HOME Top Market Reports Oilfield Rental Market, by Equipment - Drilling (Drillpipe, Drill Collars, Hevi-wate, Subs), Pressure Control & Flow Control (BOPs, Valves, and Manifolds), Fishing, and Others – Global Market Trends & Forecast to 2018

Oilfield Rental Market, by Equipment - Drilling (Drillpipe, Drill Collars, Hevi-wate, Subs), Pressure Control & Flow Control (BOPs, Valves, and Manifolds), Fishing, and Others – Global Market Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: April 2013
Report Code: EP 1537

 

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Rising oil & gas prices and increasing drilling activity will drive the global oilfield equipment rental (oilfield rental) market to $46.8 billion by 2018. North America, with its increased focus on unconventional shale plays and keen oil & gas industry, is expected to experience highest revenue growth during the next five years.

The factors driving growth of oilfield rental market are increasing drilling activity and rising oil prices. These factors are driving the production of uneconomical field viable, tendency of drilling contractor & oilfield service providers to rent rather than buy equipment, and advancements in technology that hugely favors renting. Oilfield rental is a highly developing market despite its large base due to growing energy demand. The market is expected to experience high growth due to the increasing oilfield expenditure and flourishing oil & gas industry of Africa and Latin America.

Oilfield rental industry is highly fragmented and localized. Most players in this industry are very small and have a very paltry area of influence, barring a few which are genuinely the rental divisions of big OFS (oilfield service) provider companies. One’s offering rental tools in unconventional shale plays and ultra deep-water fields are the most successful rental companies. Through mergers and acquisitions, many large-cap oilfield service companies have been able to bring several complementary technologies under one provider. This also helps in increasing their overall market presence, thus increasing rental revenues. Weatherford International Ltd (Switzerland) is the largest player in this market. Since North America is the biggest market, most of the notable rental companies operate here.

Drilling rental equipment, due to its wide usage and increased drilling activity dominate the global oilfield rental market. Within drilling equipment, drillpipes hold the largest share as most of wells being drilled have considerable depths. Subsequently to drilling equipment, pressure and flow control are the most rented. BOPs (Blow out preventers) dominate the pressure and flow control equipment rental market.

The report covers the global oilfield rental market in major regions namely Asia-Pacific, Europe, North America, Latin America, Middle East, and Africa under major types of rental equipment such as drilling, pressure & flow control, fishing, etc. The market size for various drilling rental tools such as drill pipes and drill collars, etc. have also been estimated along with pressure and flow control tools.

For this report, various secondary sources such as oil & gas magazines, encyclopedia, directories, technical handbooks, company annual reports, industry association publications, articles, trade websites, and databases have been referred to identify & collect information useful for this extensive commercial study. The primary sources — experts from related industries and suppliers — have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.

This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Chesapeake Oilfield Services LLC (U.S.), Superior Energy Services Inc. (U.S.), Weatherford International Ltd (Switzerland), Precision Drilling Corporation (Canada), etc. have also been profiled in this report.

Scope of the report

On basis of geography:

  • North America
  • Asia-Pacific
  • Europe
  • Africa
  • Latin America
  • Middle East

On basis of equipment:

  • Drilling equipment
  • Pressure & flow control equipment
  • Fishing tools
  • Other equipment

Table Of Contents 
 
1 Introduction (Page No. - 23)
  1.1 Key Take-Aways
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stake Holders
  1.5 Research Methodology
      1.5.1 Market Size
      1.5.2 Key Data Points Taken From Secondary Sources
      1.5.3 List Of Secondary Data Sources
      1.5.4 Key Data Points Taken From Primary Sources
      1.5.5 Assumptions Made For This Report

2 Executive Summary (Page No. - 28)

3 Premium Insights (Page No. - 30)
  3.1 Market Segmentation
  3.2 Market Scenario In 2012
  3.3 North America & Asia-Pacific - Best Markets To Invest
  3.4 North America To Continue Driving The Oilfield Rental Market
  3.5 U.S. – The Largest Oilfield Rental Market
  3.6 Drilling Equipment Are Rented The Most
  3.7 Top 20 Players Occupy One Third Of OER Market
  3.8 2012 Was The Most Active Year For Oilfield Rental Market
  3.9 Most Companies Relied On Mergers & Acquisition For Growth
  3.10 Top Five Companies Relied On Launching New & Improved Products
 
4 Market Overview (Page No. - 42)
  4.1 Introduction
  4.2 Major Ofs Players Maintain Their Own Rental Division
  4.3 Value Chain
  4.4 Market Dynamics
      4.4.1 Drivers
            4.4.1.1 Increased Drilling Activity
            4.4.1.2 Increasing Oil Prices Making Production Of Uneconomical Fields Viable
            4.4.1.3 Tendency To Rent Rather Than Buy
            4.4.1.4 Advancement In Technology Favors Renting
      4.4.2 Restraints
            4.4.2.1 Customized Demand By Drillers
            4.4.2.2 Hevi Capital Expenditure
      4.4.3 Opportunities
            4.4.3.1 Growing Unconventional Hydrocarbon Market
            4.4.3.2 New Explorations Near Arctic Circle And Ultra-Deep Offshore Drilling
      4.4.4 Winning Imperatives
            4.4.4.1 Acquisition Of Small Rental Companies
            4.4.4.2 Focusing On Unconventional Oil Sources
  4.5 Porter’s Five Forces Analysis
      4.5.1 Supplier’s Power
      4.5.2 Buyer’s Power
      4.5.3 Threat Of New Entrants
      4.5.4 Threat Of Substitutes
      4.5.5 Degree Of Competition

5 Oilfield Equipment Rental Market, By Equipment (Page No. - 65)
  5.1 Introduction
  5.2 Drilling Equipment To Drive Oilfield Rental Market
      5.2.1 Drilling Equipment
            5.2.1.1 Latin America & Africa Are Emerging Markets
            5.2.1.2 Drill Pipe To Boost Drilling Equipment Rental Market
                    5.2.1.2.1 Drillpipe
                    5.2.1.2.2 Drill Collar
                    5.2.1.2.3 Hevi-Wate
                    5.2.1.2.4 Subs
                    5.2.1.2.5 Other Drilling Equipment
      5.2.2 Pressure & Flow Control Equipment
            5.2.2.1 Bops Most Rented Pressure Equipment
                    5.2.2.1.1 Bop
                    5.2.2.1.2 Valves & Manifolds
                    5.2.2.1.3 Other P&Fc Rental Equipment
      5.2.3 Fishing Equipment
      5.2.4 Other Rental Oilfield Equipment

6 Oilfield Equipment Rental Market, By Geography (Page No. - 91)
  6.1 Introduction
  6.2 Oilfield Rental: Market Analysis
      6.2.1 North America To Drive Global OER Market
      6.2.2 North America
            6.2.2.1 Increased Production Driving The Oilfield Rental Market
            6.2.2.2 Rising Oilfield Spending Fueling Market Growth
            6.2.2.3 U.S. Is The Largest OER Market
            6.2.2.4 U.S.
                    6.2.2.4.1 Oer Market Driven By Rising Consumption
                    6.2.2.4.2 U.S. Market Is Experiencing High Growth
            6.2.2.5 Canada
                    6.2.2.5.1 Canada Has Significant Unconventional Reserves
                    6.2.2.5.2 Unconventional Oil To Fuel The Future Growth In Canada
      6.2.3 Asia-Pacific
            6.2.3.1 Rising Consumption Fueling E&P Activities
            6.2.3.2 Increased Drilling Activity Is The Prime Driver Of Asia-Pacific Market
            6.2.3.3 Chinese Market Is The Leader In Oilfield Equipment Rental
            6.2.3.4 China
                    6.2.3.4.1 Consumption Is Driving E&P Growth
                    6.2.3.4.2 Drilling Equipment Are The Most Rented In China
            6.2.3.5 Australia
                    6.2.3.5.1 Australia Has Huge Gas Reserves
                    6.2.3.5.2 Gas Exploration Increasing Drilling Activities
            6.2.3.6 Malaysia
                    6.2.3.6.1 Offshore Production Is Higher In Malaysia
                    6.2.3.6.2 Increased Investment Acting As Growth Driver
            6.2.3.7 India
                    6.2.3.7.1 India Focusing On More Domestic Production
                    6.2.3.7.2 Oilfield Spending Is The Major Driver For Indian Market
            6.2.3.8 Indonesia
                    6.2.3.8.1 Private Players Fueling E&P Growth In Indonesia
                    6.2.3.8.2 More Drilling Equipment Are Rented In Indonesia
            6.2.3.9 Rest Of Asia-Pacific
                    6.2.3.9.1 Emerging Economies Driving Growth
                    6.2.3.9.2 Rest Of Asia-Pacific Experiencing Significant Market Growth
      6.2.4 Europe & Eurasia
            6.2.4.1 Europe Holds Third Place Globally In Terms Of Reserves
            6.2.4.2 Drilling Equipment Are The Most Rented In Europe
            6.2.4.3 Russian Federation In The Biggest Oilfield Rental Market In Europe
            6.2.4.4 Russian Federation
                    6.2.4.4.1 Russian Economy Driven By Energy Exports
                    6.2.4.4.2 Rising Production Increasing OER Market In Russia
            6.2.4.5 Norway
                    6.2.4.5.1 Norway Has Significant Offshore Reserves
                    6.2.4.5.2 Drilling Equipment Hold Major Share In Norway
            6.2.4.6 U.K.
                    6.2.4.6.1 Fields In U.K. Are Maturing
                    6.2.4.6.2 Maturing Fields In U.K. Favoring More Renting
            6.2.4.7 Kazakhstan
                    6.2.4.7.1 Huge Reserve Potential In Kazakhstan
                    6.2.4.7.2 Oilfield Rental Market In Kazakhstan Is Fuelled By E&P Activities
            6.2.4.8 Rest Of Europe & Eurasia
                    6.2.4.8.1 Considerable Reserves Exist In Europe
                    6.2.4.8.2 Rest Of Europe& Eurasia Has Huge Growth Prospect
      6.2.5 Africa
            6.2.5.1 Africa Has Substantial Offshore Production
            6.2.5.2 Market Scenario In African Favors Renting
            6.2.5.3 Angola Is The Emerging Market In Africa
            6.2.5.4 Angola
                    6.2.5.4.1 Angola Has Huge Untapped Resources
                    6.2.5.4.2 Lack Of Infrastructure Favors Renting In Angola
            6.2.5.5 Nigeria
                    6.2.5.5.1 Nigeria Is A Major Producers Of Oil In Africa
                    6.2.5.5.2 Offshore Drilling Driving Market Growth
            6.2.5.6 Algeria
                    6.2.5.6.1 Algeria Is Ramping Up Production
                    6.2.5.6.2 Drilling Activities Are On Rise In Algeria
            6.2.5.7 Egypt
                    6.2.5.7.1 Egyptian Production Is Increasing Again
                    6.2.5.7.2 Egypt Is Growing Slowly At Present
            6.2.5.8 Rest Of Africa
                    6.2.5.8.1 Production Is Rising In Rest Of Africa
                    6.2.5.8.2 Better Growth Will Be Experienced In Future
      6.2.6 Latin America
            6.2.6.1 Latin America Has Sizeable Oil & Gas Reserves
            6.2.6.2 Drilling Equipment Are Experiencing Rampant Growth In Latin America
            6.2.6.3 Brazil Dominates The Latin American Market
            6.2.6.4 Brazil
                    6.2.6.4.1 Major Offshore Activity In Brazil
                    6.2.6.4.2 Rising Demand Fueling Growth
            6.2.6.5 Mexico
                    6.2.6.5.1 Mexico Is A Net Oil Exporter
                    6.2.6.5.2 Oilfield Rental Market Driven By Drilling Equipment In Mexico
            6.2.6.6 Venezuela
                    6.2.6.6.1 Venezuela Is An Important Player In The Global Oil Market
                    6.2.6.6.2 Significant Growth Will Be Experienced In Venezuela
            6.2.6.7 Rest Of Latin America
                    6.2.6.7.1 Rest Of Latin America Has Sizeable Reserves
                    6.2.6.7.2 Steady Growth Will Be Experienced In The Future
      6.2.7 Middle East
            6.2.7.1 Middle East Has The Largest Oilfield Reserves
            6.2.7.2 Middle East Has A Relatively Stable OER Market
            6.2.7.3 Middle Eastern Market Is Dominated By Iraq
            6.2.7.4 Iraq
                    6.2.7.4.1 Huge Potential Waiting To Be Unlocked In Iraq
                    6.2.7.4.2 Iraq Will Experience Enormous Growth
            6.2.7.5 Saudi Arabia
                    6.2.7.5.1 Largest Producer Of Crude Oil Is Saudi Arabia
                    6.2.7.5.2 Fishing Equipment Will Experience Highest Growth
            6.2.7.6 Iran
                    6.2.7.6.1 Iranian Production Will Decline More In Future
                    6.2.7.6.2 Geopolitics Is Hampering Market Growth In Iran
            6.2.7.7 Rest Of Middle East
                    6.2.7.7.1 Production Is Rising In Middle East
                    6.2.7.7.2 Better Growth Will Be Experienced In Future

7 Competitive Landscape (Page No. - 179)
  7.1 Company Analysis
      7.1.1 Company Presence, By Equipment
      7.1.2 Company Presence, By Geography
      7.1.3 Market Share Analysis
  7.2 Strategic Developments
      7.2.1 Mergers & Acquisitions: Most Popular Growth Strategy
      7.2.2 Supply Contract
      7.2.3 Expansion
      7.2.4 New Products Launch/Developments
      7.2.5 Others

8 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)* (Page No. - 212)
  8.1 Aos Orwell Limited
  8.2 Basic Energy Services Inc.
  8.3 Chesapeake Oilfield Services Llc
  8.4 Cor International Llc
  8.5 Fmc Technologies
  8.6 Greenes Energy Group
  8.7 Halliburton Co.
  8.8 Independent Oil Tools As
  8.9 Iroc Energy Services Corp.
  8.10 Key Energy Services
  8.11 Knight Oil Tools Inc.
  8.12 Oil States International Inc.
  8.13 Parker Drilling Co.
  8.14 Precision Drilling Corporation
  8.15 Rpc Inc.
  8.16 Savanna Energy Services Corp.
  8.17 Schlumberger Limited
  8.18 Superior Energy Services Inc.
  8.19 Tasman Oil Tools
  8.20 Weatherford International Ltd
  *Details On Financials Might Not Be Captured In Case Of Unlisted Companies. 
 
 
List Of Tables (137 Tables)
 
Table 1 Estimated Global Upstream Capital Spending,2010 – 2015 ($Billion) 
Table 2 Global Active Rig Count, By Geography, 2007 – 2011
Table 3 Average Crude Oil Prices, By Types, 2009 – 2014 ($/Barrel)
Table 4 Offshore Rig Count, By Geography, 2010 – 2014
Table 5 Oilfield Equipment Demand, By Geography,2006 – 2016 ($Million) 
Table 6 Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million)
Table 7 Drilling: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million)
Table 8 Drilling: Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 9 Drillpipe: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million)
Table 10 Drill Collars: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million) 
Table 11 Hevi-Wate: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million)
Table 12 Subs: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million) 
Table 13 Others: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million)
Table 14 P&Fc: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million) 
Table 15 P&Fc: Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 16 Bops: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million) 
Table 17 Valves & Manifolds: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million) 
Table 18 Others: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million)
Table 19 Fishing Tools: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million) 
Table 20 Other: Equipment Rental Market Revenue, By Geography, 2010 – 2018 ($Million) 
Table 21 Oilfield Rental Market Revenue, By Geography, 2010 – 2018 ($Million)
Table 22 North America: Oil Scenario, 2007 – 2011 (Mmboe)
Table 23 North America: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 24 North America: Drilling Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 25 North America: P&Fc Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 26 North America: Oilfield Rental Market Revenue, By Countries, 2010 – 2018 ($Million) 
Table 27 U.S: Oil Scenario, 2007 – 2011 (Mmboe)
Table 28 U.S: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million)
Table 29 Canada: Oil Scenario, 2007 – 2011 (Mmboe)
Table 30 Canada: Oer Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 31 Asia-Pacific: Oil Scenario, 2007 – 2011 (Mmboe)
Table 32 Asia-Pacific: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 33 Asia-Pacific: Drilling Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 34 Asia-Pacific: P&Fc Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million)
Table 35 Asia-Pacific: OER Market Revenue, By Countries, 2010 – 2018 ($Million) 
Table 36 China: Oil Scenario, 2007 – 2011 (Mmboe)
Table 37 China: Oer Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 38 Australia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 39 Australia: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 40 Malaysia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 41 Malaysia: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 42 India: Oil Scenario, 2007 – 2011 (Mmboe)
Table 43 India: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 44 Indonesia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 45 Indonesia: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 46 Rest Of Asia-Pacific : Oil Scenario, 2007 – 2011 (Mmboe)
Table 47 Rest Of Asia-Pacific: Oer Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 48 Europe: Oil Scenario, 2007 – 2011 (Mmboe)
Table 49 Europe & Eurasia: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 50 Europe & Eurasia: Drilling Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million)
Table 51 Europe & Eurasia: P&Fc Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 52 Europe & Eurasia: Oilfield Rental Market Revenue, By Countries, 2010 – 2018 ($Million) 
Table 53 Russian Federation: Oil & Gas Reserves, 2007 – 2011 (Mmboe)
Table 54 Russian Federation: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 55 Norway: Oil & Gas Reserves, 2007 – 2011 (Mmboe)
Table 56 Norway: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 57 U.K: Oil Scenario, 2007 – 2011 (Mmboe)
Table 58 U.K: OER Market Revenue, By Equipment, 2010 – 2018 ($Million)
Table 59 Kazakhstan: Oil Scenario, 2007 – 2011 (Mmboe)
Table 60 Kazakhstan: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 61 Rest Of Europe & Eurasia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 62 Rest Of Europe & Eurasia: OER Market Revenue, By Equipment, 2010 – 2018 ($Million)
Table 63 Africa: Oil Scenario, 2007 – 2011 (Mmboe)
Table 64 Africa: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 65 Africa: Drilling Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million)
Table 66 Africa: P&Fc Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 67 Africa: Oilfield Rental Market Revenue, By Countries, 2010 – 2018 ($Million) 
Table 68 Angola: Oil Scenario, 2007 – 2011 (Mmboe)
Table 69 Angola: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 70 Nigeria: Oil Scenario, 2007 – 2011 (Mmboe)
Table 71 Nigeria: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 72 Algeria: Oil Scenario, 2007 - 2011 (Mmboe)
Table 73 Algeria: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 74 Egypt: Oil Scenario, 2007 – 2011 (Mmboe)
Table 75 Egypt: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 76 Rest Of Africa: Oil Scenario, 2007 – 2011 (Mmboe)
Table 77 Rest Of Africa: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 78 Latin America: Oil Scenario, 2007 – 2011 (Mmboe)
Table 79 Latin America: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 80 Latin America: Drilling Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 81 Latin America: P&Fc Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million) 
Table 82 Latin America: Oilfield Rental Market Revenue, By Countries ($Million)
Table 83 Brazil: Oil Scenario, 2007 – 2011 (Mmboe)
Table 84 Brazil: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 85 Mexico: Oil Scenario, 2007 – 2011 (Mmboe)
Table 86 Mexico: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 87 Venezuela: Oil Scenario, 2007 – 2011 (Mmboe)
Table 88 Venezuela: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 89 Rest Of Latin America: Oil Scenario, 2007 – 2011 (Mmboe)
Table 90 Rest Of Latin America: Oer Market Revenue, By Equipment, 2010 – 2018 ($Million)
Table 91 Middle East: Oil Scenario, 2007 – 11 (Mmboe)
Table 92 Middle East: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 93 Middle East: Drilling Equipment Rental Market Revenue,By Types, 2010 – 2018 ($Million) 
Table 94 Middle East: P&Fc Equipment Rental Market Revenue, By Types, 2010 – 2018 ($Million)
Table 95 Middle East: Oilfield Rental Market Revenue, By Countries, 2010 – 2018 ($Million) 
Table 96 Iraq: Oil Scenario, 2007 – 2011 (Mmboe)
Table 97 Iraq: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 98 Saudi Arabia: Oil Scenario, 2007 – 2011 (Mmboe)
Table 99 Saudi Arabia: OER Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 100 Iran: Oil Scenario, 2007 – 2011 (Mmboe)
Table 101 Iran: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 102 Rest Of Middle East: Oil Scenario, 2007 – 2011 (Mmboe)
Table 103 Rest Of Middle East: Oilfield Rental Market Revenue, By Equipment, 2010 – 2018 ($Million) 
Table 104 Companies Analysis, By Equipment
Table 105 Companies Analysis, By Geography
Table 106 Market Share Analysis, By Companies, 2012
Table 107 Mergers & Acquisitions, 2010 – 2013
Table 108 Supply Contracts, 2009 – 2013
Table 109 Expansions, 2011 – 2013
Table 110 New Products Launch/Developments, 2010 – 2012
Table 111 Others, 2009 – 2012
Table 112 Aos Orwell : Products & Services
Table 113 Chesapeake: Products & Services
Table 114 Cor: Products & Services
Table 115 Fmc Technologies : Products & Services
Table 116 Greenes: Products & Its Category
Table 117 Halliburton: Products & Services
Table 118 Independent: Products & Services
Table 119 Iroc : Products & Services
Table 120 Key Energy : Products & Services
Table 121 Knight Oil Tools : Products & Services
Table 122 Oil States : Products & Services
Table 123 Parker Drilling : Products & Services
Table 124 Precision: Products & Its Category
Table 125 Rpc : Products & Services
Table 126 Savanna Energy: Products & Services
Table 127 Schlumberger : Products & Services
Table 128 Superior Energy: Spc Rentals’ Products & Services
Table 129 Superior Energy: Concentric Pipe & Tool’s Products & Services
Table 130 Superior Energy: H.B. Rentals’ Products & Services
Table 131 Superior Energy: Oil Tool Rentals’ Products & Services
Table 132 Superior Energy: Basin Tool Services’ Products & Services
Table 133 Superior Energy: Sub Surface Tools’ Products & Services
Table 134 Superior Energy: Stabil Drills’ Products & Services
Table 135 Tasman: Products & Services
Table 136 Weatherford : Products & Services
Table 137 Weatherford: Annual Revenue, By Segments, 2010 – 2011 ($Million) 
 
 
List Of Figures (35 Figures)
 
Figure 1 OER Market, By Geography & Equipment, 2012
Figure 2 Global Oilfield Equipment Rental Market Segmentation
Figure 3 OER Market, By Geography & Equipment, 2012
Figure 4 Oilfield Rental Market Scenario In Different Regions
Figure 5 Global Oilfield Equipment Rental Market Revenue Trend, 2011 – 2018 ($Million) 
Figure 6 OER Market Revenue, By Countries, 2013 ($Million)
Figure 7 OER Market Share, By Equipment, 2018
Figure 8 Market Share Analysis For Top 20 Companies, 2012
Figure 9 Competitive Developments, By Years, 2009 – 2013
Figure 10 Competitive Developments, By Types, 2009 – 2013
Figure 11 Growth Strategies Of Top 5 Companies, 2010 – 2012
Figure 12 North America: The Best Market To Invest
Figure 13 Value Chain For Oer Market
Figure 14 Impact Analysis – Drivers, 2012 – 2017
Figure 15 Total World Oil Reserves
Figure 16 Impact Analysis – Restraints, 2012 – 2017
Figure 17 Impact Analysis – Opportunities, 2012 – 2017
Figure 18 Porter’s Five Forces Model For Oer Market
Figure 19 Oilfield Rental Market Segmentation, By Equipment
Figure 20 Oilfield Rental Market Share, By Equipment, 2012
Figure 21 Oilfield Rental Market Share, By Equipment, 2018
Figure 22 OER Market Segmentation, By Drilling Equipment
Figure 23 OER Market Segmentation, By Pressure & Flow Control Equipment
Figure 24 OER Market Segmentation, By Geography
Figure 25 Oilfield Rental Market Share, By Geography, 2012
Figure 26 Oilfield Rental Market Size V/S Growth Analysis, By Geography, 2013 – 2018 
Figure 27 Market Share Analysis For Top 20 Companies, 2012
Figure 28 Competitive Developments, By Types, 2009 – 2013
Figure 29 Competitive Developments, By Years, 2009 – 2013
Figure 30 Growth Strategies Of Top 5 Companies, 2010 – 2012
Figure 31 Mergers & Acquisitions, 2010 – 2013
Figure 32 Supply Contracts, 2009 – 2013
Figure 33 Expansions, 2010 – 2013
Figure 34 New Products Launch/Developments, 2010 – 2012
Figure 35 Others, 2010 – 2012

Global oilfield rental equipment market is witnessing very high growth on an account of rising oil & gas prices and increased E&P activities due to rising energy demand, especially in North American region. This region holds major market share followed by Asia-Pacific and Europe & Eurasia. In terms of individual countries, the market is dominated by U.S. on an account of its flourishing drilling activities due to increased focus on unconventional shale plays.

Oilfield Rental Market Share, by Geography, 2012

Oilfield Equipment Rental Market

Source: MarketsandMarkets Analysis

Technological developments have enabled the progress of non-conventional oil & gas fields that were considered unviable economically. Even today the E&P companies are optimizing the proficiency of extraction from maturing oilfields. This has provided a renewed impetus to drilling industry which is the main driver of oilfield rental industry.

Most oilfield equipment are so expensive that it is easier for companies to rent instead of buying these. Renting provides significant savings over buying and helps in minimizing the inventory. It also significantly reduces the costs by eliminating the need for large equipment storage areas and buildings along with providing the right type and size of equipment that is required by the customer for a particular operation. It also minimizes downtime, thus the capital can be utilized for more profitable ventures.

The oilfield rental industry is very fragmented and offers opportunities for consolidation. There are very few industry leaders unsettled over the optimal growth strategy for this market. In this industry, most of the players are very small and local rental companies. Only a few global rental players exist in this market like Weatherford International Ltd (Switzerland).

The top five companies in the rental business include Halliburton Co. (U.S.), Oil States International Inc. (U.S.), Schlumberger Ltd (U.S.), Superior Energy Services Inc. (U.S.), and Weatherford International Ltd. (Switzerland). Around, only one third of the market is captured by top 20 players.

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