Middle East Oilfields Services Market is estimated to record revenues worth USD 13.4 billion by 2019: Ken Research

Higher E&P Expenditure, financial durability of the companies and customers are likely to drive growth of oilfields in Middle EastMiddle East Drilling Market is estimated to record revenues worth USD 88.2 billion by 2019. The surge in active rigs in the region, backed by shift in focus towards onshore drilling is projected to fuel market growth.

 

Ken Research announced its latest publication on “Middle East Oilfields and Drilling Services Market Outlook to 2019 – Future Growth led by Deepwater Drilling and Quest for Increased Production” which presents a comprehensive analysis of the drilling and oilfield services industry, including market size of the drilling and oilfield services at the Middle East level. The market for oilfields and drilling services has been individually covered and comprehensively explained. The market for oilfields in Middle East has been segmented on the basis of geography, services and applications. The competition profile is covered in detail with the market share been explained for each services involved in oilfield services market with detailed company profile of each player. On the other side, drilling services market has also been segmented on the basis of geography, services and applications. The report shed light on the business model adopted by the drilling service providers in Middle East. Moreover, the report analyzes the performance of every country in drilling and oilfield services domain, by showcasing the market size of each country. The report also entails a detailed description on the recent trends and developments in the market, government regulations and the macroeconomic factors which have a direct bearing on the market.

The oilfield services are used at every stage of the life cycle for development of oil field including exploration, production, drilling, well intervention and development, completion, waste management and other development stages of the life cycle of an oilfield. Middle East OFS industry valued to around USD 9.7 billion in the year 2014, driven by the increased Enhanced oil recovery (EOR) and increased number of mature fields. The presence of huge reserves in the region out of which many are yet to be explored and exploited presents an extensive market to the OFS companies in Middle East as compared to any other geographical locations across the globe. The OFS industry in Middle East is likely to witness a CAGR of ~% from 2015 to 2019 and shall value to approximately USD ~ million by the end of 2019. Each company in the market have to develop and deploy technology which will enable the producers to increase exploration and production levels, enhance probability of success rates, reduce operational costs, reduce drilling rig time and support faster production, so as to establish itself as a technological leader and sustain a large market share over a significant period of time.

The drilling services industry of Middle East demonstrated strong fundamentals, a well-built growth and increased activity as compared to any other region across the globe during the past few years 2009-2014. The demand for drilling services is budding up with growing drilling activities in onshore as well as in offshore oil fields. Some of the drilling services like directional drilling, land drilling, offshore drilling, well service and work over are becoming essence, with the amplified development of oil & gas exploration and production activities. The cost of operating drilling rigs is an important factor to bear in mind when considering which oil regions are suffering the most in the current low oil price environment. The drilling services market in Middle East is likely to face marginal slowdown in terms of revenue growth, owing to subdued crude oil prices. However, in the long run the prices of crude oil will become stable along with the prospects of surge in drilling demand.

The Research Analyst, at Ken Research recommends that the players operating into the drilling and oilfield services have to enhance their E&P expenditure. Moreover, as per the scenario, most of the wells in Middle East are drilled onshore. However, as the companies are projected to venture into the offshore markets, the offshore applications of these techniques is likely to witness an increase especially in the regions such as UAE, Saudi Arabia and Oman where the onshore drilling market share is anticipated to deteriorate.

 Key Topics Covered in the Report:

Middle East Oilfield Services Market

  • Market Size by Revenues
  • Market Segmentation by
    • Geography
    • Types of Services
    • Application
  • Market Share in Oilfields
    • By Pressure Pumping
    • By Wireline Services
    • By Completion Services and Equipments
  • Pre-requisites for Oilfield Services
  • Porter Five Force Analysis
  • Company Profile for Major Players
  • Recent Deals and Investments
  • Future Outlook

Middle East Drilling Services Market

  • Market Size by Revenues
  • Market Segmentation by
    • Geography
    • Types of Services
    • Application
  • E&P Value Chain
  • Business Model in Drilling Services Market
  • Company Profiles
  • Future Outlook

Country Wise Snapshot

  • Saudi Arabia (Introduction, Market Size and Trends and Developments)
  • UAE(Introduction, Market Size and Trends and Developments)
  • Kuwait(Introduction, Market Size and Trends and Developments)
  • Iraq(Introduction, Market Size and Trends and Developments)
  • Iran(Introduction, Market Size and Trends and Developments)
  • Qatar(Introduction, Market Size and Trends and Developments)
  • Oman (Introduction, Market Size and Trends and Developments)
  • Egypt(Introduction, Market Size and Trends and Developments)

Trends and Developments

Growth Drivers and Restraints

Pest Analysis

SWOT Analysis

Investment Model of a Rig

Macroeconomic Factors

 

 

Key Products Mentioned in the Report

OCTG

Pressure Pumping

Wireline Services

Drilling and Completion Fluids

Completion Equipment and Services

Coiled Tube Services

Contractual Drilling

Directional Drilling

LWD/MWD

Drilling Waste Management Services
Companies Covered in the Report

Oilfield Services

Schlumberger

Halliburton

Baker Hughes

Weatherford

Drilling Services

Nabors Industries

ENSCO PLC

Noble Drilling Corporation

Rowan Companies

 

Related Reports:

Iraq Drilling And Oilfield Services Industry Outlook To 2018 – Rising Crude Oil Production And Oil Revenue To Spur Growth

Global Offshore Rig Construction Market Outlook To 2018 – Rising Energy Demand & Deepwater Drilling Activities To Intensify The Market

Global OCTG Market Outlook To 2018 – Rising Level Of Deepwater Exploration To Stimulate Market Growth

 Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s