Cart
0
Get 20% Free Customization In This Report
By this report from - $3321

Oilfield Auxiliary Rental Equipment Market in Gulf Countries - Opportunities and Forecasts, 2015-2019

EN 0623
Pages: 56
Feb 2015 | 1816 Views
face gplus_n
Author's : Swapnil Shende
Tables: 3
Charts: 24
twit_n pr_n

Global Oilfield Auxiliary Rental Equipment Market is expected to garner $35 Billion by 2020, registering a CAGR of 9.4% during the forecast period 2014-2020.

Oilfield auxiliary equipment are machines and instruments that are used to supplement the drilling process at oilfields. The equipment used less frequently on the oilfield are availed on rent by various oil extraction companies. The auxiliary equipment consist of sewage systems, mud labs, lighting system, distribution panels, storage tanks, debris junk catchers, transportation system, heat exchangers, flaring systems, drilling instruments and others. The major factors driving the oilfield auxiliary rental equipment market include the rising demand for energy sources, impending need for cost optimization and increasing deep offshore oil production activities. However, some of the restraints associated with the market are the advent of automated systems and lack of skilled workforce. The impact of automated systems is expected to affect the auxiliary rental equipment market in near future.

The report analyzes the market in the GCC region. In order to study the regional imperatives, the research is focused on countries such as Saudi Arabia, U.A.E., Oman, Qatar, Kuwait, etc. Weatherford, Schlumberger, The Olayan Group, Key Energy Services and others are some of the key players in the GCC region.  Merger/acquisition and expansions are the prime strategies followed by numerous companies to gain a competitive edge in the market.

Oilfield Auxiliary Rental Equipment Market Growth in Gulf Countries

KEY BENEFITS 

  • The study provides an in-depth analysis of the oilfield auxiliary rental equipment market with current and future trends to elucidate the imminent investment pockets in the market
  • Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends in order to gain a stronger foothold in the market
  • The report provides information regarding key drivers and challenges with their impact  on the market
  • Quantitative analysis of the current market and estimations through 2013-2020 are provided to highlight the ongoing and future trends
  • Porters Five Forces model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market

MARKET SEGMENTATION

MARKET BY GEOGRAPHY

  • UAE
  • Saudi Arabia
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

KEY PLAYERS

  • Superior Energy Services Inc.
  • Schlumberger Limited
  • Oil States International Inc.
  • Weatherford
  • The Olayan Group
  • Key Energy Services Inc.
 

TABLE OF CONTENTS

1. INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Research Methodology

1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Analyst tool & Model  

2. EXECUTIVE SUMMARY

2.1. List of Abbreviations
2.2. Scope of the report

2.2.1. Market overview
2.2.2. Product offerings

2.3. Market landscape

2.3.1. Market overview
2.3.2. Market size & forecast

2.4. Porter’s five forces analysis

2.4.1. Moderate threat of entry of new players
2.4.2. Rising threat of substitutes
2.4.3. Threat of bargaining power of suppliers
2.4.4. Threat of bargaining power of customers
2.4.5. Higher threat from industry rivalry

3. OILFIELD AUXILIARY RENTAL EQUIPMENT MARKET BY GEOGRAPHY, 2013 – 2020 $MILLION

3.1. Introduction
3.2. UAE
3.3. Saudi Arabia
3.4. Qatar
3.5. Oman
3.6. Kuwait
3.7. Bahrain

4. MARKET OVERVIEW

4.1. Buying criteria
4.2. Market dynamics

4.2.1. Drivers

4.2.1.1. Total cost optimization
4.2.1.2. Increased energy demands
4.2.1.3. Falling oil prices
4.2.1.4. Impact of market drivers

4.2.2. Challenges

4.2.2.1. Advent of automated systems
4.2.2.2. Lack of skilled workers
4.2.2.3. Impact of market challenges

4.3. Market trends
4.4. Trends and their impact
4.5. Vendor landscape

4.5.1. Competitive scenario
4.5.2. Key news
4.5.3. Merger and acquisitions
4.5.4. Importance of  Merger and acquisitions in oil field auxiliary equipment Market

5. OTHER PROMINENT VENDORS

5.1. The Olayan Group

5.1.1. Business overview
5.1.2. Key Information
5.1.3. SWOT analysis of The Olayan Group

5.2. Key Energy Services Inc.

5.2.1. Business overview
5.2.2. Key Information
5.2.3. Business segmention
5.2.4. SWOT analysis of Key Energy Services Inc.

6. KEY VENDOR ANALYSIS

6.1. Superior Energy Services Inc.

6.1.1. Business overview
6.1.2. Key Information
6.1.3. Business segmentation
6.1.4. SWOT analysis of Superior Energy Services Inc.

6.2. Schlumberger Limited

6.2.1. Business overview
6.2.2. Key Information
6.2.3. Business segmentation
6.2.4. SWOT analysis of Schlumberger

6.3. Oil States International Inc.

6.3.1. Business overview
6.3.2. Key Information
6.3.3. Business segmentation
6.3.4. SWOT analysis of Oil state international Inc.

6.4. Weatherford 

6.4.1. Business overview
6.4.2. Key Information
6.4.3. Business segmentation
6.4.4. SWOT analysis of Weatherford

LIST OF TABLES

TABLE 1 OILFIELD AUXILIARY  RENTAL EQUIPMENT MARKET REVENUE BY GCC COUNTRIES, 2015-2019 ($ MILLION)
TABLE 2  GCC OILFIELD AUXILIARY RENTAL EQUIPMENT MARKET , 2015-2019 ($ MILLION)
TABLE 3  KEY MARKET PLAYERS POSITIONING

LIST OF FIGURES

FIG. 1 PORTER’S FIVE FORCES MODEL
FIG. 2  CRUDE OIL PRODUCTION, THOUSAND BARRELS PER DAY, 2006-2012
FIG. 3  IMPACT OF DRIVERS, 2014 & 2020
FIG. 4  IMPACT OF CHALLENGES, 2014 & 2020
FIG. 5  SWOT ANALYSIS OF THE OLAYAN GROUP
FIG. 6  REVENUE GENERATED BY KEY ENERGY SERVICES INC.
FIG. 7  REVENUE OF KEY ENERGY SERVICES INC. IN PERCENTAGE BY GEOGRAPHY 2013
FIG. 8  SWOT ANALYSIS OF KEY ENERGY SERVICES INC.
FIG. 9  REVENUE GENERATED BY SUPERIOR ENERGY SERVICES INC.
FIG. 10  REVENUE OF SUPERIOR ENERGY SERVICES INC. IN PERCENTAGE BY GEOGRAPHY 2013
FIG. 11  REVENUE OF SUPERIOR ENERGY SERVICES INC. IN PERCENTAGE BY SEGMENT 2013
FIG. 12  SWOT ANALYSIS OF SUPERIOR ENERGY SERVICES INC.
FIG. 13  REVENUE GENERATED BY SCHLUMBERGER
FIG. 14  REVENUE OF SCHLUMBERGER IN PERCENTAGE BY GEOGRAPHY 2013
FIG. 15  REVENUE OF SCHLUMBERGER IN PERCENTAGE BY SEGMENT 2013
FIG. 16  SWOT ANALYSIS OF SCHLUMBERGER
FIG. 17  REVENUE GENERATED BY OIL STATES INTERNATIONAL INC.
FIG. 18  REVENUE OF OIL STATES INTERNATIONAL INC.IN PERCENTAGE BY GEOGRAPHY 2013
FIG. 19  REVENUE OF OIL STATES INTERNATIONAL INC.IN PERCENTAGE BY SEGMENT 2013
FIG. 20  SWOT ANALYSIS OF OIL STATE INTERNATIONAL INC.
FIG. 21  REVENUE GENERATED BY WEATHERFORD
FIG. 22  REVENUE OF WEATHERFORD IN PERCENTAGE BY GEOGRAPHY 2013
FIG. 23  REVENUE OF WEATHERFORD IN PERCENTAGE BY SEGMENT 2013
FIG. 24  SWOT ANALYSIS OF WEATHERFORD 

 

Oilfield auxiliary equipment are termed as machines and instruments, used for supporting activities at oilfields. The equipment used less frequently on the oilfield are availed on rent by various oil extraction companies. The major factors driving the auxiliary rental equipment market include the rising demand for energy sources, need of cost optimization and the increasing deep offshore oil production activities.

In the past year, oil prices have reduced to their four year lowest value, which has affected the profit of oil production companies. In order to ensure the profitability of business, companies are optimizing their redundant expenses. Auxiliary equipment’s are infrequently used instruments in oilfield activities. Therefore, companies avail such instruments on rent instead of purchasing them. These oilfield auxiliary equipment are offered on rent for an hourly, daily, weekly or annual period.

Weatherford, Schlumberger, The Olayan Group, Key Energy Services and others are some of the key players in the GCC region.  Merger/acquisition and expansions are the prime strategies followed by numerous companies to gain a competitive edge in the market. The oilfield auxiliary rental equipment market is moderately attractive for new players based on the high capital investments and advanced technology requirement. Various companies present in the GCC region are in the process of expanding their presence by strengthening their sales channels.

 

 

* Taxes/Fees, If applicable will be
added during checkout. All prices in USD.

 

Get More Information About This Report

For any queries about purchasing this report, Please fill the form below:

Please input the above text in the input box or click refresh

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 
 

FREQUENTLY ASKED
QUESTIONS?

 
 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 
 
 

PURCHASE OPTIONS

* Taxes/Fees, If applicable will be
added during checkout. All prices in USD.

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,    Int'l : +1-503-894-6022
Drop us an email at
help@alliedmarketresearch.com

Send Enquiry
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 
 

Featured Readings

 

Get Fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts