Table of Content

1 INTRODUCTION 32
1.1 OBJECTIVES OF STUDY 32
1.2 DEFINITION 32
1.2.1 HYDRAULIC FRACTURING MARKET, BY APPLICATION:
INCLUSIONS & EXCLUSIONS 33
1.3 MARKET SCOPE 33
1.3.1 MARKET SEGMENTATION 33
1.3.2 REGIONAL SCOPE 33
1.3.3 YEARS CONSIDERED FOR STUDY 34
1.4 CURRENCY 34
1.5 LIMITATIONS 34
1.6 STAKEHOLDERS 35
1.7 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 HYDRAULIC FRACTURING MARKET: RESEARCH DESIGN 37
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 2 DATA TRIANGULATION METHODOLOGY 38
2.2.1 SECONDARY DATA 38
2.2.2 PRIMARY DATA 39
2.2.2.1 Key industry insights 39
2.2.2.2 Breakdown of primaries 40
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 40
2.2.3 IMPACT OF COVID-19 ON OIL & GAS INDUSTRY 41
2.3 MARKET SIZE ESTIMATION 41
2.3.1 BOTTOM-UP APPROACH 41
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 41
2.3.2 TOP-DOWN APPROACH 42
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 42
2.4 DEMAND SIDE METRICS 43
FIGURE 6 MAIN METRICS CONSIDERED WHILE ASSESSING DEMAND FOR
HYDRAULIC FRACTURING 43
2.4.1 CALCULATION FOR DEMAND SIDE METRICS 43
2.4.2 RESEARCH ASSUMPTIONS FOR DEMAND SIDE METRICS 44
2.5 SUPPLY SIDE ANALYSIS 44
FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF HYDRAULIC FRACTURING 44
FIGURE 8 HYDRAULIC FRACTURING MARKET: SUPPLY SIDE ANALYSIS, 2020 45
2.5.1 CALCULATIONS FOR SUPPLY SIDE 45
2.5.2 ASSUMPTIONS FOR SUPPLY SIDE 45
2.6 FORECAST 45
3 EXECUTIVE SUMMARY 46
TABLE 1 HYDRAULIC FRACTURING MARKET SNAPSHOT 46
FIGURE 9 SHALE GAS SEGMENT TO DOMINATE HYDRAULIC FRACTURING MARKET,
BY APPLICATION, DURING FORECAST PERIOD 47
FIGURE 10 HORIZONTAL SEGMENT TO DOMINATE HYDRAULIC FRACTURING MARKET,
BY WELL TYPE, DURING FORECAST PERIOD 47
FIGURE 11 PLUG & PERF SEGMENT TO HOLD LARGEST SHARE OF HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD 48
FIGURE 12 NORTH AMERICA DOMINATED HYDRAULIC FRACTURING MARKET IN 2020 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES IN HYDRAULIC FRACTURING MARKET 50
FIGURE 13 INCREASING SHALE EXPLORATION AND PRODUCTION ACTIVITIES TO DRIVE GROWTH OF HYDRAULIC FRACTURING MARKET FROM 2021 TO 2026 50
4.2 HYDRAULIC FRACTURING MARKET, BY WELL TYPE 50
FIGURE 14 HORIZONTAL SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2020 50
4.3 HYDRAULIC FRACTURING MARKET, BY APPLICATION 51
FIGURE 15 SHALE GAS SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2020 51
4.4 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY 51
FIGURE 16 PLUG & PERF SEGMENT DOMINATED HYDRAULIC FRACTURING MARKET IN 2020 51
4.5 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY WELL TYPE AND COUNTRY 51
FIGURE 17 HORIZONTAL SEGMENT AND US DOMINATED NORTH AMERICAN HYDRAULIC FRACTURING MARKET IN 2020 51
4.6 HYDRAULIC FRACTURING MARKET, BY REGION (VALUE) 52
FIGURE 18 NORTH AMERICA TO WITNESS HIGHEST GROWTH IN HYDRAULIC FRACTURING MARKET DURING FORECAST PERIOD 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 COVID-19 HEALTH ASSESSMENT 53
FIGURE 19 COVID-19 GLOBAL PROPAGATION 53
FIGURE 20 COVID-19 PROPAGATION IN SELECTED COUNTRIES 54
5.3 ROAD TO RECOVERY 55
FIGURE 21 COVID-19 PROPAGATION IN SELECTED COUNTRIES 55
5.4 COVID-19 ECONOMIC ASSESSMENT 56
FIGURE 22 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 56
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5.5 MARKET DYNAMICS 57
FIGURE 23 HYDRAULIC FRACTURING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 57
5.5.1 DRIVERS 57
5.5.1.1 Increasing shale exploration and production activities globally 57
5.5.1.1.1 Presence of large shale-proved reserves globally 58
TABLE 2 TOP COUNTRIES WITH RECOVERABLE SHALE RESOURCES, 2019 58
5.5.1.1.2 Increasing shale gas drilling activities 58
FIGURE 24 US DRY NATURAL GAS PRODUCTION, BY TYPE,
2000–2050 (TRILLION CUBIC FEET) 59
5.5.1.2 Growing demand for hydraulic fracturing technology with increasing requirement for energy 59
FIGURE 25 GLOBAL OIL DEMAND, 2019–2026 (THOUSAND BARRELS PER DAY) 60
FIGURE 26 GLOBAL NATURAL GAS DEMAND, BY REGION,
2010–2019 (BILLION CUBIC METERS) 60
5.5.2 RESTRAINTS 61
5.5.2.1 High water usage and environmental concerns associated with hydraulic fracturing 61
FIGURE 27 WATER USAGE IN SHALE PLAYS ACROSS US (MILLION/YR) 62
FIGURE 28 HYDRAULIC FRACTURING WATER CYCLE AND ITS IMPACT ON WATER SUPPLIES 62
FIGURE 29 FRACTURING FLUID COMPOSITION 63
5.5.2.2 Growing concerns regarding seismic activities due to hydraulic fracturing 63
5.5.2.3 Local ban and suspensions on hydraulic fracturing 64
TABLE 3 HYDRAULIC FRACTURING: NATIONAL POLICY REGARDING SHALE
OIL AND GAS PRODUCTION 64
5.5.3 OPPORTUNITIES 65
5.5.3.1 Capability of foams of providing waterless fracking 65
FIGURE 30 APPLICATIONS OF FOAM IN OIL & GAS INDUSTRY?SINCE 1950 TILL DATE 66
TABLE 4 WATER-BASED FRACTURING FLUIDS FEATURE HIGHER RECYCLING PROPERTIES 67
5.5.4 CHALLENGES 67
5.5.4.1 Health and environmental impacts of fracking chemicals 67
5.5.4.2 Disruptions in hydraulic fracturing operations and demand shock attributed to COVID-19 68
5.6 TRENDS/DISRUPTIONS IMPACTING SERVICE PROVIDERS 69
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR HYDRAULIC FRACTURING SERVICE PROVIDERS 69
FIGURE 31 REVENUE SHIFT FOR HYDRAULIC FRACTURING MARKET 69
5.7 SUPPLY CHAIN ANALYSIS 70
FIGURE 32 SUPPLY CHAIN ANALYSIS: HYDRAULIC FRACTURING MARKET 70
TABLE 5 HYDRAULIC FRACTURING MARKET: SUPPLY CHAIN/ECOSYSTEM 70
5.7.1 KEY INFLUENCERS 71
5.7.1.1 Raw material suppliers 71
5.7.1.2 Service providers 71
5.7.1.3 Oilfield operators 71
5.8 MARKET MAP 72
FIGURE 33 HYDRAULIC FRACTURING: MARKET MAP 72
5.9 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 34 PORTER’S FIVE FORCES ANALYSIS FOR HYDRAULIC FRACTURING 73
TABLE 6 HYDRAULIC FRACTURING MARKET: PORTER’S FIVE FORCES ANALYSIS 73
5.9.1 THREAT OF SUBSTITUTES 74
5.9.2 BARGAINING POWER OF BUYERS 74
5.9.3 BARGAINING POWER OF SUPPLIERS 74
5.9.4 THREAT OF NEW ENTRANTS 74
5.9.5 INTENSITY OF RIVALRY 74
5.10 HYDRAULIC FRACTURING MARKET: PATENT REGISTRATIONS 75
TABLE 7 HYDRAULIC FRACTURING MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2020–2021 75
5.11 HYDRAULIC FRACTURING MARKET: REGULATIONS 77
TABLE 8 HYDRAULIC FRACTURING MARKET: REGULATIONS 77
5.12 CASE STUDY ANALYSIS 79
5.12.1 HYDRAULIC FRACTURING OF TIGHT FORMATIONS IN MIDDLE EAST 79
5.12.1.1 Multistage system optimized hydraulic fracturing of
high-pressure and high temperature (HPHT) tight formations 79
5.12.1.1.1 Problem statement 79
5.12.1.1.2 Solution 79
6 HYDRAULIC FRACTURING MARKET, BY APPLICATION 80
6.1 INTRODUCTION 81
FIGURE 35 HYDRAULIC FRACTURING MARKET SHARE, BY APPLICATION, 2020 81
TABLE 9 HYDRAULIC FRACTURING MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 81
6.2 SHALE GAS 82
6.2.1 LARGE PRESENCE OF SHALE RESERVES ON GLOBAL LEVEL TO DRIVE GROWTH OF SHALE GAS APPLICATION SEGMENT 82
TABLE 10 HYDRAULIC FRACTURING MARKET FOR SHALE GAS, BY REGION,
2019–2026 (USD MILLION) 82
6.3 TIGHT OIL 83
6.3.1 INCREASING DEMAND FOR CRUDE OIL TO BOOST GROWTH OF TIGHT OIL SEGMENT 83
TABLE 11 HYDRAULIC FRACTURING MARKET FOR TIGHT OIL, BY REGION,
2019–2026 (USD MILLION) 83
6.4 TIGHT GAS 84
6.4.1 INCREASING INVESTMENTS IN DEVELOPMENT OF TIGHT GAS FIELDS TO DRIVE GROWTH OF SEGMENT 84
TABLE 12 HYDRAULIC FRACTURING MARKET FOR TIGHT GAS, BY REGION,
2019–2026 (USD MILLION) 84
7 HYDRAULIC FRACTURING MARKET, BY WELL TYPE 85
7.1 INTRODUCTION 86
FIGURE 36 HYDRAULIC FRACTURING MARKET SHARE, BY WELL TYPE, 2020 86
TABLE 13 HYDRAULIC FRACTURING MARKET, BY WELL TYPE,
2019–2026 (USD MILLION) 86
7.2 HORIZONTAL 87
7.2.1 SHALE DEVELOPMENTS TO BOOST GROWTH OF HORIZONTAL WELL SEGMENT 87
TABLE 14 HYDRAULIC FRACTURING MARKET FOR HORIZONTAL WELLS, BY REGION, 2019–2026 (USD MILLION) 87
7.3 VERTICAL 88
7.3.1 GROWING NEED TO INCREASE EFFICIENCY AND OUTPUT OF VERTICAL WELLS TO DRIVE MARKET GROWTH 88
TABLE 15 HYDRAULIC FRACTURING MARKET FOR VERTICAL WELLS, BY REGION,
2019–2026 (USD MILLION) 88
8 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY 89
8.1 INTRODUCTION 90
FIGURE 37 HYDRAULIC FRACTURING MARKET SHARE, BY TECHNOLOGY, 2020 90
TABLE 16 HYDRAULIC FRACTURING MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 90
8.2 PLUG & PERF 91
8.2.1 EASE OF OPERATION AND ACCESSIBILITY TO BOOST DEMAND FOR
PLUG & PERF TECHNOLOGY 91
TABLE 17 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF, BY REGION,
2019–2026 (USD MILLION) 91
8.3 SLIDING SLEEVE 92
8.3.1 INCREASING INVESTMENTS IN DEVELOPMENT OF SLIDING SLEEVE TECHNOLOGY TO DRIVE MARKET GROWTH 92
TABLE 18 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE, BY REGION,
2019–2026 (USD MILLION) 92
9 GEOGRAPHIC ANALYSIS 93
9.1 INTRODUCTION 94
FIGURE 38 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA TO REGISTER HIGHEST CAGR FROM 2021 TO 2026 95
FIGURE 39 HYDRAULIC FRACTURING MARKET SHARE, BY REGION, 2020 (%) 95
TABLE 19 HYDRAULIC FRACTURING MARKET, BY REGION, 2019–2026 (USD MILLION) 96
9.2 NORTH AMERICA 96
FIGURE 40 SNAPSHOT: NORTH AMERICA LED HYDRAULIC FRACTURING MARKET IN 2020 97
9.2.1 MACRO TRENDS 97
9.2.1.1 Shale gas reserves 97
TABLE 20 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN NORTH AMERICA, BY COUNTRY (TCF) 97
9.2.1.2 Shale/tight oil reserves 98
TABLE 21 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
NORTH AMERICA, BY COUNTRY (BILLION BBL) 98
9.2.1.3 Crude oil production 98
TABLE 22 CRUDE OIL PRODUCTION IN NORTH AMERICA, BY COUNTRY (THOUSAND BARRELS DAILY) 98
9.2.2 BY APPLICATION 98
TABLE 23 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY APPLICATION, 2019–2026 (USD MILLION) 98
9.2.3 BY WELL TYPE 99
TABLE 24 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY WELL TYPE, 2019–2026 (USD MILLION) 99
9.2.3.1 Well type, by country 99
TABLE 25 HORIZONTAL HYDRAULIC FRACTURING MARKET IN NORTH AMERICA,
BY COUNTRY, 2019–2026 (USD MILLION) 99
TABLE 26 VERTICAL HYDRAULIC FRACTURING MARKET IN NORTH AMERICA,
BY COUNTRY, 2019–2026 (USD MILLION) 99
9.2.4 BY TECHNOLOGY 100
TABLE 27 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2019–2026 (USD MILLION) 100
9.2.4.1 Technology, by country 100
TABLE 28 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN NORTH AMERICA,
BY COUNTRY, 2019–2026 (USD MILLION) 100
TABLE 29 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 100
9.2.5 BY COUNTRY 101
TABLE 30 HYDRAULIC FRACTURING MARKET IN NORTH AMERICA, BY COUNTRY,
2019–2026 (USD MILLION) 101
9.2.5.1 US 101
9.2.5.1.1 Increasing production from shale and tight oil reserves in US to drive growth of hydraulic fracturing market 101
9.2.5.1.2 Macro trends 102
TABLE 31 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN US (TCF) 102
TABLE 32 SHALE/TIGHT OIL PROVED RESERVES FROM SELECTED US TIGHT PLAYS, 2019, IN US (BILLION BBL) 103
TABLE 33 CRUDE OIL PRODUCTION IN US (THOUSAND BARRELS DAILY) 103
9.2.5.1.3 By well type 103
TABLE 34 HYDRAULIC FRACTURING MARKET IN US, BY WELL TYPE,
2019–2026 (USD MILLION) 103
9.2.5.1.4 By technology 104
TABLE 35 HYDRAULIC FRACTURING MARKET IN US, BY TECHNOLOGY,
2019–2026 (USD MILLION) 104
9.2.5.2 Canada 104
9.2.5.2.1 Increasing investments in Duvernay and Montney formations to drive growth of hydraulic fracturing market 104
9.2.5.2.2 Macro trends 105
TABLE 36 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CANADA,
BY COUNTRY, (TCF) 105
TABLE 37 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL
RESERVES IN CANADA (BILLION BBL) 105
TABLE 38 CRUDE OIL PRODUCTION IN CANADA (THOUSAND BARRELS DAILY) 106
9.2.5.2.3 By well type 106
TABLE 39 HYDRAULIC FRACTURING MARKET IN CANADA, BY WELL TYPE,
2019–2026 (USD MILLION) 106
9.2.5.2.4 By technology 106
TABLE 40 HYDRAULIC FRACTURING MARKET IN CANADA, BY TECHNOLOGY,
2019–2026 (USD MILLION) 106
9.3 ASIA PACIFIC 107
FIGURE 41 SNAPSHOT: ASIA PACIFC HYDRAULIC FRACTURING MARKET, 2020 108
9.3.1 MACRO TRENDS 109
9.3.1.1 Shale gas reserves 109
TABLE 41 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN
ASIA PACIFIC, BY COUNTRY (TCF) 109
9.3.1.2 Shale/ tight oil reserves 109
TABLE 42 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
ASIA PACIFIC, BY COUNTRY (BILLION BBL) 109
9.3.1.3 Crude oil production 109
TABLE 43 CRUDE OIL PRODUCTION IN ASIA PACIFIC,
BY COUNTRY (THOUSAND BARRELS DAILY) 109
9.3.2 BY APPLICATION 110
TABLE 44 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY APPLICATION,
2019–2026 (USD MILLION) 110
9.3.3 BY WELL TYPE 110
TABLE 45 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY WELL TYPE,
2019–2026 (USD MILLION) 110
9.3.3.1 Well type, by country 110
TABLE 46 HORIZONTAL HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC,
BY COUNTRY, 2019–2026 (USD MILLION) 110
TABLE 47 VERTICAL HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION) 111
9.3.4 BY TECHNOLOGY 111
TABLE 48 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY TECHNOLOGY,
2019–2026 (USD MILLION) 111
9.3.4.1 Technology, by country 111
TABLE 49 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN ASIA PACIFIC,
BY COUNTRY, 2019–2026 (USD MILLION) 111
TABLE 50 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN ASIA PACIFIC,
BY COUNTRY, 2019–2026 (USD MILLION) 112
9.3.5 BY COUNTRY 112
TABLE 51 HYDRAULIC FRACTURING MARKET IN ASIA PACIFIC, BY COUNTRY,
2019–2026 (USD MILLION) 112
9.3.5.1 China 112
9.3.5.1.1 Increasing exploration and production from unconventional resources to fuel growth of Chinese hydraulic fracturing market 112
9.3.5.1.2 Macro trends 113
TABLE 52 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CHINA (TCF) 113
TABLE 53 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
CHINA (BILLION BBL) 113
TABLE 54 CRUDE OIL PRODUCTION IN CHINA (THOUSAND BARRELS DAILY) 114
9.3.5.1.3 By well type 114
TABLE 55 HYDRAULIC FRACTURING MARKET IN CHINA, BY WELL TYPE,
2019–2026 (USD MILLION) 114
9.3.5.1.4 By technology 114
TABLE 56 HYDRAULIC FRACTURING MARKET IN CHINA, BY TECHNOLOGY,
2019–2026 (USD MILLION) 114
9.3.5.2 Australia 114
9.3.5.2.1 Presence of significant unconventional shale resources to create growth opportunities for hydraulic fracturing market 114
9.3.5.2.2 Macro trends 115
TABLE 57 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN
AUSTRALIA (TCF) 115
TABLE 58 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN AUSTRALIA (BILLION BBL) 115
TABLE 59 CRUDE OIL PRODUCTION IN AUSTRALIA (THOUSAND BARRELS DAILY) 116
9.3.5.2.3 By well type 116
TABLE 60 HYDRAULIC FRACTURING MARKET IN AUSTRALIA, BY WELL TYPE,
2019–2026 (USD MILLION) 116
9.3.5.2.4 By technology 116
TABLE 61 HYDRAULIC FRACTURING MARKET IN AUSTRALIA, BY TECHNOLOGY,
2019–2026 (USD MILLION) 116
9.3.5.3 Rest of Asia Pacific 117
9.3.5.3.1 Macro trends 117
TABLE 62 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN INDIA (TCF) 117
TABLE 63 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN TURKEY (TCF) 117
TABLE 64 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN INDIA (BILLION BBL) 118
TABLE 65 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN TURKEY (BILLION BBL) 118
TABLE 66 CRUDE OIL PRODUCTION IN REST OF ASIA PACIFIC (THOUSAND BARRELS DAILY) 118
9.3.5.3.2 By well type 118
TABLE 67 HYDRAULIC FRACTURING MARKET IN REST OF ASIA PACIFIC, BY WELL TYPE, 2019–2026 (USD MILLION) 118
9.3.5.3.3 By technology 119
TABLE 68 HYDRAULIC FRACTURING MARKET IN REST OF ASIA PACIFIC,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 119
9.4 LATIN AMERICA 119
9.4.1 MACRO TRENDS 120
9.4.1.1 Shale gas reserves 120
TABLE 69 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN
LATIN AMERICA, BY COUNTRY (TCF) 120
9.4.1.2 Shale/tight oil reserves 120
TABLE 70 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
LATIN AMERICA, BY COUNTRY (BILLION BBL) 120
9.4.1.3 Crude oil production 120
TABLE 71 CRUDE OIL PRODUCTION IN LATIN AMERICA,
BY COUNTRY (THOUSAND BARRELS DAILY) 120
9.4.2 BY APPLICATION 121
TABLE 72 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY APPLICATION, 2019–2026 (USD MILLION) 121
9.4.3 BY WELL TYPE 121
TABLE 73 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY WELL TYPE,
2019–2026 (USD MILLION) 121
9.4.3.1 Well type, by country 121
TABLE 74 HORIZONTAL HYDRAULIC FRACTURING MARKET IN LATIN AMERICA,
BY COUNTRY, 2019–2026 (USD MILLION) 121
TABLE 75 VERTICAL HYDRAULIC FRACTURING MARKET IN LATIN AMERICA,
BY COUNTRY, 2019–2026 (USD MILLION) 122
9.4.4 BY TECHNOLOGY 122
TABLE 76 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY TECHNOLOGY, 2019–2026 (USD MILLION) 122
9.4.4.1 Technology, by country 122
TABLE 77 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN LATIN AMERICA,
BY COUNTRY, 2019–2026 (USD MILLION) 122
TABLE 78 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN LATIN AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 123
9.4.5 BY COUNTRY 123
TABLE 79 HYDRAULIC FRACTURING MARKET IN LATIN AMERICA, BY COUNTRY,
2019–2026 (USD MILLION) 123
9.4.5.1 Argentina 123
9.4.5.1.1 Shale developments in Vaca Meurta field to create high demand for hydraulic fracturing services in Argentina 123
9.4.5.1.2 Macro trends 124
TABLE 80 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN
ARGENTINA (TCF) 124
TABLE 81 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ARGENTINA (BILLION BBL) 124
TABLE 82 CRUDE OIL PRODUCTION IN ARGENTINA (THOUSAND BARRELS DAILY) 125
9.4.5.1.3 By well type 125
TABLE 83 HYDRAULIC FRACTURING MARKET IN ARGENTINA, BY WELL TYPE,
2019–2026 (USD MILLION) 125
9.4.5.1.4 By technology 125
TABLE 84 HYDRAULIC FRACTURING MARKET IN ARGENTINA, BY TECHNOLOGY,
2019–2026 (USD MILLION) 125
?
9.4.5.2 Mexico 126
9.4.5.2.1 Increasing investments by major companies in maximizing production through shale developments to boost market growth 126
9.4.5.2.2 Macro trends 126
TABLE 85 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN MEXICO (TCF) 126
TABLE 86 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
MEXICO (BILLION BBL) 127
TABLE 87 CRUDE OIL PRODUCTION IN MEXICO (THOUSAND BARRELS DAILY) 127
9.4.5.2.3 By well type 127
TABLE 88 HYDRAULIC FRACTURING MARKET IN MEXICO, BY WELL TYPE,
2019–2026 (USD MILLION) 127
9.4.5.2.4 By technology 128
TABLE 89 HYDRAULIC FRACTURING MARKET IN MEXICO, BY TECHNOLOGY,
2019–2026 (USD MILLION) 128
9.4.5.3 Rest of Latin America 128
9.4.5.3.1 Macro trends 128
TABLE 90 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN
COLOMBIA (TCF) 128
TABLE 91 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN CHILE (TCF) 128
TABLE 92 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN COLOMBIA (BILLION BBL) 129
TABLE 93 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
CHILE (BILLION BBL) 129
TABLE 94 CRUDE OIL PRODUCTION IN REST OF LATIN AMERICA
(THOUSAND BARRELS DAILY) 129
9.4.5.3.2 By well type 129
TABLE 95 HYDRAULIC FRACTURING MARKET IN REST OF LATIN AMERICA,
BY WELL TYPE, 2019–2026 (USD MILLION) 129
9.4.5.3.3 By technology 130
TABLE 96 HYDRAULIC FRACTURING MARKET IN REST OF LATIN AMERICA,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 130
9.5 EUROPE 130
9.5.1 MACRO TRENDS 131
9.5.1.1 Shale gas reserves 131
TABLE 97 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN EUROPE,
BY COUNTRY (TCF) 131
9.5.1.2 Shale/ tight oil reserves 131
TABLE 98 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
EUROPE, BY COUNTRY (BILLION BBL) 131
9.5.1.3 Crude oil production 132
TABLE 99 CRUDE OIL PRODUCTION IN EUROPE,
BY COUNTRY (THOUSAND BARRELS DAILY) 132
9.5.2 BY APPLICATION 132
TABLE 100 HYDRAULIC FRACTURING MARKET IN EUROPE, BY APPLICATION,
2019–2026 (USD MILLION) 132
9.5.3 BY WELL TYPE 132
TABLE 101 HYDRAULIC FRACTURING MARKET IN EUROPE, BY WELL TYPE,
2019–2026 (USD MILLION) 132
9.5.3.1 Well Type, By Country 133
TABLE 102 HORIZONTAL HYDRAULIC FRACTURING MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION) 133
TABLE 103 VERTICAL HYDRAULIC FRACTURING MARKET IN EUROPE, BY COUNTRY, 2019–2026 (USD MILLION) 133
9.5.4 BY TECHNOLOGY 133
TABLE 104 HYDRAULIC FRACTURING MARKET IN EUROPE, BY TECHNOLOGY,
2019–2026 (USD MILLION) 133
9.5.4.1 Technology, by country 134
TABLE 105 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN EUROPE,
BY COUNTRY, 2019–2026 (USD MILLION) 134
TABLE 106 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN EUROPE,
BY COUNTRY, 2019–2026 (USD MILLION) 134
9.5.5 BY COUNTRY 134
TABLE 107 HYDRAULIC FRACTURING MARKET IN EUROPE, BY COUNTRY,
2019–2026 (USD MILLION) 134
9.5.5.1 Russia 135
9.5.5.1.1 Depletion of conventional resources to create potential demand for hydraulic fracturing services in Russia 135
9.5.5.1.2 Macro trends 135
TABLE 108 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN RUSSIA (TCF) 135
TABLE 109 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
RUSSIA (BILLION BBL) 136
TABLE 110 CRUDE OIL PRODUCTION IN RUSSIA (THOUSAND BARRELS DAILY) 136
9.5.5.1.3 By well type 136
TABLE 111 HYDRAULIC FRACTURING MARKET IN RUSSIA, BY WELL TYPE,
2019–2026 (USD MILLION) 136
9.5.5.1.4 By technology 136
TABLE 112 HYDRAULIC FRACTURING MARKET IN RUSSIA, BY TECHNOLOGY,
2019–2026 (USD MILLION) 136
9.5.5.2 Ukraine 137
9.5.5.2.1 Presence of untapped unconventional reserves to boost market growth 137
9.5.5.2.2 Macro Trends 137
TABLE 113 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UKRAINE (TCF) 137
TABLE 114 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN UKRAINE (BILLION BBL) 138
9.5.5.2.3 By Well Type 138
TABLE 115 HYDRAULIC FRACTURING MARKET IN UKRAINE, BY WELL TYPE,
2019–2026 (USD MILLION) 138
9.5.5.2.4 By Technology 138
TABLE 116 HYDRAULIC FRACTURING MARKET IN UKRAINE, BY TECHNOLOGY,
2019–2026 (USD MILLION) 138
9.5.5.3 Rest of Europe 138
9.5.5.3.1 Macro trends 139
TABLE 117 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN POLAND (TCF) 139
TABLE 118 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ROMANIA (TCF) 139
TABLE 119 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN SWEDEN (TCF) 139
TABLE 120 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN UK (TCF) 139
TABLE 121 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
POLAND (BILLION BBL) 140
TABLE 122 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ROMANIA (BILLION BBL) 140
TABLE 123 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
UK (BILLION BBL) 140
TABLE 124 CRUDE OIL PRODUCTION IN REST OF EUROPE (THOUSAND BARRELS DAILY) 140
9.5.5.3.2 By well type 141
TABLE 125 HYDRAULIC FRACTURING MARKET IN REST OF EUROPE, BY WELL TYPE, 2019–2026 (USD MILLION) 141
9.5.5.3.3 By technology 141
TABLE 126 HYDRAULIC FRACTURING MARKET IN REST OF EUROPE, BY TECHNOLOGY, 2019–2026 (USD MILLION) 141
9.6 MIDDLE EAST & AFRICA 142
9.6.1 MACRO TRENDS 143
9.6.1.1 Shale gas reserves 143
TABLE 127 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN
MIDDLE EAST & AFRICA, BY COUNTRY (TCF) 143
9.6.1.2 Shale/ tight oil reserves 143
TABLE 128 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN MIDDLE EAST & AFRICA, BY COUNTRY (BILLION BBL) 143
9.6.1.3 Crude oil production 144
TABLE 129 CRUDE OIL PRODUCTION IN MIDDLE EAST & AFRICA, BY COUNTRY (THOUSAND BARRELS DAILY) 144
9.6.2 BY APPLICATION 144
TABLE 130 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA,
BY APPLICATION, 2019–2026 (USD MILLION) 144
9.6.3 BY WELL TYPE 144
TABLE 131 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY WELL TYPE, 2019–2026 (USD MILLION) 144
9.6.3.1 Well type, by country 145
TABLE 132 HORIZONTAL HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION) 145
TABLE 133 VERTICAL HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA,
BY COUNTRY, 2019–2026 (USD MILLION) 145
9.6.4 BY TECHNOLOGY 145
TABLE 134 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 145
9.6.4.1 Technology, by country 146
TABLE 135 HYDRAULIC FRACTURING MARKET FOR PLUG & PERF IN
MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION) 146
TABLE 136 HYDRAULIC FRACTURING MARKET FOR SLIDING SLEEVE IN
MIDDLE EAST & AFRICA, BY COUNTRY, 2019–2026 (USD MILLION) 146
9.6.5 BY COUNTRY 146
TABLE 137 HYDRAULIC FRACTURING MARKET IN MIDDLE EAST & AFRICA,
BY COUNTRY, 2019–2026 (USD MILLION) 146
9.6.5.1 Algeria 147
9.6.5.1.1 Initiatives to increase exploration activities to support growth of hydraulic fracturing market in Algeria 147
9.6.5.1.2 Macro trends 147
TABLE 138 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN ALGERIA (TCF) 147
TABLE 139 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN ALGERIA (BILLION BBL) 148
TABLE 140 CRUDE OIL PRODUCTION IN ALGERIA (THOUSAND BARRELS DAILY) 148
9.6.5.1.3 By well type 148
TABLE 141 HYDRAULIC FRACTURING MARKET IN ALGERIA, BY WELL TYPE,
2019–2026 (USD MILLION) 148
9.6.5.1.4 By technology 149
TABLE 142 HYDRAULIC FRACTURING MARKET IN ALGERIA, BY TECHNOLOGY,
2019–2026 (USD MILLION) 149
9.6.5.2 Jordan 149
9.6.5.2.1 Increasing investments in Risha gas field to boost market growth 149
9.6.5.2.2 Macro trends 149
TABLE 143 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN JORDAN (TCF) 149
TABLE 144 TOTAL TECHNICALLY RECOVERABLE SHALE/TIGHT OIL RESERVES IN
JORDAN (BILLION BBL) 150
9.6.5.2.3 By well type 150
TABLE 145 HYDRAULIC FRACTURING MARKET IN JORDAN, BY WELL TYPE,
2019–2026 (USD MILLION) 150
9.6.5.2.4 By technology 150
TABLE 146 HYDRAULIC FRACTURING MARKET IN JORDAN, BY TECHNOLOGY,
2019–2026 (USD MILLION) 150
9.6.5.3 Saudi Arabia 150
9.6.5.3.1 Increasing initiatives for exploration and production from shale gas reserves to fuel market growth 150
9.6.5.3.2 Macro trends 151
TABLE 147 CRUDE OIL PRODUCTION IN SAUDI ARABIA (THOUSAND BARRELS DAILY) 151
9.6.5.3.3 By well type 151
TABLE 148 HYDRAULIC FRACTURING MARKET IN SAUDI ARABIA, BY WELL TYPE,
2019–2026 (USD MILLION) 151
9.6.5.3.4 By technology 152
TABLE 149 HYDRAULIC FRACTURING MARKET IN SAUDI ARABIA, BY TECHNOLOGY, 2019–2026 (USD MILLION) 152
9.6.5.4 South Africa 152
9.6.5.4.1 Presence of large shale gas reserves in Karoo basin to drive market growth 152
9.6.5.4.2 Macro trends 152
TABLE 150 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES
IN SOUTH AFRICA (TCF) 152
9.6.5.4.3 By well type 153
TABLE 151 HYDRAULIC FRACTURING MARKET IN SOUTH AFRICA, BY WELL TYPE,
2019–2026 (USD MILLION) 153
9.6.5.4.4 By technology 153
TABLE 152 HYDRAULIC FRACTURING MARKET IN SOUTH AFRICA, BY TECHNOLOGY, 2019–2026 (USD MILLION) 153
9.6.5.5 Rest of Middle East & Africa 153
9.6.5.5.1 Macro trends 154
TABLE 153 TOTAL TECHNICALLY RECOVERABLE SHALE GAS RESERVES IN LIBYA (TCF) 154
TABLE 154 TOTAL TECHNI