Oilfield Services Market

Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region - Global Forecast to 2022

Report Code: EP 2487 May, 2017, by marketsandmarkets.com

The global oilfield services market is projected to grow at a CAGR of 3.35%, from 2017 to 2022, to reach a market size of USD 125.51 Billion by 2022. This growth is attributed to increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions.

The report segments the oilfield services market, on the basis of application, into onshore and offshore. The growth of this segment is primarily driven by new exploration and production activities being carried out in offshore areas.  This would ultimately create new revenue pockets for the market during the forecast period. Oilfield services plays a critical role in challenging environmental conditions such as HPHT and unconventional reservoirs.

The oilfield services market has been segmented, based on services, into pressure pumping services, well completion equipment & services, coiled tubing services, well intervention, and other services. The pressure pumping services sub-segment, within the services segment, led the market in 2016, and is projected to dominate the market during the forecast period. The well completion equipment & services segment is expected to grow at the fastest rate during the forecast period.

Oilfield Services Market

In this report, the oilfield services market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The market in North America is expected to dominate the global market, during the forecast period, owing to increased oil & gas exploration activities, especially in the U.S. Fluctuating focus on renewable energy could be a restraint for the market, leading to declining profits.

Leading players in the market of oilfield services include Baker Hughes Incorporated (U.S.), Halliburton Company (U.S.), Schlumberger Limited (U.S.), Weatherford International, PLC (Switzerland), Superior Energy Services, Inc. (U.S.), and GE Oil & Gas (U.K.). New product and technology launches and contracts & agreements were the strategy most commonly adopted by top players, constituting 35.47% of the total developments, from 2013 to 2017. It was followed by new product developments, expansions, and mergers & acquisitions.

Oilfield Services Market

The fluctuating crude oil prices, are the major restraints for the market.

The oil & gas industry is susceptible to crude oil price fluctuations affecting the demand for oil as well all its related markets. The competition between the U.S. and the OPEC countries, particularly because of the shale gas revolution, has been one of the factors for the oil price plunge in the recent years. The crude oil prices plummeted to less than USD 30 a barrel in February 2016 after having seen a peak of over USD 110 a barrel in September 2013. From July 2014, prices fell sharply and continued to be at lower level causing sharp CAPEX cuts in 2015, and 2016. The industry shifted their focus towards cost optimization and extremely thin spend on new activities effecting heavily any demand growth across upstream oil and gas activities. The current year, 2018, is witnessing fairly stabilized crude oil prices around USD 70 a barrel bringing alive the upstream spending to an extent.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Countries Covered
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
                    2.1.1.2 Key Data From Primary Sources
                    2.1.1.3 Key Industry Insights
                    2.1.1.4 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Oilfield Services Market Overview
    4.2 Market, By Application
    4.3 Market of Oilfield Services , By Service Type & Region
    4.4 Market, By Service Type (2017)

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Shale Gas Extraction
                    5.2.1.2 Lifting of Iranian Oil Export Sanctions
                    5.2.1.3 Increase in Oil & Gas Production
           5.2.2 Restraints
                    5.2.2.1 Decline in Drilling Activities and Rig Count
                    5.2.2.2 Fluctuating Crude Oil Prices
                    5.2.2.3 Increasing Focus on Renewable Energy
           5.2.3 Opportunities
                    5.2.3.1 New Oilfield Discoveries
                    5.2.3.2 Redevelopment of Aging Reservoirs
           5.2.4 Challenges
                    5.2.4.1 Strict Government Regulations on E&P Activities
    5.3 Supply Chain Overview
           5.3.1 Key Influencers

6 Market, By Application (Page No. - 47)
    6.1 Introduction
    6.2 Market Analysis
           6.2.1 Onshore
                    6.2.1.1 Introduction
                    6.2.1.2 Well Intervention Services
                    6.2.1.3 Well Completion Services
           6.2.2 Offshore
                    6.2.2.1 Introduction
                    6.2.2.2 Well Intervention Services
                    6.2.2.3 Well Completion Services

7 Market, By Service (Page No. - 56)
    7.1 Introduction
    7.2 Pressure Pumping Services
           7.2.1 North America
           7.2.2 Asia-Pacific
           7.2.3 Europe
           7.2.4 South America
           7.2.5 The Middle East
           7.2.6 Africa
    7.3 Oil Country Tubular Goods
           7.3.1 North America
           7.3.2 Asia-Pacific
           7.3.3 Europe
           7.3.4 South America
           7.3.5 The Middle East
           7.3.6 Africa
    7.4 Wireline Services
           7.4.1 North America
           7.4.2 Asia-Pacific
           7.4.3 Europe
           7.4.4 South America
           7.4.5 The Middle East
           7.4.6 Africa
    7.5 Well Completion Equipment & Services
           7.5.1 North America
           7.5.2 Asia-Pacific
           7.5.3 Europe
           7.5.4 South America
           7.5.5 The Middle East
           7.5.6 Africa
    7.6 Well Intervention Services
           7.6.1 North America
           7.6.2 Asia-Pacific
           7.6.3 Europe
           7.6.4 South America
           7.6.5 The Middle East
           7.6.6 Africa
    7.7 Drilling & Completion Fluid Services
           7.7.1 North America
           7.7.2 Asia-Pacific
           7.7.3 Europe
           7.7.4 South America
           7.7.5 The Middle East
           7.7.6 Africa
    7.8 Drilling Waste Management Services
           7.8.1 North America
           7.8.2 Asia-Pacific
           7.8.3 Europe
           7.8.4 South America
           7.8.5 The Middle East
           7.8.6 Africa
    7.9 Coiled Tubing Services
           7.9.1 North America
           7.9.2 Asia-Pacific
           7.9.3 Europe
           7.9.4 South America
           7.9.5 The Middle East
           7.9.6 Africa

Oilfield Services Market, By Region (Page No. - 107)
    8.1 Introduction
    8.2 North America
    8.3 Asia-Pacific
    8.4 Europe
    8.5 South America
    8.6 The Middle East
    8.7 Africa

9 Competitive Landscape (Page No. - 120)
    9.1 Overview
    9.2 Market Share Analysis, Market, 2016
    9.3 Competitive Situation & Trends
    9.4 Vendor Dive Matrix
           9.4.1 Vanguards (Market Leaders)
           9.4.2 Innovators
           9.4.3 Dynamic
           9.4.4 Emerging
    9.5 Analysis of the Product Portfolio of Major Players in the Oilfiled Services Market (26 Companies)
    9.6 Business Strategy Adopted By Major Players in the Market (26 Companies)

10 Company Profiles (Page No. - 131)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View)*
     10.1 Baker Hughes Incorporated
     10.2 Halliburton Company
     10.3 Schlumberger Limited
     10.4 Weatherford International, PLC
     10.5 Superior Energy Services, Inc.
     10.6 National Oilwell Varco, Inc.
     10.7 China Oilfield Services Limited (COSL)
     10.8 Archer Limited
     10.9 Expro International Group Holdings, Ltd.
     10.10 Technipfmc, PLC
     10.11 GE Oil & Gas
     10.12 Trican Well Service, Ltd.
     10.13 Welltec International APS
     10.14 Basic Energy Services, Inc.
     10.15 Nabors Industries, Ltd.
     10.16 Pioneer Energy Services Corp.
     10.17 Qinterra as
     10.18 Scomi Energy Services BHD
     10.19 Nordic Well Services, LLC
     10.20 Condor Energy Services Limited
     10.21 The Engineering and Development Group
     10.22 Gyrodata Incorporated
     10.23 Oilserv
     10.24 Almansoori Petroleum Services
     10.25 Calfrac Well Services, Ltd.
     10.26 Key Energy Services, Inc.

*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 251)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (83 Tables)

Table 1 Global Oilfield Services Market Snapshot
Table 2 Oilfield Service Market Size, By Application, 2015–2022 (USD Million)
Table 3 Onshore: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Well Intervention Services Market Size, By Application, 2015–2022 (USD Million)
Table 5 Onshore Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 6 Well Completion Services Market Size, By Application, 2015–2022 (USD Million)
Table 7 Onshore Well Completion Market Size, By Region, 2015–2022 (USD Million)
Table 8 Offshore: Market Size, By Region, 2015–2022 (USD Million)
Table 9 Offshore Well Intervention Market Size, By Region, 2015–2022 (USD Million)
Table 10 Offshore Well Completion Market Size, By Region, 2015–2022 (USD Million)
Table 11 Oilfield Service Market Size, By Service Type, 2015–2022 (USD Million)
Table 12 Oilfield Service Market Analysis: By Services
Table 13 Pressure Pumping Market Size, By Region, 2015–2022 (USD Million)
Table 14 North America: Pressure Pumping Services Market Size, By Country, 2015–2022 (USD Million)
Table 15 Asia-Pacific: Pressure Pumping Services Market Size, By Country, 2015–2022 (USD Million)
Table 16 Europe: Pressure Pumping Services Market Size, By Country, 2015–2022 (USD Million)
Table 17 South America: Pressure Pumping Services Market Size, By Country, 2015–2022 (USD Million)
Table 18 The Middle East: Pressure Pumping Services Market Size, By Country, 2015–2022 (USD Million)
Table 19 Africa: Pressure Pumping Services Market Size, By Country, 2015–2022 (USD Million)
Table 20 Oil Country Tubular Goods Market Size, By Region, 2015–2022 (USD Million)
Table 21 North America: Oil Country Tubular Goods Market Size, By Country, 2015–2022 (USD Million)
Table 22 Asia-Pacific: Oil Country Tubular Goods Market Size, By Country, 2015–2022 (USD Million)
Table 23 Europe: Oil Country Tubular Goods Market Size, By Country, 2015–2022 (USD Million)
Table 24 South America: Oil Country Tubular Goods Market Size, By Country, 2015–2022 (USD Million)
Table 25 The Middle East: Oil Country Tubular Goods Market Size, By Country, 2015–2022 (USD Million)
Table 26 Africa: Oil Country Tubular Goods Market Size, By Country, 2015–2022 (USD Million)
Table 27 Wireline Services Market Size, By Region, 2015–2022 (USD Million)
Table 28 North America: Wireline Services Market Size, By Country, 2015–2022 (USD Million)
Table 29 Asia-Pacific: Wireline Services Market Size, By Country, 2015–2022 (USD Million)
Table 30 Europe: Wireline Services Market Size, By Country, 2015–2022 (USD Million)
Table 31 South America: Wireline Services Market Size, By Country, 2015–2022 (USD Million)
Table 32 The Middle East: Wireline Services Market Size, By Country, 2015–2022 (USD Million)
Table 33 Africa: Wireline Services Market Size, By Country, 2015–2022 (USD Million)
Table 34 Well Completion Equipment & Services Market Size, By Region, 2015–2022 (USD Million)
Table 35 North America: Well Completion Equipment & Services Market Size, By Country, 2015–2022 (USD Million)
Table 36 Asia-Pacific: Well Completion Equipment & Services Market Size, By Country, 2015–2022 (USD Million)
Table 37 Europe: Well Completion Equipment & Services Market Size, By Country, 2015–2022 (USD Million)
Table 38 South America: Well Completion Equipment & Services Market Size, By Country, 2015–2022 (USD Million)
Table 39 The Middle East: Well Completion Equipment & Services Market Size, By Country, 2015–2022 (USD Million)
Table 40 Africa: Well Completion Equipment & Services Market Size, By Country, 2015–2022 (USD Million)
Table 41 Well Intervention Services Market Size, By Region, 2015–2022 (USD Million)
Table 42 North America: Onshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 43 North America: Offshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 44 Asia-Pacific: Onshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 45 Asia-Pacific: Offshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 46 Europe: Onshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 47 Europe: Offshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 48 South America: Onshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 49 South America: Offshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 50 The Middle East: Onshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 51 The Middle East: Offshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 52 Africa: Onshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 53 Africa: Offshore Well Intervention Services Market Size, By Country, 2015–2022 (USD Million)
Table 54 Drilling & Completion Fluid Services Market Size, By Region, 2015–2022 (USD Million)
Table 55 North America: Drilling & Completion Fluid Services Market Size, By Country, 2015–2022 (USD Million)
Table 56 Asia-Pacific: Drilling & Completion Fluid Services Market Size, By Country, 2015–2022 (USD Million)
Table 57 Europe: Drilling & Completion Fluid Services Market Size, By Country, 2015–2022 (USD Million)
Table 58 South America: Drilling & Completion Fluid Services Market Size, By Country, 2015–2022 (USD Million)
Table 59 The Middle East: Drilling & Completion Fluid Services Market Size, By Country, 2015–2022 (USD Million)
Table 60 Africa: Drilling & Completion Fluid Services Market Size, By Country, 2015–2022 (USD Million)
Table 61 Drilling Waste Management Services Market Size, By Region, 2015–2022 (USD Million)
Table 62 North America: Drilling Waste Management Services Market Size, By Country, 2015–2022 (USD Million)
Table 63 Asia-Pacific: Drilling Waste Management Services Market Size, By Country, 2015–2022 (USD Million)
Table 64 Europe: Drilling Waste Management Services Market Size, By Country, 2015–2022 (USD Million)
Table 65 South America: Drilling Waste Management Services Market Size, By Country, 2015–2022 (USD Million)
Table 66 The Middle East: Drilling Waste Management Services Market Size, By Country, 2015–2022 (USD Million)
Table 67 Africa: Drilling Waste Management Services Market Size, By Country, 2015–2022 (USD Million)
Table 68 Coiled Tubing Services Market Size, By Region, 2015–2022 (USD Million)
Table 69 North America: Coiled Tubing Services Market Size, By Country, 2015–2022 (USD Million)
Table 70 Asia-Pacific: Coiled Tubing Services Market Size, By Country, 2015–2022 (USD Million)
Table 71 Europe: Coiled Tubing Services Market Size, By Country, 2015–2022 (USD Million)
Table 72 South America: Coiled Tubing Services Market Size, By Country, 2015–2022 (USD Million)
Table 73 The Middle East: Coiled Tubing Services Market Size, By Country, 2015–2022 (USD Million)
Table 74 Africa: Coiled Tubing Services Market Size, 2015–2022 (USD Million)
Table 75 Oilfield Services Market Size, By Region, 2015–2022 (USD Million)
Table 76 Oilfield Services Market Analysis: By Region
Table 77 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 78 Asia-Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 79 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 80 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 81 The Middle East: Market Size, By Country, 2015–2022 (USD Million)
Table 82 Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 83 Service Offerings


List of Figures (111 Figures)

Figure 1 Oilfield Services Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 The North American Market Dominated the Market in 2016
Figure 6 Onshore Segment Dominated the Market in 2016
Figure 7 Top Market Developments (2014–2017)
Figure 8 Increase in Oil & Gas Production Activities & Shale Gas Exploration are Expected to Drive the Market During the Forecast Period
Figure 9 The Onshore Oilfield Services Segment is Expected to Lead the Market During the Forecast Period
Figure 10 The North American Market Held More Than Half of the Share of the Market in 2016
Figure 11 The Pressure Pumping Services Segment is Expected to Account for the Maximum Share
Figure 12 Market Dynamics: Market
Figure 13 Shale Reservoir Assessment in 2015
Figure 14 Iran Oil Production
Figure 15 World Crude Oil Annual Production vs Consumption, 2011–2015
Figure 16 World Crude Oil Annual Production, 2015–2018
Figure 17 Natural Gas Production in China, Canada, and the U.S.
Figure 18 Global Rig Count, 2010–2016
Figure 19 West Texas Intermediate (WTI) Crude Oil Price, 2013–2017
Figure 20 Investment in Renewable Energy, By Sector, 2014 & 2015
Figure 21 Investment in Renewable Energy, By Region, 2014 & 2015
Figure 22 Oilfield Service Market Supply Chain
Figure 23 The Offshore Application Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 24 The Onshore Well Completion Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 25 The Offshore Well Intervention Segment is Expected to Grow at the Highest Rate During the Forecast Period
Figure 26 Oilfield Service Market Share (Value), By Service (2017–2022)
Figure 27 Pressure Pumping Services Market Share (Value), By Region (2017–2022)
Figure 28 Oil Country Tubular Goods Market Share (Value), By Region (2017–2022)
Figure 29 Wireline Services Market Share (Value), By Region (2017–2022)
Figure 30 Well Completion Equipment & Services Market Share (Value), By Region (2017–2022)
Figure 31 Well Intervention Services Market Share (Value), By Region (2017–2022)
Figure 32 Coiled Tubing Services Market Share (Value), By Region (2017)
Figure 33 Regional Snapshot (2016): The Markets in Africa & Asia-Pacific are Emerging as New Hotspots
Figure 34 The Middle East is the Fastest-Growing Market, 2017–2022
Figure 35 North America: Market Snapshot
Figure 36 Asia-Pacific: Market Snapshot
Figure 37 Companies Adopted New Product & Techchnology Launches and Contracts & Agreements as Key Growth Strategies, 2014–2017
Figure 38 Schlumberger Limited Held the Largest Share in the Oilfield Service Market, 2016
Figure 39 Oilfield Service Market Evaluation Framework, 2014–2017
Figure 40 Battle for Market Share (2014–2017): New Product & Technology Launches & Contracts & Agreements Were the Key Strategies Adopted By Players in the Oilfield Service Market
Figure 41 Oilfield Service Market: Vendor Dive Matrix
Figure 42 Baker Hughes Incorporated: Company Snapshot
Figure 43 Baker Hughes Incorporated: Product Offerings Scorecard
Figure 44 Baker Hughes Incorporated: Business Strategy Scorecard
Figure 45 Halliburton Company: Company Snapshot
Figure 46 Halliburton Company: Product Offerings Scorecard
Figure 47 Halliburton Company: Business Strategy Scorecard
Figure 48 Schlumberger Limited: Company Snapshot
Figure 49 Schlumberger Limited: Product Offerings Scorecard
Figure 50 Schlumberger Limited: Business Strategy Scorecard
Figure 51 Weatherford International, PLC: Company Snapshot
Figure 52 Weatherford International, PLC: Product Offerings Scorecard
Figure 53 Weatherford International, PLC: Business Strategy Scorecard
Figure 54 Superior Energy Services, Inc.: Company Snapshot
Figure 55 Superior Energy Services, Inc.: Product Offerings Scorecard
Figure 56 Superior Energy Services, Inc.: Business Strategy Scorecard
Figure 57 National Oilwell Varco, Inc.: Company Snapshot
Figure 58 National Oilwell Varco, Inc.: Product Offerings Scorecard
Figure 59 National Oilwell Varco, Inc.: Business Strategy Scorecard
Figure 60 China Oilfield Services Limited: Company Snapshot
Figure 61 China Oilfield Services Limited: Product Offerings Scorecard
Figure 62 China Oilfield Services Limited: Business Strategy Scorecard
Figure 63 Archer Limited: Company Snapshot
Figure 64 Archer Limited: Product Offerings Scorecard
Figure 65 Archer Limited: Business Strategy Scorecard
Figure 66 Expro International Group Holdings, Ltd.: Company Snapshot
Figure 67 Expro International Group Holdings, Ltd.: Product Offeringsscorecard
Figure 68 Expro International Group Holdings, Ltd.: Business Strategy Scorecard
Figure 69 Technipfmc, PLC: Product Offerings Scorecard
Figure 70 Technipfmc, PLC: Business Strategy Scorecard
Figure 71 GE Oil & Gas: Company Snapshot
Figure 72 GE Oil & Gas: Product Offerings Scorecard
Figure 73 GE Oil & Gas: Business Strategy Scorecard
Figure 74 Trican Well Service, Ltd.: Company Snapshot
Figure 75 Trican Well Service, Ltd.: Product Offerings Scorecard
Figure 76 Trican Well Service, Ltd.: Business Strategy Scorecard
Figure 77 Welltec International APS: Company Snapshot
Figure 78 Welltec International APS: Product Offerings Scorecard
Figure 79 Welltec International APS: Business Strategy Scorecard
Figure 80 Basic Energy Services, Inc.: Company Snapshot
Figure 81 Basic Energy Services, Inc.: Product Offerings Scorecard
Figure 82 Basic Energy Services, Inc.: Business Strategy Scorecard
Figure 83 Nabors Industries, Ltd.: Company Snapshot
Figure 84 Nabors Industries, Ltd.: Product Offerings Scorecard
Figure 85 Nabors Industries, Ltd.: Business Strategy Scorecard
Figure 86 Pioneer Energy Services Corp.: Company Snapshot
Figure 87 Pioneer Energy Services Corp.: Product Offerings Scorecard
Figure 88 Pioneer Energy Services Corp.: Business Strategy Scorecard
Figure 89 Qinterra As: Product Offerings Scorecard
Figure 90 Qinterra As: Business Strategy Scorecard
Figure 91 Scomi Energy Services BHD: Company Snapshot
Figure 92 Scomi Energy Services BHD: Product Offerings Scorecard
Figure 93 Scomi Energy Services BHD: Business Strategy Scorecard
Figure 94 Nordic Well Services, LLC: Product Offerings Scorecard
Figure 95 Nordic Well Services, LLC: Business Strategy Scorecard
Figure 96 Condor Energy Services Limited: Product Offerings Scorecard
Figure 97 Condor Energy Services Limited: Business Strategy Scorecard
Figure 98 The Engineering and Development Group: Product Offerings Scorecard
Figure 99 The Engineering and Development Group: Business Strategy Scorecard
Figure 100 Gyrodata Incorporated: Product Offerings Scorecard
Figure 101 Gyrodata Incorporated: Business Strategy Scorecard
Figure 102 Oilserv: Product Offerings Scorecard
Figure 103 Oilserv: Business Strategy Scorecard
Figure 104 Almansoori Petroleum Services: Product Offerings Scorecard
Figure 105 Almansoori Petroleum Services: Business Strategy Scorecard
Figure 106 Calfrac Well Services, Ltd.: Company Snapshot
Figure 107 Calfrac Well Services, Ltd.: Product Offerings Scorecard
Figure 108 Calfrac Well Services, Ltd.: Business Strategy Scorecard
Figure 109 Key Energy Services, Inc.: Company Snapshot
Figure 110 Key Energy Services, Inc.: Product Offerings Scorecard
Figure 111 Key Energy Services, Inc.: Business Strategy Scorecard

This study involved 4 major activities in estimating the current size of the oilfield services market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the global oilfield services market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases. Secondary research has been mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives.

Primary Research

The oilfield services market comprises several stakeholders, such as, equipment manufacturers, service providers and end-users in the supply chain. The demand-side of this market is characterized by its end-users, namely, the oilfield operators / owners, drilling contractors, and others. The supply-side is characterized by various equipment manufacturers, and oilfield service providers. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. The breakdown of primary respondents is given below:

Oilfield Services Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global oilfield services market and its dependent submarkets. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the oilfield services market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the oil & gas upstream sector.

Report Objectives

  • To define, describe, and forecast the global oilfield services market by application, services, and region
  • To provide detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges related to the market)
  • To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of each segment to the market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To forecast the market size of segments with respect to six major regions (along with countries), namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa
  • To strategically profile key players and comprehensively analyze their market shares and core competencies for the market
  • To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and expansions in the market

Scope of the Report

Report Metric

Details

Market Size available for years

2015–2022

Base year considered

2016

Forecast period

2017–2022

Forecast units

Value (USD)

Segments covered

service, application, and region

Geographies covered

Asia Pacific, North America, Europe, the Middle East, Africa, and South America

Companies covered

Baker Hughes (US), Halliburton (US), Schlumberger (US), Weatherford (Switzerland), Superior Energy Services (US), National Oilwell Varco (US), China Oilfield Services Limited (China), Archer Limited (Bermuda), Expro International Group Holdings (UK), TechnipFMC (UK), GE Oil & Gas (UK), Trican Well Service (Canada), Welltec International (Denmark), Basic Energy Services (US), Nabors Industries (Bermuda),
Pioneer Energy Services (US), Qinterra (Norway), Scomi Energy Services (Malaysia), Nordic Well Services (UAE), Condor Energy Services (Australia), The Engineering and Development Group (EDGO) (Jordan), Gyrodata Incorporated (US), OILSERV (UAE), AlMansoori Petroleum Services (UAE), Calfrac Well Services (Canada), and Key Energy Services (US)

This research report categorizes the oilfield services market on the basis of service, application, and region.

On the basis of Service:

  • Coiled Tubing Services
  • Well Completion Equipment & Services
  • Drilling & Completion Fluids Services
  • Drilling Waste Management Services
  • Oil Country Tubular Goods
  • Pressure Pumping Services
  • Well Intervention Services
  • Wireline Services

On the basis of Application:

  • Onshore
  • Offshore

On the basis of Region:

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

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:

Regional Analysis

  • Further breakdown of region or country-specific analysis

Company Information

  • Detailed analyses and profiling of additional market players (up to 5)
Report Code
EP 2487
Published ON
May, 2017
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