The Drilling Services Market of Middle East is Expected to Reach USD 88 Billion in the Near Future REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Oil and Gas industry is highly volatile and cyclical market. The growth of oilfield services industry was directly proportional to the growth in oil and gas industry. The global oilfield services industry was highly competitive with a lion’s share occupied by the Big Four’s, namely, Schlumberger, Halliburton, Baker Hughes and Weatherford. The companies which provide drilling services such as Noble Drilling Corporation, Transocean, Nabors Industries and others were engaged in providing the services on contractual basis. These companies provides drilling rigs, associated equipments and tools along with the related crew, and charged the upstream companies on day rate basis majorly. Exploration and production of gas is complex. Each step of the value chain requires complex technology which is provided by OFS and drilling services companies. Reservoirs of oil and gas are identified through seismic surveys, geological modeling and field work, exploratory drilling and other procedures. The OFS companies provide a broad range of products and services ranging from seismic surveys to deep and ultra deep water drilling. Broadly, the OFS services can be divided into five stages which are reservoir/seismic surveys, exploration & production drilling, engineering, fabrication and installations, operations and finally the decommissioning of the well. The oil industry is mainly divided into three subdivisions which are mainly upstream, midstream and downstream. Oil and gas producers depend primarily on the OFS companies to maintain, develop and support their operations at all levels of exploration and production of an oilfield. OFS companies provide services at all levels of value of chain. Such as for upstream companies they provide well drilling and maintenance services, seismic surveys, well construction and completion along with construction and logistics, to midstream companies they provide services for storage, laying of pipelines, tank farms, etc. and to downstream companies they provide EPC services. Pressure pumping services are considered as an integral part of well services in India. The main drivers for the pressure pumping market in Middle East were to increase the asset value, to augment the productivity and yield of an oilfield and to achieve more proximity with the proven reserves. The pressure pumping services are provided by a number of players in the region which resulted into a lower market share of the international OFS companies. The pressure pumping services of Halliburton were majorly restricted to the growth witnessed in regions like Saudi Arabia and Oman which accounted for less market share in contrast with Schlumberger. With its first oil discovery made in 1933, Saudi Arabia now shares a foremost and influential role in the global oil and gas industry. With the lowest production costs all over the world, largest exporter of total petroleum products. With the increasing consumption of oil in the region which accounted to almost 3 million barrels per day, the country aims to augment its production capacity. The major offshore oil and gas production in Saudi Arabia comes from the giant field such as Safaniya , Ghawar and others. The large scale development projects in Saudi Arabia made it a large consumer of energy. For further detail information please follow the below mentioned link: https://www.kenresearch.com/energy-and-utilities/oil/middle-east-oilfield-and-drilling-services-market-report/3260-103.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@Kenresearch.Com +91-9015378249 Post Views: 1 Tags: Age of Stationary Iran, Drilling Services, Egypt Investment Model Rig, Halliburton Market Share, Iran Drilling Activities Statistics, Iranian Oil Company, Iraq Exploration Production, Iraq Floating Fleet, Jackup Design Class Properties Average Day rate Middle East, Kuwait Drill Pipes, Middle East Active Rigs Statistics, Oil and Gas Projects in UAE, Oil Gas Value Chain, Oman Deal Activity, PEST Analysis Middle East Oilfield, Qatar Oil Country Tubular Goods OCTG Market, Reserves in Million Barrels Saudi Arabia, Saudi Arabia Drilling Services Market, Schlumberger Market Revenue, UAE Oilfield Services Market, UAE Oilfields and Producing Wells, Utilization Rate Saudi Arabia