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Report
Europe and Middle East Oilfield Services Market- Industry Trends and Forecast to 2030
Market Report I 2023-07-01 I 207 Pages I Data Bridge Market Research
The Europe and Middle East oilfield services market is expected to reach USD 131,230.78 million by 2030 from USD 84,150.07 million in 2022, growing at a CAGR of 5.8% during the forecast period of 2023 to 2030.
Market Segmentation
Europe and Middle East Oilfield Services Market, By Type (Equipment Rental, Field Operations, Analytical Services, and Consulting Services), Service Type (Drilling Services, Completion and Workover Services, Production Services, Processing and Separation Services, Reservoir Services, Seismic Services, Subsea Services, and Other Services), Application (Onshore and Offshore), Country (Russia, Norway, U.K., Denmark, Italy, Turkey, Germany, Netherlands, France, Spain, Switzerland, Belgium, Finland, Sweden, Rest of Europe, Saudi Arabia, U.A.E., Kuwait, Qatar, Oman, Bahrain, Israel, and Rest of Middle East)
Some of the major factors contributing to the growth of the Europe and Middle East oilfield services market are:
Driver
- Rising penetration of emerging technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) in the oil and gas sector
Restraint
- Volatility in the prices of crude oil
Opportunity
- Rise in demand for well-intervention services and operational digital oilfield solutions
Market Players
Some of the major market players operating in the Europe and Middle East oilfield services market are:
- NAPESCO
- SLB
- Halliburton
- Baker Hughes Company
- ABB
- Weatherford
- Rockwell Automation
- Siemens Energy
- SAIPEM SpA
- Petrofac Limited
- Oil States International, Inc.
- Oceaneering International
- TRANSOCEAN LTD.
- NOV Inc.
- TAQA KSA
- Superior Energy Services
- Stark Oilfield Service Company
- MIDDLE EAST OILFIELD SERVICES LLC
- Abu Dhabi Oilfield Services Company
- ADNOC Group
TABLE OF CONTENTS
1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 OVERVIEW 20
1.4 LIMITATIONS 21
1.5 MARKETS COVERED 21
2 MARKET SEGMENTATION 24
2.1 MARKETS COVERED 24
2.2 GEOGRAPHICAL SCOPE 25
2.3 YEARS CONSIDERED FOR THE STUDY 25
2.4 CURRENCY AND PRICING 26
2.5 DBMR TRIPOD DATA VALIDATION MODEL 27
2.6 MULTIVARIATE MODELLING 30
2.7 TYPE LIFELINE CURVE 31
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 32
2.9 DBMR MARKET POSITION GRID 33
2.10 MARKET APPLICATION COVERAGE GRID 34
2.11 DBMR MARKET CHALLENGE MATRIX 35
2.12 SECONDARY SOURCES 36
2.13 ASSUMPTIONS 37
3 EXECUTIVE SUMMARY 38
4 PREMIUM INSIGHTS 40
4.1 PORTER'S FIVE FORCES: EUROPE AND MIDDLE EAST OILFIELD SERVICES MARKET 41
4.1.1 THREAT OF NEW ENTRANTS 41
4.1.2 THREAT OF SUBSTITUTES 42
4.1.3 CUSTOMER BARGAINING POWER 42
4.1.4 SUPPLIER BARGAINING POWER 42
4.1.5 INTERNAL COMPETITION (RIVALRY) 42
4.2 PESTLE ANALYSIS 43
4.2.1 POLITICAL FACTORS 43
4.2.2 ECONOMIC FACTORS 44
4.2.3 SOCIAL FACTORS 44
4.2.4 TECHNOLOGICAL FACTORS 44
4.2.5 LEGAL FACTORS 45
4.2.6 ENVIRONMENTAL FACTORS 46
4.3 VENDOR SELECTION CRITERIA 47
4.4 CLIMATE CHANGE SCENARIO 49
4.4.1 ENVIRONMENTAL CONCERNS 49
4.4.2 INDUSTRY RESPONSE 49
4.4.3 GOVERNMENT'S ROLE 49
4.4.4 ANALYST RECOMMENDATION 49
4.5 RAW MATERIAL COVERAGE 50
4.5.1 STEEL 50
4.5.2 ALLOYS 50
4.5.2.1 NICKEL ALLOYS 50
4.5.2.1.1 INCONEL 50
4.5.2.1.2 HASTELLOY 50
4.5.2.2 CHROMIUM-MOLYBDENUM (CR-MO) ALLOYS 50
4.5.2.2.1 4130 AND 4140 51
4.5.2.2.2 9CR AND 13CR STAINLESS STEELS 51
4.5.2.3 TITANIUM ALLOYS 51
4.5.2.3.1 GRADE 5 (TI-6AL-4V) 51
4.5.2.3.2 GRADE 2 (TI-CP) 51
4.5.3 TUNGSTEN AND COBALT 51
4.5.4 SYNTHETIC DIAMONDS 52
4.5.5 TITANIUM 52
4.6 SUPPLY CHAIN ANALYSIS 53
4.6.1 OVERVIEW 53
4.6.2 LOGISTIC COST SCENARIO 53
4.6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 53
4.7 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 54
4.8 PRICING ANALYSIS BENCHMARKING OVERVIEW 55
4.8.1 DRILLING COSTS 56
4.8.2 WELL COMPLETION SERVICES 56
4.8.3 FLUIDS, CEMENTING, AND TOOLS SERVICES 56
5 REGULATORY FRAMEWORK AND GUIDELINES 57
5.1 REGULATORY FRAMEWORK AND GUIDELINES 57
6 MARKET OVERVIEW 60
6.1 DRIVERS 62
6.1.1 RISING PENETRATION OF EMERGING TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE (AI) AND INTERNET OF THINGS (IOT) IN THE OIL AND GAS SECTOR 62
6.1.2 SHIFTING FOCUS TOWARDS UNCONVENTIONAL ENERGY SOURCES SUCH AS SHALE GAS 63
6.1.3 GROWING ADOPTION OF TECHNOLOGIES SUCH AS EOR ESPECIALLY FOR AGING OIL FIELDS 63
6.2 RESTRAINTS 64
6.2.1 STRINGENT LAWS & REGULATIONS BY VARIOUS REGULATORY BODIES 64
6.2.2 VOLATILITY IN THE PRICES OF CRUDE OIL 65
6.3 OPPORTUNITIES 66
6.3.1 RISE IN DEMAND FOR WELL-INTERVENTION SERVICES AND OPERATIONAL DIGITAL OILFIELD SOLUTIONS 66
6.3.2 RISE OF IMMERSIVE TECHNOLOGY AND CLOUD-BASED DIGITAL OILFIELDS SOLUTION 66
6.4 CHALLENGES 68
6.4.1 INDUSTRIAL DOWNFALL DUE TO GEOPOLITICAL AND ECONOMIC FACTORS 68
6.4.2 REALIGNING THE FOCUS TOWARDS RENEWABLE OR CLEAN ENERGY RESOURCES 69
7 EUROPE AND MIDDLE EAST OILFIELD SERVICES MARKET, BY REGION 70
7.1 OVERVIEW 70
7.2 MIDDLE EAST 76
7.2.1 SAUDI ARABIA 82
7.2.2 UNITED ARAB EMIRATES 85
7.2.3 KUWAIT 88
7.2.4 QATAR 91
7.2.5 OMAN 94
7.2.6 BAHRAIN 97
7.2.7 ISRAEL 100
7.2.8 REST OF MIDDLE EAST 103
7.3 EUROPE 104
7.3.1 RUSSIA 111
7.3.2 NORWAY 114
7.3.3 U.K. 117
7.3.4 DENMARK 120
7.3.5 ITALY 123
7.3.6 TURKEY 126
7.3.7 GERMANY 129
7.3.8 NETHERLANDS 132
7.3.9 FRANCE 135
7.3.10 SPAIN 138
7.3.11 SWITZERLAND 141
7.3.12 BELGIUM 144
7.3.13 FINLAND 147
7.3.14 SWEDEN 150
7.3.15 REST OF EUROPE 153
8 EUROPE AND MIDDLE EAST OILFIELD SERVICES MARKET: COMPANY LANDSCAPE 154
8.1 COMPANY SHARE ANALYSIS: EUROPE AND MIDDLE EAST 154
8.2 COMPANY SHARE ANALYSIS: EUROPE 155
8.3 COMPANY SHARE ANALYSIS: MIDDLE EAST 156
9 SWOT ANALYSIS 157
10 COMPANY PROFILES 158
10.1 ADNOC GROUP 158
10.1.1 COMPANY SNAPSHOT 158
10.1.2 PRODUCT PORTFOLIO 158
10.1.3 RECENT DEVELOPMENTS 159
10.2 HALLIBURTON 160
10.2.1 COMPANY SNAPSHOT 160
10.2.2 REVENUE ANALYSIS 160
10.2.3 PRODUCT PORTFOLIO 161
10.2.4 RECENT DEVELOPMENTS 162
10.3 SLB 163
10.3.1 COMPANY SNAPSHOT 163
10.3.2 REVENUE ANALYSIS 164
10.3.3 PRODUCT PORTFOLIO 164
10.3.4 RECENT DEVELOPMENT 165
10.4 BAKER HUGHES COMPANY 166
10.4.1 COMPANY SNAPSHOT 166
10.4.2 REVENUE ANALYSIS 166
10.4.3 PRODUCT PORTFOLIO 167
10.4.4 RECENT DEVELOPMENT 167
10.5 WEATHERFORD 168
10.5.1 COMPANY SNAPSHOT 168
10.5.2 REVENUE ANALYSIS 169
10.5.3 PRODUCT PORTFOLIO 169
10.5.4 RECENT DEVELOPMENTS 170
10.6 ABB 171
10.6.1 COMPANY SNAPSHOT 171
10.6.2 REVENUE ANALYSIS 172
10.6.3 PRODUCT PORTFOLIO 172
10.6.4 RECENT DEVELOPMENT 173
10.7 ABU DHABI OILFIELD SERVICES COMPANY 174
10.7.1 COMPANY SNAPSHOT 174
10.7.2 PRODUCT PORTFOLIO 174
10.7.3 RECENT DEVELOPMENTS 176
10.8 MIDDLE EAST OILFIELD SERVICES LLC. 177
10.8.1 COMPANY SNAPSHOT 177
10.8.2 PRODUCT PORTFOLIO 177
10.8.3 RECENT DEVELOPMENTS 177
10.9 NAPESCO 178
10.9.1 COMPANY SNAPSHOT 178
10.9.2 REVENUE ANALYSIS 178
10.9.3 PRODUCT PORTFOLIO 179
10.9.4 RECENT DEVELOPMENT 179
10.10 NOV INC. 180
10.10.1 COMPANY SNAPSHOT 180
10.10.2 REVENUE ANALYSIS 180
10.10.3 PRODUCT PORTFOLIO 181
10.10.4 RECENT DEVELOPMENT 182
10.11 OCEANEERING INTERNATIONAL, INC. 183
10.11.1 COMPANY SNAPSHOT 183
10.11.2 REVENUE ANALYSIS 183
10.11.3 PRODUCT PORTFOLIO 184
10.11.4 RECENT DEVELOPMENT 185
10.12 OIL STATES INTERNATIONAL, INC. 186
10.12.1 COMPANY SNAPSHOT 186
10.12.2 REVENUE ANALYSIS 186
10.12.3 PRODUCT PORTFOLIO 187
10.12.4 RECENT DEVELOPMENTS 187
10.13 PETROFAC LIMITED 188
10.13.1 COMPANY SNAPSHOT 188
10.13.2 REVENUE ANALYSIS 188
10.13.3 PRODUCT PORTFOLIO 189
10.13.4 RECENT DEVELOPMENTS 189
10.14 ROCKWELL AUTOMATION 190
10.14.1 COMPANY SNAPSHOT 190
10.14.2 REVENUE ANALYSIS 190
10.14.3 PRODUCT PORTFOLIO 191
10.14.4 RECENT DEVELOPMENTS 191
10.15 SAIPEM 192
10.15.1 COMPANY SNAPSHOT 192
10.15.2 REVENUE ANALYSIS 192
10.15.3 PRODUCT PORTFOLIO 193
10.15.4 RECENT DEVELOPMENTS 193
10.16 SIEMENS ENERGY 194
10.16.1 COMPANY SNAPSHOT 194
10.16.1 REVENUE ANALYSIS 194
10.16.2 PRODUCT PORTFOLIO 195
10.16.3 RECENT DEVELOPMENT 195
10.17 STARK OILFIELD SERVICE COMPANY 196
10.17.1 COMPANY SNAPSHOT 196
10.17.2 PRODUCT PORTFOLIO 196
10.17.3 RECENT DEVELOPMENTS 197
10.18 SUPERIOR ENERGY SERVICES 198
10.18.1 COMPANY SNAPSHOT 198
10.18.2 REVENUE ANALYSIS 198
10.18.3 PRODUCT PORTFOLIO 198
10.18.4 RECENT DEVELOPMENTS 200
10.19 TAQA KSA 201
10.19.1 COMPANY SNAPSHOT 201
10.19.2 REVENUE ANALYSIS 201
10.19.3 PRODUCT PORTFOLIO 202
10.19.4 RECENT DEVELOPMENT 202
10.20 TRANSOCEAN LTD. 203
10.20.1 COMPANY SNAPSHOT 203
10.20.2 REVENUE ANALYSIS 203
10.20.3 PRODUCT PORTFOLIO 204
10.20.4 RECENT DEVELOPMENTS 204
11 QUESTIONNAIRE 205
12 RELATED REPORTS 207
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