Europe Oil Field Services Market Outlook - Market Analysis by Geography, Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts 2017 - 2022

  • ID: 4385701
  • Report
  • Region: Europe
  • 87 pages
  • Mordor Intelligence
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Europe oil field services market is estimated to increase from $46.6 billion in 2014 to $86.6 billion by 2022. Although, falling crude oil prices are forecasting a gloomy picture for OFS, service companies are expected to ride out the storm with long term contracts and mergers.

Oil & gas exploration and production is a complex process and each and every step requires sophisticated technology and equipment. Until the 90s, OFS firms were smaller and did straightforward tasks such as drilling vertical wells. But, over past two decades big oil & gas companies decided to outsource much of the exploration and production work which allowed the OFS firms to grow. OFS companies in turn drove the innovation in oil & gas sector by pioneering technologies like directional drilling and hydraulic fracturing.

The research published on OFS covers a variety of services such as well intervention, wireline logging, coiled tubing, completion, drilling, pressure pumping, waste management and oil country tubular goods.

Drivers

Increasing demand for energy and petro-chemicals, growing investments in oil & gas sector, deep water exploration in North & Norwegian seas and technological advancements are some of the factors driving the OFS market.

Although, production has been falling in the North and Norwegian seas over last decade advancements in science has made deep water drilling safer and more economically viable. An estimated 24 billion barrels oil is still present in North Sea alone. On back of this, OFS in Europe are expected increase moderately, if not rapidly, in coming years.

Challenges

Volatile oil & gas prices, environmental concerns, and operational challenges are severely impairing the OFS market.

This report comprehensively analyzes the Europe Oil Field Services market by segmenting it based on geography, applications (onshore and offshore) and services (well intervention, wireline logging, coiled tubing, completion, drilling, pressure pumping, waste management and oil country tubular goods); estimates are provided for next six years up to 2022. Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.
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1. Executive Summary
2. Research Methodology
3. Markets Covered
4. Europe Oil Field Services Market Overview
4.1 Introduction
4.2 Market Demand to 2022
4.3 Recent Developments in Oil Field Services
4.4 R & D Activities
4.5 Investments and Opportunities
5. Oil and Gas Scenario
5.1 Reserves in Europe
5.2 Global Crude Production and Consumption From 2000 - 2015
5.3 Global Oil Prices - WTI, BRENT Oil Prices - From 2000 -2015
5.3.1 Brent Crude Prices - From 2000 -2015
5.3.2 WTI Crude Prices - From 2000 -2015
5.4 Europe Oil and Gas Production Scenarios in the Mid-term and Long-term
6. Market Dynamics
6.1 Drivers
6.1.1 Rapidly Decreasing Reserves
6.1.2 Increasing Offshore Exploration Activity
6.1.3 Increasing Investments in Exploration Activities
6.1.4 Ever Increasing Energy Demand
6.2 Constraints
6.2.1 Volatility in Oil and Gas prices
6.2.2 Environmental Concerns
6.2.3 Operational Challenges
6.3 Opportunities
6.3.1 Offshore Exploration
7. Oil Field Services Value Chain Analysis
7.1 Overview
7.2 Equipment Manufacturers
7.3 Service Providers
7.4 Vehicle Providers
7.5 Drilling Contractors
8. Europe Oil Field Services Market Analysis, by Country
8.1 Overview
8.2 Major Countries
8.2.1 United Kingdom
8.2.1.1 Introduction
8.2.1.2 Market Demand to 2022
8.2.1.3 Recent Trends and Opportunities
8.2.1.4 Government Policies and Regulations
8.2.2 Norway
8.2.2.1 Introduction
8.2.2.2 Market Demand to 2022
8.2.2.3 Recent Trends and Opportunities
8.2.2.4 Government Policies and Regulations
8.2.3 The Netherlands
8.2.3.1 Introduction
8.2.3.2 Market Demand to 2022
8.2.3.3 Recent Trends and Opportunities
8.2.3.4 Government Policies and Regulations
8.2.4 The North Sea
8.2.4.1 Introduction
8.2.4.2 Market Demand to 2022
8.2.4.3 Recent Trends and Opportunities
8.2.4.4 Government Policies and Regulations
9. Europe Oil Field Services Market Analysis, by Type
9.1 Introduction
9.2 Coiled Tubing Services
9.3 Completion & Equipment Services
9.4 Drilling & Completion Fluids Services
9.5 Oil Country Tubular Goods
9.6 Pressure Pumping
9.7 Well Intervention
9.8 Wireline Services
9.9 Drilling Waste Management
10. Key Company Analysis
10.1 Baker Hughes Inc.
10.2 Schlumberger Limited
10.3 Halliburton Company
10.4 Saipem
10.5 Weatherford International
10.6 Superior Energy Services, Inc.
10.7 Transocean
10.8 Pioneer Energy Services
10.9 Petrofac
10.10 National Drilling Company
10.11 BJ Services Company
10.12 Diamond Offshore Drilling Inc.
10.13 OilServ
10.14 China Oilfield Services Limited
10.15 Fluor
11. Competitive Landscape
11.1 Mergers & Acquisitions
11.2 Joint Ventures, Collaborations and Agreements
11.3 Market Share Analysis
12. Appendix
12.1 Contact Us
12.2 Disclaimer
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