India oilfield services market stood at around $ 1.35 billion in 2017 and is forecast to grow at a CAGR of over 7% to surpass $ 2.84 billion by 2027. Growth in the market is anticipated on account of growing demand for oil & gas, rising on-site demand and evolving technologies being used in oilfields. West and East regions are expected to witness a faster growth due to the presence of larger oil fields and allocation of new blocks in both offshore and onshore sites. Moreover, rising foreign investments in Indian oil & gas sector and rising adoption of advanced technology is further expected to propel growth in India oilfield services market through 2027.

Years Considered for this Report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2027

Objective of the Study:

• The primary objective of the study was to understand and gain insights about the India oilfield services market and its segmental analysis By Application, By Services, By Region and By Company.
• To estimate, calculate and forecast market size for India oilfield services market.
• To categorize and forecast India oilfield services market by application - Onshore and Offshore.
• To segment and forecast India oilfield services market by services such as Drilling Services, Mud Engineering, Wireline Services, Pressure Pumping Services, Cementing Services, Oil Country Tubular Goods Services, Well Intervention Services, Mud Logging, Coiled Tubing Services Market, Completion Equipment & Services, and Drilling Waste Management Services.
• To categorize and forecast India oilfield services market by regions - North, East, West and South regions.
• To categorize and forecast India oilfield services market by Company - Schlumberger, Halliburton, Baker Hughes, Essar Oil Field Services Limited, HLS Asia and Others.
• To identify major drivers & challenges for oilfield services market in India.
• To identify major trends in India oilfield services market.
• To profile major companies operating in India oilfield services market.

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Some of the major players operating in India oilfield services market include Schlumberger Limited, Halliburton Oilfield Services India Limited, Baker Hughes, a GE Company, ESSAR OILFIELD SERVICES INDIA LIMITED, HLS Asia Limited, Reliance Industries Limited, Royal Dutch Shell, Cairn India Limited, Weatherford International plc and ASIAN OILFIELD SERVICES LIMITED.

To analyze and forecast the India oilfield services market, both top-down and bottom-up approaches have been used. Multiple employees from the following 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 India oilfield services market 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 in the country. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factors, which could increase or decrease the demand for oilfield services in India.

To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned were identified. Various secondary sources such as white papers and secondary literature on Petroleum Planning & Analysis Cell; BP Statistics 2017; Ministry of Petroleum and Natural Gas, India; OPEC Annual Statistical Bulletin 2017; company websites & annual reports; etc. were also studied by TechSci Research.

Key Target Audience:

• Oilfield service providers
• National oil companies and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Associations, organizations, forums and alliances related to oilfield services market
• Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as oilfield service providers, national oil companies, etc.. 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, the India 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:
• Onshore
• Offshore
• Market, By Services:
• Drilling Services
• Mud Engineering
• Wireline Services
• Pressure Pumping Services
• Cementing Services
• Oil Country Tubular Goods Services
• Well Intervention Services
• Mud Logging
• Coiled Tubing Services
• Completion Equipment & Services
• Drilling Waste Management Services

•          Market, By Region:

o    West

o    North

o    South

o    East

•          Market, By Company:

o    Schlumberger Limited

o    Halliburton Oilfield Services India Limited

o    Baker Hughes, a GE Company

o    ESSAR OILFIELD SERVICES INDIA LIMITED

o    HLS Asia Limited

o    Others

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in India 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).