Press Release

Iran Oilfield Services Market to Grow at 11.6% CAGR until 2022

According to TechSci Research report “Iran Oilfield Services Market By Application, By Type, Competition Forecast & Opportunities, 2012 – 2022, oilfield services market in Iran is forecast to grow at a CAGR of 11.6% during 2017-2022. Growth in the market is anticipated on account of removal of sanctions, which is expected to result in boosting adoption of foreign technology, low-cost of production per barrel in Iran compared to western countries and allotment of new offshore oil & gas fields under new Iran Petroleum Contract. Moreover, the government aims to attract investments worth $ 185 billion into oil & gas sector from foreign investors during 2016-2020, which is expected to result in growth opportunities for oilfield service providers in the country during forecast period.  

Browse 15 Tables and 41 Figures spread through 135 Pages and an in-depth TOC on  "Iran Oilfield Services Market"

On the basis of application, Iran oilfield services market has been broadly segmented into two categories, namely, offshore and onshore. Among these categories, onshore oilfield services held the largest market share in 2016, and the segment is expected to maintain its market dominance over the coming years as well, due to increasing investment opportunities in onshore oilfield services, especially in Khuzestan (Masjid Suleiman, West Karoon, Aghajari and Marun). However, during the forecast period, production from most of the oil & gas fields in offshore regions is anticipated to increase, thereby making offshore oilfield services the fastest growing application segment of Iran oilfield services in the future.       

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“With the uplifting of sanctions in the mid of January 2016, Iran is undergoing a major positive transformation, which is leading to developmental activities being undertaken in oil & gas sector. Access to global market for crude oil exports, competition between local and foreign players and increasing investments in exploration & production activities are anticipated to fuel growth in the oilfield services market in Iran during the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Iran Oilfield Services Market By Application, By Type, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of Iran oilfield services market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Iran oilfield services market.About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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