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Oilfield Equipment Rental Market in Middle East 2015-2019

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Oilfield Equipment Rental Market in Middle East 2015-2019

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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

[email protected]

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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?

What Would You Like to Learn From Technavio?

Oilfield Equipment Rental Market in Middle East 2015-2019

Let us identify your needs.We would love to hear more!

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Our Report Covers: Market Scenarios, Vendor landscape & Industry Road Maps.

You have the Option to Customize Reports & Access Analysts on every Report Purchase.

Purchasing this report?

For media enquiries,please drop us a mail at

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We’ll include an hour with our analysts to discuss the report findings.

For free.

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Access the Report

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About Us

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