Impact of Low Oil Price on Oilfield Equipment and Service Market, 2017

The Oilfield Service and Equipment Market Experienced a Double-dip Negative Growth in 2015 and 2016, but is Expected to Rebound with the Recovery of Oil Prices

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The global oilfield services and equipment market is still recovering from the 2015 oil price crash, as oil companies are still trying to consolidate their position by reevaluating their capital expenditure. The oilfield services and equipment market has four main segments - drilling, completion, capital equipment, and production. While some segments like completion are recovering well, others like drilling are yet to show positive growth. As unconventional resources are very expensive to explore, many rigs across the globe have been idle. The huge backlog has led to deferred credits, which affect the bottom lines of oilfields equipment and service companies.The study aims to analyze and forecast the impact of

Research Scope

  • Segmentation and sub-segmentation of various oilfield services
  • Market trends (revenue estimation for each segment and sub-segment)
  • Market share analysis of various oilfield services and equipment
  • Long-term growth trend of each segment and sub-segment

Market measurements are analyzed from 2010 to 2017, with 2016 being the base year. The revenue estimation for each sub-segment is obtained from annual reports and analyses of various drivers and restraints. As the study addresses the short-term impact of oil prices on oilfield equipment, revenue growth has been forecast only for 2017. Only segments that are critical for operation and have significant market share have been considered for study. An indexing method has been used to observe the trends in various oilfield segments, based on which an impact assessment has been made. The study also covers the market share analysis to identify the changing dynamics of the competitive structure. Lastly, based on the analysis, the growth opportunities of key segments are evaluated and the strategic imperatives for success are identified.


Key Issues Addressed

  • What is the status of the global oilfield equipment and services market?
  • How has the market share evolved for various oilfield segments?
  • What is the impact of oil prices on various oilfield segments and sub-segments?
  • What are the major trends observed in various oilfield segments in 2017?
  • What are the emerging regions for various oilfield services and equipment?

Table of Contents

1. Executive Summary
Key Findings
2. Market Overview
Scope and Segmentation
Trends in Historical Oil Prices for WTI and Brent
Global Total Rig Count versus Benchmark Crude Oil Price
Impact of Low Oil Price in Oilfield Equipment—Regional Rig Count Summary
Key Predictions for Oil and Gas Numbers in 2017
Oilfield Services
Market Segmentation of Oilfield Equipment and Services
3. Impact of Low Oil Price—Drilling Segment
Impact of Low Oil Price—Offshore Contract Drilling
Impact of Low Oil Price—Land Contract Drilling
Impact of Low Oil Price—Directional Drilling Services
Impact of Low Oil Price—Logging While Drilling (LWD)
Impact of Low Oil Price—Casing and Tubing
Impact of Low Oil Price—Surface Data Logging
4. Impact of Low Oil Price—Completion Segment
Impact of Low Oil Price—Hydraulic Fracturing
Impact of Low Oil Price—Wireline Logging
Impact of Low Oil Price—Subsea Equipment
Impact of Low Oil Price—Surface Equipment
Impact of Low Oil Price—Completion Equipment
Impact of Low Oil Price—Coiled Tubing Services
5. Impact of Low Oil Price—Capital Equipment
Impact of Low Oil Price—Offshore Construction
Impact of Low Oil Price—Rig Equipment
Impact of Low Oil Price—Downhole Drilling Tools
6. Impact of Low Oil Price—Production Equipment
Impact of Low Oil Price—Artificial Lifts
7. Growth Opportunities and Companies to Action
Growth Opportunity 1—Hydraulic Fracturing
Strategic Imperatives for Success and Growth
Growth Opportunity 2—Directional Drilling
Strategic Imperatives for Success and Growth
8. Conclusion
Conclusion
Legal Disclaimer
9. Appendix
List of Exhibits
Abbreviations and Acronyms Used
10. The Frost & Sullivan Story

Infographic



List of Figures & Charts

1. Oil and Gas Industry: Natural Gas Price, Global, 2016 and 2017


1. Oilfield Equipment and Services Market: Benchmark Crude Oil Prices, Global, 2014–2017
2. Oilfield Equipment and Services Market: Average Rig Count versus Oil Price, Global, 2016–2017
3. Oilfield Equipment and Services Market: Regional Average Rig Count, Global, 2015–2017
4. Oilfield Equipment and Services Market: Oilfield Services Market Share, Global, 2016
5. Oilfield Equipment and Services Market: Offshore Contract Drilling Revenue Forecast, Global, 2010–2017
6. Oilfield Equipment and Services Market: Offshore Contract Drilling Index, Global, 2005–2017
7. Oilfield Equipment and Services Market: Offshore Contract Drilling Market Share, Global, 2005
8. Oilfield Equipment and Services Market: Offshore Contract Drilling Market Share, Global, 2016
9. Oilfield Equipment and Services Market: Land Contract Drilling Revenue Forecast, Global, 2010–2017
10. Oilfield Equipment and Services Market: Land Contract Drilling Index, Global, 2005–2017
11. Oilfield Equipment and Services Market: Land Contract Drilling Market Share, Global, 2005
12. Oilfield Equipment and Services Market: Land Contract Drilling Market Share, Global, 2016
13. Oilfield Equipment and Services Market: Directional Drilling Services Revenue Forecast, Global, 2010–2017
14. Oilfield Equipment and Services Market: Directional Drilling Services Index, Global, 2005–2017
15. Oilfield Equipment and Services Market: Directional Drilling Services Market Share, Global, 2005
16. Oilfield Equipment and Services Market: Directional Drilling Services Market Share, Global, 2016
17. Oilfield Equipment and Services Market: Logging While Drilling Revenue Forecast, Global, 2010–2017
18. Oilfield Equipment and Services Market: Logging While Drilling Index, Global, 2005–2017
19. Oilfield Equipment and Services Market: Logging While Drilling Market Share, Global, 2005
20. Oilfield Equipment and Services Market: Logging While Drilling Market Share, Global, 2016
21. Oilfield Equipment and Services Market: Casing and Tubing Revenue Forecast, Global, 2010–2017
22. Oilfield Equipment and Services Market: Casing and Tubing Index, Global, 2005–2017
23. Oilfield Equipment and Services Market: Casing and Tubing Market Share, Global, 2005
24. Oilfield Equipment and Services Market: Casing and Tubing Market Share, Global, 2016
25. Oilfield Equipment and Services Market: Surface Data Logging Revenue Forecast, Global, 2010–2017
26. Oilfield Equipment and Services Market: Surface Data Logging Index, Global, 2005–2017
27. Oilfield Equipment and Services Market: Surface Data Logging Market Share, Global, 2005
28. Oilfield Equipment and Services Market: Surface Data Logging Market Share, Global, 2016
29. Oilfield Equipment and Services Market: Hydraulic Fracturing Revenue Forecast, Global, 2010–2017
30. Oilfield Equipment and Services Market: Hydraulic Fracturing Index, Global, 2005–2017
31. Oilfield Equipment and Services Market: Hydraulic Fracturing Market Share, Global, 2005
32. Oilfield Equipment and Services Market: Hydraulic Fracturing Market Share, Global, 2016
33. Oilfield Equipment and Services Market: Wireline Logging Revenue Forecast, Global, 2010–2017
34. Oilfield Equipment and Services Market: Wireline Logging Index, Global, 2005–2017
35. Oilfield Equipment and Services Market: Wireline Logging Market Share, Global, 2005
36. Oilfield Equipment and Services Market: Wireline Logging Market Share, Global, 2016
37. Oilfield Equipment and Services Market: Subsea Equipment Revenue Forecast, Global, 2010–2017
38. Oilfield Equipment and Services Market: Subsea Equipment Index, Global, 2005–2017
39. Oilfield Equipment and Services Market: Subsea Equipment Market Share, Global, 2005
40. Oilfield Equipment and Services Market: Subsea Equipment Market Share, Global, 2016
41. Oilfield Equipment and Services Market: Surface Equipment Revenue Forecast, Global, 2010–2017
42. Oilfield Equipment and Services Market: Surface Equipment Index, Global, 2005–2017
43. Oilfield Equipment and Services Market: Surface Equipment Market Share, Global, 2005
44. Oilfield Equipment and Services Market: Surface Equipment Market Share, Global, 2016
45. Oilfield Equipment and Services Market: Completion Equipment Revenue Forecast, Global, 2010–2017
46. Oilfield Equipment and Services Market: Completion Equipment Index, Global, 2005–2017
47. Oilfield Equipment and Services Market: Completion Equipment Market Share, Global, 2005
48. Oilfield Equipment and Services Market: Completion Equipment Market Share, Global, 2016
49. Oilfield Equipment and Services Market: Coiled Tubing Services Revenue Forecast, Global, 2010–2017
50. Oilfield Equipment and Services Market: Coiled Tubing Index, Global, 2005–2017
51. Oilfield Equipment and Services Market: Coiled Tubing Market Share, Global, 2005
52. Oilfield Equipment and Services Market: Coiled Tubing Market Share, Global, 2016
53. Oilfield Equipment and Services Market: Offshore Construction Revenue Forecast, Global, 2010–2017
54. Oilfield Equipment and Services Market: Offshore Construction Index, Global, 2005–2017
55. Oilfield Equipment and Services Market: Offshore Construction Market Share, Global, 2005
56. Oilfield Equipment and Services Market: Offshore Construction Market Share, Global, 2016
57. Oilfield Equipment and Services Market: Rig Equipment Revenue Forecast, Global, 2010–2017
58. Oilfield Equipment and Services Market: Rig Equipment Index, Global, 2005–2017
59. Oilfield Equipment and Services Market: Rig Equipment Market Share, Global, 2005
60. Oilfield Equipment and Services Market: Rig Equipment Market Share, Global, 2016
61. Oilfield Equipment and Services Market: Downhole Drilling Tools Revenue Forecast, Global, 2010–2017
62. Oilfield Equipment and Services Market: Downhole Drilling Tool Index, Global, 2005–2017
63. Oilfield Equipment and Services Market: Downhole Drilling Tools Market Share, Global, 2005
64. Oilfield Equipment and Services Market: Downhole Drilling Tools Market Share, Global, 2016
65. Oilfield Equipment and Services Market: Artificial Lifts Revenue Forecast, Global, 2010–2017
66. Oilfield Equipment and Services Market: Artificial Lifts Index, Global, 2005–2017
67. Oilfield Equipment and Services Market: Artificial Lifts Market Share, Global, 2005
68. Oilfield Equipment and Services Market: Artificial Lifts Market Share, Global, 2016



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