Energy and Power

Global Oilfield Services Market 2016-2020

  • TEC443005
  • 76 Pages
  • February 2016
  • Energy and Power
About Oilfield Services

The oilfield services (OFS) market consists of a diverse set of services such as exploration, drilling, production, and completion. The market is unpredictable, as it is vulnerable to oil and gas price fluctuations. Despite this vulnerability, oilfield services providers are investing in and developing new technologies to boost production. These new technologies, such as enhanced oil recovery (EOR) and vertical drilling, reduce drilling time and enable efficient extraction of oil. Further, operational costs are being reduced through faster completion times and cleaner processing methods. Such developments are encouraging further investments.

Technavios analysts forecast the global oilfield services market to grow at a CAGR of 4.67% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global oilfield services market for 2016-2020. It provides a detailed study of both onshore and offshore applications, along with revenue and growth patterns. The report also discusses the different services offered in the market

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Oilfield Services Market 2016-2020, 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.

Key vendors
Schlumberger
Halliburton
Weatherford International
National Oilwell Varco
Baker Hughes

Other prominent vendors
China Oilfield Services
Saipem
Petrofac
Transocean
Fluor
Worley Parsons

Market driver
Rise in global oil and gas consumption
For a full, detailed list, view our report

Market challenge
High cost of production
For a full, detailed list, view our report

Market trend
Growth in oil and gas upstream investments
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 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?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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