World Oilfield Services Market Forecast 2015-2019

 Published On: Dec, 2015 |  Published By: DWL
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Global Oilfield Services – Downturn Drives Major Regional Shift

Douglas-Westwood’s (DW) NEW quarterly publication 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 oilfield service lines including rig & crew, cementing, well testing and logging.

With a forecast through to 2019 and utilising a proprietary methodology, DW’s World Oilfield Services Market Forecast provides granular analysis of a market which is expected to steadily increase from $237 billion (bn) in 2015 to $313bn in 2019, after falling 36% year-on-year from 2014. The forecast includes a regional assessment of total OFS spending, with additional in-depth analysis of each service line at a national level (country-by-country breakdown of the top 30 country markets for oilfield expenditure). 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 World Oilfield Services Market Forecast 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 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.

The World Oilfield Services Market Forecast contains:

-Oilfield services expenditure data – generated 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.
-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 updates 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.
1 Methodology...7
Methodology: Overview ........ 8
Service Line Cost Inclusions ....... 9
Well Cost Breakdown.... 10
Barriers and Limitations  11

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

3 Regional Analysis .... 16
Africa ... 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 .... 25
Casing & 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  66
Data and Text Conventions ......67

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, 2015-201920
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

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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