REPORT DESCRIPTION
Global Oilfield Services Market : Overview
Oilfield services refers to various oil related activities such as exploration , drilling , stimulation , completion , intervention , and production for the entire life cycle of the well exploration . These services help the operators in exploring and producing oil and gas from reservoirs by aid in perforation , well logging , well stimulation , zonal isolation , setting tubing plugs , and sand washing . With constantly increasing population , the oil and gas industry is currently thriving , and consequently the demand in the global oilfield services market is estimates to expand at a robust growth rate during the forecast period of 2016 to 2024 .
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This report on global market for oil field services is an exhaustive analysis of all the prominent factors that are expected to influence the demand in the near future , positively or negative . And based on the analysis , it estimates the future state of the market until 2024 . The report also takes a note of latest trends of the market , which must be noted by the players in order to make more of new opportunities . The company profile section of the report is a featured one , exploring various companies for their market share , competitors , and recent strategic decisions such as acquisitions and collaborations .
The global oilfield services market can be segmented on the basis of application into onshore and offshore and by services into drilling and production . Geographically , the report studies the opportunities available in the regions of North America , Europe , Asia Pacific , the Middle East and Africa , and Rest of the World .
Global Oilfield Services Market : Trends & Opportunities
New oil and gas fields are being discovered in order to meet the escalating demand , especially from the end-user sectors such as transportation , power plants , and other industries , is the primary driver of this market , besides increasing volume of crude oil production . The report also observes that enhanced oil recovery ( EOR ) technique , which involves gas injection , thermal injection , and chemical injection , is revolutionizing