World Oilfield Services Market Forecast 2016-2020 Leaflet + Contents

The World Oilfield Services Market Forecast 2016-2020energy business insight

e: [email protected] t: +44 (0)203 4799 505

www.douglas-westwood.com

Aberdeen | Faversham | Houston | London | Singapore

Xtreme Drilling and Coil Services

© 2016 Douglas-Westwood 19World Oilfield Services Market Forecast 2016-2020 Q1By 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

D&PAustralasia

Chapter 3 : Regional Analysis

Annual OFS expenditure in Australasia

will average $ bn throughout the

forecast. Extensive drilling programs

were undertaken in recent years to

provide feedstocks for Australia’s

large CBM-to-LNG projects – seeing

expenditure spike to $ bn in 2013.

With the majority of drilling now com-

pleted, activity has dropped to much

lower levels.

As a result of the aforementioned

CBM projects, the majority of OFS

expenditure in Australasia occurs

onshore, accounting for % over

2011-2015 and % over 2016-2020.

Such developments will lead to coiled

tubing services and perforation

experiencing strong growth through

to 2020. Coiled tubing methods are

widely used for the drilling, interven-

tion and completion of shallow gas

wells, while multiple perforation runs

are necessary for maximising flow

from horizontal wells drilled into the

coal seams.

Future offshore OFS expenditure will

be driven by large scale projects off

the west coast of Australia, including

Shell’s Prelude FLNG project. DW

expects offshore OFS spend to peak

in 2018 at $ m as a consequence

of a drop in project sanctioning in the

near-term as a result of the market

downturn.

Table 6: Australasia Oilfield Services Expenditure 2011-2020

Figure 12: Australasia Oilfield Services Expenditure Breakdown 2011-2020

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Rig

& C

rew

Exp

endi

ture

($b

n)

Expe

nditu

re (

$bn)

Figure 13: Australasia Oilfield Services Expenditure Breakdown 2011-2020 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Expe

nditu

re (

$bn)

OffshoreOnshore

$millions 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CAGR (2016-20)

Casing & Tubing ServicesCementingCoiled Tubing ServicesCompletion EquipmentDirectional Drilling ServicesDrill BitsDrilling FluidsFishingMud LoggingMWD & LWDPerforationProduction Testing Rig & CrewSlickline ServicesSolids Control EquipmentStimulationSurface Well TestingWaste ManagementWireline LoggingWireline Services

OnshoreOffshore

TOTAL


D&PSlickline Services

Chapter 4 : Service Line Analysis

Slickline services costs consist of the

rental of slickline units and operating

crew. Slickline is a thin non-electric

wireline used to set and retrieve

wellbore equipment and can addition-

ally be used to open and close valves.

Despite being an older oilfield technol-

ogy, slickline remains a commonly used

well intervention tool as it is cost-

effective, reliable and uncomplicated.

The slickline market is closely associ-

ated with the completions phase of

drilling, driven by global drilling activity.

However, slickline also sees wide use

in the brownfield phase of develop-

ment, including workover, fishing and

plug removal and setting.

Slickline services spend dropped %

for onshore markets and % for

offshore in 2015 – this is expected to

continue into 2016, though at only %

and %. Decline has been largely due

to day rate reduction while drilling

activity decline has been somewhat

offset by brownfield requirements of

slickline services. Moreover, where

interchangeable, slickline has been

a preferred conveyance method to

wireline in the current cost-cutting

environment, further limiting 2015

decline.

Table 38: Slickline Services Onshore & Offshore Expenditure 2011-2020

Figure 50: Slickline Services Onshore Expenditure 2011-20202011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Expe

nditu

re (

$bn)

Figure 51: Slickline Services Offshore Expenditure 2011-2020

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Expe

nditu

re (

$bn)

$millions 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CAGR(2016-20)

AfricaAsiaAustralasiaEastern Europe & FSULatin AmericaMiddle EastNorth AmericaWestern Europe

Onshore TotalAfricaAsiaAustralasia %Eastern Europe & FSULatin AmericaMiddle EastNorth AmericaWestern Europe

Offshore TotalGlobal Total


D&PWireline Logging – Top 30 Markets

Chapter 4 : Service Line Analysis

Table 49: Wireline Logging – Top 30 Markets 2011-2020

“The costs can vary a lot. It depends on the contract, for example SLB is the only service provider in Oman and logging price is very cheap comparing to other countries.”

Oilfield Service Provider

“Wireline still has its advantages over LWD. Measurements can be carried out without drilling vibration, drill string interference, drill string rotation and often at lower temperatures which can negatively impact the data and also cause tool failures in LWD tools.”


“Wireline logging is the most common service in order to give us geological and petrophysical data about the formation.”


“It is significantly more cost-effective to wireline log as opposed to logging while drilling but then you have the pay-off of not knowing immediately what the subsurface situation is.”


“For exploration wells you need all types of services and it costs more but in development wells you don’t need all the same ser-vices.”


“Using MWD/LWD saves rig time and I know for a fact that this is what they use in the Caspian but wireline OH logging gives you significantly more information about the well.”


$millions 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CAGR(2016-20)

China

Russia

USA

Canada

Thailand

Saudi Arabia

Argentina

Kazakhstan

India

Venezuela

Kuwait

Oman

Mexico

Indonesia

Australia

Colombia

United Arab Emirates

Egypt

Algeria

Uzbekistan

Brazil

Nigeria

Qatar

Norway

Iraq

UK

Romania

Iran

Turkmenistan

Peru

Others

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.

With a forecast through to 2020 and utilising a proprietary methodology, DW’s World Oilfield Services Market Forecast provides granular analysis of a market which is expected to stead-ily increase from $192 billion (bn) in 2016 to $241bn in 2020, after falling 38% year-on-year from 2014 to 2015. 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.

Taking into account the latest macro-economic trends through explicit commodity price inputs to all service line models, DW’s OFS forecast provides up-to-date analysis of one of the most

important and fast moving markets in the oil & gas sector.

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 – gener-ated in-house using models exclusive to DW; the OFS market forecast utilises DW’s own D&P models for wells drilled, footage and drilling days.

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

The World Oilfield Services Market Forecast 2016-2020energy business insight

e: [email protected] t: +44 (0)203 4799 505

www.douglas-westwood.com

To OrderComplete the order form and mail, fax or email us your

details.

Payment: goods will only be dispatched on receipt of

payment in full. A pre-payment invoice will be issued on

request. Payment must be made in UK Pounds. Payment

may be by a cheque drawn on a UK bank.

Credit card owners: give full name and address of the

cardholder and telephone number - you will not be billed

until dispatch.

Copyright: you agree that this report is the copyright of

the authors; it is for use only within your own organisation,

will not be made available in any form to third parties and

will not be copied or transmitted electronically.

Executive Presentation Service: a PowerPoint-based

presentation of the results of this report can be made by

our analysts at your company offices for an additional fee.

Please contact us for details.

Name ........................................................................................ Job Title ..............................................................................

Company .................................................................................................................................................................................

Deliver address ......................................................................................................................................................................

Cardholders address ............................................................................................................................................................

Card Number ......................................................................... CCV number .........................Expiry date .......................

Signature .................................................................................. Email ....................................................................................

Tel no. ....................................................................................... Fax ........................................................................................

EU companies must give an EU VAT number ...................................................................................................

Payment Method: Pre-payment invoice AMEX / MasterCard / Visa

Order Form

I understand that the study is copyright and for use only within my organisation. It will not be copied, or otherwise circulated to third parties or distributed electronically. (please tick)

* VAT will be added when applicable** Hardcopy deliveries outside the UK will be via DHL couriers at an additional cost of UK Pounds 60

Aberdeen | Faversham | Houston | London | Singapore

Preferred format: Purchaser Subscription Options: PDF * Annual 4 Quarters (5 copies) 5350 UK Pounds Hardcopy ** Single Quarter (5 copies) 3650 UK Pounds

• 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.

• Industry insight – hundreds of man-hours per quarter of industry consultation to ensure accurate and reliable data inputs. Service line specific insight from industry participants has been provided throughout the report.

• Comprehensive experience – gained from 25 years of research, the forecast has been developed through exposure to industry-leading M&A engagements including 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.

• 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 up-dates and detailed knowledge of expected trends in OFS activity.

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

ISBN 978-1-910045-32-9

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.

D&PDrilling and Production

Driven by...

2016World Oilfield Services Market Forecast

D&PDrilling and Production

2016-2020Q1 March 2016


D&P

Contents

Table of Contents

1 Methodology ...............................................................7Methodology: Overview .............................................................................................................. 8Service Line Cost Inclusions ....................................................................................................... 9Well Cost Breakdown ................................................................................................................ 10Barriers and Limitations ............................................................................................................ 11

2 Global Analysis ........................................................ 12Global Expenditure: Overview ................................................................................................. 13Global Expenditure: Onshore/Offshore Breakdown ........................................................... 14Global Expenditure: Service Line Breakdown ....................................................................... 15

3 Regional Analysis .................................................... 16Africa ............................................................................................................................................. 17Asia ................................................................................................................................................ 18Australasia .................................................................................................................................... 19Eastern Europe & FSU ................................................................................................................ 20Latin America ............................................................................................................................... 21Middle East ................................................................................................................................... 22North America ............................................................................................................................ 23Western Europe .......................................................................................................................... 24

4 Service Line Analysis .............................................. 25Casing & Tubing Services ........................................................................................................... 26Casing & Tubing Services – Top 30 Markets .......................................................................... 27Cementing .................................................................................................................................... 28Cementing – Top 30 Markets ................................................................................................... 29Coiled Tubing Services ............................................................................................................... 30Coiled Tubing Services – Top 30 Markets .............................................................................. 31Completion Equipment .............................................................................................................. 32Completion Equipment – Top 30 Markets ............................................................................. 33Directional Drilling Services ..................................................................................................... 34Directional Drilling Services – Top 30 Markets .................................................................... 35Drill Bits ........................................................................................................................................ 36Drill Bits – Top 30 Markets ....................................................................................................... 37

Drilling Fluids ............................................................................................................................... 38Drilling Fluids – Top 30 Markets .............................................................................................. 39Fishing ............................................................................................................................................ 40Fishing – Top 30 Markets ........................................................................................................... 41Mud Logging ................................................................................................................................. 42Mud Logging – Top 30 Markets ................................................................................................ 43MWD & LWD .............................................................................................................................. 44MWD & LWD – Top 30 Markets............................................................................................. 45Perforation ................................................................................................................................... 46Perforation – Top 30 Markets .................................................................................................. 47Production Testing ...................................................................................................................... 48Production Testing – Top 30 Markets ..................................................................................... 49Rig & Crew ................................................................................................................................... 50Rig & Crew – Top 30 Markets .................................................................................................. 51Slickline Services ......................................................................................................................... 52Slickline Services – Top 30 Markets ........................................................................................ 53Solids Control Equipment ......................................................................................................... 54Solids Control Equipment – Top 30 Markets ........................................................................ 55Stimulation .................................................................................................................................... 56Stimulation – Top 30 Markets................................................................................................... 57Surface Well Testing ................................................................................................................... 58Surface Well Testing – Top 30 Markets .................................................................................. 59Waste Management .................................................................................................................... 60Waste Management – Top 30 Markets ................................................................................... 61Wireline Logging ......................................................................................................................... 62Wireline Logging – Top 30 Markets ........................................................................................ 63Wireline Services ........................................................................................................................ 64Wireline Services – Top 30 Markets ....................................................................................... 65

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


D&P

Contents

Figures

Figure 1: Example well cost breakdown .......................................................................................................... 10Figure 2: Global Oilfield Services Expenditure Regional Split 2011-2020 ...................................... 13Figure 3: Global Oilfield Services Expenditure Onshore Offshore Split 2011-2020 ................ 13Figure 4: Global Onshore Expenditure 2011-2020 ................................................................................... 14Figure 5: Global Offshore Expenditure 2011-2020 ................................................................................... 14Figure 6: Global Oilfield Services Expenditure 2011-2020 ................................................................... 15Figure 7: Global Onshore and Offshore Spending 2011-2020 ............................................................ 15Figure 8: Africa Oilfield Services Expenditure Breakdown 2011-2020 ........................................... 17Figure 9: Africa Oilfield Services Expenditure Onshore Offshore Split 2011-2020 .................. 17Figure 10: Asia Oilfield Services Expenditure Breakdown 2011-2020 ........................................... 18Figure 11: Asia Oilfield Services Expenditure Onshore Offshore Split 2011-2020 ................... 18Figure 12: Australasia Oilfield Services Expenditure Breakdown 2011-2020 .............................. 19Figure 13: Australasia Oilfield Services Expenditure Onshore Offshore Split 2011-2020 .... 19Figure 14: Eastern Europe & FSU Oilfield Services Expenditure Breakdown 2011-2020 .... 20Figure 15: EE & FSU Oilfield Services Expenditure Onshore Offshore Split 2011-2020 ....... 20Figure 16: Latin America Oilfield Services Expenditure Breakdown 2011-2020 ....................... 21Figure 17: Latin America Oilfield Services Expenditure Onshore Offshore Split 2011-2020 21Figure 18: Middle East Oilfield Services Expenditure Breakdown 2011-2020 ............................ 22Figure 19: Middle East Oilfield Services Expenditure Onshore Offshore Split 2011-2020 ... 22Figure 20: North America Oilfield Services Expenditure Breakdown 2011-2020 .................... 23Figure 21: N. America Oilfield Services Expenditure Onshore Offshore Split 2011-2020 ... 23Figure 22: Western Europe Oilfield Services Expenditure Breakdown 2011-2020 ................. 24Figure 23: W. Europe Oilfield Services Expenditure Onshore Offshore Split 2011-2020 ..... 24Figure 24: Casing & Tubing Services Onshore Expenditure 2011-2020 .......................................... 26Figure 25: Casing & Tubing Services Offshore Expenditure 2011-2020 .......................................... 26Figure 26: Cementing Onshore Expenditure 2011-2020 ....................................................................... 28Figure 27: Cementing Offshore Expenditure 2011-2020 ....................................................................... 28Figure 28: Coiled Tubing Services Onshore Expenditure 2011-2020 .............................................. 30Figure 29: Coiled Tubing Services Offshore Expenditure 2011-2020 .............................................. 30Figure 30: Completion Equipment Onshore Expenditure 2011-2020............................................. 32Figure 31: Completion Equipment Offshore Expenditure 2011-2020............................................. 32Figure 32: Directional Drilling Services Onshore Expenditure 2011-2020 .................................... 34Figure 33: Directional Drilling Services Offshore Expenditure 2011-2020 .................................... 34Figure 34: Drill Bits Onshore Expenditure 2011-2020 ............................................................................. 36Figure 35: Drill Bits Offshore Expenditure 2011-2020 ............................................................................. 36

Figure 36: Drilling Fluids Onshore Expenditure 2011-2020 .................................................................. 38Figure 37: Drilling Fluids Offshore Expenditure 2011-2020 .................................................................. 38Figure 38: Fishing Onshore Expenditure 2011-2020 ................................................................................. 40Figure 39: Fishing Offshore Expenditure 2011-2020 ................................................................................. 40Figure 40: Mud Logging Onshore Expenditure 2011-2020 ................................................................... 42Figure 41: Mud Logging Offshore Expenditure 2011-2020 ................................................................... 42Figure 42: MWD & LWD Onshore Expenditure 2011-2020 ............................................................... 44Figure 43: MWD & LWD Offshore Expenditure 2011-2020 ............................................................... 44Figure 44: Perforation Onshore Expenditure 2011-2020 ....................................................................... 46Figure 45: Perforation Offshore Expenditure 2011-2020 ....................................................................... 46Figure 46: Production Testing Onshore Expenditure 2011-2020 ....................................................... 48Figure 47: Production Testing Offshore Expenditure 2011-2020 ....................................................... 48Figure 48: Rig & Crew Onshore Expenditure 2011-2020 ...................................................................... 50Figure 49: Rig & Crew Offshore Expenditure 2011-2020 ...................................................................... 50Figure 50: Slickline Services Onshore Expenditure 2011-2020 ........................................................... 52Figure 51: Slickline Services Offshore Expenditure 2011-2020 ........................................................... 52Figure 52: Solids Control Equipment Onshore Expenditure 2011-2020 ....................................... 54Figure 53: Solids Control Equipment Offshore Expenditure 2011-2020 ....................................... 54Figure 54: Stimulation Onshore Expenditure 2011-2020 ....................................................................... 56Figure 55: Stimulation Offshore Expenditure 2011-2020 ....................................................................... 56Figure 56: Surface Well Testing Onshore Expenditure 2011-2020.................................................... 58Figure 57: Surface Well Testing Offshore Expenditure 2011-2020.................................................... 58Figure 58: Waste Management Onshore Expenditure 2011-2020 .................................................... 60Figure 59: Waste Management Offshore Expenditure 2011-2020 .................................................... 60Figure 60: Wireline Logging Onshore Expenditure 2011-2020........................................................... 62Figure 61: Wireline Logging Offshore Expenditure 2011-2020........................................................... 62Figure 62: Wireline Services Onshore Expenditure 2011-2020.......................................................... 64Figure 63: Wireline Services Offshore Expenditure 2011-2020.......................................................... 64


D&P

Contents

Tables

Table 1: Global Oilfield Services Expenditure by Region & Onshore/Offshore 2011-2020 . 13Table 2: Global Expenditure 2011-2020 .......................................................................................................... 14Table 3: Global Oilfield Services Expenditure 2011-2020 ...................................................................... 15Table 4: Africa Oilfield Services Expenditure 2011-2020 ........................................................................ 17Table 5: Asia Oilfield Services Expenditure 2011-2020 ........................................................................... 18Table 6: Australasia Oilfield Services Expenditure 2011-2020 ............................................................. 19Table 7: Eastern Europe & FSU Oilfield Services Expenditure 2011-2020 .................................... 20Table 8: Latin America Oilfield Services Expenditure 2011-2020....................................................... 21Table 9: Middle East Oilfield Services Expenditure 2011-2020 ............................................................ 22Table 10: North America Oilfield Services Expenditure 2011-2020 ................................................. 23Table 11: Western Europe Oilfield Services Expenditure 2011-2020 .............................................. 24Table 12: Casing & Tubing Services Onshore & Offshore Expenditure 2011-2020 .................. 26Table 13: Casing & Tubing Services – Top 30 Markets 2011-2020 .................................................... 27Table 14: Cementing Onshore & Offshore Expenditure 2011-2020 ................................................ 28Table 15: Cementing – Top 30 Markets 2011-2020 .................................................................................. 29Table 16: Coiled Tubing Services Onshore & Offshore Expenditure 2011-2020 ....................... 30Table 17: Coiled Tubing Services – Top 30 Markets 2011-2020 ......................................................... 31Table 18: Completion Equipment Onshore & Offshore Expenditure 2011-2020 ..................... 32Table 19: Completion Equipment – Top 30 Markets 2011-2020 ....................................................... 33Table 20: Directional Drilling Services Onshore & Offshore Expenditure 2011-2020 ............ 34Table 21: Directional Drilling Services – Top 30 Markets 2011-2020 ............................................... 35Table 22: Drill Bits Onshore & Offshore Expenditure 2011-2020 ..................................................... 36Table 23: Drill Bits – Top 30 Markets 2011-2020 ....................................................................................... 37Table 24: Drilling Fluids Onshore & Offshore Expenditure 2011-2020........................................... 38Table 25: Drilling Fluids – Top 30 Markets 2011-2020 ............................................................................. 39Table 26: Fishing Onshore & Offshore Expenditure 2011-2020 ......................................................... 40Table 27: Fishing – Top 30 Markets 2011-2020 ........................................................................................... 41Table 28: Mud Logging Onshore & Offshore Expenditure 2011-2020 ............................................ 42Table 29: Mud Logging – Top 30 Markets 2011-2020 .............................................................................. 43Table 30: MWD & LWD Onshore & Offshore Expenditure 2011-2020 ....................................... 44Table 31: MWD & LWD – Top 30 Markets 2011-2020 .......................................................................... 45Table 32: Perforation Onshore & Offshore Expenditure 2011-2020 ............................................... 46Table 33: Perforation – Top 30 Markets 2011-2020 .................................................................................. 47Table 34: Production Testing Onshore & Offshore Expenditure 2011-2020 ............................... 48Table 35: Production Testing – Top 30 Markets 2011-2020 .................................................................. 49

Table 36: Rig & Crew Onshore & Offshore Expenditure 2011-2020 .............................................. 50Table 37: Rig & Crew – Top 30 Markets 2011-2020 ................................................................................. 51Table 38: Slickline Services Onshore & Offshore Expenditure 2011-2020 .................................... 52Table 39: Slickline Services – Top 30 Markets 2011-2020 ...................................................................... 53Table 40: Solids Control Equipment Onshore & Offshore Expenditure 2011-2020 ................ 54Table 41: Solids Control Equipment – Top 30 Markets 2011-2020 .................................................. 55Table 42: Stimulation Onshore & Offshore Expenditure 2011-2020 ............................................... 56Table 43: Stimulation – Top 30 Markets 2011-2020 .................................................................................. 57Table 44: Surface Well Testing Onshore & Offshore Expenditure 2011-2020 ............................ 58Table 45: Surface Well Testing – Top 30 Markets 2011-2020 .............................................................. 59Table 46: Waste Management Onshore & Offshore Expenditure 2011-2020 ............................ 60Table 47: Waste Management – Top 30 Markets 2011-2020 ............................................................... 61Table 48: Wireline Logging Onshore & Offshore Expenditure 2011-2020 ................................... 62Table 49: Wireline Logging – Top 30 Markets 2011-2020 ..................................................................... 63Table 50: Wireline Services Onshore & Offshore Expenditure 2011-2020 .................................. 64Table 51: Wireline Services – Top 30 Markets 2011-2020 .................................................................... 65


D&P

Notes & Acknowledgements

Report Details

DisclaimerThis report is a Douglas-Westwood (DW)

study and all rights are reserved, whether

this pertains to the body of the report or any

information contained within. The information

contained in this document is believed to be

accurate, but no representation or warranty,

express or implied, is made by Douglas-West-

wood as to the completeness, accuracy or

fairness of any information contained in it, and

we do not accept any responsibility in relation

to such information whether fact, opinion or

conclusion that the reader may draw. The

views expressed are those of the individual

authors and do not necessarily represent those

of the publisher.

While we have made every attempt to ensure

the information contained in this document

has been obtained from reliable sources,

Douglas-Westwood is not responsible for any

errors or omissions, or for the results obtained

from the use of this information. All informa-

tion in this document is provided “as is”,

with no guarantee of completeness, accuracy,

timeliness or of the results obtained from the

use of this information, and without warranty

of any kind, express or implied, including, but

not limited to warranties of performance, mer-

chantability and fitness for a particular purpose.

Nothing herein shall to any extent substitute

for the independent investigations and the

sound technical and business judgment of the

reader. Laws and regulations are continually

changing, and can be interpreted only in light

of particular factual situations.

World Oilfield Services

Market Forecast

is published by:

Douglas-Westwood Limited,

20 East Street

Faversham

Kent

ME13 8AS, UK

tel: +44 203 4799 505

fax: +44 1795 594748

[email protected]

© Copyright Douglas-Westwood

Limited 2016

By 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 the publishers.

Additional copies of this study may be

purchased at a specially discounted

rate.

DW report number 568.1-16

ISBN 978-1-910045-32-9

Production Team

Editor

Steve Robertson

[email protected]

Assistant Editor

Andy Jenkins

[email protected]

Report Authors

Matt Adams

[email protected]

Matt Cook

[email protected]

Layout & Graphic Design

Oliver Solly

[email protected]

A supporting databook to accompany the charts and tables presented in this report is available in Excel format upon request.

Date of publication: 31st March 2016


D&PDouglas-Westwood’s Offerings

Notes & Acknowledgements

About Us

Established in 1990, Douglas-Westwood is

a leading provider of market research and

consulting services to the energy industry

worldwide. We have completed over 1,000

projects for clients in more than 70 differ-

ent countries and in some 250 niche energy

segments. Our clients range from the oil &

gas majors and their contractors to financial

houses and governments. We are an

independent organisation and our research

is supported by proprietary data, insight

and knowledge. Our international reach is

backed up by one of the largest sector-

focused teams in offices in the Americas,

Europe and Asia.

Douglas-Westwood clients include the

world’s:

Top-10 oil & gas companies

Top-10 oilfield services companies

“Energy experts Douglas-Westwood”

The Guardian

Consultancy

With an extensive advisory team spanning

three continents, Douglas-Westwood deliv-

ers energy business consultancy services

across the globe. DW consultancy services

are focused on the strategic planning pro-

cess, helping our clients to make investment

decisions, develop and test advanced com-

petitive strategies for new products, new

business streams, mergers and acquisitions,

We provide consultancy services through

advanced market insight, modelling and

simulation to a client base which includes

players in oil & gas E&P, oilfield services,

conventional & renewable energy and the

public sector.

Douglas-Westwood has supplied con-

sultancy services to over 250 companies

worldwide.

“Foremost oilfield services

market consultant”

Hong Kong client

Transactions

Douglas-Westwood provides sector-

focused commercial due-diligence and

transactions services to major and mid-tier

private equity firms, investment banks

and debt providers. We have industry-

leading credentials including both buy-side

and sell-side mandates, public-to-private

transactions, re-financing, IPOs and project

financing ranging in enterprise value from

$5 million technology firms to $1 billion

oilfield service, engineering and equipment

companies.

Douglas-Westwood clients include the

world’s:

Top-10 private equity firms

Top-10 investment banks

“Douglas-Westwood provides

great value to us”

Perth client

Research

Business research, analysis and market

forecasting is our core activity. Over the

years we have built a huge knowledge base

of both sectors and players. Our experience

of researching the oilfield services sector

(OFS) is unparalleled worldwide. We spe-

cialise in emerging markets and technolo-

gies, from offshore windpower to subsea

processing and difficult to access markets

and geographies including Russia and the

Middle East. Our custom research offerings

include: gathering & analysis of market data,

independent marketing and forecasting,

measurement & analysis of competitive po-

sitions and industry consultation & in-depth

perception surveys.

Douglas-Westwood have researched some

250 different business sectors to wide

international acclaim.

“Top energy research group

Douglas-Westwood”

Financial Times

Publications

Douglas-Westwood produces original en-

ergy business market studies and forecasts,

now highly acclaimed and used worldwide.

In oil & gas we were the first firm to

forecast & value the growth of key offshore

markets such as deepwater, subsea produc-

tion, global onshore drilling, pipelines and

offshore wind power.

Our reports are geared to meet senior

executives’ needs in business planning and

decision-making and assume no previous

reader knowledge of the subject area. Each

offers a concise, region by region format.

Analysis is based on our extensive in-house

project databases and models combined

with forecasting expertise developed over

many years.

Douglas-Westwood has over 20 energy

sector market forecast titles in print.

“An excellent report in all areas”

Houston client

World Oilfield Services Market Forecast 2016-2020 Leaflet + Contents

Economy & Finance

Transcript of World Oilfield Services Market Forecast 2016-2020 Leaflet + Contents