Oilfield tools are used for the exploration and production of oil from oil wells. These tools are used by major E&P operators for upstream activities such as drilling, well completion and production, well intervention, pressure pumping, and so on. The oilfield tools include down-hole tools, coiled tubing tools, pressure & flow control tools, thru-tubing tools, and wireline tools to provide oilfield services such as wireline services, coiled tubing services, pressure pumping services, and so on.
The increasing demand for oil and gas, along with an increase in investments made by foreign players in the onshore and offshore activities drive the South American oilfield tools market. This market is expected to grow approximately at a CAGR of 13% from 2014 to 2019.
South America is one of the fastest-growing oilfield tools markets. The high growth in the region is due to an increase in the number of investments and growing activities in the region. Brazil and Venezuela are experiencing a continuous increase in the number of drilling of wells.
Brazil dominates the oilfield tools market in South America and holds a major share among other countries.
The market is segmented and forecast based on type, application, and geography. On the basis of type, the market is segmented into drilling tools, production tools, well completion tools, well intervention tools, and others. The market is further segmented based on major countries such as Brazil, Venezuela, Argentina, Colombia, and others.
The market share analysis, by revenue, of the top companies has also been included in the report. The market share analysis of these key players are arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, directors, and marketing executives.
In order to present an in-depth understanding of the competitive landscape, the report on oilfield tools consists of company profiles of key market players. This report also includes the market share and value chain analyses, along with market metrics such as drivers and restraints.
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