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:
- 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
o West
o North
o South
o East
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).
In case of you can’t find what you are looking for, then please get in
touch with our custom research team at sales@techsciresearch.com