HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: May 2014
Report Code: EP 2487

 

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The growing demand for energy with an increase in the number of investments of offshore and unconventional exploration and production activities are expected to drive the global oilfield services market. It is estimated to reach $291.8 billion by 2019, with a CAGR of 11.9% from 2014 to 2019. The latest exploration and highly advanced technology required in African and Asia-Pacific regions are expected to experience the highest revenue growth during the next five years.

The major oilfield services market includes pressure pumping, OCTG, wireline services, drilling & completion fluids, well intervention, completion equipment, and others. Pressure pumping services accounted for about 37% share of the total market in 2013. Pressure pumping is the propagation of fractures through layers of rock using pressurized fracturing fluid, before pumping the cement into the well bore to complete it. This technique is primarily used in the extraction of resources from low permeability reservoirs such as shale gas, tight gas, and unconventional liquids, which are difficult to recover through regular drilling procedures. Pressure pumping services are provided by oilfield service companies (such as Halliburton) to oil and gas companies (such as Shell).

The OCTG and wireline services have the second and third biggest market share as of 2013, with 26% and 11%, respectively. In terms of geographic regions, North America, Asia-Pacific, and Europe were the biggest markets with 52%, 21%, and 9% shares, respectively, in 2013. The oilfield services market is mainly concentrated in North America, where many leading companies like Schlumberger (U.S.), Halliburton (U.S), Baker Hughes (U.S) and various other medium and small players, operate.

Oilfield Services Market: Market Size, by Type, 2013

Oilfield Services Market

Source: Secondary Research, Expert Interviews and MarketsandMarkets Analysis

This oilfield services market report identifies the major players in the market through secondary and primary research based on the evaluation of their market shares. This includes a study of the annual reports of the top market players and interviews with key opinion leaders such as CEOs, directors, and marketing executives.

The size of the overall market is determined by forecasting techniques based on oilfield services demand in different regions, which is validated through primary sources. The market size for various types of oilfield services is determined and evaluated using primary and secondary research. The market data is available from 2012 to 2019, with a CAGR from 2014 to 2019.

Oilfield services market report analyzes various marketing trends and establishes the most-effective growth strategy. It identifies market dynamics such as drivers, opportunities, burning issues, and winning imperatives. Major companies such as Schlumberger, Halliburton, Baker Hughes, and Weatherford have also been profiled in this report.

Scope of the report:

On basis of services type:

  • Coiled Tubing Services
  • Completion Equipment & Services
  • Drilling & Completion Fluids
  • Drilling Waste Management
  • OCTG
  • Pressure Pumping Services
  • Well Intervention Services
  • Wireline Services

On basis of geography:

  • Asia-Pacific
  • Europe
  • The Middle East
  • Africa
  • North America
  • South America

Table Of Contents
 
1 Introduction (Page No. - 18)
    1.1 Report Description
    1.2 Market Definitions
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Market Size
          1.5.2 Key Data Taken From Secondary Sources
          1.5.3 Key Data Taken From Primary Sources
          1.5.4 Assumptions Made for This Report

2 Executive Summary (Page No. - 24)

3 Premium Insights (Page No. - 26)
    3.1 North America Dominating the Global Market
    3.2 Pressure Pumping Services Dominates the Global Oilfield Services Market
    3.3 Maximum Growth for Regional Markets
    3.4 Well Intervention & Wireline Services Are Expected to Dominate the Market in Future

4 Market Overview (Page No. - 31)
    4.1 Introduction
    4.2 Market Segmentation
          4.2.1 By Type
          4.2.2 By Geography
    4.3 Market Dynamics
          4.3.1 Drivers
                  4.3.1.1 Increasing Drilling & Completion Activities
                  4.3.1.2 Discoveries of New Oil & Gas Field
                  4.3.1.3 Increasing Oil & Gas Demand Globally
                  4.3.1.4 Technological Developments and Exploration Activities for Shale Gas and CBM
                  4.3.1.5 Increased Expenditure From Oil & Gas Companies Accelerates offshore Exploration Activities
          4.3.2 Market Restraint
                  4.3.2.1 Plunge in the Number of Refineries
                  4.3.2.2 Regulatory Challenges and Environmental Issues
                  4.3.2.2.1 High Environmental Risks
                  4.3.2.2.2 Strict Government Regulations
          4.3.3 Market Opportunities
                  4.3.3.1 Increased Investment for Exploration and Production
                  4.3.3.2 Synchronization With Growing Investment in the Energy and Power Sector
    4.4 Burning Issue
          4.4.1 High Risk Business and Lack of Technical Professionals
    4.5 Winning Imperative
          4.5.1 Revitalization of Aging Brown Fields
    4.6 Value Chain Analysis
          4.6.1 Equipment Manufacturers
          4.6.2 Service Providers
          4.6.3 Oil Field Operators
    4.7 Porter’s Five force Analysis
          4.7.1 Threat of New Entrants
          4.7.2 Threat of Substitutes
          4.7.3 Suppliers’ Power
          4.7.4 Buyers’ Power
          4.7.5 Degree of Competition

5 Oilfield Services Market, By Type (Page No. - 53)
    5.1 Introduction
    5.2 Oilfield Services Market, By Type
    5.3 Coiled Tubing Services
          5.3.1 Coiled Tubing Services, By Geography
                  5.3.1.1 Asia-Pacific Coiled Tubing Services, By Country
                  5.3.1.2 Europe Coiled Tubing Services, By Country
                  5.3.1.3 Middle East Coiled Tubing Services, By Country
                  5.3.1.4 Africa Coiled Tubing Services, By Country
                  5.3.1.5 North America Coiled Tubing Services, By Country
                  5.3.1.6 South America Coiled Tubing Services, By Country
    5.4 Completion Equipment & Services
          5.4.1 Completion Equipment & Services,  By Geography
                  5.4.1.1 Asia-Pacific Completion Equipment & Services, By Country
                  5.4.1.2 Europe Completion Equipment & Services, By Country
                  5.4.1.3 Middle East Completion Equipment & Services, By Country
                  5.4.1.4 Africa Completion Equipment & Services, By Country
                  5.4.1.5 North America Completion Equipment & Services, By Country
                  5.4.1.6 South America Completion Equipment & Services, By Country
    5.5 Drilling & Completion Fluids Services
          5.5.1 Drilling & Completion Fluids Services, By Geography
                  5.5.1.1 Asia-Pacific Drilling & Completion Fluids Services, By Country
                  5.5.1.2 Europe Drilling & Completion Fluids Services, By Country
                  5.5.1.3 Middle East Drilling & Completion Fluids Services, By Country
                  5.5.1.4 Africa Drilling & Completion Fluids Services, By Country
                  5.5.1.5 North America Drilling & Completion Fluids Services, By Country
                  5.5.1.6 South America Drilling & Completion Fluids Services, By Country
    5.6 Drilling Waste Management Services
          5.6.1 Drilling Waste Management Services, By Geography
                  5.6.1.1 Asia-Pacific Drilling Waste Management Services, By Country
                  5.6.1.2 Europe Drilling Waste Management Services, By Country
                  5.6.1.3 Middle East Drilling Waste Management Services, By Country
                  5.6.1.4 Africa Drilling Waste Management Services, By Country
                  5.6.1.5 North America Drilling Waste Management Services, By Country
                  5.6.1.6 South America Drilling Waste Management Services, By Country
    5.7 Oil Country Tubular Goods (OCTG)
          5.7.1 OCTG, By Geography
                  5.7.1.1 Asia-Pacific OCTG, By Country
                  5.7.1.2 Europe OCTG, By Country
                  5.7.1.3 Middle East OCTG, By Country
                  5.7.1.4 Africa OCTG, By Country
                  5.7.1.5 North America OCTG, By Country
                  5.7.1.6 South America OCTG, By Country
    5.8 Pressure Pumping
          5.8.1 Pressure Pumping, By Geography
                  5.8.1.1 Asia-Pacific Pressure Pumping Market, By Country
                  5.8.1.2 Europe Pressure Pumping Market, By Country
                  5.8.1.3 Middle East Pressure Pumping Market, By Country
                  5.8.1.4 Africa Pressure Pumping Market, By Country
                  5.8.1.5 North America Pressure Pumping Market,By Country
                  5.8.1.6 South America Pressure Pumping Market Size, By Country
    5.9 Well Intervention
          5.9.1 Well Intervention Services, By Geography
          5.9.2 Well Intervention Services, By Application
          5.9.3 Onshore Well Intervention Services, By Geography
                  5.9.3.1 Asia-Pacific Onshore Well Intervention Services, By Country
                  5.9.3.2 Europe Onshore Well Intervention Services, By Country
                  5.9.3.3 Middle East Onshore Well Intervention Services, By Country
                  5.9.3.4 Africa Onshore Well Intervention Services, By Country
                  5.9.3.5 North America Onshore Well Intervention Services, By Country
                  5.9.3.6 South America Onshore Well Intervention Services, By Country
          5.9.4 offshore Well Intervention Services,  By Geography
    5.10 Wireline Services
          5.10.1 Wireline Services Market, By Geography
                  5.10.1.1 Asia-Pacific Wireline Services, By Country
                  5.10.1.2 Europe Wireline Services, By Country
                  5.10.1.3 Middle East Wireline Services, By Country
                  5.10.1.4 Africa Wireline Services, By Country
                  5.10.1.5 North America Wireline Services, By Country
                  5.10.1.6 South America Wireline Services, By Country

6 Oilfield Services Market, By Geography (Page No. - 133)
    6.1 Introduction
    6.2 Oilfield Services, By Geography
          6.2.1 Asia-Pacific Oilfield Services, By Type
          6.2.2 Europe Oilfield Services, By Type
          6.2.3 Middle East Oilfield Services, By Type
          6.2.4 Africa Oilfield Services, By Type
          6.2.5 North America Oilfield Services, By Type
          6.2.6 South America Oilfield Services, By Type

7 Competitive Landscape (Page No. - 150)
    7.1 Introduction
    7.2 Key Players of Oilfield Services Market
          7.2.1 List of Key Players
          7.2.2 Key Companies Focus Area
                  7.2.2.1 Growth Strategies in Oilfield Services Market
    7.3 New Product/Service/Technology Development Lead the Way
    7.4 Market Share Analysis and Rankings
          7.4.1 Coiled Tubing Services
          7.4.2 Completion Equipment & Services
          7.4.3 Drilling & Completion Fluids
          7.4.4 Drilling Waste Management Services
          7.4.5 OCTG
          7.4.6 Pressure Pumping Services
          7.4.6.1 North America
          7.4.6.2 Rest of the World
          7.4.7 Well Intervention Services
          7.4.8 Wireline Services
    7.5 New Product/Service/Technology Development
    7.6 Expansion
    7.7 Mergers & Acquisitions
    7.8 Contract & Agreements
 
8 COmpany Profiles (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)* (Page No. - 180)
    8.1 Baker Hughes
    8.2 Halliburton
    8.3 Expro International Group
    8.4 Key Energy Services
    8.5 Nabors Industries Ltd
    8.6 National Oilwell Varco, Inc.
    8.7 Pioneer Energy Services
    8.8 Schlumberger
    8.9 Superior Energy Services
    8.10 Weatherford International Ltd

*Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.
 
List of Tables (86 Tables)

Table 1 Oilfield Units: Manufacturers & Service Providers
Table 2 Global New Discoveries, By Geography, 2013
Table 3 Technically Recoverable Shale Oil Reserves, By Major Countries, 2013 (Billion Bbl)
Table 4 Technically Recoverable Shale Gas Reserves, By Major Countries, 2013 (Tcf)
Table 5 Oil & Gas Investment Change, 2012–2013 ($Billion)
Table 6 Oilfield Services Market Size, By Type, 2012-2019 ($Million)
Table 7 Coiled Tubing Services Market Size, By Geography, 2012-2019 ($Million)
Table 8 Asia-Pacific: Coiled Tubing Services Market Size, By Country, 2012-2019 ($Million)
Table 9 Europe: Coiled Tubing Services Market Size,  By Country, 2012-2019 ($Million)
Table 10 Middle East: Coiled Tubing Services Market Size,  By Country, 2012-2019 ($Million)
Table 11 Africa: Coiled Tubing Services Market Size, By Country,  2012-2019 ($Million)
Table 12 North America: Coiled Tubing Services Market Size, By Country, 2012-2019 ($Million)
Table 13 South America: Coiled Tubing Services Market Size, By Country, 2012-2019 ($Million)
Table 14 Completion Equipment & Services Market Size,  By Geography, 2012-2019 ($Million)
Table 15 Asia-Pacific: Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 16 Europe: Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 17 Middle East: Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 18 Africa: Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 19 North America: Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 20 South America: Completion Equipment & Services Market Size, By Country, 2012-2019 ($Million)
Table 21 Drilling Fluids Services Market Size, By Geography, 2012-2019 ($Million)
Table 22 Asia-Pacific: Drilling Fluid Services Market Size, By Country, 2012-2019 ($Million)
Table 23 Europe: Drilling Fluid Services, By Country, 2012-2019 ($Million)
Table 24 Middle East: Drilling Fluid Services, By Country, 2012-2019 ($Million)
Table 25 Africa: Drilling Fluid Services, By Country, 2012-2019 ($Million)
Table 26 North America: Drilling Fluid Service, By Country, 2012-2019 ($Million)
Table 27 South America: Drilling Fluid Services, By Country, 2012-2019 ($Million)
Table 28 Drilling Waste Management Services, By Geography, 2012-2019 ($Million)
Table 29 Asia-Pacific: Drilling Waste Management Services Market Size, By Country, 2012-2019 ($Million)
Table 30 Europe: Drilling Waste Management Services,  By Country 2012-2019 ($Million)
Table 31 Middle East: Drilling Waste Management Services, By Country, 2012-2019 ($Million)
Table 32 Africa: Drilling Waste Management Services,  By Country, 2012-2019 ($Million)
Table 33 North America: Drilling Waste Management Services, By Country, 2012-2019 ($Million)
Table 34 South America: Drilling Waste Management Services, By Country, 2012-2019 ($Million)
Table 35 OCTG Market Size, By Geography, 2012-2019 ($Million)
Table 36 Asia-Pacific: OCTG Market Size, By Country, 2012-2019 ($Million)
Table 37 Europe OCTG Market Size, By Country, 2012-2019 ($Million)
Table 38 Middle East: OCTG Market Size, By Country, 2012-2019 ($Million)
Table 39 Africa: OCTG Market Size, By Country, 2012-2019 ($Million)
Table 40 North America: OCTG Market Size, By Country, 2012-2019 ($Million)
Table 41 South America: OCTG Market Size, By Country, 2012-2019 ($Million)
Table 42 Pressure Pumping Market Size, By Geography, 2012-2019 ($Million)
Table 43 Asia-Pacific: Pressure Pumping Market Size, By Country, 2012-2019 ($Million)
Table 44 Europe: Pressure Pumping Market Size, By Country, 2012-2019 ($Million)
Table 45 Middle East: Pressure Pumping Market Size, By Country, 2012-2019 ($Million)
Table 46 Africa: Pressure Pumping Market, By Country, 2012-2019 ($Million)
Table 47 North America: Pressure Pumping Market Size, By Country, 2012-2019 ($Million)
Table 48 South America: Pressure Pumping Market Size, By Country, 2012-2019 ($Million)
Table 49 Well Intervention Services Market Size, By Geography, 2012-2019 ($Million)
Table 50 Well Intervention Services Market Size, By Application,  2012-2019 ($Million)
Table 51 Onshore Well Intervention Services Market Size, By Application, 2012-2019 ($Million)
Table 52 Asia-Pacific: Onshore Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 53 Europe: Onshore Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 54 Middle East: Onshore Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 55 Africa: Onshore Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 56 North America: Onshore Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 57 South America: Onshore Well Intervention Services Market Size, By Country, 2012-2019 ($Million)
Table 58 offshore Well Intervention Services Market Size, By Application, 2012-2019 ($Million)
Table 59 Wireline Services Market Size, By Geography, 2012-2019 ($Million)
Table 60 Asia-Pacific: Wireline Services Market, By Country, 2012-2019 ($Million)
Table 61 Europe: Wireline Services Market Size, By Country, 2012-2019 ($Million)
Table 62 Middle East: Wireline Services Market Size, By Country, 2012-2019 ($Million)
Table 63 Africa: Wireline Services Market Size, By Country, 2012-2019 ($Million)
Table 64 North America: Wireline Services Market Size, By Country,  2012-2019 ($Million)
Table 65 South America: Wireline Services Market Size, By Country, 2012-2019 ($Million)
Table 66 Oilfield Services Market Size, By Geography, 2012-2019 ($Million)
Table 67 Asia-Pacific: Oilfield Services Market Size, By Type, 2012-2019 ($Million)
Table 68 Europe: Oilfield Services Market Size, By Type, 2012-2019 ($Million)
Table 69 Middle East: Oilfield Services Market Size, By Type, 2012-2019 ($Million)
Table 70 Africa: Oilfield Services Market Size, By Type, 2012-2019 ($Million)
Table 71 North America: Oilfield Services Market Size, By Type, 2012-2019 ($Million)
Table 72 South America: Oilfield Services Market Size, By Type, 2012-2019 ($Million)
Table 73 New Product/Service/Technology Development, 2012-2014
Table 74 Expansion, 2012-2014
Table 75 Mergers & Acquisitions, 2012-2014
Table 76 Contracts & Agreements, 2012-2014
Table 77 Baker Hughes: Products & Services
Table 78 Halliburton: Products & Services
Table 79 Expro International: Products &Services
Table 80 Key Energy Services: Products & Services
Table 81 Nabors Industries Ltd: Products & Services
Table 82 National Oilwell Varco: Products & Services
Table 83 Pioneer Energy Services: Products & Services
Table 84 Schlumberger: Products & Services
Table 85 Superior Energy Services: Proucts & Services
Table 86 Weatherford International Ltd.: Products & Services


List of Figures (32 Figures)

Figure 1 Oilfield Services Market Size,By Geography, 2014 & 2019 ($Million)
Figure 2 Oilfield Service Market Size & Market Share (Value): Regional Scenario, 2013
Figure 3 Oilfield Services Market Share (Value): Type of Services Scenario in 2013 & 2019
Figure 4 Oilfield Services: Market Size, 2014 ($Million) and Market Growth Rate, 2014 – 2019 (Cagr%), By Geography
Figure 5 Oilfield Services: Market Dynamics, By Service, (Market Size and Growth Rate)
Figure 6 Oilfield Services Market Share (Value), By Type, 2013
Figure 7 Oilfield Services Market Share (Value), By Geography, 2013
Figure 8 Distribution in Various Segments of Drilling Activities,2013
Figure 9 Value Chain Analysis of Wireline Services Market
Figure 10 Porter’s Five force Analysis
Figure 11 Oilfield Services Market Share (Value),  By Type, 2013 ($Million)
Figure 12 Oilfield Service Market Size, By Geography, 2013 ($Million)
Figure 13 Oilfield Services Market Share, By Growth Strategy, 2012-2014
Figure 14 CT Services: Market Share(Value) Analysis,  By Company, 2013
Figure 15 Market Share (Value)Analysis, By Company, 2013
Figure 16 Market Share(Value) Analysis, By Company, 2013
Figure 17 Drilling Waste Management Market Share Analysis(Value), By Company, 2013
Figure 18 Market Share (Value) Analysis, By Company, 2013
Figure 19 North America Pressure Pumping Market Share(Value) Analysis,By Company, 2013
Figure 20 Rest of the World Pressure Pumping Market Share(Value) Analysis, By Company, 2013
Figure 21 Well Intervention Market Share(Value) Analysis, 2013
Figure 22 Market Share (By Value) Analysis: By Company, 2013
Figure 23 New Product/Service/Technology Development, 2012-2014
Figure 24 Expansion, 2012-2014
Figure 25 Mergers & Acquisitions, 2012-2014
Figure 26 Contract & Agreements, 2012-2014
Figure 27 Baker Hughes: SWOT Analysis
Figure 28 Halliburton: SWOT Analysis
Figure 29 National Oilwell Varco: SWOT Analysis
Figure 30 Schlumberger: SWOT Analysis
Figure 31 Superior Energy Services: SWOT Analysis
Figure 32 Weatherford: SWOT Analysis

The oilfield services market will be worth $291.8 billion by 2019, signifying a firm annualized growth rate of 11.9% from 2014 to 2019.

The oilfield services required during the various phases of a well’s lifecycle include drilling, completion, stimulation, intervention, production and others. They are provided by oilfield service companies to the various oil and natural gas companies. In this report, the market is analyzed on the basis of the types of services offered by the companies to support exploration and production activities. Latin America and Asia Pacific are the fastest-growing markets over the next five years, and hence, there are growth prospects for the oilfield services market in these regions. While the North American market is near its maturity stage, the movement in the market will be subjected mainly to the competition.

As a potential driver that can increase recoverable resources, exploration and production are important for the oilfield services market. The oilfield market continues to grow at an increasing pace, as oil and gas operators continue to discover new oil and gas field reserves where these services are required. The requirement to maintain and boost recovery rates from unconventional resources has increased and will continue to do so. In order to maintain and boost production, advanced services will play a key role in the future of the unconventional oil and gas market.

The figure below shows the regional oilfield services market share by value as of 2013.

Oilfield Services Market Share, by Region 2013

Oilfield Services Market

Source: Secondary Research, Expert Interviews and MarketsandMarkets Analysis

Currently, North America dominates the oilfield services market. This dominance is seen as a result of the continuous and large activities seen in the Americas’ unconventional gas and oil market. Unconventional gas recovery and its growth are important drivers for the growth of the pressure pumping market. North America has the highest market share due to favorable regulations in the region.

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