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Douglas-Westwood’s (DW) NEW quarterly publication The World Oilfield Services Market Forecast provides unique insight into the global oilfield services (OFS) market. The product delivers historic, current and future expenditure forecasting of 20 common OFS service lines including rig & crew, cementing, well testing, logging – providing for the first time, a country by country breakdown of the top 30 country markets for oilfield expenditure.

With a forecast through to 2019 and utilis-ing a proprietary methodology, DW’s World Oilfield Services Market Forecast provides granular analysis of a market which is expected to steadily increase from $216 billion (bn) in 2015 to $339bn in 2019. The forecast includes a regional assessment of total OFS spending, with additional in-depth analysis of each service line at a national level. DW’s detailed service line models include workover, as well as drilling and completion for the onshore & offshore markets, providing unparalleled insight into the OFS sector.

Due to deterioration in the global macro envi-ronment, DW’s outlook has changed markedly compared to previous quarters. These altera-

tions are predominantly driven by significant revisions to drilling and production forecasts for key producers, delayed completions in the US and deflation in dayrates. Despite the global macro situation appearing to have stabilised somewhat, large uncertainty still remains, with potential for further revisions through the remainder of 2015.

DW’s World Drilling & Production Forecast (DWD&P) generates the wells drilled forecast which drives DW’s OFS forecast. D&P is con-tinuously updated, providing detailed hydro-carbon production and drilling data that covers 96% of global production. This established foundation provides a base for the further modelling of footage and drilling days — key drivers of OFS spending.

The World Oilfield Services Market Forecast contains:

• Oilfield services expenditure data — gen-erated in-house using models exclusive to DW, we utilise our own D&P models for wells drilled, footage and drilling days driv-ers of OFS spending.

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• Full global coverage — the only product to provide country-by-country analysis of the global OFS market.

• Detailed analysis — regional overview with data and analysis of historic, current and future OFS spending by service line in the onshore and offshore markets. Service line analysis and data at a regional and national level for the onshore and offshore markets.

• Comprehensive experience — gained from 25 years of research, the forecast has been developed through exposure to industry-leading M&A engagements includ-ing numerous diligence exercises conducted for oilfield services organisations worldwide. This has included opaque or less publicised markets such as China, the Middle East and Russia.

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ISBN 978-1-910045-05-3Driven by...

D&PDrilling and Production

DW’s World Drilling & Production Forecast (DWD&P) generates the wells drilled forecast which drives DW’s OFS forecast. D&P

is continuously updated, 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 and drilling days — key drivers of OFS spending.

2015

World Oilfield Services Market Forecast

D&PDrilling and Production

2015-2019Q1 March 2015

Driven by...

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Contents

Table of Contents

1 Methodology ...............................................................7Methodology: Overview .............................................................................................................. 8

Service Line Cost Inclusions ....................................................................................................... 9

Well Cost Breakdown ................................................................................................................ 10

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

2 Global Analysis ........................................................ 12Global Expenditure: Overview ................................................................................................. 13

Global Expenditure: Onshore/Offshore Breakdown ........................................................... 14

Global Expenditure: Service Line Breakdown ....................................................................... 15

3 Regional Analysis .................................................... 16Africa ............................................................................................................................................. 17

Asia ................................................................................................................................................ 18

Australasia .................................................................................................................................... 19

Eastern Europe & FSU ................................................................................................................ 20

Latin America ............................................................................................................................... 21

Middle East ................................................................................................................................... 22

North America ............................................................................................................................ 23

Western Europe .......................................................................................................................... 24

4 Service Line Analysis .............................................. 25Casing & Tubing Services ........................................................................................................... 26

Casing & Tubing Services – Top 30 Markets .......................................................................... 27

Cementing .................................................................................................................................... 28

Cementing – Top 30 Markets ................................................................................................... 29

Coiled Tubing Services ............................................................................................................... 30

Coiled Tubing Services – Top 30 Markets .............................................................................. 31

Completion Equipment .............................................................................................................. 32

Completion Equipment – Top 30 Markets ............................................................................. 33

Directional Drilling Services ..................................................................................................... 34

Directional Drilling Services – Top 30 Markets .................................................................... 35

Drill Bits ........................................................................................................................................ 36

Drill Bits – Top 30 Markets ....................................................................................................... 37

Drilling Fluids ............................................................................................................................... 38

Drilling Fluids – Top 30 Markets .............................................................................................. 39

Fishing ............................................................................................................................................ 40

Fishing – Top 30 Markets ........................................................................................................... 41

Mud Logging ................................................................................................................................. 42

Mud Logging – Top 30 Markets ................................................................................................ 43

MWD & LWD .............................................................................................................................. 44

MWD & LWD – Top 30 Markets............................................................................................. 45

Perforation ................................................................................................................................... 46

Perforation – Top 30 Markets .................................................................................................. 47

Production Testing ...................................................................................................................... 48

Production Testing – Top 30 Markets ..................................................................................... 49

Rig & Crew ................................................................................................................................... 50

Rig & Crew – Top 30 Markets .................................................................................................. 51

Slickline Services ......................................................................................................................... 52

Slickline Services – Top 30 Markets ........................................................................................ 53

Solids Control Equipment ......................................................................................................... 54

Solids Control Equipment – Top 30 Markets ........................................................................ 55

Stimulation .................................................................................................................................... 56

Stimulation – Top 30 Markets................................................................................................... 57

Surface Well Testing ................................................................................................................... 58

Surface Well Testing – Top 30 Markets .................................................................................. 59

Waste Management .................................................................................................................... 60

Waste Management – Top 30 Markets ................................................................................... 61

Wireline Logging ......................................................................................................................... 62

Wireline Logging – Top 30 Markets ........................................................................................ 63

Wireline Services ........................................................................................................................ 64

Wireline Services – Top 30 Markets ....................................................................................... 65

5 Appendix .................................................................. 66Data and Text Conventions ...................................................................................................... 67

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Contents

Figures

Figure 1: Example well cost breakdown .......................................................................................................... 10

Figure 2: Global Oilfield Services Expenditure Regional Split. 2010-2019 ..................................... 13

Figure 3: Global Oilfield Services Expenditure Onshore Offshore Split. 2010-2019 ............... 13

Figure 4: Global Onshore Expenditure 2010-2019 ................................................................................... 14

Figure 5: Global Offshore Expentiture 2010-2019..................................................................................... 14

Figure 6: Global Oilfield Services Expenditure 2010-2019 ................................................................... 15

Figure 7: Global Onshore and Offshore Spending 2010-2014, 2015-2019 .................................. 15

Figure 8: Africa Oilfield Services Expenditure Breakdown 2010-2019 ........................................... 17

Figure 9: Africa Onshore and Offshore Spending 2010-2014, 2015-2019 ............................... 17

Figure 10: Asia Oilfield Services Expenditure Breakdown 2010-2019 ........................................... 18

Figure 11: Asia Onshore and Offshore Spending 2010-2014, 2015-2019 ................................... 18

Figure 12: Australasia Oilfield Services Expenditure Breakdown 2010-2019 .............................. 19

Figure 13: Australasia Onshore and Offshore Spending 2010-2014, 2015-2019 ...................... 19

Figure 14: Eastern Europe & FSU Oilfield Services Expenditure Breakdown 2010-2019 .... 20

Figure 15: Eastern Europe & FSU Onshore and Offshore Spending 2010-2014, 2015-2019 20

Figure 16: Latin America Oilfield Services Expenditure Breakdown 2010-2019 ....................... 21

Figure 17: Latin America Onshore and Offshore Spending 2010-2014, 2015-2019 ............... 21

Figure 18: Middle East Oilfield Services Expenditure Breakdown 2010-2019 ............................ 22

Figure 19: Middle East Onshore and Offshore Spending 2010-2014, 2015-2019..................... 22

Figure 20: North America Oilfield Services Expenditure Breakdown 2010-2019 .................... 23

Figure 21: North America Onshore and Offshore Spending 2010-2014, 2015-2019 ............ 23

Figure 22: Western Europe Oilfield Services Expenditure Breakdown 2010-2019 ................. 24

Figure 23: Western Europe Onshore and Offshore Spending 2010-2014, 2015-2019.......... 24

Figure 24: Casing & Tubing Services Onshore Expenditure 2010-2019 .......................................... 26

Figure 25: Casing & Tubing Services Offshore Expenditure 2010-2019 .......................................... 26

Figure 26: Cementing Onshore Expenditure 2010-2019 ....................................................................... 28

Figure 27: Cementing Offshore Expenditure 2010-2019 ....................................................................... 28

Figure 28: Coiled Tubing Services Onshore Expenditure 2010-2019 .............................................. 30

Figure 29: Coiled Tubing Services Offshore Expenditure 2010-2019 .............................................. 30

Figure 30: Completion Equipment Onshore Expenditure 2010-2019............................................. 32

Figure 31: Completion Equipment Offshore Expenditure 2010-2019............................................. 32

Figure 32: Directional Drilling Services Onshore Expenditure 2010-2019 .................................... 34

Figure 33: Directional Drilling Services Offshore Expenditure 2010-2019 .................................... 34

Figure 34: Drill Bits Onshore Expenditure 2010-2019 ............................................................................. 36

Figure 35: Drill Bits Offshore Expenditure 2010-2019 ............................................................................. 36

Figure 36: Drilling Fluids Onshore Expenditure 2010-2019 .................................................................. 38

Figure 37: Drilling Fluids Offshore Expenditure 2010-2019 .................................................................. 38

Figure 38: Fishing Onshore Expenditure 2010-2019 ................................................................................. 40

Figure 39: Fishing Offshore Expenditure 2010-2019 ................................................................................. 40

Figure 40: Mud Logging Onshore Expenditure 2010-2019 ................................................................... 42

Figure 41: Mud Logging Offshore Expenditure 2010-2019 ................................................................... 42

Figure 42: MWD & LWD Onshore Expenditure 2010-2019 ............................................................... 44

Figure 43: MWD & LWD Offshore Expenditure 2010-2019 ............................................................... 44

Figure 44: Perforation Onshore Expenditure 2010-2019 ....................................................................... 46

Figure 45: Perforation Offshore Expenditure 2010-2019 ....................................................................... 46

Figure 46: Production Testing Onshore Expenditure 2010-2019 ....................................................... 48

Figure 47: Production Testing Offshore Expenditure 2010-2019 ....................................................... 48

Figure 48: Rig & Crew Onshore Expenditure 2010-2019 ...................................................................... 50

Figure 49: Rig & Crew Offshore Expenditure 2010-2019 ...................................................................... 50

Figure 50: Slickline Services Onshore Expenditure 2010-2019 ........................................................... 52

Figure 51: Slickline Services Offshore Expenditure 2010-2019 ........................................................... 52

Figure 52: Solids Control Equipment Onshore Expenditure 2010-2019 ....................................... 54

Figure 53: Solids Control Equipment Offshore Expenditure 2010-2019 ....................................... 54

Figure 54: Stimulation Onshore Expenditure 2010-2019 ....................................................................... 56

Figure 55: Stimulation Offshore Expenditure 2010-2019 ....................................................................... 56

Figure 56: Surface Well Testing Onshore Expenditure 2010-2019.................................................... 58

Figure 57: Surface Well Testing Offshore Expenditure 2010-2019.................................................... 58

Figure 58: Waste Management Onshore Expenditure 2010-2019 .................................................... 60

Figure 59: Waste Management Offshore Expenditure 2010-2019 .................................................... 60

Figure 60: Wireline Logging Onshore Expenditure 2010-2019........................................................... 62

Figure 61: Wireline Logging Offshore Expenditure 2010-2019........................................................... 62

Figure 62: Wireline Services Onshore Expenditure 2010-2019.......................................................... 64

Figure 63: Wireline Services Offshore Expenditure 2010-2019.......................................................... 64

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Contents

Tables

Table 1: Global Oilfield Services Expenditure by Region & Onshore/Offshore 2010-2019 . 13

Table 2: Global Expenditure 2010-2019 .......................................................................................................... 14

Table 3: Global Oilfield Services Expenditure 2010-2019 ...................................................................... 15

Table 4: Africa Oilfield Services Expenditure 2010-2019 ........................................................................ 17

Table 5: Asia Oilfield Services Expenditure 2010-2019 ........................................................................... 18

Table 6: Australasia Oilfield Services Expenditure 2010-2019 ............................................................. 19

Table 7: Eastern Europe & FSU Oilfield Services Expenditure 2010-2019 .................................... 20

Table 8: Latin America Oilfield Services Expenditure 2010-2019....................................................... 21

Table 9: Middle East Oilfield Services Expenditure 2010-2019 ............................................................ 22

Table 10: North America Oilfield Services Expenditure 2010-2019 ................................................. 23

Table 11: Western Europe Oilfield Services Expenditure 2010-2019 .............................................. 24

Table 12: Casing & Tubing Services Onshore & Offshore Expenditure 2010-2019 .................. 26

Table 13: Casing & Tubing Services – Top 30 Markets 2010-2019 .................................................... 27

Table 14: Cementing Onshore & Offshore Expenditure 2010-2019 ................................................ 28

Table 15: Cementing – Top 30 Markets 2010-2019 .................................................................................. 29

Table 16: Coiled Tubing Services Onshore & Offshore Expenditure 2010-2019 ....................... 30

Table 17: Coiled Tubing Services – Top 30 Markets 2010-2019 ......................................................... 31

Table 18: Completion Equipment Onshore & Offshore Expenditure 2010-2019 ..................... 32

Table 19: Completion Equipment – Top 30 Markets 2010-2019 ....................................................... 33

Table 20: Directional Drilling Services Onshore & Offshore Expenditure 2010-2019 ............ 34

Table 21: Directional Drilling Services – Top 30 Markets 2010-2019 ............................................... 35

Table 22: Drill Bits Onshore & Offshore Expenditure 2010-2019 ..................................................... 36

Table 23: Drill Bits – Top 30 Markets 2010-2019 ....................................................................................... 37

Table 24: Drilling Fluids Onshore & Offshore Expenditure 2010-2019........................................... 38

Table 25: Drilling Fluids – Top 30 Markets 2010-2019 ............................................................................. 39

Table 26: Fishing Onshore & Offshore Expenditure 2010-2019 ......................................................... 40

Table 27: Fishing – Top 30 Markets 2010-2019 ........................................................................................... 41

Table 28: Mud Logging Onshore & Offshore Expenditure 2010-2019 ............................................ 42

Table 29: Mud Logging – Top 30 Markets 2010-2019 .............................................................................. 43

Table 30: MWD & LWD Onshore & Offshore Expenditure 2010-2019 ....................................... 44

Table 31: MWD & LWD – Top 30 Markets 2010-2019 .......................................................................... 45

Table 32: Perforation Onshore & Offshore Expenditure 2010-2019 ............................................... 46

Table 33: Perforation – Top 30 Markets 2010-2019 .................................................................................. 47

Table 34: Production Testing Onshore & Offshore Expenditure 2010-2019 ............................... 48

Table 35: Production Testing – Top 30 Markets 2010-2019 .................................................................. 49

Table 36: Rig & Crew Onshore & Offshore Expenditure 2010-2019 .............................................. 50

Table 37: Rig & Crew – Top 30 Markets 2010-2019 ................................................................................. 51

Table 38: Slickline Services Onshore & Offshore Expenditure 2010-2019 .................................... 52

Table 39: Slickline Services – Top 30 Markets 2010-2019 ...................................................................... 53

Table 40: Solids Control Equipment Onshore & Offshore Expenditure 2010-2019 ................ 54

Table 41: Solids Control Equipment – Top 30 Markets 2010-2019 .................................................. 55

Table 42: Stimulation Onshore & Offshore Expenditure 2010-2019 ............................................... 56

Table 43: Stimulation – Top 30 Markets 2010-2019 .................................................................................. 57

Table 44: Surface Well Testing Onshore & Offshore Expenditure 2010-2019 ............................ 58

Table 45: Surface Well Testing – Top 30 Markets 2010-2019 .............................................................. 59

Table 46: Waste Management Onshore & Offshore Expenditure 2010-2019 ............................ 60

Table 47: Waste Management – Top 30 Markets 2010-2019 ............................................................... 61

Table 48: Wireline Logging Onshore & Offshore Expenditure 2010-2019 ................................... 62

Table 49: Wireline Logging – Top 30 Markets 2010-2019 ..................................................................... 63

Table 50: Wireline Services Onshore & Offshore Expenditure 2010-2019 .................................. 64

Table 51: Wireline Services – Top 30 Markets 2010-2019 .................................................................... 65

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