World Oilfield Equipment Market Forecast 2015-2019 Leaflet + Contents

World Oilfield Equipment Market Forecast 2015-2019energy business insight

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12

World Oilfield Equipment Market Forecast 2015-2019 Q4

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Chapter 1 : MethodologyMethodology: OverviewEquipment

ConsumableFleet

PermanentRe-usable

Sub-component Detail

Electrical Submersible Pumps

Related to wellstock and wells drilled

Gas Lift


Hydraulic & Jet Lift


Progressive Cavity Pumps


Reciprocating Pumps


Rod Pumps


Coiled Tubing Units

Related to wells drilled and workover

Slickline Units


Wireline Units


Drill Bits

Related to footage drilled only

Drilling Jars


Reamers


Stabilisers


Inflow Control Devices


Packers


Sand Screens


Acid Pumps


Cement Heads

Related to cement pumps fleet

Cement Manifolds

Related to cement pumps fleet

Cement Pumps


Flowheads

Related to Conveyancing Tools fleet

Frac Heads

Related to Frac Pumps fleet

Frac Manifolds

Related to Frac Pumps fleet

Frac Pumps

Related to wells drilled and workover (re-frac)

Nitrogen Pumps


Drill Collars

Related to wells drilled only

Drill Pipe

Related to footage drilled only

Production Tubing

Related to footage-stock and footage drilled

Centrifugal Pumps


Compressors


Drilling & Test Manifolds

Related to wells drilled and workover/testing

Production Manifolds


Production Trees


Actuators


Choke Valves


• Prospects• Technologies• Markets


91



Chapter 13 : Midstream

Actuators

Actuators are devices which are

used to operate valves. Actuators for

midstream applications range from

cheap manually operated actuation

to high tech hydraulic or electric mo-

tors, though the majority of installed

actuators are manually operated.

Midstream actuators is a rela-

tively small market due to a small

installed base compared to upstream

actuators. The market for actuators

is directly related to the number of

valves, and in-turn, pipeline instal-

lations and stations. <41” diameter

pipeline is the most common globally

and hence % of expenditure was

focused in this diameter range in

2014.

Through the forecast, large diameter

pipeline expenditure will see the

strongest growth, with a CAGR

of % to 2019, due to number of

large-scale projects which are under

construction.

New midstream actuators installa-

tion is driven by midstream projects,

which are generally unaffected by

commodity price shocks due to long

lead times. DW expects expenditure

to see minimal effect from oil and

steel price decline in 2015, though a

small drop is expected in 2015 due

to a contraction in new liquid instal-

lations compared to 2014.

Table 66: Global Midstream Actuators Expenditure by Region and Pipeline Diameter 2010-2019

Figure 129: <41” Midstream Actuators Expenditure 2010-2019

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Expe

nditu

re (

$m)

Figure 130: >41” Midstream Actuators Expenditure 2010-2019

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Expe

nditu

re (

$m)

$millions

20102011

20122013

20142015

20162017

20182019 CAGR(2015-19)

Africa

Asia

Australasia

Eastern Europe & FSU

Latin America

Middle East

North America

Western Europe<41” Total

Africa

Asia

Australasia


Latin America

Middle East

North America

Western Europe>41” Total

Global Total


13



Chapter 1 : MethodologyMethodology: OverviewEquipment

ConsumableFleet

PermanentRe-usable

Sub-component Detail

Plug, Gate & Butterfly Valves


Relief & Check Valves


Fixed Platforms

In-house database

Floating Platforms

In-house database

Boilers

Sub-component of fixed & floating production

Heat Exchangers

Sub-component of Fixed & Floating Production

Compressors (Offshore)


Separation & Processing Equipment


Turbines (Offshore)


Waste Heat Recovery Units


Offshore Rigs

External database and modelled forecast

Onshore Rigs

In-house database and modelled forecast

Blowout Preventers

Sub-component of rigs & rig equipment

Drawworks

Sub-component of Rigs & Rig Equipment

Mud Pumps


Top Drives


Actuators (Midstream)

Related to mistream stations

Centrifugal Pumps (Midstream)


Compressors (Midstream)


Line Pipe

Related to mistream projects

Pumps (Midstream)


Turbines (Midstream)


Valves (Midstream)


Helicopters

External database and modelled forecast

Remotely Operated Vehicles

Related to offshore activity

Category

Definition

Fleet

Equipment is part of, or driven by, a fleet model taking into account over/undersupply

Consumable

Equipment is used and disposed of, no maintenance required

Permanent

Equipment is in a fixed location and requires maintenance and periodic replacement

Re-usable

Equipment can be used for multiple operations

Sub-component

Equipment expenditure is driven by asset-level expenditure e.g. turbines part of a FPS unit


81



Chapter 11 : Fixed & Floating Production



(WHRUs) are large pieces of equip-

ment which capture excess heat from

process equipment or power genera-

tion and convert this into usable en-

ergy to feed back into other process

equipment. WHRUs offer a practical

solution to reducing the amount of

fuel necessary to run the production

system, thus reducing operating costs

and fuel storage.

WHRUs only see limited applica-

tion on fixed platforms, therefore

expenditure is heavily dominated

by floating production systems,

which will account for % of spend

through the forecast period.

Latin America is the chief driver of

WHRU expenditure, due to the num-

ber of high complexity FPSOs which

are expected to come onstream in

the coming years, namely for use in

Brazilian deepwater plays.

Africa, Australasia and Western

Europe see the highest growth rates

through the forecast period – %,

% and % respectively. This is

driven by a large number of high

complexity FPS installations for deep-

water projects.

Table 58: Global WHRU Expenditure by Region and Fixed & Floating Installations 2010-2019

Figure 113: Fixed Platform Production System WHRU Expenditure 2015-2019

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Expe

nditu

re (

$m)

Figure 114: Floating Production System WHRU Expenditure 2015-2019

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Expe

nditu

re (

$m)

$millions

20102011

20122013

20142015

20162017

20182019 CAGR(2015-19)

Africa

Asia

Australasia


Latin America

Middle East

North America

Western EuropeFixed Total

Africa

Asia

Australasia


Latin America

Middle East

North America

Western EuropeFloating Total

Global Total

2015

World Oilfield Equipment Market Forecast2015-2019Q4 November 2015

© 2015 Douglas-Westwood 10World Oilfield Equipment Market Forecast 2015-2019 Q4By purchasing this document, your organisation agrees that it will not copy or allow to be copied in part or whole or otherwise circulated in any form any of the contents without the written permission of Douglas-Westwood

Chapter 1 : Methodology

Methodology

DW Drilling and Production Model

Wells Drilled

Midstream DatabaseLand Rigs Database

FPS, Fixed Platforms, MODU

& Helicopters Databases

Unit FleetWell

FootageWellstock

The complexity and flexibility of our models enables us to cut outputs in a number of different formats. If a different segmentation or additional granularity is required, please

contact DW Research:

[email protected] +44 203 4799 505

Workover Operations

Artificial LiftConveyancing Tools

Downhole Drilling EquipmentLower CompletionSurface Pumping

Pumps, Pressure & FlowTubular Goods

Valves & Actuators

MidstreamRigs & Rig Equipment

Fixed & Floating ProductionHelicopters

ROVs

Douglas-Westwood’s Drilling & Pro-duction (D&P) model is a key driver of this report. Research is conducted into the upstream sectors of 60 key producers and the number of wells to be drilled is predicted. This data both feeds models directly and drives foot-age, wellstock (active wells) and work-over models which indicate demand for oilfield equipment. Additionally, outputs from D&P feed into DW’s fleet models. These look at historical demand to determine the likely fleet size and hence the number of new units to be constructed in order to meet demand (includes ROVs).

DW’s in-house databases are also a key driver for the report. Databases for fixed platforms, FPS and land rigs are maintained by DW to ensure up-to-date drivers for asset-related oilfield equipment models. In addition, DW conducts primary research to sense check data entries and assump-tions, supported by selected use of third-party data.

All DW models associated with oil-field equipment are updated quarterly with the latest available driving data. All expenditure models feature a built-in inflation index generated from global economy, oil price, steel price and demand pressure data. Servicing expenditure constitutes routine re-placement of small parts, seals, drivers etc. but does not include inspection or labour costs.

Cost, Frequency & Attrition Assumptions by Equipment + InflationCost, Frequency and Attrition

Assumptions by Equipment and Unit + Inflation

Cost, Frequency and Attrition Assumptions by Equipment and

Pipeline Km + Inflation

Assumptions by Station Type and

Pipeline Km

New, Replacement & Servicing ExpenditureNew, Replacement & Servicing

ExpenditureNew, Replacement & Servicing

Expenditure

N.B. FPS: Floating Production System; MODU: Mobile Offshore Drilling Unit; ROVs: Remotely Operated Vehicles

Stations

Douglas-Westwood’s (DW) NEW quarterly publication the World Oilfield Equipment Market Forecast provides unique insight into the global oilfield equipment (OFE) market. The outputs include historic, current and future expenditure forecasts for 60 diverse oilfield equipment lines including blowout preventers, frac equipment, com-pressors, pumps, production trees and ESPs.

With a forecast through to 2019 and utilising a propri-etary methodology, DW’s World Oilfield Equipment Market Forecast provides granular analysis of a market which is ex-pected to steadily increase from $145 billion (bn) in 2015 to $180bn in 2019, after falling 19% year-on-year from 2014. The forecast includes a regional assessment of total OFE spending in addition to analysis of end users – break-ing out onshore and offshore spend by E&P operators and service companies & contractors. DW’s expenditure coverage includes, where appropriate, newbuild, mainte-nance and replacement expenditure.

Taking into account the latest macro-economic trends through explicit commodity price inputs to all equipment models – including oil price, steel price, global inflation and demand pressures – DW’s OFE forecast provides up-to-date analysis of one of the largest and most diverse markets in the oil & gas sector.

DW’s World Oilfield Equipment Market Forecast incorpo-rates a broad range of markets modelled including ROVs, helicopters, midstream, offshore rigs and floating produc-tion systems. DW’s World Drilling & Production Forecast (DWD&P) generates the wells drilled and wellstock forecasts which drive DW’s OFE forecast. D&P is updated quarterly, providing detailed hydrocarbon production and drilling data that covers 96% of global production. This

established foundation provides a base for the further modelling of footage, equipment fleet and the installed base for appropriate equipment, and is supported by DW’s renowned project-by-project data and models covering land rig markets, pipelines and offshore field development and operations.

The World Oilfield Equipment Market Forecast contains:• Oilfield equipment expenditure data – generated

in-house using models exclusive to DW; the OFE market forecast utilises DW’s own D&P models for wells drilled, footage and wellstock, in addition to a multitude of data sources including DW’s upstream & midstream construction data and rig fleet data.

• Full global coverage – the only product to provide regional analysis of the global OFE market.

• Detailed analysis – regional data and analysis of his-toric, current and future OFE spending by equipment in the onshore, offshore and midstream markets.

• Comprehensive experience – gained from 25 years of research, the forecast has been developed through extensive primary research and exposure to industry-leading M&A engagements as well as numerous diligence exercises conducted for oilfield equipment manufacturers worldwide, including in less visible markets such as Russia, Eastern Europe, China and the Middle East.

• Quarterly updates – for the highest level of accuracy, a subscription option is available for quarterly reports. DW’s models are continually updated, allowing for regular updates and detailed knowledge of expected trends in OFE activity.

• Contact us for analyst support – through DW’s network of global offices, DW can provide further regional specific information from local analysts.

World Oilfield Equipment Market Forecast 2015-2019energy business insight

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Global AnalysisGlobal Expenditure: OverviewGlobal Exp: Onshore/OffshoreGlobal Expenditure: End UsersOnshore Exp: Equipment TypeOffshore Exp: Equipment Type

Artificial LiftElectrical Submersible Pumps

Gas LiftHydraulic & Jet Lift

Progressive Cavity PumpsReciprocating Pumps

Rod Pumps

Conveyancing ToolsCoiled Tubing Units

Slickline UnitsWireline Units

Downhole Drilling EquipmentDrill Bits

Drilling JarsReamersStabilisers

Lower CompletionInflow Control Devices

PackersSand Screens

Surface PumpingAcid Pumps

Cement HeadsCement Manifolds

Cement PumpsFlowheadsFrac Heads

Frac ManifoldsFrac Pumps

Nitrogen Pumps

Tubular GoodsDrill CollarsDrill Pipe

Production Tubing

Pumps, Pressure & Flow ControlCentrifugal Pumps

CompressorsDrilling & Test Manifolds

Production ManifoldsProduction Trees

Valves & ActuatorsActuators

Choke ValvesPlug, Gate & Butterfly Valves

Relief & Check Valves

Fixed & Floating ProductionFixed Platforms

Floating Production SystemsBoilers

Heat ExchangersOffshore Compressors

Separation & Processing Equipt.Turbines


Rigs & Rig EquipmentOnshore RigsOffshore Rigs

Blowout PreventersDrawworksMud PumpsTop Drives

MidstreamActuators

Centrifugal PumpsCompressors

Line PipePumps

TurbinesValves

Offshore Support VehiclesHelicopters

ROVs

ISBN 978-1-910045-25-1

Included oilfield equipment lines;

2015 World Oilfield Equipment

Market Forecast

2015-2019Q4 November 2015


Contents

Table of Contents

1 Methodology ...............................................................9Methodology ................................................................................................................................ 10

Barriers and Limitations ............................................................................................................ 11

Methodology: Overview ............................................................................................................ 12

2 Global Analysis ........................................................ 14Global Expenditure: Overview ................................................................................................. 15

Global Expenditure: Onshore/Offshore ................................................................................. 16

Global Expenditure: End Users ................................................................................................ 17

Onshore Expenditure: Equipment Type ................................................................................. 18

Offshore Expenditure: Equipment Type ................................................................................. 19

3 Artificial Lift ............................................................. 20Artificial Lift.................................................................................................................................. 21

Electrical Submersible Pumps ................................................................................................... 22

Gas Lift .......................................................................................................................................... 23

Hydraulic & Jet Lift ..................................................................................................................... 24

Progressive Cavity Pumps ......................................................................................................... 25

Reciprocating Pumps .................................................................................................................. 26

Rod Pumps ................................................................................................................................... 27

4 Conveyancing Tools ............................................... 28Conveyancing Tools .................................................................................................................... 29

Coiled Tubing Units .................................................................................................................... 30

Slickline Units .............................................................................................................................. 31

Wireline Units ............................................................................................................................. 32

5 Downhole Drilling Equipment ............................. 33Downhole Drilling Equipment .................................................................................................. 34

Drill Bits ........................................................................................................................................ 35

Drilling Jars ................................................................................................................................... 36

Reamers ........................................................................................................................................ 37

Stabilisers ...................................................................................................................................... 38

6 Lower Completion ................................................. 39Lower Completion ..................................................................................................................... 40

Inflow Control Devices ............................................................................................................. 41

Packers .......................................................................................................................................... 42

Sand Screens ................................................................................................................................ 43

7 Surface Pumping ...................................................... 44Surface Pumping .......................................................................................................................... 45

Acid Pumps................................................................................................................................... 46

Cement Heads ............................................................................................................................. 47

Cement Manifolds ....................................................................................................................... 48

Cement Pumps ............................................................................................................................ 49

Flowheads ..................................................................................................................................... 50

Frac Heads .................................................................................................................................... 51

Frac Manifolds .............................................................................................................................. 52

Frac Pumps ................................................................................................................................... 53

Nitrogen Pumps .......................................................................................................................... 54

8 Tubular Goods......................................................... 55Tubular Goods ............................................................................................................................. 56

Drill Collars ................................................................................................................................. 57

Drill Pipe ....................................................................................................................................... 58

Production Tubing ....................................................................................................................... 59

9 Pumps, Pressure & Flow Control ....................... 60Pumps, Pressure & Flow Control ............................................................................................ 61

Centrifugal Pumps ....................................................................................................................... 62

Compressors ............................................................................................................................... 63

Drilling & Test Manifolds ........................................................................................................... 64

Production Manifolds ................................................................................................................. 65

Production Trees ......................................................................................................................... 66


Contents

Table of Contents

10 Valves & Actuators............................................... 67Valves & Actuators ..................................................................................................................... 68

Actuators ...................................................................................................................................... 69

Choke Valves ............................................................................................................................... 70

Plug, Gate & Butterfly Valves .................................................................................................... 71

Relief & Check Valves ................................................................................................................ 72

11 Fixed & Floating Production .............................. 73Fixed Platforms ............................................................................................................................ 74

Floating Production Systems ..................................................................................................... 75

Boilers ........................................................................................................................................... 76

Heat Exchangers ......................................................................................................................... 77

Offshore Compressors .............................................................................................................. 78

Separation & Processing Equipment ........................................................................................ 79

Turbines ........................................................................................................................................ 80

Waste Heat Recovery Units ..................................................................................................... 81

12 Rigs & Rig Equipment .......................................... 82Onshore Rigs ............................................................................................................................... 83

Offshore Rigs ............................................................................................................................... 84

Blowout Preventers .................................................................................................................... 85

Drawworks .................................................................................................................................. 86

Mud Pumps ................................................................................................................................... 87

Top Drives .................................................................................................................................... 88

13 Midstream .............................................................. 89Midstream ..................................................................................................................................... 90

Actuators ...................................................................................................................................... 91

Centrifugal Pumps ....................................................................................................................... 92

Compressors ............................................................................................................................... 93

Line Pipe ....................................................................................................................................... 94

Pumps ............................................................................................................................................ 95

Turbines ........................................................................................................................................ 96

Valves ............................................................................................................................................. 97

14 Offshore Support Vehicles ................................. 98Helicopters ................................................................................................................................... 99

ROVs ...........................................................................................................................................100

15 Appendix .............................................................. 101Data and Text Conventions ....................................................................................................102


Contents

Figures

Figure 1: Global Oilfield Equipment Expenditure Regional Spllit 2010-2019 .................................................................................15Figure 2: Global Oilfield Equipment Expenditure Onshore / Offshore Split 2010-2019 .........................................................15Figure 3: Global Onshore Expenditure 2010-2019 ....................................................................................................................................16Figure 4: Global Offshore Expenditure 2010-2019 ....................................................................................................................................16Figure 5: Global E&P Operator Expenditure by Region 2010-2019 ...................................................................................................17Figure 6: Global Service Company & Contractor Expenditure by Region 2010-2019 ..............................................................17Figure 7: Onshore Expenditure by Equipment Type 2010-2019 .........................................................................................................18Figure 8: Onshore Expenditure by End User 2010-2014, 2015-2019 .............................................................................................18Figure 9: Offshore Expenditure by Equipment Type 2010-2019 .........................................................................................................19Figure 10: Offshore Expenditure by End User 2010-2014, 2015-2019 ...........................................................................................19Figure 11: Global Artificial Lift Expenditure by Equipment 2010-2019 .............................................................................................21Figure 12: Global Artificial Lift Expenditure by Onshore / Offshore Split 2010-2019 ...............................................................21Figure 13: ESPs Onshore Expenditure 2010-2019 .......................................................................................................................................22Figure 14: ESPs Offshore Expenditure 2010-2019 .......................................................................................................................................22Figure 15: Gas Lift Onshore Expenditure 2010-2019 ................................................................................................................................23Figure 16: Gas Lift Offshore Expenditure 2010-2019 ................................................................................................................................23Figure 17: Hydraulic & Jet Lift Onshore Expenditure 2010-2019.........................................................................................................24Figure 18: Hydraulic & Jet Lift Offshore Expenditure 2010-2019.........................................................................................................24Figure 19: PCPs Onshore Expenditure 2010-2019 ......................................................................................................................................25Figure 20: PCPs Offshore Expenditure 2010-2019 ......................................................................................................................................25Figure 21: Reciprocating Pumps Onshore Expenditure 2010-2019 ....................................................................................................26Figure 22: Reciprocating Pumps Offshore Expenditure 2010-2019 ....................................................................................................26Figure 23: Rod Pumps Onshore Expenditure 2010-2019 ........................................................................................................................27Figure 24: Global Conveyancing Tools Expenditure by Equipment 2010-2019 ............................................................................29Figure 25: Global Conveyancing Tools Expenditure by Onshore / Offshore Split 2010-2019..............................................29Figure 26: Coiled Tubing Units Onshore Expenditure 2010-2019.......................................................................................................30Figure 27: Coiled Tubing Units Offshore Expenditure 2010-2019.......................................................................................................30Figure 28: Slickline Units Onshore Expenditure 2010-2019 ...................................................................................................................31Figure 29: Slickline Units Offshore Expenditure 2010-2019 ...................................................................................................................31Figure 30: Wireline Units Onshore Expenditure 2010-2019 ..................................................................................................................32Figure 31: Wireline Units Offshore Expenditure 2010-2019 ..................................................................................................................32Figure 32: Global Downhole Driillling Equipment Expenditure by Equipment 2010-2019 ....................................................34Figure 33: Global Downhole Drilling Equipment Expenditure by Onshore / Offshore Split 2010-2019 ........................34Figure 34: Drill Bits Onshore Expenditure 2010-2019 ...............................................................................................................................35Figure 35: Drill Bits Offshore Expenditure 2010-2019 ...............................................................................................................................35Figure 36: Drilling Jars Onshore Expenditure 2010-2019 .........................................................................................................................36Figure 37: Drilling Jars Offshore Expenditure 2010-2019 .........................................................................................................................36Figure 38: Reamers Onshore Expenditure 2010-2019 ..............................................................................................................................37Figure 39: Reamers Offshore Expenditure 2010-2019 ..............................................................................................................................37

Figure 40: Stabilisers Onshore Expenditure 2010-2019 ............................................................................................................................38Figure 41: Stabilisers Offshore Expenditure 2010-2019 ............................................................................................................................38Figure 42: Global Lower Completion Expenditure by Equipment 2010-2019 ..............................................................................40Figure 43: Global Lower Completion Expenditure by Onshore / Offshore Split 2010-2019 ...............................................40Figure 44: ICDs Onshore Expenditure 2010-2019 ......................................................................................................................................41Figure 45: ICDs Offshore Expenditure 2010-2019 ......................................................................................................................................41Figure 46: Packers Onshore Expenditure 2010-2019 .................................................................................................................................42Figure 47: Packers Offshore Expenditure 2010-2019 .................................................................................................................................42Figure 48: Sand Screens Onshore Expenditure 2010-2019 ....................................................................................................................43Figure 49: Sand Screens Offshore Expenditure 2010-2019 ....................................................................................................................43Figure 50: Global Surface Pumping Expenditure by Equipment 2010-2019 ...................................................................................45Figure 51: Global Surface Pumping Expenditure by Onshore / Offshore Split 2010-2019 .....................................................45Figure 52: Acid Pumps Onshore Expenditure 2010-2019 .......................................................................................................................46Figure 53: Acid Pumps Offshore Expenditure 2010-2019 .......................................................................................................................46Figure 54: Cement Heads Onshore Expenditure 2010-2019 ................................................................................................................47Figure 55: Cement Heads Offshore Expenditure 2010-2019 ................................................................................................................47Figure 56: Cement Manifolds Onshore Expenditure 2010-2019 .........................................................................................................48Figure 57: Cement Pumps Onshore Expenditure 2010-2019 ................................................................................................................49Figure 58: Cement Pumps Offshore Expenditure 2010-2019 ................................................................................................................49Figure 59: Flowheads Onshore Expenditure 2010-2019 ..........................................................................................................................50Figure 60: Flowheads Offshore Expenditure 2010-2019 ..........................................................................................................................50Figure 61: Frac Heads Onshore Expenditure 2010-2019 .........................................................................................................................51Figure 62: Frac Heads Offshore Expenditure 2010-2019 .........................................................................................................................51Figure 63: Frac Manifolds Onshore Expenditure 2010-2019 ..................................................................................................................52Figure 64: Frac Manifolds Offshore Expenditure 2010-2019 ..................................................................................................................52Figure 65: Frac Pumps Onshore Expenditure 2010-2019 ........................................................................................................................53Figure 66: Frac Pumps Offshore Expenditure 2010-2019 ........................................................................................................................53Figure 67: Nitrogen Pumps Onshore Expenditure 2010-2019 ..............................................................................................................54Figure 68: Nitrogen Pumps Offshore Expenditure 2010-2019 ..............................................................................................................54Figure 69: Global Tubular Goods Expenditure by Equipment 2010-2019 .......................................................................................56Figure 70: Global Tubular Goods Expenditure by Onshore / Offshore Split 2010-2019 ........................................................56Figure 71: Drill Collars Onshore Expenditure 2010-2019 .......................................................................................................................57Figure 72: Drill Collars Offshore Expenditure 2010-2019 .......................................................................................................................57Figure 73: Drill Pipe Onshore Expenditure 2010-2019 .............................................................................................................................58Figure 74: Drill Pipe Offshore Expenditure 2010-2019 .............................................................................................................................58Figure 75: Production Tubing Onshore Expenditure 2010-2019 ..........................................................................................................59Figure 76: Production Tubing Offshore Expenditure 2010-2019 ..........................................................................................................59Figure 77: Global Pumps, Pressure & Flow Control Expenditure by Equipment 2010-2019 .................................................61Figure 78: Global Pumps, Pressure & Flow Control Expenditure by Onshore / Offshore Split 2010-2019 ..................61


Contents

Figures

Figure 79: Centrifugal Pumps Onshore Expenditure 2010-2019 ..........................................................................................................62Figure 80: Centrifugal Pumps Offshore Expenditure 2010-2019 ..........................................................................................................62Figure 81: Compressors Onshore Expenditure 2010-2019 ....................................................................................................................63Figure 82: Compressors Offshore Expenditure 2010-2019 ....................................................................................................................63Figure 83: Drilling & Test Manifolds Onshore Expenditure 2010-2019 .............................................................................................64Figure 84: Drilling & Test Manifolds Offshore Expenditure 2010-2019 .............................................................................................64Figure 85: Production Manifolds Onshore Expenditure 2010-2019 ...................................................................................................65Figure 86: Production Manifolds Offshore Expenditure 2010-2019 ...................................................................................................65Figure 87: Production Trees Onshore Expenditure 2010-2019 ............................................................................................................66Figure 88: Production Trees Offshore Expenditure 2010-2019 ............................................................................................................66Figure 89: Global Valves & Actuators Expenditure by Equipment 2010-2019 ..............................................................................68Figure 90: Global Valves & Actuators Expenditure by Onshore / Offshore Split 2010-2019 ................................................68Figure 91: Actuators Onshore Expenditure 2010-2019 ............................................................................................................................69Figure 92: Actuators Offshore Expenditure 2010-2019 ............................................................................................................................69Figure 93: Choke Valves Onshore Expenditure 2010-2019 ....................................................................................................................70Figure 94: Choke Valves Offshore Expenditure 2010-2019 ....................................................................................................................70Figure 95: Plug, Gate & Butterfly Valves Onshore Expenditure 2010-2019 ....................................................................................71Figure 96: Plug, Gate & Butterfly Valves Offshore Expenditure 2010-2019 ....................................................................................71Figure 97: Relief & Check Valves Onshore Expenditure 2010-2019 ..................................................................................................72Figure 98: Relief & Check Valves Offshore Expenditure 2010-2019 ..................................................................................................72Figure 99: Fixed Platform Jackets Expenditure 2010-2019 ......................................................................................................................74Figure 100: Fixed Platform Topsides Expenditure 2010-2019 ................................................................................................................74Figure 101: Floating Production System Hulls Expenditure 2010-2019 ............................................................................................75Figure 102: Floating Production System Topsides Expenditure 2010-2019 ....................................................................................75Figure 103: Fixed Platform Boilers Expenditure 2010-2019 ....................................................................................................................76Figure 104: Floating Production System Boilers Expenditure 2010-2019 ........................................................................................76Figure 105: Fixed Platform Heat Exchangers Expenditure 2010-2019 ..............................................................................................77Figure 106: Floating Production System Heat Exchangers Expenditure 2010-2019 ...................................................................77Figure 107: Fixed Platform Compressors Expenditure 2010-2019 .....................................................................................................78Figure 108: Floating Production System Compressors Expenditure 2010-2019 ..........................................................................78Figure 109: Fixed Platform Separation & Processing Expenditure 2010-2019 ..............................................................................79Figure 110: Floating Production System Separation & Processing Expenditure 2010-2019 ...................................................79Figure 111: Fixed Platform Turbines Expenditure 2010-2019 ................................................................................................................80Figure 112: Floating Production System Turbines Expenditure 2010-2019 .....................................................................................80Figure 113: Fixed Platform WHRU Expenditure 2010-2019 ..................................................................................................................81Figure 114: Floating Production System WHRU Expenditure 2010-2019 ......................................................................................81Figure 115: Onshore Rigs <1,250 HP Expenditure 2010-2019 ............................................................................................................83Figure 116: Onshore Rigs >1,250 HP Expenditure 2010-2019 ............................................................................................................83Figure 117: Offshore Rigs Expenditure by Region 2010-2019 ...............................................................................................................84

Figure 118: Offshore Rigs Expenditure by Type 2010-2019....................................................................................................................84Figure 119: Blowout Preventers Onshore Expenditure 2010-2019 ....................................................................................................85Figure 120: Blowout Preventers Offshore Expenditure 2010-2019 ....................................................................................................85Figure 121: Drawworks Onshore Expenditure 2010-2019 .....................................................................................................................86Figure 122: Drawworks Offshore Expenditure 2010-2019 .....................................................................................................................86Figure 123: Mud Pumps Onshore Expenditure 2010-2019 .....................................................................................................................87Figure 124: Mud Pumps Offshore Expenditure 2010-2019 .....................................................................................................................87Figure 125: Top Drives Onshore Expenditure 2010-2019 .......................................................................................................................88Figure 126: Top Drives Offshore Expenditure 2010-2019 .......................................................................................................................88Figure 127: Global Midstream Expenditure by Equipment 2010-2019 .............................................................................................90Figure 128: Global Midstream Expenditure by Pipeline Diameter Split 2010-2019 ...................................................................90Figure 129: <41” Midstream Actuators Expenditure 2010-2019 .........................................................................................................91Figure 130: >41” Midstream Actuators Expenditure 2010-2019 .........................................................................................................91Figure 131: <41” Midstream Centrifugal Pumps Expenditure 2010-2019 .......................................................................................92Figure 132: >41” Midstream Centrifugal Pumps Expenditure 2010-2019 .......................................................................................92Figure 133: <41” Midstream Compressors Expenditure 2010-2019 .................................................................................................93Figure 134: >41” Midstream Compressors Expenditure 2010-2019 .................................................................................................93Figure 135: <41” Midstream Line Pipe Expenditure 2010-2019 ..........................................................................................................94Figure 136: >41” Midstream Line Pipe Expenditure 2010-2019 ..........................................................................................................94Figure 137: <41” Midstream Pumps Expenditure 2010-2019 ................................................................................................................95Figure 138: >41” Midstream Pumps Expenditure 2010-2019 ................................................................................................................95Figure 139: <41” Midstream Turbines Expenditure 2010-2019 ............................................................................................................96Figure 140: >41” Midstream Turbines Expenditure 2010-2019 ............................................................................................................96Figure 141: <41” Midstream Valves Expenditure 2010-2019 .................................................................................................................97Figure 142: >41” Midstream Valves Expenditure 2010-2019 .................................................................................................................97Figure 143: Medium Helicopter Expenditure 2010-2019 .........................................................................................................................99Figure 144: Large Helicopter Expenditure 2010-2019 ...............................................................................................................................99Figure 145: ROV Expenditure by Region 2010-2019 ..............................................................................................................................100Figure 146: ROV Expenditure by Type 2010-2019 ...................................................................................................................................100


Contents

Tables

Table 1: Global Oilfield Equipment Expenditure by Region and Onshore / Offshore 2010-2019 ......................................15Table 2: Global Oilfield Equipment Expenditure 2010-2019 ..................................................................................................................16Table 3: Global Oilfield Equipment Expenditure by End User 2010-2019 ......................................................................................17Table 4: Global Onshore Oilfield Equipment Expenditure by Equipment Type and End User 2010-2019 ....................18Table 5: Offshore Expenditure by Equipment Type and End User 2010-2019 .............................................................................19Table 6: Global Artificial Lift Expenditure by Equipment Type 2010-2019 ......................................................................................21Table 7: Global ESP Expenditure by Region and Onshore & Offshore 2010-2019 ....................................................................22Table 8: Global Gas Lift Expenditure by Region and Onshore & Offshore 2010-2019 ............................................................23Table 9: Global Hydraulic & Jet Lift Expenditure by Region and Onshore & Offshore 2010-2019 ....................................24Table 10: Global PCP Expenditure by Region and Onshore & Offshore 2010-2019 ................................................................25Table 11: Global Reciprocating Pump Expenditure by Region and Onshore & Offshore 2010-2019 ..............................26Table 12: Global Rod Pump Expenditure by Region and Onshore & Offshore 2010-2019 ...................................................27Table 13: Global Conveyancing Tools Expenditure by Equipment Type 2010-2019 ..................................................................29Table 14: Global Coiled Tubing Unit Expenditure by Region and Onshore & Offshore 2010-2019 .................................30Table 15: Global Slickline Unit Expenditure by Region and Onshore & Offshore 2010-2019 ..............................................31Table 16: Global Wireline Unit Expenditure by Region and Onshore & Offshore 2010-2019 ............................................32Table 17: Global Downhole Drilling Equipment Expenditure by Equipment Type 2010-2019 .............................................34Table 18: Global Drill Bit Expenditure by Region and Onshore & Offshore 2010-2019 .........................................................35Table 19: Global Drilling Jars Expenditure by Region and Onshore & Offshore 2010-2019 .................................................36Table 20: Global Reamers Expenditure by Region and Onshore & Offshore 2010-2019 .......................................................37Table 21: Global Stabilisers Expenditure by Region and Onshore & Offshore 2010-2019 ....................................................38Table 22: Global Lower Completion Expenditure by Equipment Type 2010-2019 ....................................................................40Table 23: Global ICDs Expenditure by Region and Onshore & Offshore 2010-2019 ..............................................................41Table 24: Global Packers Expenditure by Region and Onshore & Offshore 2010-2019 .........................................................42Table 25: Global Sand Screens Expenditure by Region and Onshore & Offshore 2010-2019 .............................................43Table 26: Global Surface Pumping Expenditure by Equipment Type 2010-2019 .........................................................................45Table 27: Global Acid Pump Expenditure by Region and Onshore & Offshore 2010-2019 ..................................................46Table 28: Global Cement Head Expenditure by Region and Onshore & Offshore 2010-2019 ...........................................47Table 29: Global Cement Manifolds Expenditure by Region and Onshore & Offshore 2010-2019 ..................................48Table 30: Global Cement Pump Expenditure by Region and Onshore & Offshore 2010-2019 ..........................................49Table 31: Global Flowhead Expenditure by Region and Onshore & Offshore 2010-2019 .....................................................50Table 32: Global Frac Head Expenditure by Region and Onshore & Offshore 2010-2019 ...................................................51Table 33: Global Frac Manifold Expenditure by Region and Onshore & Offshore 2010-2019 ............................................52Table 34: Global Frac Pump Expenditure by Region and Onshore & Offshore 2010-2019 ...................................................53Table 35: Global Nitrogen Pump Expenditure by Region and Onshore & Offshore 2010-2019 ........................................54Table 36: Global Tubular Goods Expenditure by Equipment Type 2010-2019 .............................................................................56Table 37: Global Drill Collars Expenditure by Region and Onshore & Offshore 2010-2019 ................................................57Table 38: Global Drill Pipe Expenditure by Region and Onshore & Offshore 2010-2019 .....................................................58Table 39: Global Production Tubing Expenditure by Region and Onshore & Offshore 2010-2019 ..................................59

Table 40: Global Pumps, Pressure & Flow Control Expenditure by Equipment Type 2010-2019 .......................................61Table 41: Global Centrifugal Pumps Expenditure by Region and Onshore & Offshore 2010-2019 ..................................62Table 42: Global Compressor Expenditure by Region and Onshore & Offshore 2010-2019...............................................63Table 43: Global Drilling & Test Manifold Expenditure by Region and Onshore & Offshore 2010-2019 .......................64Table 44: Global Production Manifold Expenditure by Region and Onshore & Offshore 2010-2019 ..............................65Table 45: Global Production Tree Expenditure by Region and Onshore & Offshore 2010-2019 .......................................66Table 46: Global Valves & Actuators Expenditure by Equipment Type 2010-2019.....................................................................68Table 47: Global Actuator Expenditure by Region and Onshore & Offshore 2010-2019 ......................................................69Table 48: Global Choke Valve Expenditure by Region and Onshore & Offshore 2010-2019 ..............................................70Table 49: Global Plug, Gate & Butterfly Valve Expenditure by Region and Onshore & Offshore 2010-2019 ..............71Table 50: Global Relief & Check Valve Expenditure by Region and Onshore & Offshore 2010-2019 .............................72Table 51: Global Fixed Platform Expenditure by Region and Jackets & Topsides 2010-2019 ................................................74Table 52: Global Floating Production System Expenditure by Region and Hulls & Topsides 2010-2019 ........................75Table 53: Global Boiler Expenditure by Region and Fixed & Floating Installations 2010-2019 .............................................76Table 54: Global Heat Exchanger Expenditure by Region and Fixed & Floating Installations 2010-2019 .......................77Table 55: Global Offshore Compressor Expenditure by Region and Fixed & Floating Installations 2010-2019 ..........78Table 56: Global Seperation & Processing Equipment Expenditure by Region, Fixed & Floating Instltns 2010-19 ....79Table 57: Global Turbine Expenditure by Region and Fixed & Floating Installations 2010-2019 .........................................80Table 58: Global WHRU Expenditure by Region and Fixed & Floating Installations 2010-2019 .........................................81Table 59: Global Onshore Rig Expenditure by Region and Horsepower 2010-2019 ...............................................................83Table 60: Global Offshore Rig Expenditure by Region and Rig Type 2010-2019 .........................................................................84Table 61: Global Blowout Preventer Expenditure by Region and Onshore & Offshore 2010-2019 .................................85Table 62: Global Drawworks Expenditure by Region and Onshore & Offshore 2010-2019 ................................................86Table 63: Global Mud Pumps Expenditure by Region and Onshore & Offshore 2010-2019 ................................................87Table 64: Global Top Drives Expenditure by Region and Onshore & Offshore 2010-2019 ..................................................88Table 65: Global Midstream Expenditure by Equipment Type 2010-2019 ......................................................................................90Table 66: Global Midstream Actuators Expenditure by Region and Pipeline Diameter 2010-2019 ..................................91Table 67: Global Midstream Centrifugal Pumps Expenditure by Region and Pipeline Diameter 2010-2019 ................92Table 68: Global Midstream Compressors Expenditure by Region and Pipeline Diameter 2010-2019 ...........................93Table 69: Global Midstream Line Pipe Expenditure by Region and Pipeline Diameter 2010-2019 ....................................94Table 70: Global Midstream Pumps Expenditure by Region and Pipeline Diameter 2010-2019 .........................................95Table 71: Global Midstream Turbines Expenditure by Region and Pipeline Diameter 2010-2019 .....................................96Table 72: Global Midstream Valves Expenditure by Region and Pipeline Diameter 2010-2019 ..........................................97Table 73: Global Helicopters Expenditure by Region and Size 2010-2019 .....................................................................................99Table 74: Global ROVs Expenditure by Region and Type 2010-2019.............................................................................................100


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