MRO Magazine

Oilfield services market value by application

Rehana Begg   

Industry Energy Resource Sector

The oilfield services market is expected to grow from an estimated USD 106.43 Billion in 2017 to USD 125.51 Billion by 2022, registering a CAGR of 3.35%, from 2017 to 2022. The global market is set to witness a significant growth due to the increasing shale gas exploration, increasing oil & gas production, and growing efforts in exploring new oil & gas reserves.

That’s according to a new report, “Oilfield Services Market by Application (Onshore and Offshore), Service (Well Completion Equipment & Services, Well Intervention Services, Coiled Tubing Services, Pressure Pumping Services, OCTG, and Wireline Services), and Region – Global Forecast to 2022,” released by research services group Markets and Markets.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the oilfield services market. These players include:

  • Baker Hughes Incorporated (U.S.),
  • Halliburton Company (U.S.),
  • Schlumberger Limited (U.S.),
  • Weatherford International,
  • PLC (Switzerland),
  • Superior Energy Services, Inc. (U.S.),
  • GE Oil & Gas (U.K.)

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