“The Middle East oilfield equipment rental market constitutes 6% of the global oilfield equipment rental market, and is expected to grow at a CAGR of 4.1% from 2014 to 2019. Geographically, the market is further segmented into Iraq, Saudi Arabia, Iran, and others. Iraq held the largest market share of 31.4% of the Middle East oilfield equipment rental market in 2014. Iraq was followed by Saudi Arabia and Iran with market shares of 24.1% and 11.4% respectively. The Middle East oilfield equipment rental market holds a high potential for growth in future. The major factors driving this market include increased drilling activity, increasing investments in E&P, and technological advancements in oilfield equipment.
In this report, the Middle East oilfield equipment rental market is segmented on the basis of types of equipment. The segmentation by type includes drilling equipment (drill pipe, drill collars, hevi-wate, subs, other drilling equipment), pressure & flow control equipment (BOP, valves & manifolds, and other P&FC rental Equipment), fishing equipment, and other rental oilfield equipment. In 2014, drill pipe segment accounted for a market share of 56% of the total Middle East Oilfield equipment rental market by drilling equipment.
The report includes profile of the leading market players along with their recent developments. New contracts and agreements, mergers and acquisitions, business expansions and other such developments have been the key strategies adopted by the players to expand their business in the Middle East region. The top players covered in this report are Weatherford International Ltd. (Ireland), Oil States International (U.S.), Superior Energy Services Inc. (U.S.), and Schlumberger (U.S.).
Reasons to Buy the Report:
From an insight perspective, this research report focuses on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, usage patterns, emerging and high-growth segments of the Middle East oilfield equipment rental market, high-growth countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
• Product Analysis and Development: Detailed insights on upcoming technologies, research and development activities, and new product launches in Middle East oilfield equipment rental market. Usage pattern/penetration rate (in-depth trend analysis) of products (segment-wise) and purchasing data.
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for oilfield equipment rental across geographies, new distribution channels, and new clientele base & different pricing policies.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments decisions in the Middle East oilfield equipment rental market. Detailed description regarding the related and unrelated diversification pertaining to this market.
• Competitive Assessment: In-depth assessment of market shares and company share analysis of the key market players.
• Product/Brand Perception Analysis: Comprehensive study of customers perception and behavior through our inbuilt social connect tool (digital marketing language) checking the virality and tonality of blogs.
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“TABLE OF CONTENTS
1 INTRODUCTION 10
1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET SEGMENTATION & COVERAGE 11
1.3 STAKEHOLDERS 11
2 RESEARCH METHODOLOGY 12
2.1 INTEGRATED ECOSYSTEM OF MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET 12
2.2 ARRIVING AT THE OILFEILD EQUIPMENT RENTAL MARKET, MIDDLE EAST: MARKET SIZE 13
2.2.1 TOP-DOWN APPROACH 14
2.2.2 BOTTOM-UP APPROACH 15
2.2.3 DEMAND SIDE APPROACH 16
2.2.4 MACRO INDICATOR-BASED APPROACH 18
2.3 ASSUMPTIONS 19
3 EXECUTIVE SUMMARY 20
4 MARKET OVERVIEW 21
4.1 INTRODUCTION 21
4.2 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: COMPARISON WITH PARENT MARKET 23
4.3 MARKET DRIVERS AND INHIBITORS 24
4.4 KEY MARKET DYNAMICS 25
4.5 DEMAND SIDE ANALYSIS 28
5 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION 29
5.1 INTRODUCTION 30
5.2 MIDDLE EAST ONSHORE OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY 32
5.3 MIDDLE EAST OFFSHORE OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY 33
6 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE 34
6.1 INTRODUCTION 35
6.2 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, TYPE COMPARISON WITH PARENT MARKET 38
6.3 MIDDLE EAST DRIILING EQUIPMENT MARKET, BY COUNTRY 39
6.4 MIDDLE EAST PRESSURE AND FLOW CONTROL EQUIPMENT MARKET, BY COUNTRY 40
6.5 MIDDLE EAST FISHING EQUIPMENT MARKET, BY COUNTRY 41
7 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY 42
7.1 INTRODUCTION 43
7.2 IRAQ OILFIELD EQUIPMENT RENTAL MARKET 44
7.2.1 IRAQ OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION 44
7.2.2 IRAQ OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE 46
7.3 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET 48
7.3.1 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION 48
7.3.2 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE 50
7.4 IRAN OILFIELD EQUIPMENT RENTAL MARKET 52
7.4.1 IRAN OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION 52
7.4.2 IRAN OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE 54
8 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: COMPETITIVE LANDSCAPE 56
8.1 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: COMPANY SHARE ANALYSIS 56
8.2 COMPANY PRESENCE IN OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE 57
8.3 JOINT VENTURES 58
8.4 MERGERS & ACQUISITIONS 58
8.5 NEW PRODUCTS/SERVICES LAUNCHES 58
8.6 NEW CONTRACTS AND AGREEMENTS 60
8.7 OTHER DEVELOPEMENTS 60
9 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: BY COMPANY 61
(Overview, Financials, Products & Services, Strategy, and Developments)*
9.1 WEATHERFORD INTERNATIONAL PLC 61
9.2 SUPERIOR ENERGY SERVICES, INC. 65
9.3 OIL STATES INTERNATIONAL, INC. 69
9.4 FMC TECHNOLOGIES, INC. 73
9.5 KEY ENERGY SERVICES, INC. 76
9.6 SCHLUMBERGER LTD. 78
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted company
APPENDIX 81
10.1 CUSTOMIZATION OPTIONS 81
10.1.1 PRODUCTS AND SERVICES BENCHMARKING ANALYSIS 81
10.1.2 REGULATORY FRAMEWORK 81
10.1.3 IMPACT ANALYSIS 81
10.1.4 CURRENT INDUSTRY CHALLENGES 81
10.1.5 HISTORICAL DATA AND TRENDS 81
10.1.6 OILFIELD EQUIPMENT RENTAL IN DEPTH VALUE CHAIN ANALYSIS 81
10.2 RELATED REPORTS 82
10.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 82
10.3.1 RT SNAPSHOTS 84
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“LIST OF TABLES
TABLE 1 GLOBAL OILFIELD EQUIPMENT RENTAL, PEER MARKET SIZE, 2013 (USD MN) 15
TABLE 2 MIDDLE EAST OILFIELD EQUIPMENT RENTAL APPLICATION MARKET, 2013 (USD MN) 17
TABLE 3 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: MACRO INDICATOR,
BY COUNTRY, 2013 18
TABLE 4 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: COMPARISON WITH PARENT MARKET, 2013 – 2019 (USD MN) 23
TABLE 5 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: DRIVERS AND INHIBITORS 24
TABLE 6 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION,
2013 – 2019 (USD MN) 25
TABLE 7 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE, 2013 – 2019 (USD MN) 26
TABLE 8 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY,
2013 – 2019 (USD MN) 27
TABLE 9 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: COMPARISON WITH PARENT MARKETS, 2013- 2019 (USD MN) 28
TABLE 10 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION,
2013 – 2019 (USD MN) 31
TABLE 11 MIDDLE EAST ONSHORE OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY,
2013 – 2019 (USD MN) 32
TABLE 12 MIDDLE EAST OFFSHORE OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY,
2013 – 2019 (USD MN) 33
TABLE 13 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE, 2013 – 2019 (USD MN) 35
TABLE 14 MIDDLE EAST DRILLING EQUIPMENT MARKET, BY TYPE, 2013 – 2019 (USD MN) 36
TABLE 15 MIDDLE EAST PRESSURE & FLOW CONTROL EQUIPMENT MARKET, BY TYPE,
2013 – 2019 (USD MN) 37
TABLE 16 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: TYPE COMPARISON WITH PARENT MARKET, 2013–2019 (USD MN) 38
TABLE 17 MIDDLE EAST DRILLING EQUIPMENT MARKET, BY COUNTRY 2013–2019 (USD MN) 39
TABLE 18 MIDDLE EAST PRESSURE AND FLOW CONTROL EQUIPMENT MARKET, BY COUNTRY, 2013 – 2019 (USD MN) 40
TABLE 19 MIDDLE EAST FISHING EQUIPMENT MARKET, BY COUNTRY, 2013 – 2019 (USD MN) 41
TABLE 20 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY,
2013 – 2019 (USD MN) 43
TABLE 21 IRAQ OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION, 2013-2019 (USD MN) 45
TABLE 22 IRAQ OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE, 2013 – 2019 (USD MN) 46
TABLE 23 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION
2013 – 2019 (USD MN) 49
TABLE 24 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE,
2013 – 2019 (USD MN) 50
TABLE 25 IRAN OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION,
2013 – 2019 (USD MN) 53
TABLE 26 IRAN OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE, 2013 – 2019 (USD MN) 54
TABLE 27 MIDDLE EAST OILFEILD EQUIPMENT RENTAL MARKET: COMPANY SHARE
ANALYSIS, 2013 (%) 56
TABLE 28 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: JOINT VENTURES 58
TABLE 29 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: MERGERS & ACQUISITIONS 58
TABLE 30 MIDDLE EAST OILFEILD EQUIPMENT RENTALMARKET: NEW PRODUCTS/
SERVICES LAUNCHES 58
TABLE 31 MIDDLE EAST OILFIELD EQUIPMENT RENTAL : NEW CONTRACTS AND AGREEMENTS 60
TABLE 32 MIDDLE EASTOILFIELD EQUIPMENT RENTAL: OTHER DEVELOPMENTS 60
TABLE 33 WEATHERFORD INTERNATIONAL PLC: KEY FINANCIALS, 2009 – 2013 (USD MN) 62
TABLE 34 WEATHERFORD INTERNATIONAL PLC: REVENUE BY GEOGRAPHIC SEGMENT,
2009-2013 (USD MN) 62
TABLE 35 WEATHERFORD INTERNATIONAL PLC: PRODUCT AND SERVICE OFFERINGS 62
TABLE 36 WEATHERFORD INTERNATIONAL PLC: RELATED DEVELOPMENTS 63
TABLE 37 SUPERIOR ENERGY SERVICES, INC : KEY FINANCIALS, 2009 – 2013 (USD MN) 65
TABLE 38 SUPERIOR ENERGY SERVICES, INC : REVENUE BY GEOGRAPHIC SEGMENT,
2009-2013 (USD MN) 66
TABLE 39 SUPERIOR ENERGY SERVICES, INC. : PRODUCT AND SERVICE OFFERINGS 66
TABLE 40 SUPERIOR ENERGY SERVICES, INC. : RELATED DEVELOPEMENTS 68
TABLE 41 OIL STATE INTERNATIONAL, INC.: KEY FINANCIALS 2009 – 2013 (USD MN) 70
TABLE 42 OIL STATE INTERNATIONAL, INC: REVENUE BY GEOGRAPHIC SEGMENT,
2009-2013 (USD MN) 70
TABLE 43 OIL STATE INTERNATIONAL, INC : PRODUCT AND SERVICE OFFERINGS 70
TABLE 44 OIL STATE INTERNATIONAL, INC.: RELATED DEVELOPEMENTS 72
TABLE 45 FMC TECHNOLOGIES, INC. : KEY FINANCIALS, 2009 – 2013 (USD MN) 74
TABLE 46 FMC TECHNOLOGIES, INC. : REVENUE BY GEOGRPHIC SEGMENT, 2009-2013 (USD MN) 74
TABLE 47 FMC TECHNOLOGIES, INC.: PRODUCT AND SERVICE OFFERINGS 74
TABLE 48 FMC TECHNOLOGIES, INC.: RELATED DEVELOPEMENTS 75
TABLE 49 KEY ENERGY SERVICES, INC. : KEY FINANCIALS, 2009 – 2013 (USD MN) 76
TABLE 50 KEY ENERGY SERVICES, INC.: PRODUCT AND SERVICE OFFERINGS 76
TABLE 51 KEY ENERGY SERVICES, INC.: RELATED DEVELOPMENTS 77
TABLE 52 SCLUMBERGER LTD: KEY FINANCIALS, 2009 – 2013 (USD MN) 78
TABLE 53 SCHLUMBERGER LTD.: REVENYE BY BUSINESS SEGMENT, 2009 – 2013 (USD MN) 79
TABLE 54 SCHLUMBERGER LTD. : PRODUCT AND SERVICE OFFERINGS 79
TABLE 55 SCHLUMBERGER LTD.: RELATED DEVELOPMENTS 79
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“LIST OF FIGURES
FIGURE 1 MIDDLE EAST OILFIELD EQUIPMENT MARKET: SEGMENTATION & COVERAGE 11
FIGURE 2 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: INTEGRATED ECOSYSTEM 12
FIGURE 3 RESEARCH METHODOLOGY 13
FIGURE 4 TOP-DOWN APPROACH 14
FIGURE 5 BOTTOM-UP APPROACH 16
FIGURE 6 DEMAND SIDE APPROACH 17
FIGURE 7 MACROINDICATOR-BASED APPROACH 18
FIGURE 8 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET SNAPSHOT 20
FIGURE 9 OILFIELD EQUIPMENT RENRTAL MARKET: GROWTH ASPECTS 22
FIGURE 10 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: COMPARISON WITH
PARENT MARKET 23
FIGURE 11 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION,
2014-2019 (USD MN) 25
FIGURE 12 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY, 2013 (USD MN) 26
FIGURE 13 MIDDLE EAST OILFIELD EQUIPMENT RENTAL: APPLICATION MARKET SCENARIO 30
FIGURE 14 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION,
2014 – 2019 (USD MN) 30
FIGURE 15 MIDDLE EAST ONSHORE OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY,
2013 – 2019 (USD MN) 32
FIGURE 16 MIDDLE EAST OFFSHORE OILFIELD EQUIPMENT RENTAL MARKET, BY COUNTRY,
2013 – 2019 (USD MN) 33
FIGURE 17 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE, 2013 – 2019 (USD MN) 35
FIGURE 18 MIDDLE EAST DRILLING EQUIPMENT MARKET, BY TYPE, 2013 – 2019 (USD MN) 36
FIGURE 19 MIDDLE EAST PRESSURE & FLOW CONTROL EQUIPMENT MARKET, BY TYPE,
2013 – 2019 (USD MN) 37
FIGURE 20 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: TYPE COMPARISON WITH PARENT MARKET, 2013–2019 (USD MN) 38
FIGURE 21 MIDDLE EAST DRILLING EQUIPMENT MARKET, BY COUNTRY, 2013–2019 (USD MN) 39
FIGURE 22 MIDDLE EAST PRESSURE AND FLOW CONTROL EQUIPMENT MARKET, BY COUNTRY, 2013 – 2019 (USD MN) 40
FIGURE 23 MIDDLE EAST FISHING EQUIPMENT MARKET, BY COUNTRY, 2013 – 2019 (USD MN) 41
FIGURE 24 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: GROWTH ANALYSIS, BY COUNTRY, 2014-2019 (USD MN) 43
FIGURE 25 IRAQ OILFIELD EQUIPMENT RENTAL MARKET OVERVIEW, 2014 & 2019 (%) 44
FIGURE 26 IRAQ OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION, 2013-2019 (USD MN) 44
FIGURE 27 IRAQ OILFIELD EQUIPMENT RENTAL MARKET: APPLICATION SNAPSHOT 45
FIGURE 28 IRAQ OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE, 2013 – 2019 (USD MN) 46
FIGURE 29 IRAQ OILFIELD EQUIPMENT RENTAL MARKET SHARE, BY TYPE, 2014-2019 (%) 47
FIGURE 30 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET OVERVIEW, 2014 & 2019 (%) 48
FIGURE 31 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION,
2013-2019 (USD MN) 48
FIGURE 32 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET: APPLICATION SNAPSHOT 49
FIGURE 33 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE,
2013 – 2019 (USD MN) 50
FIGURE 34 SAUDI ARABIA OILFIELD EQUIPMENT RENTAL MARKET SHARE, BY TYPE, 2014-2019 (%) 51
FIGURE 35 IRAN OILFIELD EQUIPMENT RENTAL MARKET OVERVIEW, 2014 & 2019 (%) 52
FIGURE 36 IRAN OILFIELD EQUIPMENT RENTAL MARKET, BY APPLICATION, 2013 – 2019 (USD MN) 52
FIGURE 37 IRAN OILFIELD EQUIPMENT RENTAL MARKET: APPLICATION SNAPSHOT 53
FIGURE 38 IRAN OILFIELD EQUIPMENT RENTAL MARKET, BY TYPE, 2013 – 2019 (USD MN) 54
FIGURE 39 IRAN OILFIELD EQUIPMENT RENTAL MARKET SHARE, BY TYPE, 2014-2019(%) 55
FIGURE 40 MIDDLE EAST OILFIELD EQUIPMENT RENTAL: COMPANY SHARE ANALYSIS, 2013 (%) 56
FIGURE 41 MIDDLE EAST OILFIELD EQUIPMENT RENTAL MARKET: COMPANY PRODUCT COVERAGE, BY TYPE, 2013 57
FIGURE 42 WEATHERFORD INTERNATIONAL PLC: REVENUE MIX, 2013 (%) 61
FIGURE 43 SUPERIOR ENERGY SERVICES, INC. REVENUE MIX, 2013 (%) 65
FIGURE 44 OIL STATES INTERNATIONAL, INC., REVENUE MIX, 2013 (%) 69
FIGURE 45 FMC TECHNOLOGIES, INC. REVENUE MIX, 2013 (%) 73
FIGURE 46 SCHLUMBERGER LTD.: REVENUE MIX, 2013 (%) 78
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