Worldwide Reservoir Analysis Industry to 2026 - Increasing Investments in the Oil & Gas Sector Will Drive the Market
March 15, 2021 10:18 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The global reservoir analysis market is evaluated at US$7.737 billion for the year 2020 growing at a CAGR of 4.67% reaching the market size of US$10.174 billion by the year 2026. Reservoir analysis refers to the analysis of the rocks, pores and fluids inside a reservoir to optimise their production and recovery techniques. The methods and equipment used in the analysis develops subsurface data which helps in the analysis of the reservoir in order to increase the reliability of the reservoir. The market is majorly driven by the rapid increase in the complexities of the reservoir due to increasing depth and the also with rising use of horizontal wells as well. The analysis also helps in furt