The Russian oilfield services market is growing fast, and this growth is fueled by both technology innovation and structural changes in the petroleum industry.
Since the last issue of this report, Russian companies have rapidly increased the scope of applications involving advanced well stimulation and enhanced oil recovery techniques. The beginning of 2013 saw the closing of a mega deal as Rosneft acquired TNK-BP, which made Rosneft the world’s largest petroleum company.
These developments have already affected the makeup and financial performance of the oil services market, and this impact is likely to be felt over the next two to three years. For these reasons RPI has turned its focus back on studying the oilfield services market.
RPI has published studies on the
Russian Oilfield Services Market since 2005. The company has been closely following the changing oilfield services market in order to be able to give the readers conclusive results of exhaustive analyses relying on the knowledge base and expertise accumulated.
This version of the report covers activities of a broad range of oil and gas companies. The drilling market analysis section has been updated with details on horizontal drilling techniques and outlook for their application over the next few years. The report showcases several oilfield service market segments, such as cementing and well completion, and MWD/LWD (measuring while drilling/logging while drilling) services. The report offers market size valuations for all of the oilfield services segments it reviewed.
The main sections of the study cover the following:
• Profiles of the major production and drilling projects implemented by the companies;
• Evaluation of the key oilfield services market segments in commodity and financial terms;
• Projections for the development of oilfield services market and its segments from 2013 through 2022.
The study offers a broader range and greater depth of insight compared to other market studies and would considerably reduce time and expense in acquiring and analyzing market data.
The proposed projections rely on thorough analysis of the current market risks as linked to the relevant oilfield services market segments, which would enable the oilfield services companies to tailor the study to the needs of their various divisions.
The study might be of interest also to the oil companies as it gives them a better chance to be impartial in analyzing their own operations and get a better idea of the oilfield services market.
The players on the oilfield services market may use the information given in this study to great advantage in making strategic plans, evaluating their own potential impartially and setting the goals for better operations performance.
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