Conducting wireline operations fulfills a multitude of purposes in oilfield operations and exploration of gas and oil. They include logging, perforation, and completion of wells.
Discoveries in oilfield reserves boost investment in drilling activities, aiding the growth of the wireline services market.
Developing compatible all-electric systems that can be deployed from a dynamically positioned vessel also catalyzes product demand.
Safety
The oil and gas industry is rapidly expanding, driving growth in the wireline services market. These systems are used to perform a variety of critical functions, including measuring rock properties, logging formations, and perforating wells.
Wireline logs are constant downhole measurements sent through an electrical wireline to help engineers and geologists understand formation properties. These data are used to make real-time decisions about drilling and completions. This helps maximize the recovery of hydrocarbons and reduces the cost of operations. This is especially important in offshore environments, where safety and downtime are of paramount concern.
Accuracy
Wireline technology is used for logging, perforation, and oil and gas exploration completion. It also measures downhole conditions such as temperature, pressure, and resistivity.
Logging involves lowering sensors into boreholes on a cable rig to gather data. Their healthy logs measured electrical resistivity to evaluate geological formations deep within boreholes.
A wireline conveyance service allows for logging tools’ safe, cost-effective deployment in challenging environments. The service enables you to collect open-hole logging data in HP/HT, high differential sticking risk, and overbalanced conditions without the operational or HSE risks associated with other conveyance methods.
Reliability
Wireline technology is a cabling system to lower and retrieve devices like plugs, gauges, and equipment into boreholes for good intervention, well perforation, and reservoir evaluation. Its high data speed and advanced communication technology facilitate flawless service execution and reduce costs by reducing maintenance and non-operational rig downtime.
The global wireline services market is primarily driven by increasing oilfield exploration, drilling, and completion activities. The growing demand for deepwater oil & gas production is accelerating the market’s growth. The spread of the virus has impacted transportation, commercial and industrial operations, negatively affecting the market’s overall development.
Efficiency
Using wireline technology to lower measuring devices and equipment into the well for reservoir evaluation, logging, and healthy intervention purposes significantly enhances efficiency. It helps avoid capital wastage by allowing operators to obtain valuable real-time data and reduce downhole operations time.
Wireline-tractor technology offers novel intervention applications, such as shutting off water in high-angle 16,500ft wells. Its smaller footprint, reduced environmental footprint, and personnel safety risks significantly enhance its benefits compared to other intervention techniques.
For example, offshore wireline lift frames to separate coiled tubing (CT) and wireline operations from the drill floor allows faster rig-up times by slicing minutes and seconds off swap-overs. This saves costs and enables more completion stages to be pumped.
Flexibility
Wireline logging uses sensors lowered into boreholes on a cable rig to gather data using various methods, including electromagnetic and acoustic measurements. This data is collected and recorded, allowing engineers to evaluate formations and determine their potential for oil and gas exploration.
Increasing global exploration and production activities fuel the demand for wireline services. The technology is widely used for logging, perforation, and completions.
In addition, the technology can be used to perform a light intervention on subsea wells without the need for a drilling BOP or heavy equipment. This subsea well intervention and drilling equipment enables greater flexibility and improves the efficiency of interventions.
Cost-effectiveness
Growing exploration and production activities fuel the demand for offshore wireline services. The technology lowers a variety of devices into boreholes to obtain valuable and actionable real-time data that helps make crucial decisions.
In a high deviation logging scenario, conventional systems may need to be retrieved and replaced after every logging run, leading to significant costs in rig time and service company costs. This can cause delays in the operation and impact productivity.
A new impact sensor can accurately measure the force on the tool string. This can help reduce the risk of lost downhole logging runs and improve safety and efficiency.
Time-saving
The global wireline services market thrives due to rising exploration, production, and well-intervention activities. The increasing demand for energy, technological advancements, and favorable government policies drive the market.
Using wireline technology, various activities can be carried out downhole such as lowering and retrieving ESPs, firing explosive charges to fracture rocks and expand fissures, and perforating guns. These activities reduce the overall rig cost, time and increase efficiency.
An intelligent wireline formation testing platform combines the benefits of two of the most common forms of reservoir characterization-wireline transient testing and drill stem test (DST). The combined technique provides a more comprehensive measurement, which can help optimize well placement and maximize reservoir capacity.
