Press release
The Oilfield Services Market can be segmented on the basis of type into drilling & completion fluids, well intervention and wireline services, coiled tubing services, pressure pumping & services and others : 2020
Oilfield Services Market
Download the Exclusive Report Sample Here :http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3094
Oil and gas are produced from the reservoir in various phases such as exploration, drilling, production, completion, etc. Different oilfield services are required in these phases to obtain desirable results. Oil and gas reserves are identified using geological modeling, seismic surveys and exploration wells. The well drilled to extract oil and gas requires various services such as wireline, coil tubing, well intervention, simulation, etc for enhancing its production. The oilfield services companies provide equipment, services and infrastructure which are required by the oil and gas exploration and production companies to explore and extract oil and gas.
The global oilfield services market can be segmented on the basis of type into drilling & completion fluids, well intervention and wireline services, coiled tubing services, pressure pumping & services and others. Each service is very important for the proper functioning and economic production of a well over its life span. Different services are required by wells for various hindrances. Drilling fluids are used during drilling as coolant, lubricants, debris carrier, etc. Coil tubing is used for oil and gas well intervention and rarely as production tubing in depleted gas wells. Pressure pumping services is used to access proven reserves and improve asset value.
On the basis of geography, the global oilfield services market can be segmented into North America, Europe, Asia Pacific and RoW (Rest of the world). North America is expected to be the market leader in this segment due to the shale gas boom in North America. A large number of wells are being drilled in North America for shale gas exploration which requires various oilfield services. RoW is expected to attain higher growth due to huge expenditure in Brazil and West Africa during the forecast period.
Increasing exploration and production activities will result in increasing demand of oilfield services market. However, stringent environmental regulations regarding some services such as drilling waste disposal and controversies regarding hydraulic fracturing are expected to hamper the growth of the oilfield services market. The availability of abundant offshore oil reserves and unexplored shale gas reserves will provide an opportunity for oilfield services market during the forecast period.
The service provider companies are investing heavily in research and development so as to provide an economical and feasible solution to their clients. Moreover, they have to develop technology and provide services for some of the roughest environmental conditions such as arctic sea and deep and ultra deep sea. Some of the key players in the oilfield services market are Weatherford International Limited, Baker Hughes Incorporated, Schlumberger Limited, Halliburton Company, National Oilwell Varco, FMC Technologies Inc., Yantai Jereh Oilfield Services Group Co. Ltd., Cameron, The Weir Group PLC, Zhongman Petroleum and Gas Group, Frontier Oilfield Services Inc., Airtrust (Singapore) Pte Ltd, Pe Ben Oilfield Services L.P., Beron Energy Ltd. and Decollement Consulting Inc. among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Visit Blog : http://cmfeglobalreports.blogspot.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release The Oilfield Services Market can be segmented on the basis of type into drilling & completion fluids, well intervention and wireline services, coiled tubing services, pressure pumping & services and others : 2020 here
News-ID: 418578 • Views: …
More Releases from Transparency Market Research-Energy
Titanium Diboride Market
Titanium diboride is a part of metallic hard materials group. It is widely known for its extreme hardness and its composition. It is composed of boron and titanium that are known for its resistance to mechanical erosion. It is also known to be a reasonable electrical conductor and therefore has application as a cathode material in aluminum smelting. It can also be shaped by electrical discharge machining. Titanium diboride is…
Static VAR Generator Market Projected to Grow at Steady Rate through 2025
Static VAR (Volt-Ampere Reactive) Generator which is also called high-voltage dynamic responsive power gadget & static synchronous compensator, performs dynamic power compensation with the help of reactive power compensation by a self-commutated control semiconductor connect inverter. Power quality has critical effect on power efficiency of static VAR generator. Good power quality lessens the vitality of energy loss and expands equipment lifespan for lower cost of static VAR generator.
Various industries are…
Torque Limiter Market Assessment and Forecast Report by Transparency Market Rese …
Torque Limiter Market: Overview
A torque limiter is a device that automatically shields mechanical equipment and its work from being damaged because of mechanical overload. It is possible for the torque limiter either uncouple the load completely (shear pin) or simply limit torque by slippage. A torque limiter is particularly useful to reduce damage caused by crash jams and stops. Torque limiters could either be packaged as a hub for sheave…
Stormwater Treatment Systems Market Set to Witness Steady Growth through 2017-20 …
Global Stormwater Treatment Systems Market: Overview
Stormwater originates during ice melts and precipitation events. It can run off or be held on the surface eventually getting evaporated or soak into the soil (called infiltration). Stormwater treatment means the removal of toxins and pollutants from the water. Running stormwater is a major source of pollution. The increased flow of stormwater can encourage weed…
More Releases for Oil
Hydraulic Oil Market,By Base Oil (Mineral Oil, Synthetic Oil, Semi-Synthetic Oil …
In recent years, the production capacity for hydraulic oil has increased significantly across the globe. Moreover, the Group II and III base oils are primarily gaining popularity for utilization in lubricant formulations for automatic transmission engines, heavy-duty trucks, and passenger automobiles. Therefore, these determinants are expected to for drive the development of the global hydraulic oil market in the anticipated period.
Global Hydraulic Oil Market was valued at USD 10.47 billion in 2021…
Cosmetic Oil Market Future Outlook 2023-2029, Industry Demand, Trends, Size, New …
This Cosmetic Oil Market research report is one of the best and wide-ranging, which provides market insights by considering numerous factors. Therefore, businesses can get important market insights cost-effectively with the help of the Cosmetic Oil Market research report. Such a persuasive report is the best to gain a competitive advantage in this quickly transforming marketplace. In addition, the report also provides market segmentation based on type and end-user. The…
Transformer Oil Market, Transformer Oil Market Size, Transformer Oil Market Shar …
The Transformer Oil Market research report consists of a detailed study of the market and the market dynamics that are related to the same. The in-depth data on the development of the market is presented in the Research report. Not only this but also the detailed data on the performance of the market for the forecast period are presented in the Transformer Oil Market research report. The performance analysis is…
Growing demand for corn oil as cooking oil is fuelling the Corn Oil Market
The research report "Corn Oil Market: by Product Type (High Oleic, Middle Oleic, Low Oleic), By Application (Biodiesel, Soap Making, Food Services, Pharmaceutical, Others) and Geography- Global/Region/Country Forecast to 2028." The global corn oil market size was valued at USD 4.2 Bn in the year 2021, growing at a CAGR rate of 7.2% during the evaluation time span 2022-2028.
Glance our 200 slides market research and competitive intelligence research report,…
Apricot Oil, Apricot Kernel Oil Supplier, Co2 Apricot Oil Manufacturer
The seed inside every apricot contains thin oil, which is extracted from the kernel of the seed after eating the delectable fruit. Apricot oil is also known as apricot kernel oil. This oil has been the interest of many experts for research purposes due to its infinite health benefits. It has been found that the oil could cure some serious health conditions (like cancer). Apricot oil has a profound nutty…
Global Sustainable Palm Oil Market analysis report- with Leading players, Applic …
Sustainable Palm Oil Market
The most widely used vegetable oil there is, palm oil is found in everything from snacks to household cleaners to cosmetics. Palm oil is used in many of the products on supermarket shelves, from margarine and chocolate to ice cream, soaps, cosmetics, and fuel for cars and power plants. The report presents a comprehensive overview, market shares, and growth opportunities of Sustainable Palm Oil market by product type,…
