Global oilfield services market is forecast to grow from $ 154 billion in
2018 to $ 198 billion by 2024, on account of rising oil & gas demand, increasing
investments in offshore exploration and production activities and growing consolidation
in the oil & gas industry. North America and Asia-Pacific are the major
demand generating regions for oilfield services, globally. Drilling services
segment holds the largest market share, owing to increasing lateral drilling in
the above mentioned regions. United States is witnessing high demand for
oilfield services including horizontal and directional drilling activities,
backed by presence of shale gas reserves. Over the coming years, several
countries such as Argentina, China, India and Mexico are planning to make
investments in their oil & gas sector, which is expected to boost the oilfield services market during the forecast period.
Years Considered for this Report:
Historical
Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
- The primary
objective of the study was to understand and gain insights about global
oilfield services market and its segmental analysis by application, by service,
by region and by company.
- To estimate,
calculate and forecast global oilfield services market size.
- To segment and
forecast global oilfield services market by application - Onshore and Offshore.
- To segment and
forecast global oilfield services market by services - Drilling services, Completion
services and Production services.
- To segment and
forecast global oilfield services market by drilling services -Casing/Tubing,
Cementing, Directional Drilling, Drilling & Completion Fluids, Land
Contract Drilling, LWD/MWD, Offshore Contract Drilling, OCTG, and Solids
Control & Waste Management.
- To segment and
forecast global oilfield services market by completion services - Coiled
Tubing, Completion Equipment & Related Services, Hydraulic Fracturing,
Rental & Fishing and Wireline Logging.
- To segment and
forecast global oilfield services market by production services - Artificial
Lift, Floating Production and Well Intervention.
- To categorize
and forecast global oilfield services market by regions - North America,
Europe, Middle East & Africa, Asia-Pacific and South America.
- To identify
major drivers & challenges for global oilfield services market.
- To identify
major trends in global oilfield services market.
- To profile major
companies operating in global oilfield services market.
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Some of the major players operating in oilfield services market globally are Schlumberger Limited, The
Halliburton Company, Baker Hughes, a GE Company, Weatherford International Plc,
National Oilwell Varco, Inc., Nabors Industries Ltd., Superior Energy Services,
Inc., Ensco plc, Precision Drilling Corporation, Technip FMC PLC, etc.
To analyze and forecast global oilfield services market, both top down
and bottom up approaches have been used. Multiple employees from the leading
companies have been interviewed through telephonic conversations to extract and
verify the information being collected at the source. A brief study of the
major players operating in oilfield services market globally was conducted, which included analysis of
information such as ongoing projects, followed by the details of expected year
of commissioning and estimated investments along with the expansion plans of
various projects across the world.
Moreover, detailed and in-depth scrutiny of information was done to understand
each policy or external or internal factor, which could increase or decrease
the demand for oilfield services, globally. To extract data, primary surveys
were conducted with key players and stakeholders in the industry. Various
secondary sources such as white papers and secondary
literature on BP Statistics, IEA, World Oil, UN Comtrade, International
Monetary Fund, World Bank, company websites and annual reports were also studied
by TechSci Research.
Key Target Audience:
- Oilfield service providers and other
stakeholders
- Exploration & Production companies
- Government bodies such as regulating
authorities and policymakers
- Organizations, forums and alliances related to
oilfield services
- Market research
and consulting firms
The study is essential in delivering useful information to industry
stakeholders such as companies operating in the global oilfield
services market. The report also provides
useful insights about which market segments should be targeted over the coming
years in order to strategize investments and capitalize on growth
opportunities.
Report Scope:
In this report, worldwide oilfield
services market has been
segmented into the following categories in addition to the industry trends
which have also been detailed below:
o Onshore
o Offshore
o Drilling Services
o Completion Services
o Production Services
- Market, by Drilling Services:
o Casing/Tubing
o Cementing
o Directional Drilling
o Drilling & Completion Services
o Land Contract Drilling
o LWD/MWD
o Offshore Contract Drilling
o OCTG
o Solids Control & Waste Management
- Market, by Completion Services:
o Coiled Tubing
o Completion Equipment & Related Services
o Hydraulic Fracturing
o Rental & Fishing
o Wireline Logging
- Market, by Production Services:
o Artificial Lift
o Floating Production
o Well Intervention
o North America
§ United States
§ Canada
§ Mexico
§ Rest of Region
o Europe
§ Russia
§ United Kingdom
§ Netherlands
§ Norway
§ Denmark
§ Rest of Region
o Middle East & Africa
§ Iran
§ Saudi Arabia
§ Kuwait
§ UAE
§ Qatar
§ Rest of Region
o Asia-Pacific
§ China
§ India
§ Indonesia
§ Malaysia
§ Thailand
§ Australia
§ Rest of Region
o South America
§ Brazil
§ Argentina
§ Colombia
§ Rest of Region
Competitive Landscape
Competition Benchmarking: Benchmarking of leading 10
players on the basis of services offered.
Company Profiles: Detailed analysis of the major companies operating
in the global oilfield services market.
Available Customizations:
With the given market data, TechSci Research offers customizations
according to a company’s specific needs. The following customization options
are available for the report:
Company Information
- Detailed
analysis and profiling of additional market players (up to five).
In case you
can’t find what you are looking for, then please get in touch with our custom
research team at sales@techsciresearch.com