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Oilfield Services Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Diebold Nixdorf Inc. Fifth Third Bancorp Fujitsu Ltd.
Oilfield Services Market
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The depletion of existing oil and gas reserves is pushing energy companies outward, fueling a surge in exploration and production (E&P) activities in uncharted territories. For instance, in April 2024, Valeura Energy Inc. achieved three oil discoveries in the Gulf of Thailand, validating the successful migration of oil into the Nong Yao D area and identifying new reservoir zones. Exploration also yielded promising results north of the Wassana field. The company plans infill drilling to boost near-term production and anticipates further exploration to capitalize on expanding opportunities within its asset portfolio. This expansion, encompassing both land and offshore environments, presents unique geological challenges. To overcome these hurdles, companies rely heavily on the expertise of oilfield services providers. These specialists offer a comprehensive suite of services, ranging from sophisticated seismic surveys to pinpoint potential reserves, to the drilling and completion of wells in these demanding new locations. This growing dependence on oilfield services to unlock previously inaccessible resources is a key driver of market growth.
full report of Oilfield Services Market available @ https://www.omrglobal.com/industry-reports/oilfield-services-market
• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others
Global Oilfield Services Market Report Segment
By Type
• Equipment Rental
• Field Operation
• Analytical and Consulting Services
By Application
• Onshore
• Offshore
By Service
• Workover and Completion Services
• Production Services
• Drilling Services
• Subsea Services
• Seismic Services
• Processing and Separation Services
Global Oilfield Services Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global oilfield services market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
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Contact Person: Mr. Anurag Tiwari
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