The global oil & gas perforatory services market is anticipated to grow at a rate of steady CAGR in the forecast period, 2023-2027. Increased shale gas exploration, high oil & gas production, and growing complexity of reservoir conditions are the primary factors driving the growth of the global oil & gas perforatory services market in the forecast period.

Perforation can be defined as creating path flow between the reservoir and the wellbore, which allows the reservoir fluid to face minimum pressure loss and effectively flow into the well. Various factors influencing the perforation process are completion fluid, the mineral content of rock metric, reservoir fluid, size and grade of the casing, and others. Perforation method is done carefully to control the damage to the surroundings as too much damage can create excess debris, and if not done appropriately, it can limit the productivity.

Increased Shale Gas Production & Exploration Is Expected to Drive Market Growth Through 2027

According to BP statistical review of world energy 2021, the global oil production in 2020 was 88391 thousand barrels per day to meet the growing energy requirements. Rise in deepwater and ultra-deepwater exploration activities due to high demand for oil & prominent end-user industries and rapid economic growth of developing countries are expected to boost the demand for global oil & gas perforatory services market. Hydrocarbons are used in transportation, manufacturing goods, power generation, and other purposes, and the need to explore untapped hydrocarbon reserves is bolstering demand for oil & gas drilling operations. Improvement in the supply and distribution infrastructure, reduction in natural gas prices, and advancements in the drilling technology are expected to positively impact the global oil & gas perforatory services market in the forecast period. The United States is a promising market due to high investments in oil and the upstream sector and well-developed technical infrastructure.

Advancements In Perforation Technology Is Expected to Boost Market Growth

The perforation process is used to establish a link between reservoir and wellbore in cased wells and therefore plays a vital role in improving the well productivity and recovery. High-end investment in research and development activities for up-gradation of stress-rock testing of charging system and finding innovative solutions to minimize damage and boost production is expected to create lucrative opportunities for the global oil & gas perforatory services market in the forecast period. The incorporation of reactive materials from oilfield-shaped charges, improvements in analytical methods, and the use of 3D digital imaging technology are expected to fuel the demand for the global oil & gas perforatory services market in the forecast period.

Growing Renewable Energy Sector is Expected to Hinder the Market Growth

Leading authorities are making efforts to develop the renewable energy sector to reduce the carbon footprint and optimize the adverse impact on the environment, which has expected to restrain the use of conventional energy sources as renewable energy sources are more affordable and efficient. In the renewable energy sector, investments in the renewable energy sector are expected to restrain oil & gas production in the next five years. 


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Market Segmentation

The global oil & gas perforatory services market is segmented based on service, perforation type, well type, regional distribution, and company. Based on the service, the market is divided into laboratory services, perforatory design, shaped charges, gun systems, conveyance services. Based on the perforation type, the market is divided into round hole, square hole, and slot hole. Based on the well type, the market is divided into horizontal well and vertical well. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, Asia-Pacific region, European region, South American region, and Middle East & African region.

Market Players

Schlumberger Limited, Baker Hughes, Halliburton Company, Weatherford International, WellMax Oilfield Technologies, GeoDynamics, Liberty Oilfield Services LLC, HLS Asia Limited are among the major market players in the global platform that lead the market growth of the Global oil & gas perforatory services market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Service

·         Perforation Type

·         Well Type

Regional scope

North America; Asia Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Denmark; Brazil; Argentina; Colombia; Poland; Denmark; Saudi Arabia; South Africa; UAE; Iraq; Turkey

Key companies profiled

Schlumberger Limited, Baker Hughes, Halliburton Company, Weatherford International, WellMax Oilfield Technologies, GeoDynamics, Liberty Oilfield Services LLC, HLS Asia Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global oil & gas perforatory services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Oil & Gas Perforatory Services Market, By Service:
    • Laboratory Services
    • Perforatory Design
    • Shaped Charges
    • Gun Systems
    • Conveyance Services
  • Oil & Gas Perforatory Services Market, By Perforation Type:
    • Round Hole
    • Square Hole
    • Slot Hole
  • Oil & Gas Perforatory Services Market, By Well Type:
    • Horizontal Well
    • Vertical Well
  • Oil & Gas Perforatory Services Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • Poland
      • Denmark
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Peru
      • Chile
    • Middle East & Africa

§  Saudi Arabia

§  South Africa

§  UAE

§  Iraq

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global oil & gas perforatory 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 don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Oil & Gas Perforatory Services Market

4.    Executive Summary

5.    Voice of Customer

5.1.1.     Brand Awareness

5.1.2.     Factors Considered while Selecting a Supplier

5.1.3.     Satisfaction Level

5.1.4.     Major Challenges Faced

6.    Global Oil & Gas Perforatory Services Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Service (Laboratory Services, Perforatory Design, Shaped Charges, Gun Systems, Conveyance Services)

6.2.2.     By Perforation Type (Round Hole, Square Hole, Slot Hole)

6.2.3.     By Well Type (Horizontal Well, Vertical Well)

6.2.4.     By Region

6.2.5.     By Company

6.3.  Product Market Map

7.    North America Oil & Gas Perforatory Services Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Service

7.2.2.     By Perforation Type

7.2.3.     By Well Type

7.2.4.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Oil & Gas Perforatory Services Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value 

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Service

7.3.1.2.2.             By Perforation Type

7.3.1.2.3.             By Well Type

7.3.2.     Canada Oil & Gas Perforatory Services Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value 

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Service

7.3.2.2.2.             By Perforation Type

7.3.2.2.3.             By Well Type

7.3.3.     Mexico Oil & Gas Perforatory Services Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value 

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Service

7.3.3.2.2.             By Perforation Type

7.3.3.2.3.             By Well Type

8.    Asia-Pacific Oil & Gas Perforatory Services Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Service

8.2.2.     By Perforation Type

8.2.3.     By Well Type

8.2.4.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Oil & Gas Perforatory Services Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value 

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Service

8.3.1.2.2.             By Perforation Type

8.3.1.2.3.             By Well Type

8.3.2.     India Oil & Gas Perforatory Services Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value 

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Service

8.3.2.2.2.             By Perforation Type

8.3.2.2.3.             By Well Type

8.3.3.     Japan Oil & Gas Perforatory Services Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value 

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Service

8.3.3.2.2.             By Perforation Type

8.3.3.2.3.             By Well Type

8.3.4.     South Korea Oil & Gas Perforatory Services Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value 

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Service

8.3.4.2.2.             By Perforation Type

8.3.4.2.3.             By Well Type

8.3.5.     Australia Oil & Gas Perforatory Services Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value 

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Service

8.3.5.2.2.             By Perforation Type

8.3.5.2.3.             By Well Type

8.3.6.     Singapore Oil & Gas Perforatory Services Market Outlook

8.3.6.1.         Market Size & Forecast

8.3.6.1.1.             By Value 

8.3.6.2.         Market Share & Forecast

8.3.6.2.1.             By Service

8.3.6.2.2.             By Perforation Type

8.3.6.2.3.             By Well Type

8.3.7.     Malaysia Oil & Gas Perforatory Services Market Outlook

8.3.7.1.         Market Size & Forecast

8.3.7.1.1.             By Value 

8.3.7.2.         Market Share & Forecast

8.3.7.2.1.             By Service

8.3.7.2.2.             By Perforation Type

8.3.7.2.3.             By Well Type

9.    Europe Oil & Gas Perforatory Services Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Service

9.2.2.     By Perforation Type

9.2.3.     By Well Type

9.2.4.     By Country

9.3.  Europe: Country Analysis

9.3.1.     Germany Oil & Gas Perforatory Services Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value 

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Service

9.3.1.2.2.             By Perforation Type

9.3.1.2.3.             By Well Type

9.3.2.     United Kingdom Oil & Gas Perforatory Services Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value 

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Service

9.3.2.2.2.             By Perforation Type

9.3.2.2.3.             By Well Type

9.3.3.     France Oil & Gas Perforatory Services Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value 

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Service

9.3.3.2.2.             By Perforation Type

9.3.3.2.3.             By Well Type

9.3.4.     Italy Oil & Gas Perforatory Services Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value 

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Service

9.3.4.2.2.             By Perforation Type

9.3.4.2.3.             By Well Type

9.3.5.     Spain Oil & Gas Perforatory Services Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value 

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Service

9.3.5.2.2.             By Perforation Type

9.3.5.2.3.             By Well Type

9.3.6.     Poland Oil & Gas Perforatory Services Market Outlook

9.3.6.1.         Market Size & Forecast

9.3.6.1.1.             By Value 

9.3.6.2.         Market Share & Forecast

9.3.6.2.1.             By Service

9.3.6.2.2.             By Perforation Type

9.3.6.2.3.             By Well Type

9.3.7.     Denmark Oil & Gas Perforatory Services Market Outlook

9.3.7.1.         Market Size & Forecast

9.3.7.1.1.             By Value 

9.3.7.2.         Market Share & Forecast

9.3.7.2.1.             By Service

9.3.7.2.2.             By Perforation Type

9.3.7.2.3.             By Well Type

10.  South America Oil & Gas Perforatory Services Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Service

10.2.2.  By Perforation Type

10.2.3.  By Well Type

10.2.4.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Oil & Gas Perforatory Services Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value 

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Service

10.3.1.2.2.           By Perforation Type

10.3.1.2.3.           By Well Type

10.3.2.  Argentina Oil & Gas Perforatory Services Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value 

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Service

10.3.2.2.2.           By Perforation Type

10.3.2.2.3.           By Well Type

10.3.3.  Colombia Oil & Gas Perforatory Services Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value 

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Service

10.3.3.2.2.           By Perforation Type

10.3.3.2.3.           By Well Type

10.3.4.  Peru Oil & Gas Perforatory Services Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value 

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Service

10.3.4.2.2.           By Perforation Type

10.3.4.2.3.           By Well Type

10.3.5.  Chile Oil & Gas Perforatory Services Market Outlook

10.3.5.1.      Market Size & Forecast

10.3.5.1.1.           By Value 

10.3.5.2.      Market Share & Forecast

10.3.5.2.1.           By Service

10.3.5.2.2.           By Perforation Type

10.3.5.2.3.           By Well Type

11.  Middle East & Africa Oil & Gas Perforatory Services Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Service

11.2.2.  By Perforation Type

11.2.3.  By Well Type

11.2.4.  By Country

11.3.              Middle East & Africa: Country Analysis

11.3.1.  Saudi Arabia Oil & Gas Perforatory Services Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value 

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Service

11.3.1.2.2.           By Perforation Type

11.3.1.2.3.           By Well Type

11.3.2.  South Africa Oil & Gas Perforatory Services Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value 

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Service

11.3.2.2.2.           By Perforation Type

11.3.2.2.3.           By Well Type

11.3.3.  UAE Oil & Gas Perforatory Services Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value 

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Service

11.3.3.2.2.           By Perforation Type

11.3.3.2.3.           By Well Type

11.3.4.  Iraq Oil & Gas Perforatory Services Market Outlook

11.3.4.1.      Market Size & Forecast

11.3.4.1.1.           By Value 

11.3.4.2.      Market Share & Forecast

11.3.4.2.1.           By Service

11.3.4.2.2.           By Perforation Type

11.3.4.2.3.           By Well Type

11.3.5.  Turkey Oil & Gas Perforatory Services Market Outlook

11.3.5.1.      Market Size & Forecast

11.3.5.1.1.           By Value 

11.3.5.2.      Market Share & Forecast

11.3.5.2.1.           By Service

11.3.5.2.2.           By Perforation Type

11.3.5.2.3.           By Well Type

12.  Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.  Market Trends & Developments

14.  Company Profiles

14.1.  Schlumberger Limited

14.2.  Baker Hughes

14.3.  Halliburton Company

14.4.  Weatherford International

14.5.  WellMax Oilfield Technologies

14.6.  GeoDynamics

14.7.  Liberty Oilfield Services LLC

14.8.  HLS Asia Limited

 15. Strategic Recommendations

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