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Seismic Survey Market

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The research report on seismic survey market segments the global market by technology type (2D Seismic Survey, 3D Seismic Survey, 4D Seismic Survey, and Others), and by application (Oil and Gas, Construction, Mining, and Others) - Global Industry In
Seismic Survey Market - Global Industry Insights, Trends,
Outlook and Opportunity Analysis, 2018-2026
Seismic survey is a method used to investigate geological properties of earth
and is majorly used to explore natural gas, petroleum, and mineral deposits.
Data acquisition, processing, and interpretation are the three phases of seismic
survey. This technique determines the time interval between the initiation of
waves at a shot point and the arrival of reflected or refracted waves by the
seismic detectors. Various techniques including air guns, dynamite blast, and
seismic vibrator among others are used for initiation of seismic waves.
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Market Dynamics:
Increasing demand for oil and gas is a major driving factor for growth of the
global seismic survey.
According to the U.S. Energy Information
Administration, fossil fuels is estimated to account for 77% of the global energy
use by 2040. Advantages of seismic survey such as reduction of probability of
drilling dry wells thereby, preventing further drilling and minimizing
environmental effects of oil and gas exploration is propelling growth of global
seismic survey market. Advancements in technology in seismic survey is
expected to fuel growth of the global seismic survey market over the forecast
period (2018–2025).
Government regulations on seismic survey such as 2013 European Union
regulations 2013 SI 134 that assess the environmental impact of petroleum
exploration is a major factor restraining growth of the global seismic survey
market.
Key Players
Key players operating in the seismic survey market are Breckenridge
Geophysical, LLC, BTW Company Ltd., Dolphin Group ASA, Polaris Seismic
International Ltd., Spectrum ASA, Terraseis Ltd., MMA Offshore Limited,
Kuwait Oil Company, Seismic Surveys, Inc., and LoneStar Geophysical
Surveys LLC.
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pallavi.reddy
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