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 December 10, 2015 - 1:51 PM EST
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Research and Markets: Global Oilfield Services Market Report Worth USD 144.36 Billion by 2020 - Trends, Technologies & Forecast 2015-2020

Research and Markets ( has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline), & by Region - Global trends & Forecast to 2020" report to their offering.

The low crude oil prices have created a demand for optimizing production from existing oilfields and to operate at an economical rate. In June 2015, the OPEC member countries decided to leave their collective production targets unchanged at 30 million barrels per day. With continued increase in the oil and gas production in the near future, the market for oilfield services is expected to grow at a CAGR of 5.0% from 2015 to 2020 reaching to $144.36 Billion by 2020.

In terms of significance, the market has been segmented on the basis of service type include coiled tubing services, completion equipment & services, well intervention services, pressure pumping services, OCTG, drilling waste management services, drilling & completion fluids services, and wireline services. The market segments by application include onshore and offshore applications. The regional market segmentation includes the market size and share of North America, South America, Asia-Pacific, Europe, Middle East and Africa.

The market has been segmented into:

On the basis of Service Type

  • Coiled Tubing Services
  • Well Completion Equipment & Services
  • Well Intervention Services
  • Pressure Pumping Services
  • Oil Country Tubular Goods (OCTG)
  • Drilling Waste Management Services
  • Drilling & Completion Fluids Services
  • Wireline Services

On the basis of Application

  • Onshore
  • Offshore

On the basis of Region

  • North America
  • South America
  • Asia-Pacific
  • Middle East
  • Europe
  • Africa

Companies Mentioned:

  • Archer Limited
  • Baker Hughes Incorporated
  • Basic Energy Services Inc.
  • Calfrac Well Services Ltd.
  • Expro International Group
  • Halliburton Company
  • Key Energy Services
  • Nabors Industries Ltd.
  • National Oilwell Varco, Inc.
  • Pioneer Energy Services
  • Precision Drilling Corporation
  • Schlumberger Limited
  • Superior Energy Services Inc.
  • Trican Well Service Ltd.
  • Weatherford International Ltd.

Report Structure:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Oilfield Services Market, By Application

7 Oilfield Services Market, By Service Type

8 Oilfield Services Market, By Region

9 Competitive Landscape

10 Company Profile

11 Appendix

For more information visit

Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
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Fax (outside U.S.): +353-1-481-1716
Sector: Oilfield Equipment and Services

Source: Business Wire (December 10, 2015 - 1:51 PM EST)

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