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Oilfield Services Market projected to $144 Billion by 2020


Oilfield services market report has been segmented on the basis of the services offered which include coiled tubing services, completion equipment & services, well intervention services, pressure pumping services, OCTG, drilling waste management services, drilling & completion fluids services, and wireline services. The use of oilfield service such as well intervention services aid in undertaking remediation operations (well cleanup) which can revive the declining oil & gas production. Other services such as pressure pumping services are used for well stimulation and for completing a well. Moreover, wireline services are used for perforating applications, deployment optimization of downhole tools, and casing setting among others. – PowerPoint PPT presentation

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Title: Oilfield Services Market projected to $144 Billion by 2020

Oilfield Services Market by Type and Region -
Global Forecast to 2020
Oilfield Services Market by Type (Coiled Tubing,
Well Completion, Well Intervention, Pressure
Pumping, OCTG, Drilling Waste Management,
Drilling Completion Fluids, and Wireline ),
by Region - Global trends Forecast to
2020. The global oil and gas production has
increased over the last five years from 81.149
Million barrels per day in 2009 to 88.673 Million
barrels per day in 2014. And reduction mainly
impacted the upstream exploration and production
(EP) activities. Consequently, the oil and gas
operators have reduced their capital expenditure
outlook for 2015 citing concerns over low profit
margins. However, the expected increase in
production from petroleum rich nations such as
Saudi Arabia, Russia, and the U.S. has resulted
in higher demand for production based
services. PDF Brochure http//www.marketsandma

Oilfield Services gain maximum traction during
the forecast period This report has a
comprehensive analysis of key companies and the
recent developments in the industry related to
the oilfield services market. The report has been
studied with reference to the industrial trends
through Porters Five Forces, market drivers,
restraints, opportunities, and challenges have
been presented in detail. Request for
Customization http//www.marketsandmarkets.com/r
Browse gtgt 88 market data
tables 48 figures
199 pages and in-depth TOC on Oilfield
Services - Global Forecast to 2020 Early buyers
will receive 10 customization on this
report. This is a Premium Report Priced at US
5650 for single user. Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
Oilfield Services to grow at the highest rate
during the forecast period Oilfield services
refer to the services that aid the oil gas
operators in EP activities. The oilfield
services typically cater to the entire well
lifecycle starting from the exploratory phase up
to the plugging abandonment phase. The low
crude oil prices have created a demand for
optimizing production from existing oilfields and
to operate at an economical rate. In June 2015,
the OPEC member countries decided to leave their
collective production targets unchanged at 30
million barrels per day. With continued increase
in the oil and gas production in the near future,
the market for oilfield services is expected to
grow at a CAGR of 5.0 from 2015 to 2020 reaching
to 144.36 Billion by 2020. Request Sample _at_
  • Target Audience
  • Material suppliers and producers
  • Oilfield services providers
  • Local government
  • Market research and consulting firms
  • Speak to analyst _at_ http//www.marketsandmarkets.co

Key players Leading players of the market such
as Schlumberger Limited (U.S.), Halliburton
Company (U.S.), Baker Hughes Incorporated (U.S),
Weatherford International (Ireland), National
Oilwell Varco (U.S.), and Superior Energy
Services (U.S.) have been profiled to provide the
scenario of the competitiveness in the oilfield
services market. Strategic expansions and planned
mergers and acquisitions have helped companies
enhance their product portfolio in different
regions whereas agreements, contracts, joint
ventures, and partnerships have been among the
key policies adopted by the companies to increase
their market share.
ContactMr. Rohan MarketsandMarkets INC.701
Pike Street Suite 2175, Seattle, WA 98101,
United States USA 1-888-600-6441 Email
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