DUBLIN, Sept. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/lmsf2w/oilfield_services) has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline ), & by Region - Global trends & Forecast to 2020" report to their offering.
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.
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.
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.
Oilfield services are also segmented on the basis of applications which include onshore applications and offshore applications. Onshore applications involve the use of oilfield services on land based oil & gas wells whereas offshore applications involve the use of oilfield services on oil & gas wells located under a water body which could be a lake, river, sea, or an ocean.
With the environment optimum for mergers & acquisitions, major oilfield services providers such as Baker Hughes and Schlumberger have embarked on acquiring competitors or undertaking backward integration.
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 Type
8 Oilfield Services Market, By Region
9 Competitive Landscape
10 Company Profiles
- Archer Limited
- Baker Hughes Incorporated
- Basic Energy Services Inc.
- Calfrac Well Services Ltd.
- Expro International Group
- Halliburton Company
- Key Energy Services
- Nabors Industries Ltd.
- National Oilwell Varco, Inc.
- Pioneer Energy Services
- Precision Drilling Corporation
- Schlumberger Limited
- Superior Energy Services Inc.
- Trican Well Service Ltd.
- Weatherford International Ltd.
For more information visit http://www.researchandmarkets.com/research/lmsf2w/oilfield_services
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SOURCE Research and Markets