The oilfield equipment rental services market is expected to grow at a CAGR of over 5% during the forecast period 2021-2027. Oilfield equipment is equipment that extracts oil and gas from reservoirs. To reduce the capital expenditure of this equipment, oilfield operators rent or lease such equipment. Due to the growing energy demand, oilfield equipment rental is […]
Tag Archives: Oilfield Equipment Rental Market
Oilfield equipment rental is a facility that hires equipment used to mine and drill an oilfield temporarily for a predetermined period of time. Oil fields require special machines to drill wells underground and extract crude oil. Typical oilfield equipment available for rental includes drilling, pressure and flow equipment, pumps and valves, tubing, drill bits, wire […]
The oilfield equipment rental services market is expected to grow at a CAGR of over 5% during the forecast period 2021-2027. Oilfield equipment is equipment that extracts oil and gas from reservoirs. To reduce the capital expenditure of this equipment, oilfield operators rent or lease such equipment. Due to the growing energy demand, oilfield equipment […]