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Abundant growth opportunities for World Oilfield Services Market



According to a recent report from Research and Markets, reduction in petroleum production from Asian countries such as Indonesia and Thailand will also foster the growth of the market.
While, overall, reduction in drilling activities related to exploration along with falling crude oil prices are the key restraining factors that hampers the growth of the market; recent oil & gas exploration in Arctic region along with increasing mergers & acquisitions coupled with re-fracking of mature oil & gas wells are the factors that is expected to offer abundant growth opportunities to this market.
Key vendors indentified are :
  • Schlumberger Limited
  • Halliburton Company
  • Baker Hughes Incorporate
  • National Oilwell Varco, Inc.
  • Weatherford Internat
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