The "Global
Oilfield Services (OFS) Market - Growth, Trends, and Forecast (2018 -
2023)" report has been added to ResearchAndMarkets.com's
offering.
The global oilfield services market is expected to grow significantly
during the forecast period on account of the increasing need to improve
productivity from mature and new reserves, increasing focus on
developing unconventional hydrocarbons, and increasing investments in
deepwater and ultra-deepwater projects.
There has been a drastic decrease in the rig count globally since 2014,
and this fall has been reflected in demand for oilfield services in the
past few years, till 2016. However, the OFS market had picked up
relatively well in 2017. North America still has the most number of
rigs, worldwide, followed by the Middle East. With padbased horizontal
drilling in the United States becoming more the trend, rig count on land
in North America has become less meaningful.
Rig efficiency is on the rise in the United States; the number of wells
a rig can drill each year is increasing at a significant rate. The
number of wells drilled is the accurate measure of demand for OFS. The
need to improve productivity from mature and new reserves, increasing
demand for energy & petrochemicals, growing investments, deep-water
exploration in North & Norwegian seas, and technological advancements
are some of the factors driving the OFS market.
Key Developments in the Market
-
July 2017: Halliburton Company announced the acquisition of Summit
ESP, a leading provider of electric submersible pump (ESP) technology
and services. The addition of Summit's artificial lift offerings and
industry-leading customer service strengthens Halliburton's artificial
lift portfolio for its global customers.
Key Topics Covered
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Supply Chain Analysis
6. Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Profiles
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Baker Hughes Inc.
-
Schlumberger Ltd
-
Halliburton
-
Halliburton
-
FMC Technologies Inc.
10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/qrzhb2/global_oilfield?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180503006436/en/
Copyright Business Wire 2018
Source: Business Wire
(May 3, 2018 - 2:53 PM EDT)
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