Advanced Oil and Gas Exploration and Downhole Technologies: Global Markets to 2021

Report Code: EGY043B

Publish Date: Jan 2018

Publisher: BCC Publishing

Category: Energy

Customize This Report

Explore Our Services

Already a member? Login to access this report free.

Report Highlights

The global market for advanced exploration and downhole technology reached $163.2 billion in 2015. This market is estimated to reach $233.4 billion in 2021 from $175.8 billion in 2016 at a compound annual growth rate (CAGR) of 5.8% for 2016-2021. 

Report Includes

  • 94 data tables and 94 additional tables.
  • An assessment and evaluation of the demand for advanced exploration and new downhole techniques for oil and gas production.
  • Analyses of global market trends, with data from 2015 and 2016, and projections of compound annual growth rates (CAGRs) through 2021.
  • An overview of the importance of advanced exploration and new downhole techniques in relation to the overall global and U.S. economies.
  • Evaluation of environmental and energy regulations and their impacts on the market.
  • The structure of the industry and competitive aspects.
  • Market segmentation and fragmentation, channels of distribution, pricing economics, and purchasing influences.
  • Profiles of major players in the industry, including: Dawson Geophysical Company, Fugro NV, Mitcham Industries, Petroleum Geoservices ASA (PGS), Polarcus Ltd., Schlumberger WesternGeco, SeaBird Exploration, Helmerich and Payne.

Report Scope

This report is divided into 10 chapters. Chapter 1 identifies the study’s goals and objectives, reasons for doing this study, information sources, methodology and the analyst’s credentials. 

Chapter 2 provides a summary of the report, including a summary table and summary figure. 

Chapter 3 presents the market and technology background, describing the importance of advanced oil and gas exploration and downhole technologies in relation to the more traditional practices, including a brief history and important indications for the industry. 

Chapter 4 presents the market for advanced oil and gas exploration and downhole technology by type, including seismic, geophysical, drilling, completion, artificial lift, revitalization/rejuvenation of old, abandoned fields, and abandonment/decommissioning and waste management. 

Chapter 5 details the demand by end user by oil type, gas company and region. 

Chapter 6 presents the demand by application in finding (i.e., discovery and imaging), reaching the reserves, recovery of the reserves, and abandonment/decommissioning and waste management. 

Chapter 7 presents the demand by region, including North America, Europe, Asia-Pacific and the Rest of the World. An in-depth quantification of advanced exploration and downhole expenditures by region includes forecasts to 2021. 

Chapter 8 presets the patent overview and new technological development impacting the industry. This section is particularly important to this discussion of the oil market, as no nation can enjoy long-term energy security without innovation, and international stability cannot be secured without establishing mutually beneficial economic cooperation rooted in technology development. 

Chapter 9 presents an analysis of the market opportunities, along with the industry structure, concentration factors, market leaders and their performance. It also presents important strategies for staying competitive and important shifts in the industry. Trade practices, concentration factors, company earnings and changes are assessed. Other aspects covered in this section include pricing economics and purchasing influences. 

Chapter 10 provides the company profiles, including contact addresses, websites, and telephone and e-mail contact information of selected companies involved in advanced oil and gas exploration and downhole technology.

Analyst Credentials

Edward Gobina is a Full U.K. Professor of Chemical and Processing Engineering with 33 years of research and teaching experience in environmental engineering, oil and gas engineering, petrochemical reaction engineering, and catalytic membrane-reactor technology. His scientific achievements are archived in more than 400 scientific articles, and they are spread in more than 25 granted patents, more than 30 patent applications and more than 150 invited and guest speaker presentations, as well as contributed presentations and prestigious refereed scientific journals, newsletters, proceedings and reviews. He has been a project analyst for BCC Research since 1998, having authored more than 30 BCC Research reports that have provided the critical links in the entire chemical, materials and energy infrastructure chain occasioned from biorefineries, hydrogen to oil and gas, sensors and monitoring, and LNG infrastructure. Professor Gobina is a member of the European Membrane Society (EMS), the North American Membrane Society (NAMS) and the New York Academy of Sciences (NYAS). He is the current director of the Centre for Process Integration and Membrane Technology (CPIMT) within the School of Engineering at the Robert Gordon University in the U.K.

 

Need pricing for multiple titles, a complete report bundle, or something specially curated to fit your budget? EXPLORE OFFERS
Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Advanced Oil and Gas Exploration and Downhole Technologies: Global Markets to 2021305Free
Chapter- 1: INTRODUCTION10Free
Chapter- 2: Summary and Highlights2Free
Chapter- 3: Market and Technology Background91Free
Chapter- 4: Market Breakdown by Technology Type 74Free
Chapter- 5: Market Breakdown by End User6Free
Chapter- 6: Market Breakdown by Application15Free
Chapter- 7: Market Breakdown by Region18Free
Chapter- 8: Patent Review and New Developments16Free
Chapter- 9: Market Opportunities35Free
Chapter- 10: Company Profiles38Free

Related Reports

2024 Manufacturing Research Review

Published - Mar 2025 | Publisher - BCC Publishing | Code - MFG071D

This 2024 Research Review of manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.

Water Meters, Water Quality Sensors and Water Leak Detection: Global Markets

Published - Oct 2024 | Publisher - BCC Publishing | Code - ENV039C

The global market for water meters is estimated to increase from $15.0 billion in 2023 to reach $19.3 billion by 2029, at a compound annual growth rate (CAGR) of 4.5% from 2024 through 2029.

Biorefinery Products and Applications: Global Markets

Published - Jul 2024 | Publisher - BCC Publishing | Code - EGY117E

The global market for biorefinery products and applications was valued at $715.7 billion in 2023. The market is expected to grow from $775.2 billion in 2024 to nearly $1.2 trillion by 2029, at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2029.

Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others

Published - Dec 2023 | Publisher - BCC Publishing | Code - MFG016J

The global market for NDT equipment and services is estimated to increase from $31.3 billion in 2023 to reach $50.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.

Track the Latest Global Tariff Developments

In today's fast-paced global economy, tariffs are no longer static—they are dynamic levers shaped by geopolitical realignments, supply chain vulnerabilities, inflationary pressures, and sustainability-driven trade reforms. As governments worldwide recalibrate their trade strategies, businesses are left to navigate a maze of shifting rules, rising costs, and regulatory uncertainty.

Our analysis empowers you with real-time updates and in-depth expert analysis on all facets of global tariff activity. From new trade agreements and sanctions to abrupt tariff hikes and retaliatory duties, we monitor developments across borders, sectors, and industries—so you don't have to.

Whether it's the ongoing U.S.–China trade dynamics, the evolving EU Carbon Border Adjustment Mechanism (CBAM), or the emerging policies in India, ASEAN, and Latin America, we provide full-spectrum coverage. We also track multilateral trade negotiations, World Trade Organization (WTO) rulings, and sector-specific duty structures—ensuring you are always ahead of global trade shifts.

With our analysis, you can stay informed, identify risks, and confidently respond to tariff changes—no matter where you operate.

Ready to see what tariff means for your business?

Consult with our experts or request your custom Tariff Impact Brife today

Stay Informed, Stay Competitive

In today's interconnected and unpredictable global economy, staying ahead of tariff shifts is not just important—it's essential. BCC Research provides decision-makers with trusted, research-driven insights that turn uncertainty into opportunity.

Our in-depth market analysis and trade intelligence help you decode how tariff changes impact your specific sector—manufacturing, healthcare, technology, agriculture, or energy. We break down complex data into actionable knowledge through comprehensive reports, expert commentaries, and sector-focused forecasts.

Our analysis includes:

  • Thorough breakdowns of current and proposed tariff policies and how they affect regional and global trade flows.
  • Sector-specific implications, helping you understand the strategic impact on sourcing, pricing, and competitiveness.
  • Forward-looking insights to support risk management, planning, and response strategies for evolving trade conditions.

With BCC Research, you gain more than just information—you gain clarity and confidence to make well-informed decisions in a volatile trade environment.

Don't let tariffs catch you off guard—let our insights guide your strategy.

This is an Excel-only version of the report.

Report Includes

    Total Number of Tables in this Report: 188

  • Summary Table: Global Market for Advanced Exploration and Downhole Technology, by Application, Through 2021
  • Table 1: Classification and Description of the Basic Hydrocarbons Extraction Industry
  • Table 2: Classification of Petroleum Resources
  • Table 3: Stages Split in the Oil and Gas Industry
  • Table 4: Site Development for the Oil and Gas Producing Fields
  • Table 5: Upstream Oil and Gas Lifecycle
  • Table 6: Main Steps Involved in Oil and Gas Field Development
  • Table 7: Implementation, Development and Innovation Along Lifecycle Phases of a Petroleum Reservoir
  • Table 8: Industry Overview
  • Table 9: Energy Return on Energy Invested in Major Petroleum Resources
  • Table 10: Global Oil Production, by Field Maturity, Through 2021
Sample Report

Recent Reports

Global White Hydrogen Market

Published - Jun 2025 | Publisher - BCC Publishing | Code - EGY203A

The report provides an analysis of the global market for white hydrogen. Using 2024 as the base year, the report provides estimated market data for 2025 through 2030. The market in this report is segmented into by source, by application, and by region. The report concludes with profiles of the major players in the market.

Renewable Energy Regional Analysis Market: Middle East and North Africa

Published - Jun 2025 | Publisher - Kunal Nagpure | Code - EGY204A

This report provides an in-depth analysis of the renewable energy market in the Middle East and North Africa (MENA) region, using 2024 as the base year and forecasting trends from 2025 to 2030, with estimations of compound annual growth rates (CAGR).

Electrical Switches: Technologies and Global Markets

Published - May 2025 | Publisher - BCC Publishing | Code - EGY145B

The global market for electrical switches is expected to grow from $16.0 billion in 2025 and is projected to reach $20.8 billion by the end of 2030, at a compound annual growth rate (CAGR) of 5.4% during the forecast period of 2025 to 2030.

2024 Sustainable Energy Research Review

Published - Apr 2025 | Publisher - BCC Publishing | Code - EGY202A

The Energy industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years. This report provides a sampling of the types of quantitative market information, analysis and guidance that has been aiding business decision making since the inception of BCC Research in 1971.

Renewable Energy: Technologies and Global Markets

Published - Apr 2025 | Publisher - BCC Publishing | Code - EGY049F

The global market for renewable energy is estimated to increase from $1.3 trillion in 2024 to reach $2.0 trillion by 2029, at a compound annual growth rate (CAGR) of 8.7% from 2024 through 2029.

Top Trending Reports

Global Pharmaceutical Drugs Industry: Competitive Landscape 2023

Published - May 2025 | Publisher - BCC Publishing | Code - PHM263B

This report discusses the global pharmaceutical drugs industry and its competitive landscape in terms of significant player market ranking and top pharmaceutical drugs. Company profiles of the top 50 pharmaceutical companies, innovative products and technologies, trends and market dynamics, competitive intelligence, and regional trends are well-researched and analyzed in this report.

Biologic Therapeutic Drugs: Technologies and Global Markets

Published - May 2025 | Publisher - BCC Publishing | Code - BIO079F

The global market for biologic therapeutic drugs is estimated to increase from $499.2 billion in 2024 to reach $794.5 billion by 2029, at a compound annual growth rate (CAGR) of 9.7% from 2024 through 2029.

Next-Generation Advanced Batteries: Global Markets

Published - May 2025 | Publisher - BCC Publishing | Code - FCB062B

The global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029.

Global Markets and Manufacturing Technologies for Protein Drugs

Published - Apr 2025 | Publisher - BCC Publishing | Code - BIO021G

The global protein drugs market is expected to grow from $441.7 billion in 2024 and is projected to reach $655.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 8.2% during the forecast period of 2024 to 2029.

Global Markets for Emerging Medical Device Technologies

Published - Mar 2025 | Publisher - BCC Publishing | Code - HLC191C

The global market for emerging medical devices is estimated to increase from $136.6 billion in 2024 to reach $223.9 billion by 2029, at a compound annual growth rate (CAGR) of 10.4% from 2024 through 2029.

Published - Nov-2007| Analyst - Edward Gobina| Code - EGY043A

Report Highlights

  • Global spending on advanced exploration and new downhole techniques will reach $223.183 billion/year in 2012 or 6.4% of the total global oil and gas market in 2012.
  • The increase in spending falls short of the $450 billion in investments that are needed annually on advanced exploration and new downhole techniques over the next quarter century to prevent shortages of oil or natural gas.
  • The use of advanced exploration and new downhole technologies will contribute significantly in reducing the dependence on the volatile Middle East because the technologies increase the supplies of liquids that are not under the control of OPEC.

Become A Member

BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.

Find Out More

Custom Consulting

BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.

Customize Now

Scorecard

The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.

Find Out More

Innovation Spotlight

Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.

Find Out More
Advanced Oil and Gas Exploration and Downhole Technologies: Global Markets to 2021
Customize Report