In 2011-2014, Russia's seismic survey market demonstrated steady growth. Plummeting oil prices forced subsoil users to review their geological exploration programs for 2015, bringing about a substantial decrease of the seismic survey market. The overall scope of work in the 2D segment was reduced by 36 percent, the 3D segment shrank by 18 percent, and the average level of seismic teams’ workload plunged from 70-80 percent in 2014 to 50-60 percent in 2015. 

These events have triggered stronger competition among contractors despite the substantial market consolidation. The growing competition made it possible for customers to demand from contractors to retain the ruble prices they had charged before the economic crisis. The average level of price decrease in dollar denomination totaled 25-35 percent. 

The high level of competition in the market will stimulate implementation of new methodologies and more advanced equipment, however, its high prices limit the number of contractors possessing sufficient resource capabilities. 

Starting in 2016, the seismic survey market will begin to stabilize. The key driver will be the necessity to conduct seismic survey in Eastern Siberia and offshore in order to fulfill license agreements. 

Domestic subsoil users are gradually shifting away from 2D seismic toward 3D since it provides more information. This could push big contractors to leave the market over time as local companies fill the emerging smaller regional niches. 

“Russian Seismic Survey Market” analytical report aims to provide expert support for making strategic and operational decisions to a wide range of market players, relying on the following key elements of our research:

• Appraisal of key factors and development trends, including both general trends in the Russian oil and gas industry, and specific trends in the seismic survey market and its different segments

• Forecast of the seismic survey market size up to 2025, including breakdowns by major segments (2D, 3D and 4D seismic) and key oil and gas regions

• Analysis of advanced technology solutions

• Analysis of customers and competition among contractors, including assessment of their manufacturing capabilities and scope of work

The report provides the basis for assessing the potential of the entire spectrum of seismic-related equipment and services segments. 

3.1. Oil and gas condensate production in Russia in 2005-2015 by companies

3.2. Oil and gas condensate production in Russia in 2006-2015 by producing regions

3.3. Forecast of annual oil production in Russia through 2016-2025

4.1. Methodology for Calculation of Oilfield Services Market Volume

4.2. Volume of Oilfield Services Market in 2005-2015 

4.3. Estimated Volume of Oilfield Services Market for 2016-2025 

5.1 Key features of the current seismic survey market 

5.2. Market volume and development drivers

5.3. Market volume: current state and development forecast up to 2025

6.1 Rosneft

6.2 LUKOIL 

6.3 Gazprom

6.4 Surgutneftegaz 

6.5 NOVATEK

6.6 Tatneft

6.7 Bashneft

6.8 Slavneft 

6.9 RussNeft

7.1 Consolidation of market players

7.2 Survey companies labor and equipment

7.3 Company profiles

7.3.1 IG Seismic Services 

7.3.2 Rosgeologiya

7.3.3 TNG-Group

7.3.4 Bashneftegeofizika

7.3.5 OAO Marine Arctic Geological Expedition

7.3.6 OAO Yakutskgeofizika

Diagram 3.1. Annual oil and gas condensate production dynamics in Russia in 2005-2015 by companies, thousand tons

Diagram 3.2. Annual oil and gas condensate production dynamics in Russia in 2006-2015 by oil and gas provinces, million tons 

Diagram 3.3. Forecast of annual oil and gas condensate production dynamics in Russia in 2016-2025, by oil and gas provinces, million tons 

Diagram 4.1. Total annual volumes of the Russian oilfield services market in 2005-2015, RUB million

Diagram 4.2. Specific shares of certain segments of the Russian oilfield services market in 2005-2015, % of the total market volume in money terms

Diagram 4.3. Specific shares of certain segments of the Russian oilfield services market in 2015, RUB million, % of the total market volume in money terms

Diagram 4.4. Contribution of certain segments into total volume of the Russian oilfield services market in 2015, RUB million. 

Diagram 4.5. Forecast of total annual volumes of the Russian oilfield services market for 2016-2025, RUB billion 

Diagram 4.6. Estimated volumes of certain segments of oilfield services market and their specific shares in 2025, RUB billion, %

Diagram 5-1. Scope of seismic survey in the Russian Federation in 2005-2015, km for 2D, sq. km for 3D

Diagram 5-2. Scope of seismic survey in the Russian Federation in 2005-2015, USD million 

Diagram 5-3. Cost fluctuations per km for 2D and per sq. km for 3D in 2005-2015, US$ 

Diagram 5-4. Forecasted scope of seismic survey in Russia in 2014-2025 in natural terms, km for 2D, sq. km for 3D

Diagram 5-5. Forecasted scope of seismic survey in Russia in 2014-2025 in money terms, km for 2D, sq. km for 3D

Diagram 5-6. Shares of the regions in the total scope of seismic survey in the Russian Federation, 2015. 

Diagram 6-1. Scope of seismic surveys in the Russian Federation in 2009-2015, 2D km, 3D sq.km 

Diagram 6-2. Scope of seismic surveys in the Russian Federation in 2009-2015, 2D km, 3D sq.km 

Diagram 6-3. Scope of seismic surveys in the Russian Federation in 2009-2015, 2D km, 3D sq.km 

Diagram 6-4. Scope of seismic surveys in the Russian Federation in 2009-2015., 2D km, 3D sq.km 

Diagram 6-5. Scope of seismic surveys in the Russian Federation in 2009-2015, 2D km, 3D sq.km 

Diagram 6-6. Scope of seismic surveys in the Russian Federation in 2012-2015., 2D km, 3D sq.km 

Diagram 6-7. Scope of seismic surveys in the Russian Federation in 2012-2015., 2D km, 3D sq.km  
Diagram 6-8. Scope of seismic surveys in the Russian Federation in 2009-2015., 2D km, 3D sq.km  
Diagram 7-1. Share of contractor companies in the total scope of seismic surveys in the Russian Federation, in monetary terms, 2015  
Diagram 7-2.Consolidation seismic survey assets of Geotech Holding and IG Seismic Services 
Diagram 7-3.Changes in the corporate structure of IG Seismic Services, ltd 
Diagram 7-4.Company project portfolio, by regions, in monetary terms, 2014-2016.,% 
Diagram 7-5.Holding company’s portfolio as per each participant, in monetary terms, 2014-2015.,% 
Diagram 7-6.Scope of seismic surveys of OAO Samaraneftegeofizika in 2009-2015, 2D km, 3D sq.km  
Diagram 7-7.Scope of seismic surveys performed by OAO Volgogradneftegeofizika in 2009-2015, 2D km, SD sq.km  
Diagram 7-8.TNG Group geological and geophysical enterprises 
Diagram 7-9.Regional subdivisions of OAO Bashneftegeofizika geological exploration division  
Diagram 7-10. Scope of seismic surveys of OAO Yakutskgeofizika in 2009-2016, 2D km, sq.km 

Table 7-1.Operation results of IG Seismic Services, 2009-2015 

Table 7-2. OAO Permneftegeofizika operational results in 2009-2015

Table 7-3. OOO TNG-Group operations

Table 7-4. Bashneftegeofizika operations in 2010-2015

Table 7-5. OAO MAGE performance results in 2014-2015