DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Oilfield Services Market by Application, Service and Region - Global Forecast to 2022" report to their offering.
The oilfield services market is projected to reach USD 125.51 billion by 2022, at a CAGR of 3.35%, from 2017 to 2022
Increased oil & gas production, shale gas extraction, and lifting of Iranian oil export sanction are the major drivers of the oilfield services market.
Increasing efforts in exploring new oilfields where all significant oilfield services such as well intervention and well completion equipment & services, among others are used, are one of the major drivers that would drive the oilfield services market. In the oilfield services market, fluctuating oil prices could hinder the growth of the market.
The well completion equipment & services oilfield services sub-segment, within the services segment, is expected to grow at the highest CAGR, from 2017 to 2022.
The well completion equipment & services oilfield services sub-segment, within the services segment, would grow at the highest CAGR, during 2017 to 2022, whereas, the pressure pumping oilfield services market led the oilfield services market in 2016 and is projected to dominate the market during the forecast period.
The pressure pumping services sub-segment is used for applications such as well cementing which is used in the wellbore to complete wellbore operations. Increasing drilling activities for extraction of oil & gas has raised the demand for EOR and advanced drilling technologies, further increasing the demand for pressure pumping services.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Oilfield Services Market, By Application
7 Oilfield Services Market, By Service
8 Oilfield Services Market, By Region
9 Competitive Landscape
10 Company Profiles
- Almansoori Petroleum Services
- Archer Limited
- Baker Hughes Incorporated
- Basic Energy Services, Inc.
- Calfrac Well Services, Ltd.
- China Oilfield Services Limited (COSL)
- Condor Energy Services Limited
- Expro International Group Holdings, Ltd.
- GE Oil & Gas
- Gyrodata Incorporated
- Halliburton Company
- Key Energy Services, Inc.
- Nabors Industries, Ltd.
- National Oilwell Varco, Inc.
- Nordic Well Services, LLC
- Pioneer Energy Services Corp.
- Qinterra as
- Schlumberger Limited
- Scomi Energy Services BHD
- Superior Energy Services, Inc.
- Technipfmc, PLC
- The Engineering and Development Group
- Trican Well Service, Ltd.
- Weatherford International, PLC
- Welltec International APS
For more information about this report visit http://www.researchandmarkets.com/research/3nzwrp/oilfield_services