HOME Top Market Reports Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds), Fishing Equipment and Other Equipment - Global Trends and Forecasts to 2019

Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds), Fishing Equipment and Other Equipment - Global Trends and Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: EP 2686

 

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The oilfield equipment is required by the oilfield operators to extract oil and gas from the reservoirs. This equipment is taken on rent or lease by the oilfield operator, with the view to reduce the capital expenditure of the operator. 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. Technological developments have enabled the development of non-conventional oil and gas fields which were earlier considered unviable economically and now even 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.

Increase in the number of drilling activities worldwide, due to rising demand of energy, and a tendency of the operator to rent the equipment rather than buying favors renting of the oilfield equipment. These factors forms key driving forces in the successful growth of oilfield equipment market. However, customized demand by drillers for the equipment, rising cost for material and equipment heavy capital expenditure on the manufacturing of equipment are the key factors restraining the growth of the oilfield rental equipment market.

In this report, the oilfield market covers drilling equipment, flow & pressure control equipment, fishing equipment and other key equipments. Amongst the above, drilling equipment segment held the largest share in the global oilfield equipment rental market, in 2013. Drilling rental equipment, due to its wide usage and increased drilling activity dominate the global oilfield rental market. Within drilling equipment, drill pipes 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.

Major companies with their market volumes and revenues are covered for each of the regions. The report also deals with market share by participants for the overall market and describes the competitive strategies adopted by these players. Market segmentation is also done on the basis of applications. Leading players of the industry have also been profiled with their recent developments and other strategic industry activities. A few top players in the industry are Halliburton Co. (U.S.), Oil States International, Inc. (U.S.), Schlumberger Limited (U.S.), Superior Energy Services, Inc. (U.S.) and Weatherford International Ltd. (Switzerland).

Scope of the report: This study estimates the global market of Oilfield Equipment Rental by the end of 2019. This market research also provides a detailed qualitative and quantitative analysis of the global Oilfield Equipment Rental market. The report provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market.

On the basis of equipment: The Oilfield Equipment Rental market is segmented on the basis of the most prominent equipment type being used across the globe, Drilling (Drill pipe, Drill collars, Heavy-wate, Subs), Pressure Control & Flow Control (BOPs, Valves & Manifolds), Fishing & Others.

On the basis of geography: The Middle East, the U.S., Europe, Asia-Pacific, Africa and the Rest of the World

Table of Contents 
 
 
1 Introduction (Page No. - 20)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stake Holders
    1.5 Market Study Scope

2 Executive Summary (Page No. - 24)

3 Premium Insights (Page No. - 27)
    3.1 Market Segmentation
    3.2 Market Scenario In 2013
    3.3 North America and Asia-Pacific - Promising Markets
    3.4 North America to Continue Driving the OER Market
    3.5 U.S.- the Largest OER Market
    3.6 Drilling Equipment: Highest Share Among Rented Equipments
    3.7 top 20 Players Occupy One Third of OER Market
    3.8 Current Year (2014) Witnesses the Highest Number of Segment Activity
    3.9 Market Leaders Adopting M&A for Higher Number of Supply Contracts
    3.10 Market Leaders Focus on NPD and Technology Upgradations

4 Market Overview (Page No. - 40)
    4.1 Introduction
    4.2 Market Segmentation
          4.2.1 Oilfield Equipment Rental Market By Equipment
          4.2.2 Oilfield Equipment Rental Market By Equipment Type
    4.3 Market Dynamics
          4.3.1 Drivers
                   4.3.1.1 Technological Advancements in Oilfield Equipments
                   4.3.1.2 Increase in Global Investments in E&P
                   4.3.1.3 Increasing Oil Prices Making Production At Uneconomical Fields Viable
                   4.3.1.4 Increased Drilling Activity
          4.3.2 Restraints
                   4.3.2.1 Customized Demands By Drillers
                   4.3.2.2 Uncertainty in Oil & Gas Industry
                   4.3.2.3 Falling Excess Capacity and Regional Disparities
                   4.3.2.4 Constrained Supply of Hydraulic Fracturing Sand
          4.3.3 Opportunities
                   4.3.3.1 Advanced Drilling Techniques
                   4.3.3.2 Shale Mining Revolution in the U.S.
                   4.3.3.3 New Explorations Near Arctic Circle and New Ultra Deep offshore Drilling
                   4.3.3.4 Growing Unconventional Hydrocarbon Market
          4.3.4 Challenges
                   4.3.4.1 Variation in Demand By End Users
                   4.3.4.2 Success Rate of Exploration
                   4.3.4.3 Requirements for Efficiency in Manufacturing Operations
          4.3.5 Burning Issues
                   4.3.5.1 Mining Accidents Such As Deep-Water Horizon incident in the Gulf of Mexico

5 Industry Trends (Page No. - 63)
    5.1 Introduction
    5.2 Supply Chain Analysis
    5.3 Industry Trends
    5.4 Porter’s Five forces Analysis
          5.4.1 Threat From New Entrants
          5.4.2 Threat From Substitutes
          5.4.3 Bargaining Power of Suppliers
          5.4.4 Bargaining Power of Buyers
          5.4.5 Intensity of Competitive Rivalry
    5.5 Strategic Benchmarking
          5.5.1 New Product & Services Launch

6 OER Market, By Type (Page No. - 72)
    6.1 Introduction
    6.2 Drilling Equipment to Drive OER Market
          6.2.1 Drilling Equipment
                  6.2.1.1 Shale Boom in North America
                  6.2.1.2 Drill Pipe to Boost Drilling Equipment Rental Market
                              6.2.1.2.1 Drillpipe
                              6.2.1.2.2 Drill Collar
                              6.2.1.2.3 Hevi-Wate
                              6.2.1.2.4 Subs
                              6.2.1.2.5 Other Drilling Equipment
          6.2.2 Pressure & Flow Control Equipment
                  6.2.2.1 Bops Most Rented Pressure Equipment
                              6.2.2.1.1 Bop
                              6.2.2.1.2 Valves & Manifolds
                              6.2.2.1.3 Other P&Fc Rental Equipment
          6.2.3 Fishing Equipment
          6.2.4 Other Rental Oilfield Equipment

7 Animal Feed Additives Market, By Geography (Page No. - 105)
    7.1 Introduction
    7.2 OER: Market Analysis
          7.2.1 North America to Drive Global OER Market
          7.2.2 North America
                   7.2.2.1 Increased Production Driving the OER Market in North America
                   7.2.2.2 Rising Oilfield Spending Fueling Market Growth
                   7.2.2.3 U.S.A is the Largest OER Market
                   7.2.2.4 U.S.
                               7.2.2.4.1 OER Market Driven By Rising Consumption Oil and Gas
                               7.2.2.4.2 U.S. Market is Experiencing High Growth
                   7.2.2.5 Canada
                               7.2.2.5.1 Canada Has Significant Unconventional Reserves
                               7.2.2.5.2 Unconventional Oil to Fuel the Future Growth in Canada
          7.2.3 Asia-Pacific
                   7.2.3.1 Rising Consumption Fueling E&P Activities
                   7.2.3.2 Increased Drilling Activity is the Prime Driver of Asia-Pacific Market
                   7.2.3.3 Chinese Market is the Leader in Oilfield Equipment Rental
                   7.2.3.4 China
                               7.2.3.4.1 Consumption is Driving E&P Growth
                               7.2.3.4.2 Drilling Equipment Are the Most Rented in China
                   7.2.3.5 Australia
                               7.2.3.5.1 Australia Has Huge Gas Reserves
                               7.2.3.5.2 Gas Exploration Increasing Drilling Activities Malaysia
                               7.2.3.5.3 offshore Production is Higher in Malaysia
                               7.2.3.5.4 Increased foreign Investment Acting As Growth Driver
                   7.2.3.6 India
                               7.2.3.6.1 India Focusing on More Domestic Production
                               7.2.3.6.2 Oilfield Spending is the Major Driver for Indian Market
                   7.2.3.7 Indonesia
                               7.2.3.7.1 Private Players Stimulating E&P Growth in Indonesia
                               7.2.3.7.2 More Drilling Equipment Are Rented in Indonesia
                   7.2.3.8 Rest of Asia-Pacific
                               7.2.3.8.1 Emerging Economies Driving Growth
                               7.2.3.8.2 Rest of Asia-Pacific Experiencing Significant Market Growth
          7.2.4 Europe & Eurasia
                   7.2.4.1 Europe Holds Third Place Globally in Terms of Reserves
                   7.2.4.2 Drilling Equipment Are the Most Rented in Europe
                   7.2.4.3 Russian Federation in the Biggest OER Market in Europe
                   7.2.4.4 Russian Federation
                               7.2.4.4.1 Russian Economy Driven By Energy Exports
                               7.2.4.4.2 Rising Production Increasing OER Market in Russia
                   7.2.4.5 Norway
                               7.2.4.5.1 Norway Has Significant offshore Reserves
                               7.2.4.5.2 Drilling Equipment Hold Major Share in Norway
                   7.2.4.6 U.K.
                               7.2.4.6.1 Fields in U.K. Are Maturing
                               7.2.4.6.2 Maturing Fields in U.K. Favoring More Renting
                   7.2.4.7 Kazakhstan 
                               7.2.4.7.1 Huge Reserve Potential in Kazakhstan
                               7.2.4.7.2 OER Market in Kazakhstan is Fuelled By E&P Activities
                   7.2.4.8 Rest of Europe & Eurasia
                               7.2.4.8.1 Considerable Reserves Exist in Europe
                               7.2.4.8.2 Rest of Europe& Eurasia Has Huge Growth Prospect
          7.2.5 Africa
                   7.2.5.1 Africa Has Substantial offshore Production
                   7.2.5.2 Market Scenario in Africa Favors Renting
                   7.2.5.3 Angola is the Emerging Market in Africa
                   7.2.5.4 Angola
                               7.2.5.4.1 Angola Has Huge Untapped Resources
                               7.2.5.4.2 Lack of infrastructure Favors Renting in Angola
                   7.2.5.5 Nigeria
                              7.2.5.5.1 Nigeria is A Major Producers of Oil in Africa
                              7.2.5.5.2 offshore Drilling Driving Market Growth
                   7.2.5.6 Algeria
                               7.2.5.6.1 Algeria is Ramping Up Production
                               7.2.5.6.2 Drilling Activities Are on Rise in Algeria
                   7.2.5.7 Egypt
                               7.2.5.7.1 Egyptian Production is increasing Again
                               7.2.5.7.2 Egypt is Growing Slowly At Present
                   7.2.5.8 Rest of Africa
                               7.2.5.8.1 Production is Rising in Rest of Africa
                               7.2.5.8.2 Better Growth Will Be Experienced in Future
          7.2.6 Latin America
                   7.2.6.1 Latin America Has Sizeable Oil & Gas Reserves
                   7.2.6.2 Drilling Equipment Are Experiencing Rampant Growth in Latin America
                   7.2.6.3 Brazil Dominates the Latin American Market
                   7.2.6.4 Brazil
                               7.2.6.4.1 Major offshore Activity in Brazil
                               7.2.6.4.2 Rising Demand Fueling Growth
                   7.2.6.5 Mexico
                               7.2.6.5.1 Mexico is A Net Oil Exporter
                               7.2.6.5.2 OER Market Driven By Drilling Equipment in Mexico
                   7.2.6.6 Venezuela
                               7.2.6.6.1 Venezuela is An Important Player in the Global Oil Market
                               7.2.6.6.2 Significant Growth Will Be Experienced in Venezuela
                   7.2.6.7 Rest of Latin America
                               7.2.6.7.1 Rest of Latin America Has Sizeable Reserves
                               7.2.6.7.2 Steady Growth Will Be Experienced in the Future
          7.2.7 Middle East
                   7.2.7.1 Middle East Has the Largest Oilfield Reserves
                   7.2.7.2 Middle East Has A Relatively Stable OER Market
                   7.2.7.3 Middle Eastern Market is Dominated By Iraq
                   7.2.7.4 Iraq
                               7.2.7.4.1 Huge Potential Waiting to Be Unlocked in Iraq
                               7.2.7.4.2 Iraq Will Experience Enormous Growth
                   7.2.7.5 Saudi Arabia
                               7.2.7.5.1 Largest Producer of Crude Oil is Saudi Arabia
                               7.2.7.5.2 Rising foreign Investments Will Experience Highest Growth
                   7.2.7.6 Iran
                               7.2.7.6.1 Iranian Production Will Decline More in Future
                               7.2.7.6.2 Geopolitics is Hampering Market Growth in Iran
                   7.2.7.7 Rest of Middle East
                               7.2.7.7.1 Production is Rising in Middle East
                               7.2.7.7.2 Better Growth Will Be Experienced in Future

8 Competitive Landscape (Page No. - 202)
    8.1 Company Analysis
          8.1.1 Company Presence, By Equipment
          8.1.2 Company Presence, By Geography
          8.1.3 Market Share Analysis
    8.2 Strategic Developments
          8.2.1 Mergers & Acquisitions : Major Part of Development in 2010-2014
          8.2.2 Mergers & Acquisitions
          8.2.3 New Product, Service & Technology Launch
          8.2.4 New Expansion Facility
          8.2.5 Contracts & Agreements
          8.2.6 Other Developments

9 Company Profiles (Page No. - 252)
    9.1 Halliburton Co.
          9.1.1 Business Overview
          9.1.2 Products & Services
          9.1.3 Key Strategies
          9.1.4 Recent Developments
          9.1.5 SWOT Analysis
          9.1.6 MNM View
    9.2 Superior Energy Services Inc.
          9.2.1 Business Overview
          9.2.2 Products & Services
          9.2.3 Key Strategies
          9.2.4 Recent Developments
          9.2.5 SWOT Analysis
          9.2.6 MNM View
    9.3 Oil States International Inc.
    9.4 FMC Technologies
    9.5 Weatherford International Ltd.
    9.6 Parker Drilling Co.
    9.7 Seventy Seven Energy Inc. (Chesapeake Energy Corporation)
          9.7.1 Business Overview
          9.7.2 Products & Services
          9.7.3 Key Strategy
          9.7.4 Recent Developments
 
 
 
List of Tables (110 Tables)

Table 1 Investment in Oil & Gas E&P, By Region, 2012-2013
Table 2 Average Crude Oil Prices, By Types, 2009 – 2014 ($/Barrel)
Table 3 Global Technically Recoverable Shale Gas Reserve
Table 4 Industry Trends: Focusing on Unconventional Oil Sources
Table 5 OER Market Revenue, By Equipment, 2011 – 2019 ($Million)
Table 6 Drilling: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 7 Drilling: Equipment Rental Market Revenue, By Types, 2011 – 2019 ($Million)
Table 8 Drillpipe: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 9 Drill Collars: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 10 Hevi-Wate: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 11 Subs: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 12 Others: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 13 P&Fc: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 14 P&Fc: Equipment Rental Market Revenue, By Types, 2011 – 2019 ($Million)
Table 15 Bops: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 16 Valves & Manifolds: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 17 Others: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 18 Fishing tools: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 19 Other: Equipment Rental Market Revenue, By Geography, 2011 – 2019 ($Million)
Table 20 OER Market Revenue, By Geography, 2012 - 2019 ($Million)
Table 21 North America: Oil  Production & Consumption, 2009 – 2013 (Million Tonnes)
Table 22 North America: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 23 North America: Drilling Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 24 North America: P&Fc Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 25 North America: OER Market Revenue, By Countries, 2012 - 2019  ($Million)
Table 26 U.S: Oil  Production & Consumption, 2009 – 2013 (MMBOE)
Table 27 U.S: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 28 Canada: Oil  Production & Consumption, 2009 – 2013 (MMBOE)
Table 29 Canada: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 30 Asia-Pacific: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 31 Asia-Pacific: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 32 Asia-Pacific: Drilling Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 33 Asia-Pacific: P&Fc Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 34 Asia-Pacific: OER Market Revenue, By Countries, 2012 - 2019 ($Million)
Table 35 China: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 36 China: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 37 Australia: Oil Scenario, 2009 – 2013 (MMBOE) 
Table 38 Australia: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 39 Malaysia: Oil  Production & Consumption, 2009 – 2013 (MMBOE)
Table 40 Malaysia: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 41 India: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 42 India: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 43 Indonesia: Oil  Production & Consumption, 2009 – 2013 (MMBOE)
Table 44 Indonesia: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 45 Rest of Asia-Pacific : Oil  Production & Consumption, 2009 – 2013 (MMBOE)
Table 46 Rest of Asia-Pacific: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 47 Europe & Eurasia : Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 48 Europe : OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 49 Europe & Eurasia: Drilling Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 50 Europe & Eurasia: P&Fc Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 51 Europe & Eurasia: OER Market Revenue, By Countries, 2012 - 2019 ($Million)
Table 52 Russian Federation: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 53 Russian Federation: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 54 Norway: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 55 Norway: OER Market Revenue, By Equipment, 2012 - 2019  ($Million)
Table 56 U.K: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 57 U.K: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 58 Kazakhstan: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 59 Kazakhstan: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 60 Rest of Europe & Eurasia: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 61 Rest of Europe & Eurasia: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 62 Africa: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 63 Africa: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 64 Africa: Drilling Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 65 Africa: P&Fc Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 66 Africa: OER Market Revenue, By Countries, 2012 - 2019 ($Million)
Table 67 Angola: Oil Consumption, 2009 – 2013 (MMBOE)
Table 68 Angola: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 69 Nigeria: Oil Production, 2009 – 2013 (MMBOE)
Table 70 Nigeria: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 71 Algeria:, Oil Production & Consumption 2009 - 2013 (MMBOE)
Table 72 Algeria: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 73 Egypt: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 74 Egypt: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 75 Rest of Africa: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 76 Rest of Africa: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 77 Latin America: Oil Consumption & Production, 2009 – 2013 (MMBOE)
Table 78 Latin America: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 79 Latin America: Drilling Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 80 Latin America: P&Fc Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 81 Latin America: OER Market Revenue, By Countries 2012 - 2019 ($Million)
Table 82 Brazil: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 83 Brazil: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 84 Mexico: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 85 Mexico: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 86 Venezuela: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 87 Venezuela: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 88 Rest of Latin America: Oil Production & Consumption, 2009– 2013 (MMBOE)
Table 89 Rest of Latin America: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 90 Middle East: Oil Production & Consumption, 2009 – 13 (MMBOE)
Table 91 Middle East: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 92 Middle East: Drilling Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 93 Middle East: P&Fc Equipment Rental Market Revenue, By Types, 2012 - 2019 ($Million)
Table 94 Middle East: OER Market Revenue, By Countries, 2012 - 2019 ($Million)
Table 95 Iraq: Oil Production , 2009 – 2013 (MMBOE)
Table 96 Iraq: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 97 Saudi Arabia: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 98 Saudi Arabia: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 99 Iran: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 100 Iran: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 101 Rest of Middle East: Oil Production & Consumption, 2009 – 2013 (MMBOE)
Table 102 Rest of Middle East: OER Market Revenue, By Equipment, 2012 - 2019 ($Million)
Table 103 Equipment Wise Company Analysis
Table 104 Geography Wise Company Analysis
Table 105 Supply Contract, 2010 - 2014 
Table 106 Mergers & Acquisitions, 2010-2014 
Table 107 New Product, Service & Technology Launch, 2010 – 2014
Table 108 New Expansion Facility, 2010-2014
Table 109 Contracts & Agreements, 2010 - 2014
Table 110 Other Developments, 2010 – 2014


List of Figures (52 Figures)

Figure 1 Global Oilfield Equipment Market By Types
Figure 2 OER By Grography, 2013
Figure 3 OER, By Equipment 2013
Figure 4 Global Oilfield Equipment Rental Market Segmentation
Figure 5 OER Market, By Geography 2013
Figure 6 OER Market, By Equipment 2013
Figure 7 Geographical Presence of OER Market, 2013
Figure 8 Global OER Market Revenue Trend By Geography, 2010-2019
Figure 9 Global OER Market Revenue, By Geography & Countries, 2013 ($Million)
Figure 10 OER Market Share, By Equipment, 2019
Figure 11 Market Share Analysis for Top 20 Companies, 2012
Figure 12 Competitive Developments, By Years, 2010 – 2014
Figure 13 Competitive Developments, By Types, 2010 – 2014
Figure 14 Growth Strategies of Top 5 Companies, 2010 – 2014
Figure 15 Oilfield Equipment Rental Market Segmentation: By Equipment
Figure 16 Oilfield Equipment Rental Market Segmentation: By Equipment Type
Figure 17 Global Subsea Oil & Gas Capex, By Region, 2005-2016
Figure 18 Total World Oil Reserves
Figure 19 Region-Wise Oil Wells Drilled in 2012
Figure 20 Shale Gas Production Projections, 1990-2040
Figure 21 Oil & Gas Discoveries, 2013
Figure 22 Supply Chain:
Figure 23 Porter’s Five forces Analysis (2013)
Figure 24 Strategic Benchmarking: Schlumberger and Weatherford Have Recognized the Increasing Importance of Shale Mining and Have Specifically Launched Products & Services to Strengthen their Portfolio
Figure 25 OER Market Segmentation, By Equipment
Figure 26 OER Market Share, By Equipment, 2013
Figure 27 OER Market Share, By Equipment, 2018
Figure 28 OER Market Segmentation, By Drilling Equipment
Figure 29 OER Market Segmentation, By Pressure & Flow Control Equipment
Figure 30 OER Market Segmentation, By Geography
Figure 31 OER Market Share, By Geography, 2014
Figure 32 OER Market Size V/S Growth Analysis, By Geography, 2013 – 2019
Figure 33 Market Share Analysis for Top 20 Companies, 2013
Figure 34 Competitive Developments, By Types, 2010 – 2014
Figure 35 Competitive Developments, By Years, 2010 – 2014
Figure 36 Growth Strategies of Top 5 Companies, 2010 – 2014
Figure 37 Mergers & Acquisitions, 2010 – 2014
Figure 38 Mergers & Acquisitions, 2010 - 2014
Figure 39 New Product,Service & Technology Launch, 2010-2014
Figure 40 New Expansion Facility, 2010-2014
Figure 41 Contracts & Agreements , 2010 - 2014
Figure 42 Others, 2010 – 2014
Figure 43 Schlumberger:SWOT Analysis:
Figure 44 Halliburton Co. Business Overview
Figure 45 Halliburton: SWOT Analysis
Figure 46 Superior Energy Services Inc.: Business Overview
Figure 47 SWOT Analysis : Superior Energy Services
Figure 48 Oil States International Inc.: Business Overview
Figure 49 Oil States International : SWOT Analysis:
Figure 50 FMC Technologies: Business Overview
Figure 51 FMC Technologies: SWOT Analysis:
Figure 52 Seventy Seven Energy Inc. (Chesapeake Energy Corporation ): Business Overview

The oilfield equipment rental market will grow from an estimated $ 26,818 million in 2014 to $53,706 million by 2019 with a CAGR of 14.9% from 2014 to 2019.

Most oilfield equipments are so expensive that it is better for the companies to rent instead of purchasing them. Renting provides significant savings over capital investment and helps in curtailing the inventory costs as well as the infrastructure to store the same. It also minimizes downtime, and hence the capital can be utilized for more profitable ventures.

The global oilfield rental equipment market is projected to exhibits high growth on an account of rising oil & gas prices and increased E&P activities, influenced by rising energy demand. The revenue for OER market was $23,300 million globally for the year 2013. The market is estimated to grow with a projected CAGR of 14.9%, owing to extensive drilling activities being carried out globally.

North America holds major market share followed by Asia-Pacific and Europe & Eurasia. In terms of individual countries, the market is dominated by U.S. on account of its flourishing drilling activities due to an increased focus on unconventional shale plays. Africa is projected to have the highest CAGR during next five years due to an increase in offshore E&P activities. Asia-Pacific market will be driven by increasing drilling activity especially in Australia, China, Russia and India. Whereas the flourishing oil & gas industry and increase in E&P spending will drive the growth in Latin American market due to the drilling activities taking place in Brazil.

Drilling equipment holds the major market share due to their wide usage among the various types of oilfield equipments. The factors driving growth in the OER market are increasing drilling activity; rising oil prices (which compensate for the uneconomical field productivity affinity of the oilfield operators to rent rather than buy the oilfield equipment, and advancement in technology. All these factors hugely favor renting of the oilfield tools. OER is a highly developing market despite having a large base due to growing energy demand.

Global Oilfield Equipment Rental Market, by Geography, 2014 ($Million)

Oilfield Equipment Rental Market

Source: MarketsandMarkets Analysis

The oilfield rental industry is very fragmented and offers opportunities for consolidation. This can be seen by the several major M&A activities taking place in the industry, as well as subsidiary formation by big players for the purpose of renting. There are very few industry leaders disconcerted over the optimal growth strategy for this market. In this industry, most of the players are very small and local rental companies.

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). Approximately one third of the market is captured by top 20 players.

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