Oilfield services are being applied by all E&P companies to enhance recovery of fossil fuels. Aging production wells is a primary factor driving the growth of the global oilfield services market. Analytics plays a very important role in operating a successful business today, and oilfield services primarily use analytics to improve production. The demand for oilfield services is growing globally, for instance in May 2018 Saudi Aramco signed a contract with Halliburton to operate in shale fields in the country.
The global oilfield services market is projected to grow at a high rate during the forecast period, mainly due to the growing demand for energy in the form of oil and natural gas. Over the years of oil production, the reserves are depleting, and research organizations are constantly working on the development of unconventional resources.
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Global oilfield services market has been segmented based on service, application, and region. Based on service, the market is classified into seismic, drilling, characterization, completion, production, well intervention, and others. Completion segment is leading the market and held the largest market share in 2017, mainly on account of the advances in completion technology. Some of the latest completion technology include permanent monitoring system, stimulation, and surface logging. Based on application, the market has been segmented as onshore and offshore. The onshore segment held the largest market share in 2017. However, the offshore segment is expected to grow substantially during the forecast period as the offshore exploration is growing constantly.
The key players of global oilfield service market are Schlumberger Limited (US), General Electric (US), Halliburton (US), Weatherford (France), National Oilwell Varco (US), Asian Oilfield Services Limited (India), TechnipFMC plc (UK), Bronco Oilfield Services Inc (US), and Liberty Oilfield Service (US).
Table Of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List Of Tables
Table 1 Global Oilfield Services Market: By Region, 2018-2023
Table 2 North America Oilfield Services Market: By Country, 2018-2023
Table 3 Europe Oilfield Services Market: By Country, 2018-2023
Table 4 Asia-Pacific Oilfield Services Market: By Country, 2018-2023
Table 5 RoW Oilfield Services Market: By Country, 2018-2023
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