. Latin America: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.7.4. Reservoir Analysis Market - Mexico
- 8.7.4.1. Mexico: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.7.5. Reservoir Analysis Market - Brazil
- 8.7.5.1. Brazil: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
- 8.7.6. Reservoir Analysis Market - Argentina
- 8.7.6.1. Argentina: Reservoir Analysis Market, by Service, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Reservoir Analysis Market, by Reservoir Type, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Reservoir Analysis Market, by Application, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Baker Hughes
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Core Laboratories
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. CGG Pvt
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Emerson Electric
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Expro Group
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. General Electric
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Halliburton Company
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Paradigm Group
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Probe Holdings
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Schlumberger
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Trican Well Service
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Weatherford International
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development