The Key Players in Global Oilfield Equipment Market 2015-2019, According to a New Study on ASDReports

Friday 2 October 2015, Amsterdam

Market Research Report Press Release The report, now available on ASDReports, recognizes the following companies as the key players in the Global Oilfield Equipment Market: Aker Solution, FMC Technologies, Halliburton, National Oilwell Varco, Schlumberger and Weatherford International

Other Prominent Vendors in the market are: Amik, Cameron International, Eniprom and Russel Oil Equipment

Commenting on the report, an analyst said: “The global oilfield equipment market is seeing a number of M&A. Market conditions are extremely favorable for larger oil firms to acquire smaller companies. Large players such as Haliburton, Schlumberger, Cameron International, and National Oilwell Varco have acquired smaller companies to expand their market footprint. The increasing number of M&A should have a positive impact on market growth.”

According to the report, the production from conventional oil and gas reserves is declining, in response to which explorers are shifting their focus to tougher and complex hydrocarbon reserves such as oil sands, heavy crudes, shale oil, and bitumen, among others. As these resources cannot be easily recovered through conventional drilling methods, IOR is implemented relatively early in these reservoirs.

Further, the report states that the high capital costs of oilfield equipment may negatively affect the market, especially in low-oil-price scenarios.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Global Oilfield Equipment Market 2015-2019

Global Oilfield Equipment Market 2015-2019

Publish date : September 2015
Report code : ASDR-220880
Pages : 65

ASDReports.com Media contact: S. Koopman - Marketing and Communications

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P : +31(0)20 486 1286 - F : +31(0)20 486 0216 - E : stefan.koopman@asdreports.com

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