DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Oilfield Rental Market, by Equipment - Drilling (Drillpipe, Drill Collars, Heavy-water, Subs), Pressure Control & Flow Control (BOPs, Valves, and Manifolds), Fishing, and Others - Global Market Trends & Forecast to 2018" report to their offering.
Rising oil & gas prices and increasing drilling activity will drive the global oilfield equipment rental (oilfield rental) market to $46.8 billion by 2018. North America, with its increased focus on unconventional shale plays and keen oil & gas industry, is expected to experience highest revenue growth during the next five years.
The factors driving growth in the OER market are increasing drilling activity and rising oil prices. These factors are driving the production of uneconomical field viable, tendency of drilling contractor & oilfield service providers to rent rather than buy equipment, and advancements in technology that hugely favors renting. Oilfield rental is a highly developing market despite its large base due to growing energy demand. The market is expected to experience high growth due to the increasing oilfield expenditure and flourishing oil & gas industry of Africa and Latin America.
Oilfield rental industry is highly fragmented and localized. Most players in this industry are very small and have a very paltry area of influence, barring a few which are genuinely the rental divisions of big OFS (oilfield service) provider companies. One's offering rental tools in unconventional shale plays and ultra deep-water fields are the most successful rental companies. Through mergers and acquisitions, many large-cap oilfield service companies have been able to bring several complementary technologies under one provider.
This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Chesapeake Oilfield Services LLC (U.S.), Superior Energy Services Inc. (U.S.), Weatherford International Ltd (Switzerland), Precision Drilling Corporation (Canada), etc. have also been profiled in this report.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Oilfield Equipment Rental Market, By Equipment
6 Oilfield Equipment Rental Market, By Geography
7 Competitive Landscape
8 Company Profiles
Companies Mentioned
- Aos Orwell Limited
- Basic Energy Services Inc.
- Chesapeake Oilfield Services Llc
- Cor International Llc
- Fmc Technologies
- Greenes Energy Group
- Halliburton Co.
- Independent Oil Tools As
- Iroc Energy Services Corp.
- Key Energy Services
- Knight Oil Tools Inc.
- Oil States International Inc.
- Parker Drilling Co.
- Precision Drilling Corporation
- Rpc Inc.
- Savanna Energy Services Corp.
- Schlumberger Limited
- Superior Energy Services Inc.
- Tasman Oil Tools
- Weatherford International Ltd
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