Formation Evaluation Services in the US - Procurement Research Report

Formation Evaluation Services Procurement in the US

This report is intended to help buyers of formation evaluation services, also known as well logging. Formation evaluation is the process of collecting geologic data from a borehole using downhole measurements that are transmitted to the surface for physical samples. This data can be gathered at any phase of a borehole’s life, including during drilling (i.e. logging while drilling). Formation evaluation is used to determine the contents and composition of the earth adjacent to a borehole at various depths. Its main application is in oil and gas extraction, where it is used to guide reservoir development and production planning. As such, typical buyers include oil and gas well operators and vendors of these services are typically oil and gas field service providers.