Global Oilfield Services Market Growth (Status and Outlook) 2023-2029

The global Oilfield Services market size is projected to grow from US$ 218640 million in 2022 to US$ 405430 million in 2029; it is expected to grow at a CAGR of 9.2% from 2023 to 2029.

Global oilfield services key players include Schlumberger, Halliburton and Saipem. Global top three manufacturers hold a share about 27%. In terms of product, drilling services is the largest segment, with a share about 39%. And in terms of application, the largest application is onshore, with a share about 73%.

The oilfield services (or OFS) industry refers to all products and services associated with the oil and gas exploration and production process, include many technology-based services that are vital for successful field operations. Such services include locating energy sources, energy data management, drilling and formation evaluation, geological sciences, and many others.

LPI (LP Information)' newest research report, the “Oilfield Services Industry Forecast” looks at past sales and reviews total world Oilfield Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Oilfield Services sales for 2023 through 2029. With Oilfield Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oilfield Services industry.

This Insight Report provides a comprehensive analysis of the global Oilfield Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Oilfield Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Oilfield Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oilfield Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oilfield Services.

This report presents a comprehensive overview, market shares, and growth opportunities of Oilfield Services market by product type, application, key players and key regions and countries.

Market Segmentation:
Segmentation by type
    Drilling Services
    Workover & Completion Services
    Production Services
    Processing & Separation Services
    Geophysical Services

Segmentation by application
    Onshore
    Offshore

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Schlumberger
    Halliburton
    Baker Hughes (GE)
    Weatherford
    NOV
    TechnipFMC
    COSL
    Archer
    Expro
    Trican Well Service
    Ranger Energy Services
    Nabors
    Saipem
    Patterson-UTI
    Liberty Oilfield Services
    Helmerich & Payne
    Calfrac Well Services
    Key Energy Services
    Transocean
    Petrofrac
    RPC
    AlMansoori
    ADES
    KCA Deutag
    NexTier Oilfield Solutions

List of Tables
    Table 1. Oilfield Services Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
    Table 2. Major Players of Drilling Services
    Table 3. Major Players of Workover & Completion Services
    Table 4. Major Players of Production Services
    Table 5. Major Players of Processing & Separation Services
    Table 6. Major Players of Geophysical Services
    Table 7. Oilfield Services Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
    Table 8. Global Oilfield Services Market Size by Type (2018-2023) & ($ Millions)
    Table 9. Global Oilfield Services Market Size Market Share by Type (2018-2023)
    Table 10. Oilfield Services Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
    Table 11. Global Oilfield Services Market Size by Application (2018-2023) & ($ Millions)
    Table 12. Global Oilfield Services Market Size Market Share by Application (2018-2023)
    Table 13. Global Oilfield Services Revenue by Players (2018-2023) & ($ Millions)
    Table 14. Global Oilfield Services Revenue Market Share by Player (2018-2023)
    Table 15. Oilfield Services Key Players Head office and Products Offered
    Table 16. Oilfield Services Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
    Table 17. New Products and Potential Entrants
    Table 18. Mergers & Acquisitions, Expansion
    Table 19. Global Oilfield Services Market Size by Regions 2018-2023 & ($ Millions)
    Table 20. Global Oilfield Services Market Size Market Share by Regions (2018-2023)
    Table 21. Global Oilfield Services Revenue by Country/Region (2018-2023) & ($ millions)
    Table 22. Global Oilfield Services Revenue Market Share by Country/Region (2018-2023)
    Table 23. Americas Oilfield Services Market Size by Country (2018-2023) & ($ Millions)
    Table 24. Americas Oilfield Services Market Size Market Share by Country (2018-2023)
    Table 25. Americas Oilfield Services Market Size by Type (2018-2023) & ($ Millions)
    Table 26. Americas Oilfield Services Market Size Market Share by Type (2018-2023)
    Table 27. Americas Oilfield Services Market Size by Application (2018-2023) & ($ Millions)
    Table 28. Americas Oilfield Services Market Size Market Share by Application (2018-2023)
    Table 29. APAC Oilfield Services Market Size by Region (2018-2023) & ($ Millions)
    Table 30. APAC Oilfield Services Market Size Market Share by Region (2018-2023)
    Table 31. APAC Oilfield Services Market Size by Type (2018-2023) & ($ Millions)
    Table 32. APAC Oilfield Services Market Size Market Share by Type (2018-2023)
    Table 33. APAC Oilfield Services Market Size by Application (2018-2023) & ($ Millions)
    Table 34. APAC Oilfield Services Market Size Market Share by Application (2018-2023)
    Table 35. Europe Oilfield Services Market Size by Country (2018-2023) & ($ Millions)
    Table 36. Europe Oilfield Services Market Size Market Share by Country (2018-2023)
    Table 37. Europe Oilfield Services Market Size by Type (2018-2023) & ($ Millions)
    Table 38. Europe Oilfield Services Market Size Market Share by Type (2018-2023)
    Table 39. Europe Oilfield Services Market Size by Application (2018-2023) & ($ Millions)
    Table 40. Europe Oilfield Services Market Size Market Share by Application (2018-2023)
    Table 41. Middle East & Africa Oilfield Services Market Size by Region (2018-2023) & ($ Millions)
    Table 42. Middle East & Africa Oilfield Services Market Size Market Share by Region (2018-2023)
    Table 43. Middle East & Africa Oilfield Services Market Size by Type (2018-2023) & ($ Millions)
    Table 44. Middle East & Africa Oilfield Services Market Size Market Share by Type (2018-2023)
    Table 45. Middle East & Africa Oilfield Services Market Size by Application (2018-2023) & ($ Millions)
    Table 46. Middle East & Africa Oilfield Services Market Size Market Share by Application (2018-2023)
    Table 47. Key Market Drivers & Growth Opportunities of Oilfield Services
    Table 48. Key Market Challenges & Risks of Oilfield Services
    Table 49. Key Industry Trends of Oilfield Services
    Table 50. Global Oilfield Services Market Size Forecast by Regions (2024-2029) & ($ Millions)
    Table 51. Global Oilfield Services Market Size Market Share Forecast by Regions (2024-2029)
    Table 52. Global Oilfield Services Market Size Forecast by Type (2024-2029) & ($ Millions)
    Table 53. Global Oilfield Services Market Size Forecast by Application (2024-2029) & ($ Millions)
    Table 54. Schlumberger Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 55. Schlumberger Oilfield Services Product Offered
    Table 56. Schlumberger Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 57. Schlumberger Main Business
    Table 58. Schlumberger Latest Developments
    Table 59. Halliburton Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 60. Halliburton Oilfield Services Product Offered
    Table 61. Halliburton Main Business
    Table 62. Halliburton Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 63. Halliburton Latest Developments
    Table 64. Baker Hughes (GE) Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 65. Baker Hughes (GE) Oilfield Services Product Offered
    Table 66. Baker Hughes (GE) Main Business
    Table 67. Baker Hughes (GE) Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 68. Baker Hughes (GE) Latest Developments
    Table 69. Weatherford Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 70. Weatherford Oilfield Services Product Offered
    Table 71. Weatherford Main Business
    Table 72. Weatherford Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 73. Weatherford Latest Developments
    Table 74. NOV Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 75. NOV Oilfield Services Product Offered
    Table 76. NOV Main Business
    Table 77. NOV Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 78. NOV Latest Developments
    Table 79. TechnipFMC Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 80. TechnipFMC Oilfield Services Product Offered
    Table 81. TechnipFMC Main Business
    Table 82. TechnipFMC Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 83. TechnipFMC Latest Developments
    Table 84. COSL Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 85. COSL Oilfield Services Product Offered
    Table 86. COSL Main Business
    Table 87. COSL Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 88. COSL Latest Developments
    Table 89. Archer Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 90. Archer Oilfield Services Product Offered
    Table 91. Archer Main Business
    Table 92. Archer Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 93. Archer Latest Developments
    Table 94. Expro Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 95. Expro Oilfield Services Product Offered
    Table 96. Expro Main Business
    Table 97. Expro Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 98. Expro Latest Developments
    Table 99. Trican Well Service Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 100. Trican Well Service Oilfield Services Product Offered
    Table 101. Trican Well Service Main Business
    Table 102. Trican Well Service Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 103. Trican Well Service Latest Developments
    Table 104. Ranger Energy Services Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 105. Ranger Energy Services Oilfield Services Product Offered
    Table 106. Ranger Energy Services Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 107. Ranger Energy Services Main Business
    Table 108. Ranger Energy Services Latest Developments
    Table 109. Nabors Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 110. Nabors Oilfield Services Product Offered
    Table 111. Nabors Main Business
    Table 112. Nabors Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 113. Nabors Latest Developments
    Table 114. Saipem Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 115. Saipem Oilfield Services Product Offered
    Table 116. Saipem Main Business
    Table 117. Saipem Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 118. Saipem Latest Developments
    Table 119. Patterson-UTI Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 120. Patterson-UTI Oilfield Services Product Offered
    Table 121. Patterson-UTI Main Business
    Table 122. Patterson-UTI Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 123. Patterson-UTI Latest Developments
    Table 124. Liberty Oilfield Services Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 125. Liberty Oilfield Services Oilfield Services Product Offered
    Table 126. Liberty Oilfield Services Main Business
    Table 127. Liberty Oilfield Services Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 128. Liberty Oilfield Services Latest Developments
    Table 129. Helmerich & Payne Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 130. Helmerich & Payne Oilfield Services Product Offered
    Table 131. Helmerich & Payne Main Business
    Table 132. Helmerich & Payne Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 133. Helmerich & Payne Latest Developments
    Table 134. Calfrac Well Services Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 135. Calfrac Well Services Oilfield Services Product Offered
    Table 136. Calfrac Well Services Main Business
    Table 137. Calfrac Well Services Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 138. Calfrac Well Services Latest Developments
    Table 139. Key Energy Services Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 140. Key Energy Services Oilfield Services Product Offered
    Table 141. Key Energy Services Main Business
    Table 142. Key Energy Services Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 143. Key Energy Services Latest Developments
    Table 144. Transocean Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 145. Transocean Oilfield Services Product Offered
    Table 146. Transocean Main Business
    Table 147. Transocean Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 148. Transocean Latest Developments
    Table 149. Petrofrac Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 150. Petrofrac Oilfield Services Product Offered
    Table 151. Petrofrac Main Business
    Table 152. Petrofrac Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 153. Petrofrac Latest Developments
    Table 154. RPC Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 155. RPC Oilfield Services Product Offered
    Table 156. RPC Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 157. RPC Main Business
    Table 158. RPC Latest Developments
    Table 159. AlMansoori Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 160. AlMansoori Oilfield Services Product Offered
    Table 161. AlMansoori Main Business
    Table 162. AlMansoori Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 163. AlMansoori Latest Developments
    Table 164. ADES Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 165. ADES Oilfield Services Product Offered
    Table 166. ADES Main Business
    Table 167. ADES Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 168. ADES Latest Developments
    Table 169. KCA Deutag Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 170. KCA Deutag Oilfield Services Product Offered
    Table 171. KCA Deutag Main Business
    Table 172. KCA Deutag Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 173. KCA Deutag Latest Developments
    Table 174. NexTier Oilfield Solutions Details, Company Type, Oilfield Services Area Served and Its Competitors
    Table 175. NexTier Oilfield Solutions Oilfield Services Product Offered
    Table 176. NexTier Oilfield Solutions Main Business
    Table 177. NexTier Oilfield Solutions Oilfield Services Revenue ($ million), Gross Margin and Market Share (2018-2023)
    Table 178. NexTier Oilfield Solutions Latest Developments
List of Figures
    Figure 1. Oilfield Services Report Years Considered
    Figure 2. Research Objectives
    Figure 3. Research Methodology
    Figure 4. Research Process and Data Source
    Figure 5. Global Oilfield Services Market Size Growth Rate 2018-2029 ($ Millions)
    Figure 6. Oilfield Services Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Figure 7. Oilfield Services Sales Market Share by Country/Region (2022)
    Figure 8. Oilfield Services Sales Market Share by Country/Region (2018, 2022 & 2029)
    Figure 9. Global Oilfield Services Market Size Market Share by Type in 2022
    Figure 10. Oilfield Services in Onshore
    Figure 11. Global Oilfield Services Market: Onshore (2018-2023) & ($ Millions)
    Figure 12. Oilfield Services in Offshore
    Figure 13. Global Oilfield Services Market: Offshore (2018-2023) & ($ Millions)
    Figure 14. Global Oilfield Services Market Size Market Share by Application in 2022
    Figure 15. Global Oilfield Services Revenue Market Share by Player in 2022
    Figure 16. Global Oilfield Services Market Size Market Share by Regions (2018-2023)
    Figure 17. Americas Oilfield Services Market Size 2018-2023 ($ Millions)
    Figure 18. APAC Oilfield Services Market Size 2018-2023 ($ Millions)
    Figure 19. Europe Oilfield Services Market Size 2018-2023 ($ Millions)
    Figure 20. Middle East & Africa Oilfield Services Market Size 2018-2023 ($ Millions)
    Figure 21. Americas Oilfield Services Value Market Share by Country in 2022
    Figure 22. United States Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 23. Canada Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 24. Mexico Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 25. Brazil Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 26. APAC Oilfield Services Market Size Market Share by Region in 2022
    Figure 27. APAC Oilfield Services Market Size Market Share by Type in 2022
    Figure 28. APAC Oilfield Services Market Size Market Share by Application in 2022
    Figure 29. China Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 30. Japan Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 31. Korea Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 32. Southeast Asia Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 33. India Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 34. Australia Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 35. Europe Oilfield Services Market Size Market Share by Country in 2022
    Figure 36. Europe Oilfield Services Market Size Market Share by Type (2018-2023)
    Figure 37. Europe Oilfield Services Market Size Market Share by Application (2018-2023)
    Figure 38. Germany Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 39. France Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 40. UK Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 41. Italy Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 42. Russia Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 43. Middle East & Africa Oilfield Services Market Size Market Share by Region (2018-2023)
    Figure 44. Middle East & Africa Oilfield Services Market Size Market Share by Type (2018-2023)
    Figure 45. Middle East & Africa Oilfield Services Market Size Market Share by Application (2018-2023)
    Figure 46. Egypt Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 47. South Africa Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 48. Israel Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 49. Turkey Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 50. GCC Country Oilfield Services Market Size Growth 2018-2023 ($ Millions)
    Figure 51. Americas Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 52. APAC Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 53. Europe Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 54. Middle East & Africa Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 55. United States Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 56. Canada Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 57. Mexico Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 58. Brazil Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 59. China Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 60. Japan Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 61. Korea Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 62. Southeast Asia Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 63. India Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 64. Australia Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 65. Germany Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 66. France Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 67. UK Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 68. Italy Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 69. Russia Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 70. Spain Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 71. Egypt Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 72. South Africa Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 73. Israel Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 74. Turkey Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 75. GCC Countries Oilfield Services Market Size 2024-2029 ($ Millions)
    Figure 76. Global Oilfield Services Market Size Market Share Forecast by Type (2024-2029)
    Figure 77. Global Oilfield Services Market Size Market Share Forecast by Application (2024-2029)

Schlumberger
Halliburton
Baker Hughes (GE)
Weatherford
NOV
TechnipFMC
COSL
Archer
Expro
Trican Well Service
Ranger Energy Services
Nabors
Saipem
Patterson-UTI
Liberty Oilfield Services
Helmerich & Payne
Calfrac Well Services
Key Energy Services
Transocean
Petrofrac
RPC
AlMansoori
ADES
KCA Deutag
NexTier Oilfield Solutions

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape