Report Description

Global Oilfield Services Market By Application (Onshore Vs. Offshore), By Service Type (Drilling Services, Completion Services & Production Services), By Region, Competition, Forecast & Opportunities, 2014 - 2024

  • Publish Date:December, 2018
  • Format : PDF
  • Pages : 167
  • Industry : Oil and Gas

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:

  • Market, by Application:

o    Onshore

o    Offshore

  • Market, by Service:

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

  • Market, by Region:

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

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