Date post: | 10-Aug-2015 |
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Oilfield Equipment Rental Market in Middle East 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
For more information on the
Oilfield Equipment Rental Market in Middle East
2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “New oil and gas discoveries and increased drilling and production activities in the Middle East are propelling the market growth. Many countries in the Middle East have discovered new oil and gas fields, which is likely to have a significant influence on the market. Apart from this, a growing tendency toward renting oilfield equipment rather than buying it has lowered the capex and opex of E&P projects.”
• The extraction of oil and gas requires a wide range of oilfield equipment. These equipment are usually rented by oil and gas operators to lower their capital expenditure. Increase in oil and gas exploration, especially development of unconventional reserves, is expected to result in the growth of the oilfield equipment rental market.
• Technavio's analysts forecast the oilfield equipment rental market in the Middle East to grow at a CAGR of 12.43% in terms of revenue over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Oilfield Equipment Rental Market in Middle East 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our
report:
Oilfield Equipment Rental Market in Middle East 2015-2019
FMC Technologies
Halliburton
Schlumberger
FMC Technologies, established in 2000, is headquartered in Houston, Texas, US. It is one of the world's leading providers of offshore production systems, services, and technology solutions. It serves customers from the energy industry worldwide.
Halliburton is a US-based multinational oil and gas company and one of the world's largest service companies engaged in the exploration, development, and production of oil and natural gas. The company serves the major oil and natural gas companies worldwide in the upstream area.
Schlumberger was founded by Conrad and Marcel Schlumberger in 1926 and is headquartered in Houston, Texas, US. It is one of the world’s largest oilfield services companies with a variety of business units.
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Market Landscape
• The market for oilfield equipment rental is expected to grow steadily during the forecast period.
• This growth is directly related to increased E&P activities in the region.
• Saudi Arabia, Kuwait, Qatar and Iran are constantly focusing on increasing their oil production and are aggressively making investments in exploration and production activities.
• Saudi Arabia and the UAE are producing large quantities of oil and gas to increase their market share in the global oil and gas industry (specifically as crude oil and gas producer and exporters).
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Key Buying CriteriaGuest Bloggers
• Authenticity • Delivery • Price• Service
Support
Parameter Details
Cost Cost of renting the oilfield equipment should be low.
Efficiency Oilfield rental equipment must efficiently meet the requirement of the operator.
Environmental impact Oilfield rental equipment should not be hazardous to the environment.
Maintenance cost The repairs for leakage and corrosion of the rental oilfield equipment should be low.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Oilfield Equipment Rental Market in Middle East 2015-2019
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