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Published on : Jan 04, 2017

ALBANY, NY, Jan 04, 2017: The research report presents a complete and unbiased overview of this market, considering the key market trends, driving forces, opportunities, challenges, and future prospects.

As per this study, the worldwide market for offshore oil and gas seismic equipment and acquisitions is estimated to rise at a CAGR of 7.74% over the period from 2016 to 2020, thanks to the significant growth in the global oil industry. The increase in the crude oil prices is also projected to boost this market substantially during the forecast period.

The research report offers a comprehensive analysis of the global market for offshore oil and gas seismic equipment and acquisitions on the basis of the type and service and the geographical spread of this market. Based on the type and service, the market has been classified into 2D, 3D, and 4D seismic survey. Currently, the 2D seismic survey segment has acquired the leading position in this market. However, due to the significant advancement in technology, the demand for 3D and 4D surveys is likely to augment tremendously in the near future, states the market report. 

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In terms of geography, the global market for offshore oil and gas seismic equipment and acquisitions has been segmented into Asia Pacific (APAC), the Americas, and Europe and the Middle East and Africa (EMEA) in this study. The Americas, which is the current market leader, will retain its position over the forecast period, thanks to the early adoption of technology, rising production of shale gas, and the commercialization of the hydraulic fracturing technology. The U.S. is expected to emerge as the leading market for offshore oil and gas seismic equipment and acquisitions in the Americas, notes the research study.

The research report has also studied the competitive landscape of the global market for offshore oil and gas seismic equipment and acquisitions. As per the market study, large multinational players, such as PGS, SeaBird Exploration, PLCS, Schlumberger WesternGeco, and CGG have been leading this market.

Other significant players in this market are TerraSond, Agile Seismic, BTW, Breckenridge Geophysical, Bulroc (UK), Canesis Data, Canadian Seabed Research, Daqing-Denver, dGB Earth Sciences, Dawson Geophysical, DSPGeo, FairfieldNodal, Energold Drilling, GEODATA, Geophysical Insights, GeoEnergy, GeoTomo, GRISYS Seismic Data Processing, Grant Geophysical, Lynx Information Systems, MMA Offshore, Mitcham Industries, Nelvik Norsk Hydro, Parallel Geoscience, OpendTect, Polaris Seismic, Searcher Seismic, Pulse Seismic, Seismic Equipment Solutions, Terraseis, Spectrum, and Voxel Terra Vision (VTV), states the research report.

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