Drilling and Production
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Westwood Global Energy Group’s World Drilling & Well Services Market Forecast – previously known as the World Oilfield Services Market Forecast – presents the latest view on prospects for one of the largest areas of total oilfield services expenditure.
Based on detailed models, the report examines each country in turn and includes a summary of hydrocarbon potential and sensitised production outlook, with associated development drilling requirements segmented into oil & gas for the onshore sector and shallow vs. deep water depths for the offshore sector. Country-by-country exploration and appraisal (E&A) drilling forecasts for both the onshore and offshore sectors are also detailed.
Westwood’s World Oilfield Equipment Market Forecast Q4 2017-2021 shows continued troubles in the oilfield equipment sector, with global expenditure expected to total $608bn over the forecast period. However, global sentiments appear to be improving despite a slowing in US onshore rig counts in recent months.