The wireline market includes all methods, processes, and cabling technologies that lower equipment into oil well holes or natural gas reservoirs. This equipment is affixed to a cable rigged to drilling platforms or trucks.
For example, a wireline company might be able to shoot more guns per frac stage on a job, saving the pressure-pumping crews time and money. It protects the operator millions on a frac job alone.
Safety
Renegade Wireline Services can help reduce downhole issues and improve the efficiency of a well. They can also lower costs by reducing maintenance and non-operational rig downtime. Additionally, the technology is safer than traditional methods.
The increased investment in oilfield projects has boosted the demand for wireline services. These services are essential for pipe recovery, intervention, reservoir evaluation, and other activities.
A leading solution is a digital slackline, which uses standard slackline surface equipment with an integrated communication system that provides real-time data acquisition and allows for a reduction in the equipment footprint at a good site. This approach is especially beneficial for well-site locations with limited deck space and can save operators millions of dollars.
Another example of a cost-efficient strategy is frac sleeve solutions that enable a higher gun count per fracking stage and minimizes the number of trips downhole. This results in savings on the frac job itself, as the pressure pumping crews do not need to wait around for the wireline company to return to pick up equipment after each shot.
Efficiency
The global wireline services market is expected to grow due to many factors, including rising exploration, production, and completion activities. In addition, the increasing need for reliable data and improved productivity are also driving the market’s growth.
Another factor driving the market’s growth is the high reliability of wireline technology. It is because the data generated by wireline can be retrieved quickly and efficiently. It helps in making timely decisions during operations.
Wireline companies offer cost advantages to operators of oil and gas wells. For example, wireline companies can shoot more guns per stage on frac jobs and save money for pressure-pumping crews who operate hydraulic fracturing equipment. Moreover, the lower cost of wireline reduces overall project costs.
Cost
The oil & gas industry continuously focuses on increasing operational performance. It is helping drive the demand for technologies and services, such as wirelines that provide real-time information on wells.
A wireline is a substantial, thin cable fixed on a powered reel. Typical applications affix a “logging tool” to the line, which is then lowered into oil wells and natural gas reservoirs to collect and transfer data.
In addition to good intervention, pipe recovery, and reservoir evaluation functions, wireline services also perform workover jobs. These include running gamma, nuclear, sonic, and resistivity logs, cement bond logs, and others to obtain data related to the nearby formation. This data helps in making immediate decisions that affect drilling operations. The data also provides a detailed description of subsurface geological and reservoir properties.
Environmental Impact
The oil and gas industry uses wireline services to measure various formation properties within drilled wells. This data helps geologists, and drillers make real-time decisions about the reservoir and drilling operations.
The well-logging segment accounts for the majority of the wireline services market. It includes running gamma, nuclear, sonic, and resistivity logs, which provide information about the near-wellbore formation.
Oil and gas operations cause a wide variety of environmental impacts, including spills that smother marine life, air pollution from heavy equipment and chemicals, the use of fracking techniques that pollute water resources with benzene, hydrogen sulfide, and other volatile organic compounds, and the creation of waste pits that threaten local ecosystems. These impacts disproportionately affect black, brown, and indigenous communities in particular.
Reliability
Wireline services involve lowering measuring devices or equipment into wells for reservoir evaluation and sound intervention. These tools help identify downhole issues, detect bypassed production, and provide valuable real-time data to make decisions that maximize the recovery of oil reserves.
Logging operations performed on a wireline typically include running gamma, nuclear, sonic, and resistivity logs to find information about the formation around the excellent bore. It is vital for determining the quality of the cement and the water content in the well.
In addition to logging, wireline services can perform workover or intervention operations such as liquid or fill tag, perforation, and firing of perforator tools. It can result in greater productivity and reduced costs due to lower maintenance and non-operational rig downtime.