Oilfield Services Market Size ,Share ,Industry Growth And Forecast To 2025 : Grand View Research Inc.
San Francisco, 5 December 2019: The Report Oilfield Services Market Size, Share & Trends Analysis Report By Application, By Service (Workover & Completion, Production, Drilling, Subsea, Seismic), By Type, By Region (North America, Europe, Asia Pacific, MEA, CSA), And Segment Forecasts, 2018 – 2025 The global oilfield services market size is expected to be valued at USD 139.1 billion by 2025, according to a new report by Grand View Research, Inc. These services are being increasingly implemented owing to the rising demand for energy and the development of new oilfields. The purpose of oilfield services is to help operators control the subsurface pressures, minimize formation damage, control borehole erosion, and optimize drilling parameters including the penetration rate and hole cleaning. The burgeoning offshore industry, particularly in the Persian Gulf, is anticipated to drive the oilfield services market over the forecast period. However, the adverse environ