The Report “Africa Oilfield Services Market by Type (Coiled Tubing Services, Well Completion, Drilling Fluids, Drilling Services, Oil Country Tubular Goods, Wireline services, Others), by Application (Onshore, Offshore), by Country - Analysis and Forecast to 2019”, is estimated to reach $36,523.6 million by 2019, growing at a CAGR of 4.5% from 2014 to 2019.
Browse through the TOC of the Africa Oilfield Services Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The growth of the African oilfield services market is attributed to the exploration activities for shale gas & unconventional resources. Technological developments have enabled exploration activities to be carried out for sources other than oil, such as shale gas, coal bed methane, and other unconventional resources. These activities require sophisticated technologies, for example multistage hydraulic fracturing of horizontal wells. To perform such fracturing techniques, accurate real-time information about reservoir temperature, pressure, and topology is required.
The exploration activities are expected to produce around 6 Mbbl/d by 2020 from these resources, which will have a positive impact on the growth of oilfield services market. Drilling services segment is expected to command the largest share in the Africa oilfield services market and is expected to reach a value of $22,169.5 million by 2019, growing at a CAGR of 4.2% from 2014 to 2019.
The main types of oilfield services offered by the companies in the African market are coiled tubing services, well completion, drilling fluids, drilling services, OCTG, pressure pumping services, well intervention, oilfield equipment rental, and wireline services.
The report covers the oilfield market in major countries in the African region, including Algeria, Angola, Egypt, and Nigeria. Exploration & production companies are the main end-user of the wireline services market.
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