Geosteering Services Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Geosteering services market is expected to grow at a CAGR of more than 3% over the period of 2020-2025. Factors such as an increase in the complexity of wellbore due to increased depth and use of multiple horizontal wells, increasing the number of rigs, and rising production of natural gas is expected to drive the market. However, the volatility of crude oil and natural gas is expected to restrain the market's growth.
Key HighlightsThe geosteering services market is moderately fragmented. Some of the key players in this market are Schlumberger Limited, Halliburton Company, Baker Hughes Company, Weatherford International PLC, National-Oilwell Varco, Inc.
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