Oilfield services market is anticipated to grow at a moderate CAGR of 4.9% during the forecast period (2024-2031).The oilfield services industry provides specialized expertise and equipment throughout the oil and gas production lifecycle. They assist with exploration (seismic surveys), well drilling and completion, production optimization, and infrastructure maintenance, ensuring efficient and safe extraction of hydrocarbons. […]
Tag Archives: Oilfield Services Market
Oilfield services are a variety of petroleum related operations such as exploration, drilling, stimulation, completion, intervention and production during the entire lifecycle of an oil well exploration. Oilfield services help operators control subsurface pressure, control borehole erosion, minimize stratum damage, optimize drilling parameters, and analyze penetration rates and hole cleaning. Technological innovations have improved the […]