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

  • ID: 4386001
  • Report
  • Region: Middle East
  • 82 pages
  • Mordor Intelligence
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Middle oil field services market is estimated to increase from $20.5 billion in 2014 to $38.1 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 and growing investments in oil & gas sector are some of the factors driving the OFS market.

An estimated 800 billion barrels of oil reserves are present in Middle East which makes it an attractive proposition for oil field services firms.

Challenges

Volatile oil & gas prices, environmental concerns, operational challenges and geo political situation in some regions are severely impairing the OFS market.

This report comprehensively analyzes the Middle East 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. Market Overview
3.1 Introduction
3.2 Markets Covered
3.3 Market Demand to 2022
3.4 Recent Trends and Opportunities
4. Drivers, Constraints and Opportunities
4.1 Drivers
4.1.1 Growing Investments in Oil & Gas Sector
4.1.2 Rapidly Decreasing Reserves
4.1.3 Increasing Offshore Exploration Activity
4.2 Constraints
4.2.1 Volatile Oil & Gas Market
4.2.2 Environmental Concerns
4.2.3 Political instability in Iraq and Syria
4.3 Opportunities
4.3.1 Iran
5. Oil and Gas Scenario
5.1 Reserves in Middle East
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 Middle East Oil and Gas Production Scenarios in the Mid-term and Long-term
6. Oil Field Services Value Chain Analysis
7. Industry Attractiveness - Porter's Five Force Analysis
7.1 Bargaining Power of Service Provider
7.2 Bargaining Power of Consumers
7.3 Threat of New Entrants
7.4 Threat of Substitute Products and Services
7.5 Degree of Competition
8. Middle East Oil Field Services Market Segmentation, by type
8.1 Coiled Tubing
8.2 Completion Services and Equipment
8.3 Drilling and Completion Fluids
8.4 Drilling Services and Equipment
8.5 Oil Country Tubular Goods
8.6 Pressure Pumping
8.7 Waste Management Services
8.8 Well Intervention Services
8.9 Wireline Services
9. Middle East Oil Field Services Market Segmentation, by application
9.1 Onshore
9.2 Offshore
10. Middle East Oil Field Services Market Segmentation, by geography
10.1 Major Countries
10.1.1 Saudi Arabia
10.1.1.1 Introduction
10.1.1.2 Market Demand to 2022
10.1.1.3 Recent Trends and Opportunities
10.1.2 Iran
10.1.2.1 Introduction
10.1.2.2 Market Demand to 2022
10.1.2.3 Recent Trends and Opportunities
10.1.3 UAE
10.1.3.1 Introduction
10.1.3.2 Market Demand to 2022
10.1.3.3 Recent Trends and Opportunities
10.1.4 Others
11. Key Company Analysis
11.1 Schlumberger
11.2 Halliburton
11.3 Baker Hughes
11.4 FMC Technologies
11.5 Saipem
11.6 Weatherford International
11.7 National Oilwell Varco
11.8 Petrofac
11.9 BJ Services Company
11.10 Al Mansoori
11.11 China Oilfield Services Ltd.
12. Competitive Landscape
12.1 Mergers & Acquisitions
12.2 Joint Ventures, Collaborations and Agreements
12.3 Market Share Analysis
13. Appendix
13.1 Contact Us
13.2 Disclaimer
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