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Oilfield Equipment Rental Market in the Middle East 2015-2019

Oilfield Equipment Rental Market in the Middle East 2015-2019

About Oilfield Equipment Rental

The extraction of oil and gas requires a wide range of oilfield equipment. These equipment are usually rented by oil and gas operators to lower their capital expenditure. Increase in oil and gas exploration, especially development of unconventional reserves, is expected to result in the growth of the oilfield equipment rental market. Oilfield rental equipment can be classified into drilling equipment, well completion equipment, and well intervention equipment based on the stage at which they are used during exploration and production.

Technavio's analysts forecast the oilfield equipment rental market in the Middle East to grow at a CAGR of 12.43% in terms of revenue over the period 2014-2019.

Covered in this Report

Technavio's report, Oilfield Equipment Rental Market in Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the oilfield equipment rental market in the Middle East and its growth prospects in the coming years. The report also includes segmentation based on equipment type and application. The report also includes a discussion about the key vendors operating in this market.

Key Vendors

  • FMC Technologies
  • Schlumberger
  • Superior Energy Services
  • Tasman Oil Tools
  • Weatherford International
Other Prominent Vendors
  • Aos Orwell
  • Basic Energy Services
  • Chesapeake Oilfield Services
  • Ensign Energy Services
  • Greene's Energy Group
  • Key Energy Services
  • Oil States International
  • Precision Drilling
Market Driver
  • New Discoveries of Oil and Gas in Middle East
  • For a full, detailed list, view our report
Market Challenge
  • Variations in Demand and Lack of Customization
  • For a full, detailed list, view our report
Market Trend
  • Decreased Investment in In-house Production Units
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Oilfield Equipment Rental Market in Middle East 2015-2019

Technavio recognizes the following companies as the key players in the Oilfield Equipment Rental Market in Middle East: FMC Technologies, Schlumberger, Superior Energy Services, Tasman Oil Tools and Weatherford International

Other Prominent Vendors in the market are: Aos Orwell, Basic Energy Services, Chesapeake Oilfield Services, Ensign Energy Services, Greene's Energy Group, Key Energy Services, Oil States International and Precision Drilling

Commenting on the report, an analyst from Technavio’s team said: “Integrated oil and gas companies in the Middle East have reduced their investment in equipment manufacturing as the equipment can be easily rented from the market. Moreover, by renting equipment, the overall capital cost for the operator will reduce, and liability for performance is transferred to the equipment provider. This encourages various oilfield operators to use rental equipment for oilfield operations, which will increase the market for rental equipment in the Middle East significantly during the forecast period.”

According to the report, the growing number of oil and gas discoveries in the Middle East is expected to propel the oilfield equipment rental market. For instance, in 2014, Saudi Aramco discovered eight new oil and gas fields in Saudi Arabia. The company also plans to start production from the Arabiyah and Hasbah offshore gas fields, which would produce 2.5 bcf/d of natural gas. Similarly, in April 2015, the Kuwait Oil Company discovered four new oil fields in Kuwait. These discoveries are considered encouraging and should be followed by development and production. Also, in March 2015, BP made another significant gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. Therefore, a growing number of hydrocarbon discoveries will enhance the E&P activities during the forecast period, which will boost the demand for rented oilfield equipment.

Further, the report states that vendors find it difficult to meet the customized demand, which is one of the serious threats in the oilfield equipment rental market.

Companies Mentioned

FMC Technologies, Schlumberger, Superior Energy Services, Tasman Oil Tools, Weatherford International, Aos Orwell, Basic Energy Services, Chesapeake Oilfield Services, Ensign Energy Services, Greene's Energy Group, Key Energy Services, Oil States International, Precision Drilling

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product/Services Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
    • Table Types of Oilfield Rental Equipment
  • Overview of Oil and Gas Market in Middle East
  • Market Landscape
    • Market Overview
    • Technology Overview
      • Drilling equipment
      • Well Completion Equipment
    • Market Size and Forecast
      • Table Oilfield Equipment Rental Market in Middle East 2014-2019 ($ billions)
    • Five Forces Analysis
  • Market Segmentation by Equipment type
    • Oilfield Equipment Rental Market in Middle East by Equipment Type 2014
      • Table Oilfield Equipment Rental Market in Middle East by Equipment Type 2014
    • Oilfield Equipment Rental Market in Middle East by Equipment Type 2019
      • Table Oilfield Equipment Rental Market in Middle East by Equipment Type 2019
    • Oilfield Equipment Rental Market in Middle East by Equipment Type 2014-2019
    • Oilfield Equipment Rental Market in Middle East by Drilling Equipment Segment
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Middle East by Drilling Equipment 2014-2019 ($ billions)
    • Oilfield Equipment Rental Market in Middle East by Well Completion Equipment Segment
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Middle East by Well Completion Equipment 2014-2019 ($ billions)
    • Oilfield Equipment Rental Market in Middle East by Well Intervention Equipment
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Middle East by Well Intervention Equipment 2014-2019 ($ billions)
  • Market Segmentation by Application
    • Oilfield Equipment Rental Market in Middle East by Application 2014
      • Table Oilfield Equipment Rental Market in Middle East by Application 2014
    • Oilfield Equipment Rental Market in Middle East by Application 2019
      • Table Oilfield Equipment Rental Market in Middle East by Application 2019
    • Oilfield Equipment Rental Market in Middle East by Application 2014-2019
    • Oilfield Equipment Rental Market in Middle East by Onshore Application
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Middle East by Onshore Application 2014-2019 ($ billions)
    • Oilfield Equipment Rental Market in Middle East by Offshore Application
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Middle East by Offshore Application 2014-2019 ($ billions)
  • Key Leading Countries
    • Oilfield Equipment Rental Market in Middle East by Country 2014
      • Table Oilfield Equipment Rental Market in Middle East by Country 2014
    • Oilfield Equipment Rental Market in Middle East by Country in 2019
      • Table Oilfield Equipment Rental Market in Middle East by Country in 2019
    • Oilfield Equipment Rental Market in Middle East by Country 2014-2019
    • Saudi Arabia
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Saudi Arabia 2014-2019 ($ billions)
    • Iran
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Iran 2014-2019 ($ billions)
    • Iraq
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Iraq 2014-2019 ($ billions)
    • UAE
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in UAE 2014-2019 ($ billions)
    • Kuwait
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Kuwait 2014-2019 ($ billions)
    • Others
      • Market Size and Forecast
        • Table Oilfield Equipment Rental Market in Other Middle East Countries 2014-2019 ($ billions)
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Key News
      • Mergers and Acquisitions
    • Other Prominent Vendors
  • Key Vendor Analysis
    • FMC Technologies
      • Key Facts
      • Business Overview
      • Business Segmentation by revenue 2013
        • Table FMC Technologies: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table FMC Technologies: Business Segmentation by Revenue 2012 and 2013 ($ billions)
      • Geographical Segmentation by Revenue 2013
        • Table FMC Technologies: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Halliburton
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue
        • Table Business Segmentation of Halliburton by Revenue 2013
        • Table Business Segmentation of Halliburton by Revenue 2012 and 2013 ($ billions)
      • Geographical Segmentation by Revenue
        • Table Geographical Segmentation of Halliburton by Revenue 2013
      • Business Strategy
      • Key Information
      • SWOT Analysis
    • Schlumberger
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue
        • Table Business Segmentation of Schlumberger by Revenue 2013
        • Table Business Segmentation of Schlumberger by Revenue 2012 and 2013 ($ millions)
      • Geographical Segmentation by Revenue
        • Table Geographical Segmentation of Schlumberger by Revenue 2013
      • Business Strategy
      • Key Information
      • SWOT Analysis
    • Superior Energy Services
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Business Segmentation of Superior Energy Services by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Business Segmentation of Superior Energy Services by Revenue 2012 and 2013 ($ millions)
      • Geographical Segmentation by Revenue 2013
        • Table Superior Energy Services: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Tasman
      • Key Facts
      • Business Overview
      • SWOT Analysis
    • Weatherford International
      • Key Facts
      • Business Overview
      • Product Segmentation by Revenue
        • Table Weatherford International: Product Segmentation by Revenue 2013
      • Geographical Segmentation by Revenue
        • Table Weatherford International: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Key Developments
      • SWOT analysis
  • Other Reports in this Series

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