Oilfield Equipment Rental Market by Drilling Equipment (Drill Pipe, Drill Collars, Heavy-Wate, Drill Subs), Pressure & Flow Control Equipment (BOP, Valves & Manifolds), Fishing Equipment and Other Equipment - Global Trends and Forecasts to 2019

 Published On: Sep, 2014 |    No of Pages: 285 |  Published By: MarketsandMarkets | Format: PDF
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Report Description

The global oilfield equipment rental market exhibits a lucrative growth potential of >10% for the next five years. The growth of this market is propelled by the rise in power requirement and the increasing E&P activities being carried out across the globe. The market is further driven by factors such as entry of new players in the oilfield services market, as they favor renting more than buying costly equipments. The high growth potential in emerging markets, increased shale mining in U.S. provide new growth opportunities to players in the oilfield equipment rental market.

Rising oil & gas prices and increasing drilling activity will drive the global oilfield equipment rental (oilfield rental) market, slated to be valued at $53.7 billion by 2019. North America, with its increased focus on unconventional shale plays and keen oil & gas industry, is expected to experience highest revenue growth during the next five years.

Advancements in technology are favoring renting. Companies are reluctant to buy oilfield equipments not only because of the huge capital investments and maintenance cost but also because the equipments depreciate and become obsolete. By renting, the drillers get the most advanced equipments that suit the local terrain. They are also saved form the transportation cost of equipments from one drilling site to the other.

The report covers the global OER market in major regions namely Asia-Pacific, Europe, North America, Latin America, Middle East, and Africa under major types of rental equipment such as drilling, pressure & flow control, fishing, etc. The market size for various drilling rental tools such as drill pipes and drill collars, etc. have also been estimated along with pressure and flow control tools.

This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Chesapeake Oilfield Services LLC (U.S.), Superior Energy Services Inc. (U.S.), Weatherford International Ltd (Switzerland), Precision Drilling Corporation (Canada), etc. have also been profiled in this report.

Scope of the report

• On basis of geography:

(North America, Asia-Pacific, Europe, Africa, Latin America, Middle East)

• On basis of equipment:

- Drilling equipment (Drill pipe, Drill collars, Heavy-wate, Drill Subs)
- Pressure & flow control equipment (BOPs, Valves & Manifolds)
- Fishing tools
- Other equipment

Drilling rental equipment, due to its wide usage and increased drilling activity dominate the global oilfield rental market. Within drilling equipment, drill pipes hold the largest share as most of wells being drilled have considerable depths. Subsequently to drilling equipment, pressure and flow control are the most rented. BOPs (Blow out preventers) dominate the pressure and flow control equipment rental market.

TABLE OF CONTENTS

1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 REPORT DESCRIPTION 21
1.3 MARKETS COVERED 22
1.4 STAKE HOLDERS 22
1.5 MARKET STUDY SCOPE 23
1.6 RESEARCH METHODOLOGY 24
1.7 MARKET SIZE 24
1.8 KEY DATA POINTS TAKEN FROM SECONDARY SOURCES 25
1.9 LIST OF SECONDARY DATA SOURCES 25
1.10 KEY DATA POINTS TAKEN FROM PRIMARY SOURCES 26
1.11 ASSUMPTIONS MADE FOR THIS REPORT 26

2 EXECUTIVE SUMMARY 27

3 PREMIUM INSIGHTS 30
3.1 MARKET SEGMENTATION 30
3.2 MARKET SCENARIO IN 2013 31
3.3 NORTH AMERICA AND ASIA-PACIFIC - PROMISING MARKETS 33
3.4 NORTH AMERICA TO CONTINUE DRIVING THE OER MARKET 34
3.5 THE U.S.- THE LARGEST OER MARKET 35
3.6 DRILLING EQUIPMENT: HIGHEST SHARE AMONG RENTED EQUIPMENT 36
3.7 TOP 20 PLAYERS OCCUPY ONE THIRD OF OER MARKET 37
3.8 CURRENT YEAR (2014) WITNESSES THE HIGHEST NUMBER OF SEGMENT ACTIVITY 39
3.9 MARKET LEADERS ADOPTING M&A FOR HIGHER NUMBER OF SUPPLY CONTRACTS 40
3.10 MARKET LEADERS FOCUS ON NPD AND TECHNOLOGY UPGRADATIONS 41

4 MARKET OVERVIEW 43
4.1 INTRODUCTION 44
4.2 MARKET SEGMENTATION 45
4.2.1 OILFIELD EQUIPMENT RENTAL MARKET BY EQUIPMENT 45
4.3 MARKET DYNAMICS 46
4.3.1 DRIVERS 46
4.3.1.1 Technological advancements in oilfield equipment 47
4.3.1.2 Increase in global investments in E&P 47
4.3.1.3 Increasing oil prices making production at uneconomical fields viable 48
4.3.1.4 Increased drilling activity 50
4.3.2 RESTRAINTS 51
4.3.2.1 Customized demands by drillers 51
4.3.2.2 Uncertainty in Oil & Gas industry 51
4.3.2.3 Falling excess capacity and regional disparities 52
4.3.2.4 Constrained supply of hydraulic fracturing sand 52
4.3.3 OPPORTUNITIES 53
4.3.3.1 Advanced drilling techniques 53
4.3.3.2 Shale mining revolution in the U.S. 54
4.3.3.3 New explorations near Arctic circle and new ultra deep offshore drilling 55
4.3.3.4 Growing unconventional hydrocarbon market 58
4.3.4 CHALLENGES 59
4.3.4.1 Variation in demand by end users 59
4.3.4.2 Success rate of exploration 59
4.3.4.3 Requirements for efficiency in manufacturing operations 59
4.3.5 BURNING ISSUES 60
4.3.5.1 Mining accidents such as Deep-water Horizon incident in the Gulf of Mexico 60

5 INDUSTRY TRENDS 61
5.1 INTRODUCTION 61
5.2 SUPPLY CHAIN ANALYSIS 61
5.3 INDUSTRY TRENDS 63
5.4 PORTER’S FIVE FORCES ANALYSIS 64
5.4.1 THREAT FROM NEW ENTRANTS 65
5.4.2 THREAT FROM SUBSTITUTES 65
5.4.3 BARGAINING POWER OF SUPPLIERS 65
5.4.4 BARGAINING POWER OF BUYERS 66
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 66
5.5 STRATEGIC BENCHMARKING 66
5.5.1 NEW PRODUCT & SERVICES LAUNCH 67

6 OILFIELD EQUIPMENT RENTAL MARKET, BY EQUIPMENT 68
6.1 INTRODUCTION 69
6.2 DRILLING EQUIPMENT TO DRIVE OER MARKET 70
6.2.1 DRILLING EQUIPMENT 72
6.2.1.1 Shale boom in North America to boost demands 72
6.2.1.2 Drill pipe to boost drilling equipment rental market 73
6.2.1.2.1 Drill pipe 75
6.2.1.2.2 Drill collar 77
6.2.1.2.3 Hevi-wate 79
6.2.1.2.4 Subs 80
6.2.1.2.5 Other Drilling Equipment 82
6.2.2 PRESSURE & FLOW CONTROL EQUIPMENT 83
6.2.2.1 BOPs most rented pressure equipment 83
6.2.2.1.1 BOP 86
6.2.2.1.2 Valves & Manifolds 88
6.2.2.1.3 Other P&FC Rental Equipment 89
6.2.3 FISHING EQUIPMENT 90
6.2.4 OTHER RENTAL OILFIELD EQUIPMENT 92

7 OILFIELD EQUIPMENT RENTAL MARKET, BY GEOGRAPHY 94
7.1 INTRODUCTION 95
7.2 OER: MARKET ANALYSIS 96
7.2.1 NORTH AMERICA TO DRIVE GLOBAL OER MARKET 98
7.2.2 NORTH AMERICA 99
7.2.2.1 Increased production driving the OER market in North America 99
7.2.2.2 Rising oilfield spending fueling market growth 100
7.2.2.3 U.S.A is the largest OER market 102
7.2.2.4 U.S. 103
7.2.2.4.1 OER market driven by rising consumption oil and gas 103
7.2.2.4.2 U.S. market is experiencing high growth 104
7.2.2.5 Canada 106
7.2.2.5.1 Canada has significant unconventional reserves 106
7.2.2.5.2 Unconventional oil to fuel the future growth in Canada 106
7.2.3 ASIA-PACIFIC 108
7.2.3.1 Rising consumption fueling E&P activities 108
7.2.3.2 Increased drilling activity is the prime driver of Asia-Pacific market 109
7.2.3.3 Chinese market is the leader in Oilfield Equipment Rental 112
7.2.3.4 China 113
7.2.3.4.1 Consumption is driving E&P growth 113
7.2.3.4.2 Drilling equipment are the most rented in China 114
7.2.3.5 Australia 115
7.2.3.5.1 Australia has huge gas reserves 115
7.2.3.5.2 Gas exploration increasing drilling activities 116
7.2.3.6 Malaysia 117
7.2.3.6.1 Offshore production is higher in Malaysia 117
7.2.3.6.2 Increased foreign investment acting as growth driver 117
7.2.3.7 India 119
7.2.3.7.1 India focusing on more domestic production 119
7.2.3.7.2 Oilfield spending is the major driver for Indian market 119
7.2.3.8 Indonesia 121
7.2.3.8.1 Private players stimulating E&P growth in Indonesia 121
7.2.3.8.2 More drilling equipment are rented in Indonesia 122
7.2.3.9 Rest of Asia-Pacific 123
7.2.3.9.1 Emerging economies driving growth 123
7.2.3.9.2 Rest of Asia-Pacific experiencing significant market growth 123
7.2.4 EUROPE & EURASIA 125
7.2.4.1 Europe holds third place globally in terms of reserves 125
7.2.4.2 Drilling equipment most rented in Europe 126
7.2.4.3 Russian Federation in the biggest OER market in Europe 128
7.2.4.4 Russian Federation 129
7.2.4.4.1 Russian economy driven by energy exports 129
7.2.4.4.2 Rising production increasing OER market in Russia 131
7.2.4.5 Norway 132
7.2.4.5.1 Norway has significant offshore reserves 132
7.2.4.5.2 Drilling equipment hold major share in Norway 133
7.2.4.6 U.K. 134
7.2.4.6.1 Fields in U.K. are maturing 134
7.2.4.6.2 Maturing fields in U.K. favoring more renting 134
7.2.4.7 Kazakhstan 136
7.2.4.7.1 Huge reserve potential in Kazakhstan 136
7.2.4.7.2 OER market in Kazakhstan is fuelled by E&P activities 136
7.2.4.8 Rest of Europe & Eurasia 138
7.2.4.8.1 Considerable reserves exist in Europe 138
7.2.4.8.2 Rest of Europe & Eurasia have huge growth prospect 138
7.2.5 AFRICA 140
7.2.5.1 Africa has substantial offshore production 140
7.2.5.2 Market scenario in Africa favors renting 141
7.2.5.3 Angola is the emerging market in Africa 143
7.2.5.4 Angola 145
7.2.5.4.1 Angola has huge untapped resources 145
7.2.5.4.2 Lack of infrastructure favors renting in Angola 146
7.2.5.5 Nigeria 147
7.2.5.5.1 Nigeria is the largest producer of oil in Africa 147
7.2.5.5.2 Offshore drilling driving market growth 148
7.2.5.6 Algeria 149
7.2.5.6.1 Algeria is ramping up production 149
7.2.5.6.2 Drilling activities are on a rise in Algeria 150
7.2.5.7 Egypt 151
7.2.5.7.1 Egyptian production is increasing again 151
7.2.5.7.2 Egypt is growing slowly at present 152
7.2.5.8 Rest of Africa 153
7.2.5.8.1 Production is rising in Rest of Africa 153
7.2.5.8.2 Better growth in the future 154
7.2.6 LATIN AMERICA 155
7.2.6.1 Latin America has sizeable oil & gas reserves 155
7.2.6.2 Drilling equipment experiencing rampant growth in Latin America 155
7.2.6.3 Brazil dominates the Latin American market 159
7.2.6.4 Brazil 160
7.2.6.4.1 Major offshore activity in Brazil 160
7.2.6.4.2 Rising demand for energy fueling growth 161
7.2.6.5 Mexico 162
7.2.6.5.1 Mexico is a net oil exporter 162
7.2.6.5.2 OER market driven by drilling equipment in Mexico 163
7.2.6.6 Venezuela 164
7.2.6.6.1 Venezuela is an important player in the global oil market 164
7.2.6.6.2 Venezuela will experience significant growth 165
7.2.6.7 Rest of Latin America 166
7.2.6.7.1 Rest of Latin America has sizeable reserves 166
7.2.6.7.2 Steady growth will be experienced in the future 167
7.2.7 MIDDLE EAST 168
7.2.7.1 Middle East has the largest oilfield reserves 168
7.2.7.2 Middle East has a relatively stable OER market 169
7.2.7.3 Iraq dominates the Middle East market 172
7.2.7.4 Iraq 173
7.2.7.4.1 Huge potential waiting to be unlocked in Iraq 173
7.2.7.4.2 Iraq expected to experience enormous growth 174
7.2.7.5 Saudi Arabia 175
7.2.7.5.1 Largest producer of crude oil is Saudi Arabia 175
7.2.7.5.2 Rising foreign investments will experience highest growth 176
7.2.7.6 Iran 177
7.2.7.6.1 Iranian production will decline more in future 177
7.2.7.6.2 Geopolitics hampering market growth in Iran 178
7.2.7.7 Rest of Middle East 179
7.2.7.7.1 Production rising in Middle East 179
7.2.7.7.2 Better growth will be experienced in future 180

8 COMPETITIVE LANDSCAPE 181
8.1 COMPANY ANALYSIS 182
8.1.1 COMPANY PRESENCE, BY EQUIPMENT 182
8.1.2 COMPANY PRESENCE, BY GEOGRAPHY 184
8.1.3 MARKET SHARE ANALYSIS 186
8.2 STRATEGIC DEVELOPMENTS 186
8.2.1 SUPPLY CONTRACTS : MAJOR PART OF DEVELOPMENT IN 2010-2014 190
8.2.2 MERGERS & ACQUISITIONS 199
8.2.3 NEW PRODUCT, SERVICE & TECHNOLOGY LAUNCH 206
8.2.4 NEW EXPANSION FACILITY 212
8.2.5 CONTRACTS & AGREEMENTS 216
8.2.6 OTHER DEVELOPMENTS 218

9 COMPANY PROFILES 223
9.1 SCHLUMBERGER 223
9.1.1 PRODUCTS & SERVICES 224
9.1.2 KEY STRATEGIES 225
9.1.3 RECENT DEVELOPMENTS 226
9.1.4 SWOT ANALYSIS 229
9.1.5 MNM VIEW 229
9.2 HALLIBURTON CO. 231
9.2.1 PRODUCTS & SERVICES 232
9.2.2 KEY STRATEGIES 234
9.2.3 RECENT DEVELOPMENTS 235
9.2.4 SWOT ANALYSIS 238
9.2.5 MNM VIEW 238
9.3 SUPERIOR ENERGY SERVICES INC. 239
9.3.1 PRODUCTS & SERVICES 240
9.3.2 KEY STRATEGIES 244
9.3.3 RECENT DEVELOPMENTS 244
9.3.4 SWOT ANALYSIS 245
9.3.5 MNM VIEW 245
9.4 OIL STATES INTERNATIONAL INC. 246
9.4.1 PRODUCTS & SERVICES 247
9.4.2 KEY STRATEGY 249
9.4.3 RECENT DEVELOPMENTS 249
9.4.4 MNM VIEW 250
9.4.5 SWOT ANALYSIS 251
9.5 FMC TECHNOLOGIES 252
9.5.1 PRODUCTS & SERVICES 253
9.5.2 KEY STRATEGY 253
9.5.3 RECENT DEVELOPMENTS 254
9.5.4 SWOT ANALYSIS 261
9.5.5 MNM VIEW 262
9.6 WEATHERFORD INTERNATIONAL LTD. 263
9.6.1 PRODUCTS & SERVICES 264
9.6.2 KEY STRATEGY 265
9.6.3 RECENT DEVELOPMENTS 265
9.6.4 SWOT ANALYSIS 267
9.6.5 MNM VIEW 267
9.7 PARKER DRILLING CO. 268
9.7.1 PRODUCTS & SERVICES 269
9.7.2 KEY STRATEGY 272
9.7.3 RECENT DEVELOPMENTS 272
9.8 SEVENTY SEVEN ENERGY INC. (CHESAPEAKE ENERGY CORPORATION) 273
9.8.1 PRODUCTS & SERVICES 274
9.8.2 KEY STRATEGY 276
9.8.3 RECENT DEVELOPMENTS 277
9.9 BASIC ENERGY SERVICES, INC. 278
9.9.1 PRODUCTS AND SERVICES 279
9.9.2 KEY STRATEGY 279
9.9.3 RECENT DEVELOPMENTS 279
9.10 KEY ENERGY SERVICES 281
9.10.1 PRODUCTS & SERVICES 282
9.10.2 KEY STRATEGY 283
9.10.3 RECENT DEVELOPMENTS 283
9.10.4 SWOT ANALYSIS 284
9.10.5 MNM VIEW 284

LIST OF TABLES

TABLE 1 ESTIMATED GLOBAL UPSTREAM SPENDING (2010 TO 2015) 48
TABLE 2 AVERAGE CRUDE OIL PRICES, BY TYPES, 2009 – 2014 ($/BARREL) 49
TABLE 3 GLOBAL TECHNICALLY RECOVERABLE SHALE GAS RESERVE 54
TABLE 4 NEW COUNTRY-WISE OIL & GAS DISCOVERIES IN SEPTEMBER 2013 56
TABLE 5 INDUSTRY TRENDS: FOCUSING ON UNCONVENTIONAL OIL SOURCES 63
TABLE 6 OER MARKET SIZE, BY EQUIPMENT, 2012 – 2019 ($MILLION) 72
TABLE 7 DRILLING: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 74
TABLE 8 DRILLING: EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 – 2019 ($MILLION) 75
TABLE 9 DRILLPIPE: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 76
TABLE 10 DRILL COLLARS: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 78
TABLE 11 HEVI-WATE: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 79
TABLE 12 SUBS: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY 2012 – 2019 ($MILLION) 81
TABLE 13 OTHERS: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 82
TABLE 14 P&FC: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY 2012 – 2019 ($MILLION) 85
TABLE 15 P&FC: EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 – 2019 ($MILLION) 86
TABLE 16 BOPS: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 87
TABLE 17 VALVES & MANIFOLDS: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 88
TABLE 18 OTHER P&FC: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 90
TABLE 19 FISHING TOOLS: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 91
TABLE 20 OTHERS: EQUIPMENT RENTAL MARKET SIZE, BY GEOGRAPHY, 2012 – 2019 ($MILLION) 92
TABLE 21 OER MARKET REVENUE, BY GEOGRAPHY, 2012 - 2019 ($MILLION) 98
TABLE 22 NORTH AMERICA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MILLION TONNES) 99
TABLE 23 NORTH AMERICA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 100
TABLE 24 NORTH AMERICA: DRILLING EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 - 2019 ($MILLION) 101
TABLE 25 NORTH AMERICA: P&FC EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 - 2019 ($MILLION) 102
TABLE 26 NORTH AMERICA: OER MARKET REVENUE, BY COUNTRIES 2012 - 2019 ($MILLION) 103
TABLE 27 U.S: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 104
TABLE 28 U.S: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 105
TABLE 29 CANADA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 106
TABLE 30 CANADA: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 107
TABLE 31 ASIA-PACIFIC: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 108
TABLE 32 ASIA-PACIFIC: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 109
TABLE 33 ASIA-PACIFIC: DRILLING EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 - 2019 ($MILLION) 110
TABLE 34 ASIA-PACIFIC: P&FC EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 - 2019 ($MILLION) 111
TABLE 35 ASIA-PACIFIC: OER MARKET REVENUE, BY COUNTRIES, 2012 - 2019 ($MILLION) 112
TABLE 36 CHINA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 113
TABLE 37 CHINA: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 114
TABLE 38 AUSTRALIA: OIL SCENARIO, 2009 – 2013 (MMBOE) 115
TABLE 39 AUSTRALIA: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 116
TABLE 40 MALAYSIA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 117
TABLE 41 MALAYSIA: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 118
TABLE 42 INDIA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 119
TABLE 43 INDIA: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 120
TABLE 44 INDONESIA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 121
TABLE 45 INDONESIA: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 122
TABLE 46 REST OF ASIA-PACIFIC : OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 123
TABLE 47 REST OF ASIA-PACIFIC: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 124
TABLE 48 EUROPE & EURASIA : OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 125
TABLE 49 EUROPE : OER MARKET REVENUE, BY EQUIPMENT 2012 - 2019 ($MILLION) 126
TABLE 50 EUROPE: DRILLING EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 - 2019 ($MILLION) 127
TABLE 51 EUROPE & EURASIA: P&FC EQUIPMENT RENTAL MARKET SIZE, BY TYPES, 2012 - 2019 ($MILLION) 128
TABLE 52 EUROPE: OER MARKET REVENUE, BY COUNTRIES, 2012 - 2019 ($MILLION) 129
TABLE 53 RUSSIAN FEDERATION: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 130
TABLE 54 RUSSIAN FEDERATION: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 131
TABLE 55 NORWAY: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 132
TABLE 56 NORWAY: OER MARKET REVENUE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 133
TABLE 57 U.K: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 134
TABLE 58 U.K: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 135
TABLE 59 KAZAKHSTAN: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 136
TABLE 60 KAZAKHSTAN: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 137
TABLE 61 REST OF EUROPE & EURASIA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 138
TABLE 62 REST OF EUROPE & EURASIA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 139
TABLE 63 AFRICA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 140
TABLE 64 AFRICA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 141
TABLE 65 AFRICA: DRILLING EQUIPMENT RENTAL MARKET SIZE, BY TYPE, 2012 - 2019 ($MILLION) 142
TABLE 66 AFRICA: P&FC EQUIPMENT RENTAL MARKET SIZE, BY TYPE, 2012 - 2019 ($MILLION) 143
TABLE 67 AFRICA: OER MARKET SIZE, BY COUNTRY, 2012 - 2019 ($MILLION) 144
TABLE 68 ANGOLA: OIL CONSUMPTION, 2009 – 2013 (MMBOE) 145
TABLE 69 ANGOLA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 146
TABLE 70 NIGERIA: OIL PRODUCTION, 2009 – 2013 (MMBOE) 147
TABLE 71 NIGERIA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 148
TABLE 72 ALGERIA: OIL PRODUCTION & CONSUMPTION 2009 - 2013 (MMBOE) 149
TABLE 73 ALGERIA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 150
TABLE 74 EGYPT: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 151
TABLE 75 EGYPT: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 152
TABLE 76 REST OF AFRICA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 153
TABLE 77 REST OF AFRICA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 154
TABLE 78 LATIN AMERICA: OIL CONSUMPTION & PRODUCTION, 2009 – 2013 (MMBOE) 155
TABLE 79 LATIN AMERICA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 156
TABLE 80 LATIN AMERICA: DRILLING EQUIPMENT RENTAL MARKET SIZE, BY TYPE, 2012 - 2019 ($MILLION) 157
TABLE 81 LATIN AMERICA: P&FC EQUIPMENT RENTAL MARKET REVENUE, BY TYPES, 2012 - 2019 ($MILLION) 158
TABLE 82 LATIN AMERICA: OER MARKET SIZE, BY COUNTRY, 2012 - 2019 ($MILLION) 159
TABLE 83 BRAZIL: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 160
TABLE 84 BRAZIL: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 161
TABLE 85 MEXICO: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 162
TABLE 86 MEXICO: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 163
TABLE 87 VENEZUELA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 164
TABLE 88 VENEZUELA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 165
TABLE 89 REST OF LATIN AMERICA: OIL PRODUCTION & CONSUMPTION, 2009– 2013 (MMBOE) 166
TABLE 90 REST OF LATIN AMERICA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 167
TABLE 91 MIDDLE EAST: OIL PRODUCTION & CONSUMPTION, 2009 – 13 (MMBOE) 168
TABLE 92 MIDDLE EAST: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 169
TABLE 93 MIDDLE EAST: DRILLING EQUIPMENT RENTAL MARKET SIZE, BY TYPE, 2012 - 2019 ($MILLION) 170
TABLE 94 MIDDLE EAST: P&FC EQUIPMENT RENTAL MARKET SIZE, BY TYPE 2012 - 2019 ($MILLION) 171
TABLE 95 MIDDLE EAST: OER MARKET SIZE, BY COUNTRY, 2012 - 2019 ($MILLION) 172
TABLE 96 IRAQ: OIL PRODUCTION , 2009 – 2013 (MMBOE) 173
TABLE 97 IRAQ: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 174
TABLE 98 SAUDI ARABIA: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 175
TABLE 99 SAUDI ARABIA: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 176
TABLE 100 IRAN: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 177
TABLE 101 IRAN: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 178
TABLE 102 REST OF MIDDLE EAST: OIL PRODUCTION & CONSUMPTION, 2009 – 2013 (MMBOE) 179
TABLE 103 REST OF MIDDLE EAST: OER MARKET SIZE, BY EQUIPMENT, 2012 - 2019 ($MILLION) 180
TABLE 104 SUPPLY CONTRACT, 2010 – 2014 191
TABLE 105 MERGERS & ACQUISITIONS, 2010-2014 200
TABLE 106 NEW PRODUCT, SERVICE & TECHNOLOGY LAUNCH, 2010 – 2014 207
TABLE 107 NEW EXPANSION FACILITY, 2010-2014 213
TABLE 108 CONTRACTS & AGREEMENTS, 2010 - 2014 217
TABLE 109 OTHER DEVELOPMENTS, 2010 – 2014 219

LIST OF FIGURES

FIGURE 1 GLOBAL OILFIELD EQUIPMENT MARKET BY TYPES 22
FIGURE 2 OER MARKET, BY GEOGRAPHY-2013 27
FIGURE 3 OER MARKET, BY EQUIPMENT-2013 28
FIGURE 4 GLOBAL OILFIELD EQUIPMENT RENTAL MARKET SEGMENTATION 30
FIGURE 5 OER MARKET, BY GEOGRAPHY 2013 31
FIGURE 6 OER MARKET, BY EQUIPMENT 2013 32
FIGURE 7 GEOGRAPHICAL PRESENCE OF OER MARKET, 2013 33
FIGURE 8 GLOBAL OER MARKET REVENUE TREND BY GEOGRAPHY, 2010-2019 34
FIGURE 9 GLOBAL OER MARKET REVENUE, BY GEOGRAPHY & COUNTRIES, 2013 ($MILLION) 35
FIGURE 10 OER MARKET SHARE, BY EQUIPMENT, 2019 36
FIGURE 11 MARKET SHARE ANALYSIS FOR TOP 20 COMPANIES, 2012 38
FIGURE 12 COMPETITIVE DEVELOPMENTS, BY YEARS, 2010 – 2014 39
FIGURE 13 COMPETITIVE DEVELOPMENTS, BY TYPES, 2010 – 2014 40
FIGURE 14 GROWTH STRATEGIES OF TOP 5 COMPANIES, 2010 – 2014 41
FIGURE 15 OILFIELD EQUIPMENT RENTAL MARKET SEGMENTATION: BY EQUIPMENT 45
FIGURE 16 TOTAL WORLD OIL RESERVES 49
FIGURE 17 REGION-WISE OIL WELLS DRILLED IN 2012 50
FIGURE 18 SUPPLY CHAIN 62
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS (2013) 64
FIGURE 20 STRATEGIC BENCHMARKING: KEY DEVELOPMENTS BY TOP PLAYERS 67
FIGURE 21 OER MARKET SEGMENTATION, BY EQUIPMENT 69
FIGURE 22 OER MARKET SHARE, BY EQUIPMENT, 2013 70
FIGURE 23 OER MARKET SHARE, BY EQUIPMENT, 2018 71
FIGURE 24 OER MARKET SEGMENTATION, BY DRILLING EQUIPMENT 73
FIGURE 25 OER MARKET SEGMENTATION, BY PRESSURE & FLOW CONTROL EQUIPMENT 84
FIGURE 26 OER MARKET SEGMENTATION, BY GEOGRAPHY 95
FIGURE 27 OER MARKET SHARE, BY GEOGRAPHY, 2014 96
FIGURE 28 OER MARKET SIZE V/S GROWTH ANALYSIS, BY GEOGRAPHY, 2013 – 2019 97
FIGURE 29 MARKET SHARE ANALYSIS FOR TOP 20 COMPANIES, 2013 186
FIGURE 30 COMPETITIVE DEVELOPMENTS, BY TYPES, 2010 – 2014 187
FIGURE 31 COMPETITIVE DEVELOPMENTS, BY YEARS, 2010 – 2014 188
FIGURE 32 GROWTH STRATEGIES OF TOP 5 COMPANIES, 2010 – 2014 189
FIGURE 33 SUPPLY CONTRACTS, 2010 – 2014 190
FIGURE 34 MERGERS & ACQUISITIONS, 2010 - 2014 199
FIGURE 35 NEW PRODUCT, SERVICE & TECHNOLOGY LAUNCH, 2010-2014 206
FIGURE 36 NEW EXPANSION FACILITY, 2010-2014 212
FIGURE 37 CONTRACTS & AGREEMENTS , 2010 – 2014 216
FIGURE 38 OTHERS, 2010 – 2014 219


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