Iraq Oilfield Services Market is Expected to Reach USD 11.2 Billion in
2022: Ken Research
Iraq Oilfield Services Market by Region (North and South), by Type (Operations,
Engineering and Fabrication, Reservoir/ Seismic Services and Exploration,
Decommissioning). Iraq Drilling Services Market by Region (North and South) Market Share
of Major players in Iraq Oilfield Services Market (Schlumberger, Halliburton, Weatherford,
Baker Hughes and others).
December 2017 |Iraq News
End of ISIS control in northern Iraq and political stability in country is expected to
have positive impact on development of oil and oilfield services industry in the
country.
Foreign companies are expected to continue their dominance in the Iraqi oilfield
services market as domestic companies lack technology and R&D infrastructure.
Drilling Services will pick up demand as Iraq expands its oil production capacity to
more than 6.0 million barrels per day.
Iraq drilling and oil field services is expected to register double digit growth in the
Northern Iraq with services mainly related to repair and maintenance of damaged
wells during war.
The Oil Ministry invited bids to develop three fields in southeastern Maysan province, Dujail,
Kumait and Rifai. The Ministry of oil in Iraq has projected that country will be able to
achieve an output of 6 mbopd by 2021 with majority of the oil coming from south of Iraq.
Iraq is planning to start offshore oil and gas exploration to boost the OPEC nation’s reserves.