The Seismic Services Market size is estimated at USD 5.61 billion in 2024, and is expected to reach USD 6.54 billion by 2029, growing at a CAGR of 3.10% during the forecast period (2024-2029).
The seismic services market is highly concentrated. Some of the major companies include (not in a particular order ) Schlumberger NV, CGG SA, PGS ASA, TGS ASA, and Halliburton Company, among others.
In August 2022, Schlumberger and Microsoft have signed a multi-year agreement to pool joint expertise and build open and extensible cloud-native data products for the energy industry. The next phase will use the openness and agility of the OSDU Data Platform to develop the first cloud-native seismic processing solution – DELFI Seismic Processing. By leveraging the OSDU Data Platform, the partners are providing a cost-effective foundation for developing innovative applications and workflows to address current seismic needs. Third-party developers will build and augment seismic processing solutions, either for their internal use or to offer to the market.
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