Oilfield Services Market by Type (Coiled Tubing Services, Completion Equipment & Services, Drilling & Completion Fluids, Drilling Waste Management, OCTG, Pressure Pumping Services, Well Intervention Services and Wireline services), by Geography (Asia-Pacific, Europe, Middle East, Africa, North America and South America) - Global Trends and forecasts to 2019
This report estimates the oilfield services market in terms of value. This has been broken down into component regions and further split into countries.
The oilfield services are required throughout the lifecycle of an oil and gas well. The ever-increasing exploration and production activities across the globe and new areas of unconventional resources are the major drivers in the growth of the oilfield services market. In recent times, there have been many developments in terms of offshore and unconventional explorations and production. The increasing world energy demands have pushed the exploration and production companies to push their limits towards unconventional hydrocarbon resources. These E&P activities for unconventional resources, demand oilfield services in order to produce and make the operations economically viable. This presents a good opportunity for players to capitalize on.
We have used various secondary sources such as encyclopedias, directories, and databases to identify and collect information that would be useful to this extensive commercial study of the global oilfield services market. The primary sources – experts from key industries as well as suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the oilfield services market.
We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include: Baker Hughes (U.S.), Halliburton (U.S.), Schlumberger (U.S.), Weatherford International Inc. (U.S.), Superior Energy Services (U.S.), and Tenaris (Italy), among others.
North America accounted for about 52% of the market share of the global oilfield services market in 2013. Halliburton Schlumberger, Baker Hughes, and Weatherford are the major players in this segment. A few Chinese and Asian players are expected to grow within the market in the near future.
The oilfield services market is segmented into six geographies namely North America, South & Central America, Europe, Africa, Asia-Pacific, and the Middle East. This is further segmented into respective countries.