European Oil, Gas, and Renewable Energy Solutions >  News  
> Homepage (News on Homepage)
> Upstream News
> Midstream News
> Downstream News
> Ocean Energy / Offshore Wind / Renewables
> General Interest News
> Equip©ment News 
Market Infos / Forecasts
> Events


See also:
»  eNewsletter ... from the Editors of OIL & GAS JOURNAL  -  OFFSHORE MAGAZINE - OIL, GAS & PETROCHEM EQUIPMENT
»  Gas for Energy  ... Smart Gas Technologies, Infrastructure and Utilisation ... Magazine, Newsletter, and Website


Published in EPT by Wilhelm Sicking, April 6, 2016


Douglas-Westwood issues world oilfield services forecast

April 06, 2016    + + +   Douglas-Westwood (DW) has announced the publication of the World Oilfield Services Market Forecast, a new quarterly publication that will offer insight into the global oilfield services (OFS) market. The firm says that the product delivers historic, current, and future drilling, completion and workover expenditure, forecasting 20 common oilfield service lines including rig and crew, cementing, well testing and logging.
According to the forecast report, the OFS market is expected to steadily increase from $192 billion in 2016 to $241 billion in 2020, after falling 38% year-on-year from 2014 to 2015.

The forecast includes a regional assessment of total OFS spending, with additional in-depth analysis of each service line at a national level (country-by-country breakdown of the top 30 country markets for oilfield expenditure). The detailed service line models include workover, as well as drilling and completion for the onshore and offshore markets, providing insight into the OFS sector.

Taking into account the latest macro-economic trends through explicit commodity price inputs to all service line models, DW says its OFS forecast provides up-to-date analysis of one of the most important and fast moving markets in the oil and gas industry.

DW says that its World Drilling & Production Forecast (D&P) contains a wells drilled forecast which drives the firmís OFS forecast. The firm says that its D&P forecast is continuously updated, providing detailed hydrocarbon production and drilling data that covers 96% of global production. This established foundation provides a base for the further modeling of footage and drilling days, which are key drivers of OFS spending.

Source: Douglas-Westwood / Offshore Magazine



Worldwide more than 100,000 paid subscriptions


Since May 2015
Oil, Gas & Petrochem (OG&PE) is published as part of the
OIL & GAS JOURNAL to serve a consolidated monthly audience of 135,000 oil/gas professionals worldwide
» read more


Worldwide more than 48,000 subscriptions -
100% one-year direct request qualification


'What's New' in Upstream, Midstream and Downstream Products & Services. Circulation 37,000

Petroleum Group:

Oil & Gas Journal
Oil & Gas Journal Russia

Oil, Gas & Petrochem Equipment

Offshore Magazine
Offshore Russia
Offshore eNewsletter 
Offshore Website Statistics

Oil & Gas Financial Journal

+ + + 

 For more information, media kits or sample copies please contact
Andreas Sicking
+49 (0)2903-338570

Please send news releases to Wilhelm Sicking -