Oilfield Services Market is Estimated to Grow at a CAGR of 5.7%

Date: 2015-08-08

“In this report, the European oilfield services market has been segmented on the basis of type, application, and geography. Based on geography, the market has been segmented into major countries in the region, such as Russia, Norway, the U.K., and others. The market has been further segmented on the basis of type of oilfield services and application.

The oilfield services market is estimated to grow at a CAGR of 5.7% from 2014 to 2019. Based on types, the 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. The drilling services segment held the largest share of 59.2% of the European oilfield services market in 2014. 

The report has profiled the leading players of the market along with the developments (new product launches, mergers & acquisitions, expansions & partnerships, agreements, collaborations, and joint ventures) by the companies over the past few years and strategies adopted by them to sustain and strengthen their position in the European oilfield services market. Schlumberger Ltd. (U.S.), Halliburton Co. (U.S.), Baker Hughes Inc. (U.S.), and Weatherford International Plc (Ireland) are some of the key players operational in this market.

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