Oilfield Services Market- Industry Analysis and forecast 2019-2027

Posted by rahul on January 22nd, 2021

Global Oilfield Services Market was valued nearly US$ xx Bn. in 2019 and the total revenue is expected to grow at 4.2% through 2019 to 2027, reaching US$ xx Bn.

Global Oilfield Services Market

The report covers an in-depth analysis of COVID 19 pandemic impact on Global Oilfield Services Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market. The COVID-19 pandemic has decreased the demand for oil & gas significantly. The worldwide lockdown has made all productions to shut down to prevent the spread of the virus.

Oilfield service is used for the treatment of oil by many scientific techniques. It aids purify the natural gas attained from reservoirs, eliminating its inherent impurities. It helps operators control the control of borehole erosion, subsurface pressures, minimize formation damage, and optimize drilling parameters that contain the hole cleaning and penetration rate.

The MMR report covers all the trends and technologies playing a major role in the growth of the oilfield services market over the forecast period. Ongoing trend observed in the oilfield services market is technological developments and introduction of laser drilling techniques in oil & gas industry, because of benefits like accuracy, precision drilling, high ROP, single diameter borehole, etc. Additionally, the discovery of new oilfields, M&A, and recent licenses and product launches are likely to provide significant opportunities in the oilfield services market globally. On the other hand, strict government regulations on E and P activities, variations in crude oil costs, and shortage of skilled labour are estimated to hamper the growth of oilfield services market to some extent.

The MMR report also focuses on global major leading industry players of the global oilfield services market providing information such as company profiles, production, cost, and revenue. Such as, Weatherford launched Centro, which is a complete method that is used to succeed the complex well site processes across the globe popularly in 2020. It offers the consolidated data in real-time that authorizations the advanced domain observing and live analytics.

The report also helps in understanding Global Oilfield Services Market dynamics, structure by analyzing the market segments and projects the Global Oilfield Services Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Oilfield Services Market make the report investor’s guide.

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Scope of the Global Oilfield Services Market

Global Oilfield Services Market, By Application

• Onshore
• Offshore
Global Oilfield Services Market, By Services

• Well completion equipment and Services
• Well intervention services
• Coiled tubing services
• Pressure pumping services
• OCTG
• Wireline Services
Global Oilfield Services Market, By Region

• North America
o US
o Canada
• Europe
o UK
o France
o Germany
o Italy
o Spain
o Norway
o Russia
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Malaysia
o Indonesia
o Vietnam
• South America
o Mexico
o Brazil
o Argentina
• Middle East and Africa
o GCC Countries
o South Africa
o Nigeria
o Egypt
Key players operating in the Global Oilfield Services Market

• Schlumberger Ltd.
• Halliburton Ltd.
• Baker Hughes Incorporate
• Weatherford International Ltd.
• Nabors Industries Ltd.
• Superior Energy Services Inc.
• Trican Well Service Ltd.
• Precision Drilling Corporation
• SGS S.A.
• Fluor
• Transocean
• Saipem
• Petrofac
• Oil States Industries
• BJ Services Company

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