Fast Market Research announces the availability of the new TechNavio report, "Global Oilfield Services Market 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 03/15/2016 --The oilfield services (OFS) market consists of a diverse set of services such as exploration, drilling, production, and completion. The market is unpredictable, as it is vulnerable to oil and gas price fluctuations. Despite this vulnerability, oilfield services providers are investing in and developing new technologies to boost production. These new technologies, such as enhanced oil recovery (EOR) and vertical drilling, reduce drilling time and enable efficient extraction of oil. Further, operational costs are being reduced through faster completion times and cleaner processing methods. Such developments are encouraging further investments.

Get More Details on this Report and a Full Table of Contents at Global Oilfield Services Market 2016-2020

Technavio's analysts forecast the global oilfield services market to grow at a CAGR of 4.67% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global oilfield services market for 2016-2020. It provides a detailed study of both onshore and offshore applications, along with revenue and growth patterns. The report also discusses the different services offered in the market

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Oilfield Services Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Schlumberger
-Halliburton
-Weatherford International
-National Oilwell Varco
-Baker Hughes

Other prominent vendors

-China Oilfield Services
-Saipem
-Petrofac
-Transocean
-Fluor
-Worley Parsons

Market driver

-Rise in global oil and gas consumption
-For a full, detailed list, view our report

Market challenge

-High cost of production
-For a full, detailed list, view our report

Market trend

-Growth in oil and gas upstream investments
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Schlumberger, Halliburton, Weatherford International, National Oilwell Varco, Baker Hughes, China Oilfield Services, Saipem, Petrofac, Transocean, Fluor, Worley Parsons

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