Europe Oilfield Services Market - Analysis & Forecasts to 2019
Oilfield services are used during all stages of lifecycle of a well, including exploration, drilling, development, completion, production, intervention, and abandonment.
Pune, IN, November 3, 2015 (Newswire.com) - The Europe oilfield services market was valued at $45,592.5 million in 2014, and is projected to reach $60,017.5 million by 2019, at a CAGR of 5.7% from 2014 to 2019. The growth of this market can be attributed to the rise in exploration activities of new reserves, which requires increased drilling activities. The drilling services segment accounted for the largest share of 59.2% of the European oilfield services market in 2014.
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Oilfield services are used during all stages of lifecycle of a well, including exploration, drilling, development, completion, production, intervention, and abandonment.
The purpose of this report is to cover the definition, description, and forecasts of the Europe oilfield services market. It involves a deep dive analysis of the market segmentation, based on type, application, and country. The report also gives deep insights into the competitive landscape of the market through a strategic analysis of the key players of the market. Based on types, the European oilfield services market has been segmented into 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.
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The major companies operating in this Europe oilfield services market are 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.).
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