Key players in European Oilfield Services Market include Schlumberger Ltd. (U.S.), Halliburton Co. (U.S.), Baker Hughes Inc. (U.S.), Weatherford International Plc (Ireland), Nabors Industries Ltd. (Bermuda), and Superior Energy Services Inc. (U.S.)
(PRWEB) April 23, 2015
The European oilfield services market was valued at $45,592.5 million in 2014, and is estimated to reach $60,017.5 million by 2019, at a CAGR of 5.7% from 2014 to 2019.
Browse through the TOC of Europe Oilfield Services Market for an analysis of industry trends and segments, with the help of various tables and figures.
The growing demand for oil and gas has led to an increase in the exploration of oil and gas fields. With every new discovery, logging, completion, and intervention activities are required to be carried out to extract oil and gas. For proper production or injection of the well, completion services are implemented. Thus, the market for oilfield services is directly proportional to the number of new discoveries.
Russia held the largest market share of 53.7% in 2014 within the European oilfield services market, followed by Norway with a market share of 17.5%.
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The main types in the concerned market are drilling services, oil country tubular goods (OCTG), pressure pumping services, oilfield equipment rental, wireline services, well completion, drilling fluids, well intervention, and coiled tubing services. The European oilfield services market has been analyzed by geography, such as Russia, Norway, U.K., and others, and by application the market is segmented into onshore and offshore.
South America Oilfield Services Market
The growing demand for energy with an increase in the number of investments in offshore and unconventional exploration and production activities is expected to drive the global oilfield services market. The South American oilfield services market is estimated to grow at a CAGR of 5.8% from 2014 to 2019.
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