World Oilfield Services Market Forecast 2016 - 2020

World Oilfield Services Market Forecast 2016 - 2020
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Summary

NEW quarterly publication The World Oilfield Services Market Forecast provides unique insight into the global oilfield services (OFS) market. The product delivers historic, current and future drilling, completion & workover expenditure, forecasting 20 common oilfield service lines including rig & crew, cementing, well testing and logging.

With a forecast through to 2020 and utilising a proprietary methodology, World Oilfield Services Market Forecast provides granular analysis of a market which is expected to steadily increase from $192 billion (bn) in 2016 to $241bn in 2020, after falling 38% year-on-year from 2014 to 2015. The forecast includes a regional assessment of total OFS spending, with additional in-depth analysis of each service line at a national level (country-by-country breakdown of the top 30 country markets for oilfield expenditure). The detailed service line models include workover, as well as drilling and completion for the onshore & offshore markets, providing unparalleled insight into the OFS sector.

Taking into account the latest macro-economic trends through explicit commodity price inputs to all service line models, OFS forecast provides up-to-date analysis of one of the most important and fast moving markets in the oil & gas sector.

World Drilling & Production Forecast (DWD&P) generates the wells drilled forecast which drives OFS forecast. D&P is continuously updated, providing detailed hydrocarbon production and drilling data that covers 96% of global production. This established foundation provides a base for the further modelling of footage and drilling days key drivers of OFS spending.

Scope

The World Oilfield Services Market Forecast contains:

  • Oilfield services expenditure data generated in-house using models; the OFS market forecast utilizes D&P models for wells drilled, footage and drilling days.
  • Full global coverage the only product to provide country-by-country analysis of the global OFS market.
  • Detailed analysis regional overview with data and analysis of historic, current and future OFS spending by service line in the onshore and offshore markets. Service line analysis and data at a regional and national level for the onshore and offshore markets.
  • Industry insight hundreds of man-hours per quarter of industry consultation to ensure accurate and reliable data inputs. Service line specific insight from industry participants has been provided throughout the report.
  • Comprehensive experience gained from 25 years of research, the forecast has been developed through exposure to industry-leading M&A engagements including numerous diligence exercises conducted for oilfield services organizations worldwide. This has included opaque or less publicized markets such as China, the Middle East and Russia.
  • Quarterly updates for the highest level of accuracy, a subscription option is available for quarterly reports. The models are continually updated, allowing for regular updates and detailed knowledge of expected trends in OFS activity.
  • Date Published

    March, 2016