Global Seismic Survey Market: Industry Analysis & Outlook (2017-2021)

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Industry Research by Koncept Analytics
Global Seismic Survey Market Industry Analysis
Outlook----------------------------------------
- (2017-2021)
June 2017
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Executive Summary
Seismic wave research forms an important part of
the oil exploration and production industry.
These waves help in analyzing the ability to
understand and predict earthquakes and tsunamis.
Seismic waves also reveal information about the
Earth's composition and features, and are
therefore created artificially to locate oil,
natural gas and minerals. A seismic survey is
conducted by creating a shock wave i.e. a seismic
wave, on the surface using an energy source,
which are then recorded and analyzed by
geologists. Seismic surveys have become the
major tool of exploration for both onshore and
offshore. Seismic data is collected is mainly in
2D, 3D, and 4D forms. The global seismic market
saw a slump post 2013 due to which the market
suffered from heavy debts, decreased demand and
slashed exploration budgets. But the market has
now started to finally recover from the downturn
and is expected to register moderate growth in
the coming years. The global seismic survey
market growth will be driven by factors such as
positive development in oil prices, increasing
activity level both offshore onshore, and
strong regaining ocean seismic market. The global
market currently is trending with vessel
reactivation, sprouting contract seismic market,
and increased converted contracts demand.
However, the market will be challenged by ageing
skilled human resource and high barriers to
entry. The report offers an in-depth analysis of
the global seismic survey market. It also covers
multi-client and contract seismic market as well.
The top notch players in the market exhibit a
very close competition. The report profiles CGG
SA, Petroleum Geo-Services (PGS), TGS, and
Polarcus Ltd.
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With positive development of oil prices and
recovering EP market, seismic market is expected
to regain its traction.
Global Seismic Market by Value (2012-2016)

• The seismic market saw declining revenues
  reaching 50 of the total market in 2013. The
  market value was recorded at US.. billion in
  2016, declining at a negative CAGR of (..) for
  the period spanning 2012-2016.
• The net debt/EBITDA ratio is expected to fall and
  reach .. by 2021.
• The global seismic streamer count is expected to
  reach .. by 2021, increasing from .. in 2017. The
  volume is likely to grow at a CAGR of .. for the
  period spanning 2017-2021.

Global Seismic Vessels and Streamers Volume
Forecast (2017-2021)
Global Seismic Markets Net Debt/EBITDA
Forecast (2017-2021)
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The level of activity is picking up in the
seismic market as the demand will improve with
larger vessel reactivation.
Global Seismic Fleets Supply and Demand
Situation (2012-2016)

• In the year 2012, the overall size of the
  contract market demand was ..vessels, and
  declined to .. vessels in total in 2016.
• In year 2016, .. of the vessels were lined up in
  West Africa region, this percentage has fallen by
  .. from the year 2012.
• The multi-client seismic market value is expected
  to reach US.. billion by 2021, increasing from
  US.. billion in 2017. The market is likely to
  grow at a CAGR of .. for the period spanning
  2017-2021.

Global Seismic Vessels Regional Operation Share
(2012/2016)
Global Multi-Client Seismic Market Forecast by
Value (2017-2021)
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