Oilfield Market (Site License)


Oilfield Market (Site License)

Purchase Site License

Excel file is published each year in October and updated in January and April of the following year.

Site License
Multiple users, one company location. Includes Excel file by digital download after purchase.

The Oilfield Market Report details the equipment and service markets associated with the exploration, drilling, and production segments of the worldwide petroleum industry. The OMR contains share and size analysis on 32 market segments. The current edition of the report has been expanded to include product line revenues for about 700 oilfield equipment and service companies working around the world. Spears & Associates constructs the Oilfield Market Report using thousands of interviews and independent data sources each year. Among the report’s clients are all major oil companies, all major service companies, all major consulting firms and a host of investors.

The current edition of the Oilfield Market Report spans the years 2006-2017 and includes the following market segments:

  • Artificial Lift
  • Casing & Tubing Services
  • Coiled Tubing Services
  • Completion Equipment & Services
  • Contract Compression Services
  • Directional Drilling Services
  • Downhole Drilling Tools
  • Drill Bits
  • Drilling & Completion Fluids
  • Floating Production Services
  • Geophysical Equipment & Services
  • Hydraulic Fracturing
  • Inspection & Coating
  • Land Contract Drilling
  • Offshore Construction Services
  • Offshore Contract Drilling
  • Oil Country Tubular Goods
  • Petroleum Aviation
  • Production Testing
  • Rental & Fishing Services
  • Rig Equipment
  • Solids Control & Waste Management
  • Specialty Chemicals
  • Subsea Equipment
  • Supply Vessels
  • Surface Data Logging
  • Surface Equipment
  • Unit Manufacturing
  • Well Servicing
  • Wireline Logging

Here below is one of the market segments – subsea equipment. This market has grown from $8 billion in 2006 to $22 billion in 2014, with the BP Macondo event being a disruptor of the market’s almost uninterrupted growth up to that point.  The global slowdown in drilling during 2015-2016 collapsed this market to $14 billion in 2016 with very little change anticipated for 2017:

Subsea Equipment

The 2014 global oilfield equipment and service market peaked at $457 billion in 2014 and fell to just $220 billion in 2016, which will be the bottom of the cycle.