Oilfield services companies offer a range of services and applications such as formation evaluation, well construction, casing and cementing services, completion and stimulation, production, and artificial lift activities. The size and scope of the oilfield services companies vary widely. Large companies may offer multiple oilfield services; however, smaller companies may specialize in a single service. Oilfield services companies are granted contracts by the E&P companies to perform operations at a single well or multiple wells or for different wells located in different reservoirs. Technavio’s analysts forecast the global oilfield services market to grow at a CAGR of 3.63% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global oilfield services market for 2017-2021. To calculate the market size, the report considers the oilfield service market value and exclude oilfield service equipment aftermarket and repairs.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Oilfield Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors • Aker Solutions • AKOFS OFFSHORE • ALTUS Intervention • Axis Well Technology • Blue Spark Energy • Calfrac Well Services • China Oilfield Services • Danum Well Services • DeepWell • Expro Group • Frontier Oilfield Services • Gulf Intervention Services DMCC • Key Energy Services • Kinetic Services • Nabors Industries • Nordic Well Services • Oceaneering International • Peak Well Systems • Superior Energy Services • The Weir Group • TechnipFMC • Welltec • Wild Well Control • WISE Intervention Services • Workover Solutions
Market driver • Rise in drilling in unconventional areas • For a full, detailed list, view our report
Market challenge • Decline in oil rig count • For a full, detailed list, view our report
Market trend • New-generation automated drilling rigs • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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