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Impact of Low Oil Price on Oilfield Equipment and Service Market, 2017

Impact of Low Oil Price on Oilfield Equipment and Service Market, 2017

The global oilfield services and equipment market is still recovering from the 2015 oil price crash, as oil companies are still trying to consolidate their position by reevaluating their capital expenditure. The oilfield services and equipment market has four main segments - drilling, completion, capital equipment, and production. While some segments like completion are recovering well, others like drilling are yet to show positive growth. As unconventional resources are very expensive to explore, many rigs across the globe have been idle. The huge backlog has led to deferred credits, which affect the bottom lines of oilfields equipment and service companies.

The study aims to analyze and forecast the impact of low oil prices on the oilfield services and equipment market, 2017.

Research Scope
Segmentation and sub-segmentation of various oilfield services
Market trends (revenue estimation for each segment and sub-segment)
Market share analysis of various oilfield services and equipment
Long-term growth trend of each segment and sub-segment
Market measurements are analyzed from 2010 to 2017, with 2016 being the base year. The revenue estimation for each sub-segment is obtained from annual reports and analyses of various drivers and restraints. As the study addresses the short-term impact of oil prices on oilfield equipment, revenue growth has been forecast only for 2017. Only segments that are critical for operation and have significant market share have been considered for study. An indexing method has been used to observe the trends in various oilfield segments, based on which an impact assessment has been made. The study also covers the market share analysis to identify the changing dynamics of the competitive structure. Lastly, based on the analysis, the growth opportunities of key segments are evaluated and the strategic imperatives for success are identified.

Key Issues Addressed
What is the status of the global oilfield equipment and services market?
How has the market share evolved for various oilfield segments?
What is the impact of oil prices on various oilfield segments and sub-segments?
What are the major trends observed in various oilfield segments in 2017?
What are the emerging regions for various oilfield services and equipment?


  • Executive Summary
    • Key Findings
  • Market Overview
    • Scope and Segmentation
    • Trends in Historical Oil Prices for WTI and Brent
    • Global Total Rig Count versus Benchmark Crude Oil Price
    • Impact of Low Oil Price in Oilfield Equipment-Regional Rig Count Summary
    • Key Predictions for Oil and Gas Numbers in 2017
    • Oilfield Services
    • Market Segmentation of Oilfield Equipment and Services
    • Key Questions this Study will Answer
  • Impact of Low Oil Price-Drilling Segment
    • Impact of Low Oil Price-Offshore Contract Drilling
      • Table Oilfield Equipment and Services Market: Offshore Contract Drilling Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Land Contract Drilling
      • Table Oilfield Equipment and Services Market: Land Contract Drilling Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Directional Drilling Services
      • Table Oilfield Equipment and Services Market: Directional Drilling Services Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Logging While Drilling (LWD)
      • Table Oilfield Equipment and Services Market: Logging While Drilling Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Casing and Tubing
      • Table Oilfield Equipment and Services Market: Casing and Tubing Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Surface Data Logging
      • Table Oilfield Equipment and Services Market: Surface Data Logging Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
  • Impact of Low Oil Price-Completion Segment
    • Impact of Low Oil Price-Hydraulic Fracturing
      • Table Oilfield Equipment and Services Market: Hydraulic Fracturing Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Wireline Logging
      • Table Oilfield Equipment and Services Market: Wireline Logging Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Subsea Equipment
      • Table Oilfield Equipment and Services Market: Subsea Equipment Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Surface Equipment
      • Table Oilfield Equipment and Services Market: Surface Equipment Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Completion Equipment
      • Table Oilfield Equipment and Services Market: Completion Equipment Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Coiled Tubing Services
      • Table Oilfield Equipment and Services Market: Coiled Tubing Services Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
  • Impact of Low Oil Price-Capital Equipment
    • Impact of Low Oil Price-Offshore Construction
      • Table Oilfield Equipment and Services Market: Offshore Construction Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion and Market Share
    • Impact of Low Oil Price-Rig Equipment
      • Table Oilfield Equipment and Services Market: Rig Equipment Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
    • Impact of Low Oil Price-Downhole Drilling Tools
      • Table Oilfield Equipment and Services Market: Downhole Drilling Tools Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
  • Impact of Low Oil Price-Production Equipment
    • Impact of Low Oil Price-Artificial Lifts
      • Table Oilfield Equipment and Services Market: Artificial Lifts Revenue Forecast, Global, 2010-2017
    • Revenue Forecast Discussion
  • Growth Opportunities and Companies to Action
    • Growth Opportunity 1-Hydraulic Fracturing
    • Strategic Imperatives for Success and Growth
    • Growth Opportunity 2-Directional Drilling
    • Strategic Imperatives for Success and Growth
  • Conclusion
  • Appendix
    • Abbreviations and Acronyms Used

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