Middle East Oilfield Equipment Rental Market By Type (Drilling Equipment, Pressure & Flow Control Equipment, Fishing Equipment and Other Equipment), by Application (Onshore And Offshore) by Country Analysis and Forecast to 2019

The purpose of this report is to define, describe, and forecast the Middle East oilfield equipment rental market. The report includes a deep dive analysis of the market segments, which are based on the types of equipment of Middle East Oilfield Equipment Rental market. The report also provides insights into the competitive landscape of the market through a strategic analysis of the key market players. The Middle East Oilfield Equipment Rental market, in terms of the type of equipment, has been segmented into drilling equipment (drill pipe, drill Collars, hevi-wate, subs, other drilling equipment), pressure & flow control equipment (BOP, valves & manifolds, other P&FC rental Equipment), fishing equipment, and other rental oilfield equipment.

The Middle East oilfield equipment rental market constitutes 6% of the global oilfield equipment rental market, and is expected to grow at a CAGR of 4.1% from 2014 to 2019. Iraq is the fastest growing market within the Middle East Oilfield Equipment Rental market. The Oilfield Equipment Rental market in Iraq was valued at $509 million in 2014. It is expected to grow at a CAGR of 5.1% to reach $652 million in 2019.

The increased drilling activity is considered as a key driver influencing the growth of Middle East oilfield equipment rental market. The drilling activities have increased considerably over the recent years. In 2012, the oil extracted was about 88.8 million barrels per day, about 2 million more than in 2010. Still, the demand for oil exceeded its supply. The power consumption has also increased substantially across the world, which has led to increase in drilling activities in Middle East and Africa.

The report also provides segment and country-specific market shares, news & deals, M&A’s, contracts and agreements, new product launches, and business expansion activities. The key players operating in the Middle East market are Weatherford International Ltd. (Ireland), Oil States International (U.S.), Superior Energy Services Inc. (U.S.), and Schlumberger (U.S.).

Table of Contents

1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders

2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Middle-East Oilfield Equipment Rental Market
    2.2 Arriving at the Oilfeild Equipment Rental Market, Middle East: Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macro Indicator-Based Approach
    2.3 Assumptions

3 Executive Summary (Page No. - 20)

4 Market Overview (Page No. - 21)
    4.1 Introduction
    4.2 Middle-East Oilfield Equipments Rental Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics
    4.5 Demand Side Analysis

5 Middle East Oilfield Equipment Rental Market,  By Application (Page No. - 29)
    5.1 Introduction
    5.2 Middle East Onshore Oilfield Equipments Rental Market, By Country
    5.3 Middle East Offshore Oilfield Equipments Rental Market, By Country

6 Middle East Oilfield Equipment Rental Market, By Type (Page No. - 34)
    6.1 Introduction
    6.2 Middle-East Oilfield Equipments Rental Market, Type Comparison With Parent Market
    6.3 Middle East Driiling Equipment Market, By Country
    6.4 Middle East Pressure and Flow Control Equipment Market,  By Country
    6.5 Middle East Fishing Equipment Market, By Country

7 Middle East Oilfield Equipment Rental Market, By Country (Page No. - 42)
    7.1 Introduction
    7.2 Iraq Oilfield Equipment Rental Market
           7.2.1 Iraq Oilfield Equipment Rental Market, By Application
           7.2.2 Iraq Oilfield Equipment Rental Market, By Type
    7.3 Saudi Arabia Oilfield Equipment Rental Market
           7.3.1 Saudi Arabia Oilfield Equipment Rental Market, By Application
           7.3.2 Saudi Arabia Oilfield Equipment Rental Market, By Type
    7.4 Iran Oilfield Equipment Rental Market
           7.4.1 Iran Oilfield Equipment Rental Market, By Application
           7.4.2 Iran Oilfield Equipment Rental Market, By Type

8 Middle East Oilfield Equipment Rental Market: Competitive Landscape (Page No. - 56)
    8.1 Middle-East Oilfield Equipments Rental Market:  Company Share Analysis
    8.2 Company Presence in Oilfield Equipment Rental Market, By Type
    8.3 Joint Ventures
    8.4 Mergers & Acquisitions
    8.5 New Products/Services Launches
    8.6 New Contracts and Agreements
    8.7 Other Developements

9 Middle East Oilfield Equipment Rental Market: By Company (Page No. - 61)
    9.1 Weatherford International Plc
    9.2 Superior Energy Services, Inc.
    9.3 Oil States International, Inc.
    9.4 FMC Technologies, Inc.
    9.5 Key Energy Services, Inc.
    9.6 Schlumberger Ltd.

10 Appendix (Page No. - 81)
     10.1 Customization Options
           10.1.1 Products and Services Benchmarking Analysis
           10.1.2 Regulatory Framework
           10.1.3 Impact Analysis
           10.1.4 Current Industry Challenges
           10.1.5 Historical Data and Trends
           10.1.6 Oilfield Equipment Rental in Depth Value Chain Analysis
     10.2 Related Reports
     10.3 Introducing RT: Real-Time Market Intelligence
           10.3.1 RT Snapshots

List of Tables (55 Tables)

Table 1 Global Oilfield Equipment Rental, Peer Market Size, 2013 (USD MN)
Table 2 Middle-East Oilfield Equipments Rental Application Market, 2013 (USD MN)
Table 3 Middle-East Oilfield Equipments Rental Market: Macro Indicator,By Country, 2013
Table 4 Middle-East Oilfield Equipments Rental Market: Comparison With Parent Market, 2013 – 2019 (USD MN)
Table 5 Middle-East Oilfield Equipments Rental Market: Drivers and Inhibitors
Table 6 Middle-East Oilfield Equipments Rental Market, By Application,2013 - 2019 (USD MN)
Table 7 Middle-East Oilfield Equipments Rental Market, By Type,  2013 - 2019 (USD MN)
Table 8 Middle-East Oilfield Equipments Rental Market, By Country,2013 - 2019 (USD MN)
Table 9 Middle-East Oilfield Equipments Rental Market: Comparison With Parent Markets, 2013- 2019 (USD MN)
Table 10 Middle-East Oilfield Equipments Rental Market, By Application,2013 - 2019 (USD MN)
Table 11 Middle East Onshore Oilfield Equipments Rental Market, By Country,2013 - 2019 (USD MN)
Table 12 Middle East Offshore Oilfield Equipments Rental Market, By Country,2013 - 2019 (USD MN)
Table 13 Middle-East Oilfield Equipments Rental Market, By Type,  2013 - 2019 (USD MN)
Table 14 Middle East Drilling Equipment Market, By Type,  2013 - 2019 (USD MN)
Table 15 Middle East Pressure & Flow Control Equipment Market, By Type,2013 - 2019 (USD MN)
Table 16 Middle East Oilfield Equipments Rental Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Table 17 Middle East Drilling Equipment Market, By Country 2013–2019 (USD MN)
Table 18 Middle East Pressure and Flow Control Equipment Market, By Country, 2013 - 2019 (USD MN)
Table 19 Middle East Fishing Equipment Market, By Country, 2013 - 2019 (USD MN)
Table 20 Middle East Oilfield Equipment Rental Market, By Country,2013 - 2019 (USD MN)
Table 21 Iraq Oilfield Equipment Rental Market, By Application,  2013-2019 (USD MN)
Table 22 Iraq Oilfield Equipment Rental Market, By Type, 2013 - 2019 (USD MN)
Table 23 Saudi Arabia Oilfield Equipment Rental Market, By Application 2013 - 2019 (USD MN)
Table 24 Saudi Arabia Oilfield Equipment Rental Market, By Type,2013 - 2019 (USD MN)
Table 25 Iran Oilfield Equipment Rental Market, By Application,2013 - 2019 (USD MN)
Table 26 Iran Oilfield Equipment Rental Market, By Type, 2013 - 2019 (USD MN)
Table 27 Middle-East Oilfeild Equipments Rental Market: Company Share Analysis, 2013 (%)
Table 28 Middle-East Oilfield Equipments Rental Market: Joint Ventures
Table 29 Middle-East Oilfield Equipments Rental Market: Mergers & Acquisitions
Table 30 Middle-East Oilfeild Equipments Rentalmarket: New Products/Services Launches
Table 31 Middle-East Oilfield Equipments Rental : New Contracts and Agreements
Table 32 Middle-East Oilfield Equipments Rental: Other Developments
Table 33 Weatherford International Plc: Key Financials, 2009 - 2013 (USD MN)
Table 34 Weatherford International Plc: Revenue By Geographic Segment,2009-2013 (USD MN)
Table 35 Weatherford International Plc: Product and Service Offerings
Table 36 Weatherford International Plc: Related Developments
Table 37 Superior Energy Services, Inc : Key Financials, 2009 - 2013 (USD MN)
Table 38 Superior Energy Services, Inc : Revenue By Geographic Segment,2009-2013 (USD MN)
Table 39 Superior Energy Services, Inc. : Product and Service Offerings
Table 40 Superior Energy Services, Inc. : Related Developements
Table 41 Oil State International, Inc.: Key Financials 2009 - 2013 (USD MN)
Table 42 Oil State International, Inc: Revenue By Geographic Segment,2009-2013 (USD MN)
Table 43 Oil State International, Inc : Product and Service Offerings
Table 44 Oil State International, Inc.: Related Developements
Table 45 FMC Technologies, Inc. : Key Financials, 2009 - 2013 (USD MN)
Table 46 FMC Technologies, Inc. : Revenue By Geogrphic Segment, 2009-2013 (USD MN)
Table 47 FMC Technologies, Inc.: Product and Service Offerings
Table 48 FMC Technologies, Inc.: Related Developements
Table 49 Key Energy Services, Inc. : Key Financials, 2009 - 2013 (USD MN)
Table 50 Key Energy Services, Inc.: Product and Service Offerings
Table 51 Key Energy Services, Inc.: Related Developments
Table 52 Sclumberger Ltd: Key Financials, 2009 - 2013 (USD MN)
Table 53 Schlumberger Ltd.: Revenye By Business Segment, 2009 - 2013 (USD MN)
Table 54 Schlumberger Ltd. : Product and Service Offerings
Table 55 Schlumberger Ltd.: Related Developments

List of Figures (46 Figures)

Figure 1 Middle East Oilfield Equipment Market: Segmentation & Coverage
Figure 2 Middle East Oilfield Equipments Rental Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macroindicator-Based Approach
Figure 8 Middle-East Oilfield Equipments Rental Market Snapshot
Figure 9 Oilfield Equipment Renrtal Market: Growth Aspects
Figure 10 Middle-East Oilfield Equipments Rental Market: Comparison With Parent Market
Figure 11 Middle-East Oilfield Equipments Rental Market, By Application,2014-2019 (USD MN)
Figure 12 Middle-East Oilfield Equipments Rental Market, By Country,  2013 (USD MN)
Figure 13 Middle-East Oilfield Equipments Rental: Application Market Scenario
Figure 14 Middle-East Oilfield Equipments Rental Market, By Application,2014 - 2019 (USD MN)
Figure 15 Middle East Onshore Oilfield Equipment Rental Market, By Country,2013 - 2019 (USD MN)
Figure 16 Middle East Offshore Oilfield Equipment Rental Market, By Country,2013 - 2019 (USD MN)
Figure 17 Middle-East Oilfield Equipment Rental Market, By Type, 2013 - 2019 (USD MN)
Figure 18 Middle East Drilling Equipment Market, By Type, 2013 - 2019 (USD MN)
Figure 19 Middle East Pressure & Flow Control Equipment Market, By Type,2013 - 2019 (USD MN)
Figure 20 Middle-East Oilfield Equipments Rental Market: Type Comparison With Parent Market, 2013–2019 (USD MN)
Figure 21 Middle East Drilling Equipment Market, By Country, 2013–2019 (USD MN)
Figure 22 Middle East Pressure and Flow Control Equipment Market,  By Country, 2013 - 2019 (USD MN)
Figure 23 Middle East Fishing Equipment Market, By Country, 2013 - 2019 (USD MN)
Figure 24 Middle-East Oilfield Equipments Rental Market: Growth Analysis, By Country, 2014-2019 (USD MN)
Figure 25 Iraq Oilfield Equipment Rental Market Overview, 2014 & 2019 (%)
Figure 26 Iraq Oilfield Equipment Rental Market, By Application, 2013-2019 (USD MN)
Figure 27 Iraq Oilfield Equipment Rental Market: Application Snapshot
Figure 28 Iraq Oilfield Equipment Rental Market, By Type, 2013 - 2019 (USD MN)
Figure 29 Iraq Oilfield Equipment Rental Market Share, By Type, 2014-2019 (%)
Figure 30 Saudi Arabia Oilfield Equipment Rental Market Overview, 2014 & 2019 (%)
Figure 31 Saudi Arabia Oilfield Equipment Rental Market, By Application,2013-2019 (USD MN)
Figure 32 Saudi Arabia Oilfield Equipment Rental Market: Application Snapshot
Figure 33 Saudi Arabia Oilfield Equipment Rental Market, By Type,2013 – 2019 (USD MN)
Figure 34 Saudi Arabia Oilfield Equipment Rental Market Share, By Type, 2014-2019 (%)
Figure 35 Iran Oilfield Equipment Rental Market Overview, 2014 & 2019 (%)
Figure 36 Iran Oilfield Equipment Rental Market, By Application, 2013 - 2019 (USD MN)
Figure 37 Iran Oilfield Equipment Rental Market: Application Snapshot
Figure 38 Iran Oilfield Equipment Rental Market, By Type, 2013 - 2019 (USD MN)
Figure 39 Iran Oilfield Equipment Rental Market Share, By Type, 2014-2019(%)
Figure 40 Middle East Oilfield Equipment Rental: Company Share Analysis, 2013 (%)
Figure 41 Middle East Oilfield Equipment Rental: Company Product Coverage, By Type, 2013
Figure 42 Weatherford International Plc: Revenue Mix, 2013 (%)
Figure 43 Superior Energy Services, Inc. Revenue Mix, 2013 (%)
Figure 44 Oil States International, Inc., Revenue Mix, 2013 (%)
Figure 45 FMC Technologies, Inc. Revenue Mix, 2013 (%)
Figure 46 Schlumberger Ltd.: Revenue Mix, 2013 (%)

The oilfield equipment rental market includes drilling equipment, flow & pressure control equipment, fishing equipment, and other equipment, which include frac tanks, mud systems & mud tanks, and hoses & filters. The oilfield equipment is required by the oilfield operators to extract oil & gas from reservoirs. Increase in the number of drilling activities worldwide, due to rising demand of energy, is the key driving force for growth of the oilfield equipment market. The growing unconventional hydrocarbon market, new exploration activities, and ultra-deep offshore drilling are key factors driving the growth of the market.

In 2014, the Middle East region held a 6% share of the global oilfield equipment rental market. In 2009, Iraq was the world’s 12^th largest oil producer, and had the fourth-largest proven petroleum reserves. Only a section of Iraq’s known oilfields are in the development phase, and Iraq is one of the few places where vast reserves, proven and unknown, have barely been exploited. In addition, Iraq’s energy sector heavily depends on oil, with approximately 94% needs met with petroleum. Crude oil export revenues accounted for over two-thirds of GDP in 2009.

The Middle East has the highest reserves of hydrocarbons in the world; therefore it is the primary exporter to all the regions in the global oil & gas market. This region has nearly 56.0% of the world’s proved reserves. It is characterized with high amount of conventional reserves that are yet to reach its peak production.

Saudi Arabia is the largest producer of crude oil in the world and holds 23% of the globe’s proved crude oil reserves. The state owned company, Saudi Aramco, controls the overall oil & gas sector in the country along with Saudi Arabia’s Ministry of Petroleum and Mineral Resources. The government maintains positive approach in enhancing its reserves, as around 80% of the country’s revenue comes from exporting oil & gas.

This report estimates the Middle East oilfield equipment rental market in terms of drilling equipment type, pressure & flow control equipment type, fishing equipment and other oilfield rental equipment, and geography. The Middle East oilfield equipment rental market was valued at $1,618 million in 2014, and is expected to reach $1,978 million in 2019. Iraq held the largest market share of 31.4% of the Middle East oilfield equipment rental market in 2014. Iraq is followed by Saudi Arabia and Iran with 24.1% and 11.4% market shares respectively.

An in-depth market share analysis, by revenue, of the top companies is included in the report. These numbers are arrived at, on the basis of key facts, information from annual reports, and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Top market players that have established their base in the Middle East oilfield equipment rental market are Weatherford International Ltd. (Ireland), Oil States International (U.S.), Superior Energy Services Inc. (U.S.), and Schlumberger (U.S.).