Global Seismic Survey Market: Industry Analysis & Outlook (2017-2021)

  • ID: 4312105
  • Report
  • Region: Global
  • 78 Pages
  • Koncept Analytics
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Seismic Survey Market to Present an Optimistic View with Improving Demand

Seismic wave research forms an important part of the oil exploration and production industry. These waves help in analyzing the ability to understand and predict earthquakes and tsunamis. Seismic waves also reveal information about the Earth's composition and features, and are therefore created artificially to locate oil, natural gas and minerals. A seismic survey is conducted by creating a shock wave i.e. a seismic wave, on the surface using an energy source, which are then recorded and analyzed by geologists.

Seismic surveys have become a major tool of exploration for both onshore and offshore. Seismic data is collected is mainly in 2D, 3D, and 4D forms. The global seismic market saw a slump post 2013 due to which the market suffered from heavy debts, decreased demand and slashed exploration budgets. But the market has now started to finally recover from the downturn and is expected to register moderate growth in the coming years.

The global seismic survey market growth will be driven by factors such as positive development in oil prices, increasing activity level both offshore & onshore, and strong regaining ocean seismic market. The global market currently is trending with vessel reactivation, sprouting contract seismic market, and increased converted contracts demand. However, the market will be challenged by ageing skilled human resource and high barriers to entry.

The report offers an in-depth analysis of the global seismic survey market. It also covers multi-client and contract seismic market as well. The top notch players in the market exhibit a very close competition. The report profiles CGG SA, Petroleum Geo-Services (PGS), TGS, and Polarcus Ltd.

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1. Market Overview
1.1 Seismic Waves
1.2 Seismic Survey
1.3 Types of Seismic Survey
1.4 Phases of Seismic Survey
1.5 Seismic Acquisition
1.6 Multi-Client Seismic Market
1.7 Contract Seismic Market

2. Global Seismic Market Analysis
2.1 Global Seismic Market by Value
2.2 Global Seismic Market Forecast by Value
2.3 Global Seismic Market’s Net Debt/EBITDA
2.4 Global Seismic Market’s Net Debt/EBITDA Forecast
2.5 Global Seismic Fleet Market
2.5.1 Global Seismic Vessels and Streamers Volume
2.5.2 Global Seismic Vessels and Streamers Volume Forecast
2.5.3 Global Seismic Active Fleet Utilization Forecast
2.5.4 Global Seismic Fleet’s Supply and Demand Situation
2.5.5 Global Seismic Streamer Efficiency and Acreage Coverage
2.5.6 Global Seismic Streamer Efficiency and Acreage Coverage Forecast
2.5.7 Global Seismic Vessel’s Regional Operation Share

3. Global Multi-Client & Contract Seismic Market Analysis
3.1 Global Multi-Client Seismic Market
3.1.1 Global Multi-Client Seismic Market by Value
3.1.2 Global Multi-Client Seismic Market Forecast by Value
3.2 Global Contract Seismic Market
3.2.1 Global Contract Seismic Market by Value
3.2.2 Global Contract Seismic Market Forecast by Value

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Positive Development in Oil Prices
4.1.2 Increasing E&P Spending
4.1.3 Activity Level Picking up in Seismic Market
4.1.4 Strong Regaining Ocean Bottom Seismic (OBS) Market
4.1.5 Economic Growth
4.2 Trends & Developments
4.2.1 Vessel Reactivation
4.2.2 Sprouting Contract Seismic Market Activity
4.2.3 Increasing Trend of Converted Contracts
4.2.4 Continued High Multi-Client Allocation
4.3 Challenges
4.3.1 Fluctuating Oil Prices
4.3.2 Ageing Skilled Human Resource
4.3.3 High Barriers to Entry

5. Competitive Landscape
5.1 Global Seismic Market
5.1.1 Revenue Comparison
5.1.2 MC Investment and Sales Comparison
5.1.3 Global Seismic 3D Fleet Market Share
5.1.4 Global Seismic Active 3D Fleet Market Share
5.1.5 Global Contract Seismic Market Share

6. Company Profiles
6.1 CGG SA
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 Petroleum Geo-Services (PGS)
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 TGS
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 Polarcus Ltd.
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies

List of Charts
Working of a Seismic Survey
Exploration & Production Workflow
Types of Seismic Survey
Phases of Seismic Survey
Classification of Seismic Acquisition
Global Seismic Market by Value (2012-2016)
Global Seismic Market Forecast by Value (2017-2021)
Global Seismic Market’s Net Debt/EBITDA* (2012-2016)
Global Seismic Market’s Net Debt/EBITDA* Forecast (2017-2021)
Global Seismic Vessel and Streamer Volume (2012-2016)
Global Seismic Vessels and Streamers Volume Forecast (2017-2021)
Global Seismic Active Fleet Utilization Forecast (2016-2021)
Global Seismic Fleet’s Supply and Demand Situation (2012-2016)
Global Seismic Streamer Efficiency and Acreage Coverage (2012-2016)
Global Seismic Streamer Efficiency and Acreage Coverage Forecast (2017-2021)
Global Seismic Vessel’s Regional Operation Share (2012/2016)
Global Multi-Client Seismic Market by Value (2012-2016)
Global Multi-Client Seismic Market Forecast by Value (2017-2021)
Global Contract Seismic Market by Value (2012-2016)
Global Contract Seismic Market Forecast by Value (2017-2021)
Global Oil Prices (2012-2021E)
Global E&P Spending (2012-2021E)
Global OBS Market by Value (2012-2018E)
GDP Growth in the US (2012-2016)
Stacked Vessels as % of Total Seismic Fleet Globally (2014-2021E)
Global Multi-Client Prefunding Market by Value (2012-2016)
Multi-Client Allocation in % of Total Streamer Allocation Globally (2012-2016)
Global Seismic Market Player’s Revenue Comparison (2016)
Global Multi-Client Investment & Sales Comparison by Major Players (2016)
Global Seismic 3D Fleet Market Share (2016)
Global Seismic Active 3D Fleet Market Share (2016)
Global Contract Seismic Market Share (2014-2016)
CGG SA’s Revenue Share by Business Segments (2016)
CGG SA’s Revenue and Net Income (2012-2016)
PGS’s Revenue Share by Business Segments (2016)
PGS’s Revenue and Net Income (2013-2016)
TGS Revenue Share by Business Segment (2016)
TGS Revenue and Net Income (2012-2016)
Polarcus Ltd. Revenue Share by Business Units (2016)
Polarcus Ltd.’s Revenue and Net Profit (2012-2016)

List of Tables
Tendering Activity Outlook in Seismic Market (2016-2017)
OBS Market’s Contract Status (2016-2018E)
Global Contract Seismic Market Outlook (February 2017)
Seismic Vessels Operated by CGG SA (2016)
Overview of PGS’s Business Segments

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Seismic surveys are important for a lot of reasons, especially for the oil and gas sector primarily. The seismic surveys provide copious high quality statistical data for analyzing the presence of natural resources, gases, and crude oil in particular. Seismic surveys are generally carried out via acquisitions, where the risk is borne by the companies itself. An increase in the work of seismic survey helps in understanding the reservoirs and mapping movements along with the changes of the resource with time.

Seismic surveys are conducted in three phases in particular i.e. data acquisition, data processing and lastly data interpretation. The final step is undertaken for the interpretation of the data by geologists. Multi-client seismic market is the most popular market, where the seismic data is available to oil and gas companies at a mere cost, thereby helping them in cost cutting.

The global seismic market recorded steep decline after 2013, but this outlook would soon change and the market would see a positive side of itself by recovering from huge losses and debts. The market’s demand in the coming years would catch-up as a result of factors such as positive oil prices developments, increasing exploration spending, new tender activities picking up at various regions and positive economic growth.

The major trends of the market include vessel reactivation, sprouting contract seismic market outlook and high multi-client allocation. However, the market will be challenged by uncertainty of the oil market, and ageing skilled human resource. Also, the competition of the market will be largely dominated by top firms as the entry to the market is very difficult due to numerous barriers.

The research report, “Global Seismic Survey Market: Industry Analysis & Outlook: 2017-2021” provides an extensive research and detailed analysis of the market performance at present and future outlook of the global market.

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  • CGG SA
  • Petroleum Geo-Services (PGS)
  • Polarcus Ltd.
  • TGS
Note: Product cover images may vary from those shown
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