Oilfield Services Market Size & Share, by Type (Equipment Rental, Field Operation, Analytical Services); Service (Geophysical, Drilling, Completion & Workover, Production, Processing & Separation); Application (Onshore, Offshore) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4824
  • Published Date: Apr 14, 2023
  • Report Format: PDF, PPT

Companies Dominating the Oilfield Services Market

    • Schlumberger Limited
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Baker Hughes Company
    • Halliburton Energy Services, Inc.
    • NOV Inc.
    • Archer Limited
    • TechnipFMC plc
    • Nabors Industries Ltd
    • Aker BP
    • General Electric
    • Welltec A/S

Browse Key Market Insights with Data Illustration:


In The News

  •  In order to demonstrate its commitment to the Kingdom of Saudi Arabia, Baker Hughes Company, a GE business, announced plans to erect a cutting-edge oilfield services (OFS) facility in King Salman Energy Park (SPARK). Drilling services, wireline services, and pressure pumping are three OFS product lines that the new facility was estimated to be supported, assuring high-quality service delivery and preparing BHGE for future expansion in the area.

  •  In order to start work on the Engineering, Procurement, and Construction (EPC) agreement with Assiut National Oil Processing Company (ANOPC) for the building of the new Hydrocracking Complex for the Assiut refineries in Egypt, TechnipFMC plc has successfully fulfilled the last conditions needed.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 4824
  • Published Date: Apr 14, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing adoption of vehicles, rising demand for energy to heat homes, surge in number of aircraft, and others.

The market size of oilfield services is anticipated to attain a CAGR of 6.35% over the forecast period, i.e., 2023-2035.

Rising price of crude oil, stringent government laws on E&P activities, and surge in use of sustainable alternative are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Schlumberger Limited, Baker Hughes Company, Halliburton Energy Services, Inc., NOV Inc., and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, service, application and by region.

The onshore segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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