Oilfield Services Market is Set for a Rapid Growth and is Expected to Reach $125.51 Billion by 2022
The oilfield services market is expected to grow at a CAGR of 3.35%, from 2017 to 2022, to reach a market size of USD 125.51 billion by 2022. Increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions are the major drivers of the oilfield services market.
The oilfield services market is dominated by a few major players that have a wide regional presence...
Oilfield Services Market Growing with Unconventional Explorations
Oilfield services majorly provide all the supporting service to the petroleum producing and exploration companies. They make sure that the production and exploration of the oil and gas is going smooth, despite the distance and locations. Growth in demand for petroleum products and technological advancements in the service segments are the strongest drivers for the global oilfield services market. The...