Albany NY (February 28, 2013) (CULRAV.ORG) -
New Report Added in ResearchMoz Reports Database Oilfield Services Industry to 2017 – Technological Developments Expected to Propel Oilfield Investments by E&P Players
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- Overview and analysis of the global oilfield services industry to 2017
- Analysis of the historical as well as current trends and forecasts to 2017
- Segmental forecasts of the oilfield services expenditure, by each of the three sub-segments
- Geographic segmentation of the global oilfield services market
- Statistics and data on key global players in each sub-segment, and their percentage market shares
- Analysis of the key happenings, opportunities and challenges in the oilfield services market
- Develop business strategies with the help of specific insights about the global oilfield services industry from the segment-wise and region-wise expenditure statistics and a competitor overview from the percentage market share analysis
- Identify key trends and challenges in the global oilfield services industry.
- Increase future revenues and profitability with the help of insight into the expected demand-supply scenario for oilfield services worldwide.
- Benchmark your operations and strategies using key insights from current and expected business developments with regard to the oilfield services industry.
Booming Exploration and Production (E&P) expenditure will see the global oilfield services industry climb significantly in value in the near future. The global oilfield service industry (typically defined as any activity or service related to the finding, evaluation, development, production and abandonment of oil and gas resources) is forecast to jump in value by a massive 72%, from US$152 billion in 2012 to US$213 billion in 2017.
Despite the global economic turndown, demand for oil and gas has continued to grow, due primarily to the emerging economies of Asia and South America. Additionally, the increase in crude oil and natural gas prices has warranted high E&P costs for areas where access is more difficult, such as offshore deep and ultra-deep locations. Innovative hydrocarbon recovery techniques such as Enhanced Oil Recovery (EOR) are also driving oil companies around the world to return to depleted or mature reservoirs – further contributing to total E&P expenditure.
Of the three segments that make up the oilfield services industry – exploration and evaluation, drilling, and completion and production – it is the latter that garners the most substantial income. The completion and production services portion of the industry will create US$148 billion in revenue during 2017, climbing from US$105 billion in 2012.
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