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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

  • Report Code: OI 1003
  • Publish Date: Apr 2015
  
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The purpose of this report is to define, describe, and forecast the African oilfield services market. It involves a deep-dive analysis of the market segmentation, which is based on type and geography. The report also provides deep insights into the competitive landscape of the market through a strategic analysis of the key market players. The oilfield services market, in terms of type, has been segmented into coiled tubing services, well completion, drilling fluids, drilling services, oil country tubular goods, pressure pumping services, well intervention, oilfield equipment rental, and wireline services. The main stakeholders of the market are oilfield service companies, exploration & production companies, and oil & gas field operators.

 

African oilfield services market is projected to grow at a CAGR of 4.5% during the forecast period of 2014 to 2019. The growth is attributed to the discoveries of new oil & gas fields in Angola, Algeria, Egypt, and Nigeria.

 

The growing demand for oil and gas led to an increase in the exploration of oil and gas field. Every time a new field is discovered, logging, completion, and intervention activities are needed to be carried out to extract oil and gas. For proper production or injection of the well, completion services are required to be done. Thus, the market for oilfield services is directly proportional to the number of new discoveries.

 

Countries are investing significantly for the exploration of oil and gas fields. New discoveries are made almost every week. There were more than 177 new discoveries in 2013 with Middle East and Africa having the highest count of 60.

 

The report provides a detailed competitive landscaping of companies operating in this market. Segment and country-specific company shares, news & deals, mergers & acquisitions, along with segment-specific pipeline products, product approvals, and product recalls of the major companies have been detailed in the report. The main companies operating in this African market are Baker Hughes Inc. (U.S.), National Oilwell Varco Inc. (U.S.), Expro International Group Holdings Ltd. (U.K.), Superior Energy Services Inc. (U.S.), Weatherford International Plc (Ireland), and Halliburton Co. (U.S.).



Table of Contents


1 Introduction (Page No. - 10)
    1.1 Objectives of the Study
    1.2 Market Segmentation & Coverage
    1.3 Stakeholders


2 Research Methodology (Page No. - 12)
    2.1 Integrated Ecosystem of Africa Oilfield Services Market
    2.2 Arriving at the Africa Oilfield Services Market Size
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
           2.2.3 Demand Side Approach
           2.2.4 Macro Indicator-Based Approach
    2.3 Assumptions


3 Executive Summary (Page No. - 19)


4 Market Overview (Page No. - 20)
    4.1 Introduction
    4.2 Africa Oilfield Services Market: Comparison With Parent Market
    4.3 Market Drivers and Inhibitors
    4.4 Key Market Dynamics


5 Africa Oilfield Services Market, By Application (Page No. - 27)
    5.1 Introduction
    5.2 Africa Oilfield Services Market: Comparison With Parent Market
    5.3 Africa Onshore Oilfield Services Market, By Country
    5.4 Africa Offshore Oilfield Services Market, By Country


6 Africa Oilfield Services Market, By Type (Page No. - 33)
    6.1 Introduction
    6.2 Africa Oilfield Services Market, Type Comparison With Oil & Gas Industry
    6.3 Africa Drilling Services Market, By Country
    6.4 Africa Coiled Tubing Service Market, By Country
    6.5 Africa Drilling Fluid Market, By Country
    6.6 Africa Oil Country Tubular Goods Market, By Country
    6.7 Africa Oilfield Equipment Rental Market, By Country
    6.8 Africa Pressure Pumping Services Market, By Country
    6.9 Africa Well Completion Market, By Country
    6.10 Africa Well Intervention Market, By Country
    6.11 Africa Wireline Services Market, By Country


7 Africa Oilfield Services Market, By Country (Page No. - 47)
    7.1 Introduction
    7.2 Angola Oilfield Services Market
           7.2.1 Angola Oilfield Services Market, By Application
           7.2.2 Angola Oilfield Services Market, By Type
    7.3 Algeria Oilfield Services Market
           7.3.1 Algeria Oilfield Services Market, By Application
           7.3.2 Algeria Oilfield Services Market, By Type
    7.4 Egypt Oilfield Services Market
           7.4.1 Egypt Oilfield Services Market, By Application
           7.4.2 Egypt Oilfield Services Market, By Type
    7.5 Nigeria Oilfield Services Market
           7.5.1 Nigeria Oilfield Services Market, By Application
           7.5.2 Nigeria Oilfield Services Market, By Type


8 Oilfield Services Market: Competitive Landscape (Page No. - 65)
    8.1 Africa Oilfield Services Market: Company Share Analysis
    8.2 Company Presence in Oilfield Services Market, By Type
    8.3 New Product/Service Launches
    8.4 Joint Ventures


9 Africa Oilfield Services Market, By Company (Page No. - 70)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MMM View)*
    9.1 Weatherford International PLC
    9.2 Expro International Group Holdings Ltd.
    9.3 Baker Hughes Inc.
    9.4 Halliburton Company
    9.5 Schlumberger Ltd.
    9.6 Superior Energy Services, Inc.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MNM View Might Not be Captured in Case of Unlisted Companies.


10 Appendix (Page No. - 91)
     10.1 Related Reports
     10.2 Introducing RT: Real Time Market Intelligence


List of Tables (52 Tables)


Table 1 Oilfield Services, Peer Market Size, 2013 (USD MN)
Table 2 Oilfield Services Application Market, 2013 (USD MN)
Table 3 Africa Oilfield Services Market: Macro Indicator, By Country, 2013
Table 4 Africa Oilfield Services Market: Comparison With Parent Market, 2013-2019 (USD MN)
Table 5 Africa Oilfield Services Market: Drivers and Inhibitors
Table 6 Africa Oilfield Services Market, By Application, 2013-2019 (USD MN)
Table 7 Africa Oilfield Services Market, By Type, 2013-2019 (USD MN)
Table 8 Africa Oilfield Services Market, By Country, 2013-2019 (USD MN)
Table 9 Africa Oilfield Services Market, By Application, 2013-2019 (USD MN)
Table 10 Africa Oilfield Services Market: Comparison With Parent Market, 2013-2019 (USD MN)
Table 11 Africa Onshore Oilfield Service, By Country, 2013-2019 (USD MN)
Table 12 Africa Offshore Oilfield Service, By Country, 2013-2019 (USD MN)
Table 13 Africa Oilfield Services Market, By Type, 2013-2019 (USD MN)
Table 14 Africa Oilfield Services Market: Type Comparison With Parent Market, 2013-2019 (USD MN)
Table 15 Africa Drilling Services Market, By Country, 2013-2019 (USD MN)
Table 16 Africa Coiled Tubing Services Market, By Country, 2013-2019 (USD MN)
Table 17 Africa Drilling Fluid Market, By Country, 2013-2019 (USD MN)
Table 18 Africa Oil Country Tubular Goods Market, By Country, 2013-2019 (USD MN)
Table 19 Africa Oilfield Equipment Rental Market, By Country, 2013-2019 (USD MN)
Table 20 Africa Pressure Pumping Services Market, By Country, 2013-2019 (USD MN)
Table 21 Africa Well Completion Market, By Country, 2013-2019 (USD MN)
Table 22 Africa Well Intervention Market, By Country, 2013-2019 (USD MN)
Table 23 Africa Wireline Services Market, By Country, 2013-2019 (USD MN)
Table 24 Africa Oilfield Services Market, By Country, 2013-2019 (USD MN)
Table 25 Angola Oilfield Services Market, By Application, 2013-2019 (USD MN)
Table 26 Angola Oilfield Services Market, By Type, 2013-2019 (USD MN)
Table 27 Algeria Oilfield Services Market, By Application, 2013-2019 (USD MN)
Table 28 Algeria Oilfield Services Market, By Type, 2013-2019 (USD MN)
Table 29 Egypt Oilfield Services Market, By Application, 2013-2019 (USD MN)
Table 30 Egypt Oilfield Services Market, By Type, 2013-2019 (USD MN)
Table 31 Nigeria Oilfield Services Market, By Application, 2013-2019 (USD MN)
Table 32 Nigeria Oilfield Services Market, By Type, 2013-2019 (USD MN)
Table 33 Africa Oilfield Services Market: Company Share Analysis, 2013 (%)
Table 34 Africa Oilfield Services Market: New Product/Service Launches
Table 35 Africa Oilfield Services Market: Joint Ventures
Table 36 Africa Oilfield Services Market: New Contracts and Agreements
Table 37 Weatherford International PLC: Key Financials, 2009-2013 (USD MN)
Table 38 Weatherford International PLC: Revenue, By Business Segment, 2009-2013 (USD MN)
Table 39 Weatherford International PLC: Revenue, By Geographic Segment, 2009-2013 (USD MN)
Table 40 Expro International Group Holdings Ltd.: Key Financials, 2009-2013 (USD MN)
Table 41 Baker Hughes Inc.: Key Financials, 2009-2013 (USD MN)
Table 42 Baker Hughes Inc.: Revenue, By Business Segment, 2009-2013 (USD MN)
Table 43 Baker Hughes Inc.: Revenue, By Geographic Segment, 2009-2013 (USD MN)
Table 44 Halliburton Company: Key Financials, 2009-2013 (USD MN)
Table 45 Halliburton: Revenue By Business Segment 2009-2013 (USD MN)
Table 46 Halliburton Company: Revenue, By Geographic Segment, 2009-2013 (USD MN)
Table 47 Schlumberger Ltd.: Key Financials, 2009-2013 (USD MN)
Table 48 Schlumberger Ltd.: Revenue, By Business Segment, 2009-2013 (USD MN)
Table 49 Schlumberger Ltd.: Revenue, By Geographical Segment, 2009-2013 (USD MN)
Table 50 Superior Energy Services, Inc.: Key Financials, 2009-2013 (USD MN)
Table 51 Superior Energy Services, Inc.: Revenue, By Business Segment 2009-2013 (USD MN)
Table 52 Superior Energy Services, Inc.: Revenue, By Geographical Segment, 2009-2013 (USD MN)


List of Figures (57 Figures)


Figure 1 Africa Oilfield Services Market: Segmentation & Coverage
Figure 2 Oilfield Services Market: Integrated Ecosystem
Figure 3 Research Methodology
Figure 4 Top-Down Approach
Figure 5 Bottom-Up Approach
Figure 6 Demand Side Approach
Figure 7 Macro Indicator-Based Approach: Number of Wells (2013)
Figure 8 Africa Oilfield Services Market Snapshot
Figure 9 Global Oilfield Services Market: Growth Aspects
Figure 10 Africa Oilfield Services Market: Comparison With Parent Market
Figure 11 Africa Oilfield Services Market, By Application, 2014-2019 (USD MN)
Figure 12 Africa Oilfield Services Market, By Country, 2013 (USD MN)
Figure 13 Africa Oilfield Service Market, By Application, 2014-2019 (USD MN)
Figure 14 Africa Oilfield Services Market: Comparison With Parent Market
Figure 15 Africa Onshore Oilfield Services Market, By Country, 2013-2019 (USD MN)
Figure 16 Africa Offshore Oilfield Services Market, By Country, 2013-2019 (USD MN)
Figure 17 Africa Oilfield Services Market, By Type, 2014-2019 (USD MN)
Figure 18 Africa Oilfield Services Market: Type Comparison With Oil & Gas Industry, 2013-2019 (USD MN)
Figure 19 Africa Drilling Services Market, By Country, 2013-2019 (USD MN)
Figure 20 Africa Coiled Tubing Services Market, By Country, 2013-2019 (USD MN)
Figure 21 Africa Drilling Fluid Market, By Country, 2013-2019 (USD MN)
Figure 22 Africa Oil Country Tubular Goods Market, By Country, 2013-2019 (USD MN)
Figure 23 Africa Oilfield Equipment Rental Market, By Country, 2013-2019 (USD MN)
Figure 24 Africa Pressure Pumping Services Market, By Country, 2013-2019 (USD MN)
Figure 25 Africa Well Completion Market, By Country, 2013-2019 (USD MN)
Figure 26 Africa Well Intervention Market, By Country, 2013-2019 (USD MN)
Figure 27 Africa Wireline Services Market, By Country, 2013-2019 (USD MN)
Figure 28 Africa Oilfield Services Market: Growth Analysis, By Country, 2014-2019 (USD MN)
Figure 29 Angola Oilfield Services Market Overview, 2014 & 2019 (%)
Figure 30 Angola Oilfield Services Market, By Application, 2013-2019 (USD MN)
Figure 31 Angola Oilfield Services Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 32 Angola Oilfield Services Market, By Type, 2013-2019 (USD MN)
Figure 33 Angola Oilfield Services Market Share, By Type, 2014-2019 (%)
Figure 34 Algeria Oilfield Services Market Overview, 2014 & 2019 (%)
Figure 35 Algeria Oilfield Services Market, By Application, 2013-2019 (USD MN)
Figure 36 Algeria Oilfield Services Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 37 Algeria Oilfield Services Market, By Type, 2013-2019 (USD MN)
Figure 38 Algeria Oilfield Services Market Share, By Type, 2014-2019 (%)
Figure 39 Egypt Oilfield Services Market Overview, 2014 & 2019 (%)
Figure 40 Egypt Oilfield Services Market, By Application, 2013-2019 (USD MN)
Figure 41 Egypt Oilfield Services Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 42 Egypt Oilfield Services Market, By Type, 2013-2019 (USD MN)
Figure 43 Egypt Oilfield Services Market Share, By Type, 2014-2019 (%)
Figure 44 Nigeria Oilfield Services Market Overview, 2014 & 2019 (%)
Figure 45 Nigeria Oilfield Services Market, By Application, 2013-2019 (USD MN)
Figure 46 Nigeria Oilfield Services Market: Application Snapshot, 2014 & 2019 (USD MN)
Figure 47 Nigeria Oilfield Services Market, By Type, 2013-2019 (USD MN)
Figure 48 Nigeria Oilfield Services Market Share, By Type, 2014-2019 (%)
Figure 49 Africa Oilfield Services: Company Share Analysis, 2013 (%)
Figure 50 Africa Oilfield Services: Company Product Coverage, By Type, 2013
Figure 51 Weatherford International PLC : Revenue Mix, 2013 (%)
Figure 52 Expro International Group Holdings Ltd.: Revenue Mix, 2013 (%)
Figure 53 Baker Hughes Inc.: Revenue Mix, 2013 (%)
Figure 54 Halliburton Company: Revenue Mix, 2013 (%)
Figure 55 Schlumberger Ltd.: Revenue Mix, 2013 (%)
Figure 56 Superior Energy Services, Inc.: Revenue Mix, 2013 (%)
Figure 57 RT Snapshots

Oilfield services are required during all the stages of lifecycle of a well, including exploration, drilling, development, completion, production, intervention, and abandonment. The continuous rise in population and increasing industrial developments are pushing the demand for oil and gas continuously. The pressure for finding new reserves and increased production is driving the E&P companies to towards technical innovations and new areas of exploration in deep sea and at other offshore places that are unexplored. This surge in the exploration & production activities is rapidly driving the oilfield services market in African region.

 

Typical oilfield service operations include coiled tubing services, well completion, drilling fluids, drilling services, oil country tubular goods, pressure pumping services, well intervention, oilfield equipment rental, and wireline services.

 

Africa is expected to witness the highest growth in the well completion segment. The governments in various countries of this region have also made efforts for improving social and political conditions, thus making the entry of foreign players viable and profitable.

 

Africa is becoming one of the biggest oilfield services market, with a very high growth rate in completion and production activities. Angola, Algeria, Egypt, and Nigeria are expected to have a high number of investments made in oilfield services market in 2014, which will have a positive impact on the growth of oilfield services market. Africa is likely to see an increment in exploration and production activities in coming years with major developments likely to happen in Egypt and Algeria. Other countries, such as Nigeria and Angola will also drive the growth of the oilfield services market within the region.

 

The African oilfield services market was valued at $29,262.3 million in 2014, and is expected to grow at a CAGR of 4.5% from 2014 and 2019, to reach a value of $ 36,523.6 million by 2019. The drilling services segment is expected to grow at the highest CAGR of 4.2% among all segments during 2014-2019. This segment held the largest market share of 61.6% in the overall African oilfield services market in 2014.

 

An in-depth market share analysis, by revenue, of the top companies is included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, as well as annual reports and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Top market players that have established their base in the African oilfield services market are Baker Hughes Inc. (U.S.), National Oilwell Varco Inc. (U.S.), Expro International Group Holdings Ltd. (U.K.), Superior Energy Services Inc. (U.S.), and Halliburton Co. (U.S.).

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