Geosteering Market Is Gaining Rapid Traction With Halliburton Company Launching First 3D Logging-While-Drilling (LWD) Capability
Geosteering, otherwise known as land surveying, is the optimization of site selection based on precise measurements of underground restructures and real-time data from survey instruments. A wide range of engineering applications can be optimized with accurate site selection for specific purposes such as resource management, site stabilization, site planning, site engineering design, site investigation, environmental remediation, and engineering infrastructure development. Geosteering has been used for more than 100 years to survey and plan natural resources. The demand for oil and gas has remained on the upper side worldwide, which has prompted more and more drilling activities in subsea and offshore. Geosteering is a key process in oil & gas drilling activities, which maximizes the efficiency of oil and gas drilling operations through the use of groundbreaking drill bits and the application of specific technologies. Recently, in December 2020, ExxonMobil Corporation an...