Oilfield equipment market is expected to
expand due to various factors that drive the market. The factors include, oil
price recovery, increasing oil exploration and field development activities,
rising number of mature oil wells. For instance, in April 2018, Carnarvon
Petroleum Ltd., Perth, has announced its plans for redevelopment of Buffalo oil
field in the Timor Sea. The field now lies completely within the jurisdiction
of East Timor following the signing of the Maritime Boundary Treaty with
Australia earlier this year.
The oilfield service industry is
completely dependent on upstream operations thus, in this scenario, it will be
profited. Oilfield equipment are elementary equipment used for the development
of successfully explored oilfields. These include a wide range of equipment
that perform the functions starting from drilling to well completion. The main
functions of oilfield equipment include drilling, data acquisition, well
intervention, well logging, well completion, pressure maintenance, flow
control, and others.
Get
Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/1392
Segmental
Analysis
Global oilfield equipment market is
segmented on the basis of equipment, type and region. Based on equipment the
market is further segmented into Drilling Equipment, Field Production
Machinery, Pumps, Valves, Others. Amongst these segments, drilling equipment
segments holds the largest share due to increased number of drilling projects
across the globe.
On the basis of type, market is classified
as drilling (Drill Pipe, Drill Collars), Pressure & Flow control (BOP,
Valves, Manifold). Drill Pipe segment accounts for the largest market share due
to large drilling activities in offshore and onshore. Also, shale production,
which requires drill pipes as an essential set of equipment, has witnessed
growth.
Regional
Outlook
North America region held the largest
market share in oilfield equipment market. In North America region exploration
activities and rock study activities for shale oil, oil sands, and carbonate
rocks are rising. For instance, the production from shale oil in 2017 was 4.67
million barrels, which contributed half of the total oil produce from U.S. Asia
Pacific and Africa region are likely to lead to the growth of oilfield
equipment market. Major growth is attributed to the discoveries in Gulf of
Thailand, and South China Sea from Asia Pacific and Mediterranean Sea and Egypt
desert from Africa.
Access
Full Report @ https://www.marketresearchfuture.com/reports/oil-field-equipment-market-1392
Prominent
Players
The key players of global wireline
services market are GE Oil and Gas (U.S.), Weatherford International (U.S.),
Schlumberger (U.S.), Superior Energy Services (U.S.), Pioneer Energy Services
Corp. (U.S.), C&J Energy Services Ltd. (U.S.), and National Oilwell Varco,
Inc. (U.S.). Halliburton (U.S.), Basic Energy Services, Inc. (U.S.), Expro
International Group Holding Ltd. (UK), Wireline Engineering Ltd. (UK), Oilserv
(UAE), SGS (Switzerland), ABB Oil, and Gas and Petrochemical Business Unit
(Switzerland) are among others.
About
Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment