Onshore Application is Expected to Grow at a CAGR of 8.1%

Date: 2015-08-11

“The Africa well completion equipment and services market is estimated to grow at a CAGR of 7.4% from 2014 to 2019. Geographically, Africa is segmented into Angola, Egypt, Libya, Nigeria, and Others. Angola held the largest market share of around 26.5% in 2013, followed by Egypt. The Africa well completion equipment and services market holds high growth potential in the future due to a number of reasons such as frequent drilling activities. 

The Africa well completion equipment and services market has also been segmented based on application. The two major application of the market are onshore and offshore. The onshore application is expected to grow at a CAGR of 8.1% from 2014 to 2019 to reach a market value of $666.4 million by 2019.

This report has profiled the leading players of this market along with developments (New product launches and partnerships, agreements, collaborations, and joint ventures) done by companies over the past few years, and strategies adopted by them to sustain and strengthen their position in the Africa well completion equipment and services market. Baker Hughes Inc. (U.S.), Schlumberger Ltd. (U.S.), Weatherford International Plc. (Ireland), and Halliburton Company (U.S.) are some of the key players of this market.

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