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.

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 will also provide an accurate analysis of the contribution of the various segments to the growth of the oilfield services market size. By services, the good completion equipment & services segment is projected to reach US$ xx Mn by 2027 thanks to the growing volume of drilling activities for finishing the incomplete wells.

By region, North America Oilfield Services Market was valued US$ xx Mn. in 2019 and is expected to reach a value of US$ xx Mn. by 2027, with a CAGR of 60% during the forecast period. Thanks to increased demand for oilfield services in the USA. The US Oilfield Services Market is expected to grow at 18% CAGR to be valued at US$ xx Mn. by 2027 because of rising shale gas exploration and growing offshore oil E&P activities in the region, particularly in Mexico.

In APAC, the market for oilfield services in China is expected to grow at 39% CAGR to be valued at $ 70 million by 2027 thanks to the largest producer of crude oil in China. Chinese oil and gas state-owned company, China National Offshore Oil Corporation i.e. CNOOC, is planning to drill 132 investigative wells. Likewise, Oil & Natural Gas Corporation Limited (ONGC), an oil & gas company in India has made a finding of natural gas in the Gulf of Kutch and is projected to start production within 2 to 3 years.

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 objective of the report is to present a comprehensive analysis of the Global Oilfield Services Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
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.
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

Global Oilfield Services Market Request For View Sample Report Page :@https://www.maximizemarketresearch.com/request-sample/69728

About Us:

Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
Email: [email protected]
Contact: +919607065656 / +919607195908
Website:www.maximizemarketresearch.com