Iraq Wireline Logging & Well Testing Services Market (2019-2024): Growth, Trends and Forecasts

Iraq accounts for approximately 8.8% and 1.8% of the world’s proven oil and gas reserves respectively, as of 2017. In 2018, Iraq’s production capacity exceeded the 4.6 mbpd mark. In 2017, the Ministry of Oil in Iraq had set a goal to reach a production capacity of 6.5 million barrel per day, by 2022. According to the International Energy Agency (IEA), Iraq is expected to provide 45% of global production growth and become the second largest exporter of oil in the world by 2035. To achieve the target, the government of Iraq has not only increased the investments from the state-run companies but also has successfully attracted the investments from the national oil companies. With these growing investments in the development of oil and gas blocks, the demand for the well-testing and the wireline logging services is expected to increase significantly during the forecast period (2019-2024), in turn, driving the market in the country.

Factors, such as targets to increase oil production, and upcoming exploration and drilling activities in Iraq are expected to increase the demand for wireline logging and well-testing services market during the forecast period.

Increasing the Oil Recovery from Existing Reserves - Creating Opportunities in the Market

The southern, western, and central region are relatively more isolated from the effects of terrorist activities and political tension in the country. These regions also have about 80% of the oil reserves in the country, which is mostly in the production phase. However, the oil recovery from these regions is limited, as the oil and gas industry in the country has been mainly reliant on the water injection methods to improve the oil production from these fields. Iraq has limited water availability, which puts limitations on oil recovery by water injection. Focus on other improved oil recovery techniques, such as artificial lift, gas injection, and other recovery methods can help the country in increasing oil production substantially. Such improved oil recovery techniques can help drive the upstream activity in the country, in turn, providing the opportunity for the market for oilfields services, such as wireline logging and well testing.

Key Developments in the Market

• January 2019: Halliburton Inc. won a contract of worth around USD 19 billion to drill four to six rigs over the next two years. The project is being developed by a joint venture between Missan Oil Company, Kogas, Occidental Oil & Gas International, and Eni Group. The scope of service includes the delivery of integrated drilling services for Zubair Oil Field in Iraq’s Basra governate. The project consists of degassing stations, the drilling of 60 wells, wire-line logging, revamping existing production facilities, and acidifying and well-testing work.


• June 2018, China-based Geo-Jade Petroleum signed two contracts with the government of Iraq to develop Naft Khana block in the country. In the same month, another China-based company, United Energy Group signed a contract to develop the al-Sindibad block.


• August 2018: The state-run companies, Dhi Qar Oil and Iraq Drilling, announced their plan to invest USD 140 million to the output of the Nassiri field from 90,000 barrels per day to 200,000 barrels per day by the end of 2019.

Major Players:

Schlumberger Limited, Halliburton Company, Baker Hughes A GE Company, Weatherford International Plc, The Engineering and Development Group (EDGO), amongst others.

Reasons to Purchase this Report

• Identify the drivers, restraints, and opportunity in the Iraq Wireline Logging & Well Testing Services market, with an in-depth analysis


• Analyze the various perspectives of the market with the help of Porter’s five forces analysis


• Identify the latest developments, and strategies adopted by the major market players


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