The Russian oilfield services market
is growing fast, and this growth is fueled by both technology innovation and
structural changes in the petroleum industry.
Since the last issue of this report,
Russian companies have rapidly increased the scope of applications involving
advanced well stimulation and enhanced oil recovery techniques. The beginning
of 2013 saw the closing of a mega deal as Rosneft acquired TNK-BP, which made
Rosneft the world’s largest petroleum company.
These developments have already
affected the makeup and financial performance of the oil services market, and
this impact is likely to be felt over the next two to three years. For these
reasons RPI has turned its focus back on studying the oilfield services
market.
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RPI has published studies on the
Russian Oilfield Services Market since 2005. The company has been closely
following the changing oilfield services market in order to be able to give the
readers conclusive results of exhaustive analyses relying on the knowledge base
and expertise accumulated.
This version of the report covers
activities of a broad range of oil and gas companies. The drilling market
analysis section has been updated with details on horizontal drilling
techniques and outlook for their application over the next few years. The
report showcases several oilfield service market segments, such as cementing
and well completion, and MWD/LWD (measuring while drilling/logging while
drilling) services. The report offers market size valuations for all of the
oilfield services segments it reviewed.
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The main sections of the study cover
the following:
- Drilling market, production and well stock analysis;
- Profiles of the major production and drilling projects implemented by the companies;
- Evaluation of the key oilfield services market segments in commodity and financial terms;
- Projections for the development of oilfield services market and its segments from 2013 through 2022.
The study offers a broader range and
greater depth of insight compared to other market studies and would
considerably reduce time and expense in acquiring and analyzing market
data.
The proposed projections rely on
thorough analysis of the current market risks as linked to the relevant
oilfield services market segments, which would enable the oilfield services
companies to tailor the study to the needs of their various divisions.
The study might be of interest also
to the oil companies as it gives them a better chance to be impartial in
analyzing their own operations and get a better idea of the oilfield services
market.
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