Growth Of Seismic Survey Market 2014 - 2020

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Seismic Survey Market - Global Industry
Analysis, Size, Share, Trends, Analysis,
Growth and Forecast 2014 - 2020
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REPORT DESCRIPTION
Increasing exploration activities owing to the efforts of oil and gas companies to locate new oil and gas reserves is
expected to drive the global seismic survey market during the forecast period. Oil and gas companies use seismic
surveys to map and interpret potential petroleum reserves.
Petroleum geologists and geophysicists estimate the size and location of the underground oil and gas reserves. Seismic
survey is the primary tool of exploration companies. A seismic survey is conducted by creating a shock wave on the
surface of the ground along a predetermined path using an energy source. Seismic waves are created using vibrating
plates and explosive. The waves are reflected back to the surface due to the density variation between the rocks. The
speed and strength of the waves indicate the geological features. Land, transition zone and marine are the primary
environments for seismic survey. The land environment covers almost every type of terrain such as desert, forest,
mountains and arctic.
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Transition zone is the area where the land meets the sea. The shallow water in the transition zone provides a challenge for
the seismic company as the large seismic vessel cannot enter the shallow water. Moreover, the water is too deep for using
conventional methods that are used for land surveying. Marine survey includes the deep water areas such as ocean and
seas. Land surveys tend to be large entities, requiring hundreds of tons of equipment and employing hundreds of people
to cover a vast area. In marine surveys, specially equipped vessels are used that tow one or more cables. These cables
are known as streamers and contain a series of hydrophones at regular interval. For a 2D survey, only 1 streamer is
required whereas for a 3D survey, 10 to 12 streamers are required.
The global seismic survey market can be segmented on the basis of technology into 2D survey, 3D survey and 4D survey.
In a 2D survey, both the sound source and the sound detectors are move along a straight line. In a 3D survey, the sound
detectors are spread out over an area and the sound source is moved from location to location throughout the area. In a
4D survey, the process of 3D survey is repeated at two or more time intervals. Mapping the fluid movement in oil and gas
reserves is the primary application of a 4D survey. The size and scale of seismic surveys have increased significantly in
the past three decades. The use of new and improved technology for interpretation has improved the accuracy of the
result. On the basis of application, the global seismic survey market can be segmented into land survey and marine
survey.
Increasing investments by oil and gas companies to meet the increasing energy demand is proving to be a boon for the
global seismic survey market. The exploration companies are keen to locate new oil and gas reserves as the current
reserves are depleting.
Some of the key companies in the global seismic survey market are SeaBird Exploration Group, Petroleum Geo-Services,
TerraSond, LoneStar Geophysical Surveys, Seismic Surveys, Inc., Dolphin Group ASA, Terraseis, MMA Offshore Limited,
Kuwait Oil Company, Polaris Seismic International, Spectrum ASA, Breckenridge Geophysical and BTW Company Ltd.
among others.
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Owing to the rising number of oil and gas exploration activities across the world to locate new gas and oil reserves, the demand for seismic survey technology is rising significantly from exploration companies, states Transparency Market Research (TMR) in a new report. The report is titled, “Seismic Survey Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth and Forecast 2014 – 2020.” The report is a comprehensive outline of the growth trajectory and the growth opportunities arising for market players. The report provides an in-depth analysis of the trends prevalent in the global seismic survey market along with the dynamics that are anticipated to positively or negatively impact the growth of the market. It further provides an insight into the companies operating in the market along with information on the degree of barriers to entry and exit. The study also assesses different types of technologies used by companies to produce seismic waves. It further highlights the strategies of the key companies along with their shares in the market. Get PDF Brochure for more Professional and Technical industry insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3943