European & Eurasian Oilfield Equipment Rental Market Worth $8,441.0 Million by 2018 - New Report by MicroMarket Monitor

European & Eurasian oilfield equipment rental market report is segmented on the basis of geographies, types, and equipment. http://www.micromarketmonitor.com/market/europe-and-eurasia-oilfield-rental-9294216591.html.

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MicroMarket Monitor

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The report provides competitive intelligence on Other Companies, Weatherford Formation Evaluation and Well Construction, Schlumberger Oilfield Services, and Oil States International Well site services.

(PRWEB) June 05, 2014

Russia is the leading producer of oil in Europe. Russia produced 10,280 million barrels per day as per 2011 estimates. It accounted for nearly 59% of the total Europe production. Russia is the world’s second-largest oil producing country after Saudi Arabia. Norway produced 2,039 million barrels per day in 2011, and accounted for 12% of the total production. High-energy consuming countries such as the U.K., France, and Germany have negligible production and high demand, hence are dependent on Russia and the Middle East. Significant production from offshore fields and an annual investment of around $29,000 million on offshore field development may be the further market drivers for rental equipment in the country.

The European & Eurasian oilfield equipment rental market is estimated to be around $4,321.2 million for the year 2013, and is expected to reach $8,441.0 million by 2018, with a CAGR of 14.3%.

Browse through the market data tables, figures and detailed ToC on the “European & Eurasian Oilfield Equipment Rental Market”.

http://www.micromarketmonitor.com/market/europe-and-eurasia-oilfield-rental-9294216591.html

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