The Advanced Oil & Gas Exploration Technologies Market 2011-2021

Feb. 3, 2012 - PRLog -- The report quantifies the market in terms of global size and breaks the market down into sub-markets and seven regional markets, with forecasts and analysis provided for each market from 2011-2021. The report also examines the major drivers and restraints influencing the market over the next decade and explains the major technologies utilised, analysing which regions will drive growth for each technology. Our research shows that global spending in 2011 on advanced oil & gas exploration technologies will total $10.17bn. Oil and gas exploration was once a painstaking, inefficient and time consuming activity. Prospectors looked for surface seepages from underground reserves, which occur only over a small proportion of deposits.

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Today, technological innovation allows more efficient management of fields and better evaluation of exploration prospects, reducing the need to drill numerous exploratory wells thus saving money and minimising environmental damage. A combination of high oil prices, improved extraction technologies, increasing global energy demands, and supply concerns including; declining production, depleting production fields, maturing reservoirs and increasingly more difficult frontier exploration that is deeper, more complex and more remote - is creating new opportunities for growth in the advanced oil & gas exploration technologies market. As the need to find new oil and gas deposits increases, the exploration industry will be relentlessly driven toward the use of more advanced surveying methods, including seismic 2D, 3D and 4D imaging, Controlled Source Electromagnetics (CSEM) and Remote Sensing techniques.

Though the industry will be faced with the restraints of proving the effectiveness of some of the new technologies on a commercial scale, overcoming environmental concerns, and confronting a weak global economy, the advanced oil & gas exploration technologies market is likely to provide substantial opportunities for potential investors. This report offers an examination of the advanced exploration technologies market over the next decade, providing detailed market forecasts for each of the regional markets and offering in-depth analysis of the opportunities and challenges facing companies in the advanced oil & gas exploration technologies market throughout the world. The report also describes the most important technological changes within the advanced oil & gas technologies industry and assesses their importance for the growth of the market over the long-term.

The various drivers and restraints of the market are evaluated in order to provide readers with specific insights into the future direction of the exploration technologies market. How much is forecast to be spent in the leading regional advanced oil & gas exploration technologies markets in 2011? Who are the leading companies in the advanced oil & gas exploration technologies industry? Where are the growth opportunities over the next decade - in which countries and with which type of technology? These critical questions and many more are definitively answered in this comprehensive report.


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