Lucintel`s Analysis of Global Oil and Gas Exploration and Evaluation Industry: ROW to Drive the Industry Growth


   January 1 2013


The global oil and gas exploration and evaluation industry has experienced good growth over the last five years and is expected to continue the growth momentum and reach approximately $21.1 billion in 2017. ROW has growth potential in the industry due to sightings of new deep-water in Brazil, land seismic activity in the Middle East, and new surveys in North Africa.



Lucintel, a leading global Management Consulting and market research firm, has conducted a competitive analysis of the global gas oil and gas exploration and evaluation companies and presents its findings in Top Five Global Oil and Gas Exploration and Evaluation Companies: Performance, Strategies, and Competitive Analysis.” The report provides detailed insight into the performance of the top five oil and gas exploration and evaluation companies across the world. The analysis highlights the companies that perform the best among the group, and therefore illustrates leading performance standards. The strengths and weaknesses of all the top five companies are covered in the report.



The industry consists of companies engaged in determining the ability of the borehole to produce oil and gas. It also includes seismic survey, wire line, and mud logging. In this study, Lucintel profiles following five companies with detailed competitive assessments:



 




  • CGGVeritas Inc.                                      


  • Geokinetics Inc.                        


  • Halliburton                                


  • Petroleum Geo-Services ASA                            


  • Schlumberger Ltd.                               



 

As per Lucintel, APAC is a growing region for the gas oil and gas exploration and evaluation industry due to increasing investments in offshore Australia, discovery of new reserves in China and Malaysia and strong oil and gas well completions and artificial lift product sales in India. While North America is currently a large industry with developed economy, there is good growth potential in future.



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