Impact of Low Oil Price on Oilfield Equipment and Service Market, 2017

  • ID: 4462241
  • Report
  • Region: Global
  • 77 pages
  • Frost & Sullivan
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The Oilfield Service and Equipment Market Experienced a Double-dip Negative Growth in 2015 and 2016, but is Expected to Rebound with the Recovery of Oil Prices

The global oilfield services and equipment market is still recovering from the 2015 oil price crash, as oil companies are still trying to consolidate their position by reevaluating their capital expenditure. The oilfield services and equipment market has four main segments - drilling, completion, capital equipment, and production. While some segments like completion are recovering well, others like drilling are yet to show positive growth. As unconventional resources are very expensive to explore, many rigs across the globe have been idle. The huge backlog has led to deferred credits, which affect the bottom lines of oilfields equipment and service companies.

The study aims to analyze and forecast the impact of low oil prices on the oilfield services and equipment market, 2017.

Research Scope

  • Segmentation and sub-segmentation of various oilfield services
  • Market trends (revenue estimation for each segment and sub-segment)
  • Market share analysis of various oilfield services and equipment
  • Long-term growth trend of each segment and sub-segment

Market measurements are analyzed from 2010 to 2017, with 2016 being the base year. The revenue estimation for each sub-segment is obtained from annual reports and analyses of various drivers and restraints. As the study addresses the short-term impact of oil prices on oilfield equipment, revenue growth has been forecast only for 2017. Only segments that are critical for operation and have significant market share have been considered for study. An indexing method has been used to observe the trends in various oilfield segments, based on which an impact assessment has been made. The study also covers the market share analysis to identify the changing dynamics of the competitive structure. Lastly, based on the analysis, the growth opportunities of key segments are evaluated and the strategic imperatives for success are identified.

Key Issues Addressed

  • What is the status of the global oilfield equipment and services market?
  • How has the market share evolved for various oilfield segments?
  • What is the impact of oil prices on various oilfield segments and sub-segments?
  • What are the major trends observed in various oilfield segments in 2017?
  • What are the emerging regions for various oilfield services and equipment?
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1. Executive Summary

  • Key Findings

2. Market Overview

  • Scope and Segmentation
  • Trends in Historical Oil Prices for WTI and Brent
  • Global Total Rig Count versus Benchmark Crude Oil Price
  • Impact of Low Oil Price in Oilfield Equipment-Regional Rig Count Summary
  • Key Predictions for Oil and Gas Numbers in 2017
  • Oilfield Services
  • Market Segmentation of Oilfield Equipment and Services
  • Key Questions this Study will Answer

3. Impact of Low Oil Price-Drilling Segment

  • Impact of Low Oil Price-Offshore Contract Drilling
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Land Contract Drilling
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Directional Drilling Services
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Logging While Drilling (LWD)
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Casing and Tubing
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Surface Data Logging
  • Revenue Forecast Discussion

4. Impact of Low Oil Price-Completion Segment

  • Impact of Low Oil Price-Hydraulic Fracturing
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Wireline Logging
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Subsea Equipment
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Surface Equipment
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Completion Equipment
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Coiled Tubing Services
  • Revenue Forecast Discussion

5. Impact of Low Oil Price-Capital Equipment

  • Impact of Low Oil Price-Offshore Construction
  • Revenue Forecast Discussion and Market Share
  • Impact of Low Oil Price-Rig Equipment
  • Revenue Forecast Discussion
  • Impact of Low Oil Price-Downhole Drilling Tools
  • Revenue Forecast Discussion

6. Impact of Low Oil Price-Production Equipment

  • Impact of Low Oil Price-Artificial Lifts
  • Revenue Forecast Discussion

7. Growth Opportunities and Companies to Action

  • Growth Opportunity 1-Hydraulic Fracturing
  • Strategic Imperatives for Success and Growth
  • Growth Opportunity 2-Directional Drilling
  • Strategic Imperatives for Success and Growth

8. Conclusion

  • Legal Disclaimer

9. Appendix

  • List of Exhibits
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