- In November 2023, DUG revolutionized the energy sector by introducing seismic services, advanced software, and high-performance computing technologies. These innovations reduce project turnaround times, minimize subsurface characterization risks, and enhance decision-making processes in well placement, reservoir management, and exploration
- In June 2023, Halliburton Company launched the EarthStar X near-bit resistivity service, featuring an advanced mapping sensor. This technology detects geological changes in real time, allowing rapid trajectory adjustments to maximize asset value
- In May 2023, KONGSBERG and TGS announced a partnership to develop integrated data solutions tailored for the offshore wind industry, focusing on improving operational efficiency and promoting sustainability
- In May 2023, Halliburton adopted the Landmark DecisionSpace Geosciences software suite as its standard geoscience toolkit and selected OpenWorks as its corporate database for subsurface data interpretation
- In February 2023, Schlumberger completed the acquisition of Gyrodata, a leader in wellbore positioning technology, integrating its solutions into SLB’s Well Construction business to enhance innovative drilling capabilities
Frequently Asked Questions
The market is segmented based on Global Exploration and Production Software Market Segmentation, By Deployment Type (On-Premise Software and Cloud-Based Software), Operation Type (On-Shore and Off-Shore), Software Type (Risk Management Mapping, Seismic Amplitude Analysis, Portfolio Aggregation, Performance Tracking, Navigation System, Resource Valuation, Reservoir Characterization, Reservoir Simulation, Drilling, and Production) – Industry Trends and Forecast to 2032
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The Global Exploration And Production Software Market size was valued at USD 8.82 USD Billion in 2024.
The Global Exploration And Production Software Market is projected to grow at a CAGR of 13.2% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
