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North America: The Largest #Market For Reservoir Analysis in #2017

The market in North America is currently the largest market of the reservoir analysis market, closely followed by Asia-Pacific. Technological advancements in drilling, such as long-reach horizontal well bores and completion techniques, such as multi-stage hydraulic fracturing, have led to an increase in E&P from unconventional resources and is driving the reservoir analysis market in this region.

The market in the U.S. dominates the North American market, followed by Canada and Mexico. The market in the U.S. surpassed the markets in Russia and Saudi Arabia, and became the world’s top producer of petroleum and natural gas hydrocarbons in 2015.

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