The Report “Europe Drilling Services Market by Service Types (Contract Drilling, Directional Drilling, LWD and Drilling Waste Management), Applications (Onshore & Offshore) & by Countries - Trends & Forecasts To 2019”, is estimated to reach $35,375.1 million by 2019, growing at a CAGR of 5.5% from 2014 to 2019.
Browse through the TOC of the Europe Drilling Services Market for an analysis of industry trends and segments, with the help of various tables and figures.
Early buyers will receive 10% customization on this report
Drilling services is one of the important segments in the oil field services. Increasing exploration and production activities across the region is driving the market growth.
There is pressure on field operators to increase the production of oil due to the rising energy demands. As existing oil and gas reserves are depleting, the need for directional drilling services is increasing. On account of heavy demand for oil, and continuous reduction in replacement of depleting hydrocarbon reservoirs, the offshore drilling services market will experience tremendous growth in the coming years.
Also, capital spending by exploration and production companies is rising and is expected to grow over the coming years. This would also propel the growth of this market.
On the basis of services, the market includes contract drilling, directional drilling, drilling waste management and logging while drilling services. Based on application, the market includes onshore and offshore. The onshore segment accounted for the largest share of 53% in 2014.
The market has been analyzed in terms of the major countries in the European market, such as Norway, the U.K., and Russia. The market in Russia accounted for the largest share of 59.7% in 2014 in the European drilling services market followed by the U.K. with a share of 18.4%.
Key players operating in this market are Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Halliburton Co. (U.S.).
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Contact:
Mr. Priyank Tiwari
UNIT no 802, Tower No. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-502-0539
Email: sales@micromarketmonitor.com
