Angola Held the Largest Share of 26.9% of the African Oilfield Services Market in 2014

Date: 2015-08-11

The oilfield services market in Africa is estimated to grow at a CAGR of 4.5.3% from 2014 to 2019. In the report, the market is segmented on the basis of countries into Algeria, Angola, Egypt, Nigeria, and others. Angola held the largest share of 26.9% of the African oilfield services market in 2014, followed by Nigeria. The African oilfield services market holds a high potential for growth in future owing to the frequent drilling & completion activities. In addition, increased investment for exploration & production will also drive the market in coming years.

Among the different type of services available in the market, coiled tubing services is expected to grow at the highest CAGR of 7.4% during the forecast period of 2014-2019. 

The report includes profiles of the leading market players of this region, along with the strategic developments (new product launches and partnerships, agreements, collaborations, and joint ventures) undertaken by the companies in recent years to sustain and strengthen their position in the market. Baker Hughes Inc. (U.S.), National Oilwell Varco Inc. (U.S.), Expro International Group Holdings Ltd. (U.K.), Superior Energy Services Inc. (U.S.), Weatherford International Plc (Ireland), and Halliburton Co. (U.S.) are some of the key players engaged in this market.

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