Wednesday 11 February 2015, Amsterdam
The new report recognizes the following companies as the key players in Global Oilfield Equipment Rental Market: Chesapeake Oilfield Services Llc , Halliburton Co., Precision Drilling Corp., Schlumberger Ltd., Superior Energy Services Inc., Weatherford International Ltd., Aos Orwell Ltd., Basic Energy Services Inc., EnsignEnergy Services Inc., Fmc Technologies Inc., Greene’s Energy Group, Independent Oil Tools AS, Key Energy Services , Knight Oil Tool Inc., Oil States International Inc., Parker Drilling Co., RPC, Inc. , SavannaEnergy Services Corp., Tasman Oil Tools Pty Ltd, Western Energy Services Corp.
Commenting on the report, an analyst from the reports team said: “The decreased investment in in-house production units by major integrated oil and gas vendors is one such trend. The market players are decreasing their in-house investment as they can rent out the oilfield equipment with desired customization, which reduces the capital costs for any project.”
According to the report, the increased oil and gas drilling activities across the globe is one of the main drivers in the market. The drilling activities have increased the demand for rental oilfield equipment, which is expected to propel the growth of the market during the forecast period. Increased
Further, the report states that the variation in demand from end-users is one of the major challenges faced by the market. The demand varies from one oilfield to another; this variation can be in terms of size and shape of equipment.
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.