Oilfield and Drilling Services Market Insights, Global Outlook and Forecast 2022-2028
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Oilfield and drilling service is a complex process, which requires sophisticated technology and equipment. Oilfield and drilling services companies provide infrastructure, equipment, intellectual property and services required for the international oil & gas industry, to explore, extract, and transport crude oil & natural gas from the bottom of the earth to the refinery, and eventually to the consumer.
The latest research study released by Market IntelliX evaluates market size and forecasts of Oilfield and Drilling Services in Global, including the following market information:
Global Oilfield and Drilling Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Oilfield and Drilling Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Directional Drilling Services Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Oilfield and Drilling Services include Schlumberger Limited, Halliburton Company, GE(Baker Hughes), Weatherford International plc (WFT), Transocean Ltd, Seadrill, Ensco plc, China Oilfield Services Limited and Noble Corporation plc and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Oilfield and Drilling Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Oilfield and Drilling Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Oilfield and Drilling Services Market Segment Percentages, by Type, 2021 (%)
Directional Drilling Services
Oilfield and Drilling Supporting Activities
Global Oilfield and Drilling Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Oilfield and Drilling Services Market Segment Percentages, by Application, 2021 (%)
Onshore
Offshore
Global Oilfield and Drilling Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Oilfield and Drilling Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Oilfield and Drilling Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Oilfield and Drilling Services revenues share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
Schlumberger Limited
Halliburton Company
GE(Baker Hughes)
Weatherford International plc (WFT)
Transocean Ltd
Seadrill
Ensco plc
China Oilfield Services Limited
Noble Corporation plc
Helmerich & Payne
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Oilfield and Drilling Services Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Oilfield and Drilling Services Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Oilfield and Drilling Services Overall Market Size
2.1 Global Oilfield and Drilling Services Market Size: 2021 VS 2028
2.2 Global Oilfield and Drilling Services Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Oilfield and Drilling Services Players in Global Market
3.2 Top Global Oilfield and Drilling Services Companies Ranked by Revenue
3.3 Global Oilfield and Drilling Services Revenue by Companies
3.4 Top 3 and Top 5 Oilfield and Drilling Services Companies in Global Market, by Revenue in 2021
3.5 Global Companies Oilfield and Drilling Services Product Type
3.6 Tier 1, Tier 2 and Tier 3 Oilfield and Drilling Services Players in Global Market
3.6.1 List of Global Tier 1 Oilfield and Drilling Services Companies
3.6.2 List of Global Tier 2 and Tier 3 Oilfield and Drilling Services Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Oilfield and Drilling Services Market Size Markets, 2021 & 2028
4.1.2 Directional Drilling Services
4.1.3 Oilfield and Drilling Supporting Activities
4.2 By Type - Global Oilfield and Drilling Services Revenue & Forecasts
4.2.1 By Type - Global Oilfield and Drilling Services Revenue, 2017-2022
4.2.2 By Type - Global Oilfield and Drilling Services Revenue, 2023-2028
4.2.3 By Type - Global Oilfield and Drilling Services Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Oilfield and Drilling Services Market Size, 2021 & 2028
5.1.2 Onshore
5.1.3 Offshore
5.2 By Application - Global Oilfield and Drilling Services Revenue & Forecasts
5.2.1 By Application - Global Oilfield and Drilling Services Revenue, 2017-2022
5.2.2 By Application - Global Oilfield and Drilling Services Revenue, 2023-2028
5.2.3 By Application - Global Oilfield and Drilling Services Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Oilfield and Drilling Services Market Size, 2021 & 2028
6.2 By Region - Global Oilfield and Drilling Services Revenue & Forecasts
6.2.1 By Region - Global Oilfield and Drilling Services Revenue, 2017-2022
6.2.2 By Region - Global Oilfield and Drilling Services Revenue, 2023-2028
6.2.3 By Region - Global Oilfield and Drilling Services Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Oilfield and Drilling Services Revenue, 2017-2028
6.3.2 US Oilfield and Drilling Services Market Size, 2017-2028
6.3.3 Canada Oilfield and Drilling Services Market Size, 2017-2028
6.3.4 Mexico Oilfield and Drilling Services Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Oilfield and Drilling Services Revenue, 2017-2028
6.4.2 Germany Oilfield and Drilling Services Market Size, 2017-2028
6.4.3 France Oilfield and Drilling Services Market Size, 2017-2028
6.4.4 U.K. Oilfield and Drilling Services Market Size, 2017-2028
6.4.5 Italy Oilfield and Drilling Services Market Size, 2017-2028
6.4.6 Russia Oilfield and Drilling Services Market Size, 2017-2028
6.4.7 Nordic Countries Oilfield and Drilling Services Market Size, 2017-2028
6.4.8 Benelux Oilfield and Drilling Services Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Oilfield and Drilling Services Revenue, 2017-2028
6.5.2 China Oilfield and Drilling Services Market Size, 2017-2028
6.5.3 Japan Oilfield and Drilling Services Market Size, 2017-2028
6.5.4 South Korea Oilfield and Drilling Services Market Size, 2017-2028
6.5.5 Southeast Asia Oilfield and Drilling Services Market Size, 2017-2028
6.5.6 India Oilfield and Drilling Services Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Oilfield and Drilling Services Revenue, 2017-2028
6.6.2 Brazil Oilfield and Drilling Services Market Size, 2017-2028
6.6.3 Argentina Oilfield and Drilling Services Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Oilfield and Drilling Services Revenue, 2017-2028
6.7.2 Turkey Oilfield and Drilling Services Market Size, 2017-2028
6.7.3 Israel Oilfield and Drilling Services Market Size, 2017-2028
6.7.4 Saudi Arabia Oilfield and Drilling Services Market Size, 2017-2028
6.7.5 UAE Oilfield and Drilling Services Market Size, 2017-2028
7 Players Profiles
7.1 Schlumberger Limited
7.1.1 Schlumberger Limited Corporate Summary
7.1.2 Schlumberger Limited Business Overview
7.1.3 Schlumberger Limited Oilfield and Drilling Services Major Product Offerings
7.1.4 Schlumberger Limited Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.1.5 Schlumberger Limited Key News
7.2 Halliburton Company
7.2.1 Halliburton Company Corporate Summary
7.2.2 Halliburton Company Business Overview
7.2.3 Halliburton Company Oilfield and Drilling Services Major Product Offerings
7.2.4 Halliburton Company Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.2.5 Halliburton Company Key News
7.3 GE(Baker Hughes)
7.3.1 GE(Baker Hughes) Corporate Summary
7.3.2 GE(Baker Hughes) Business Overview
7.3.3 GE(Baker Hughes) Oilfield and Drilling Services Major Product Offerings
7.3.4 GE(Baker Hughes) Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.3.5 GE(Baker Hughes) Key News
7.4 Weatherford International plc (WFT)
7.4.1 Weatherford International plc (WFT) Corporate Summary
7.4.2 Weatherford International plc (WFT) Business Overview
7.4.3 Weatherford International plc (WFT) Oilfield and Drilling Services Major Product Offerings
7.4.4 Weatherford International plc (WFT) Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.4.5 Weatherford International plc (WFT) Key News
7.5 Transocean Ltd
7.5.1 Transocean Ltd Corporate Summary
7.5.2 Transocean Ltd Business Overview
7.5.3 Transocean Ltd Oilfield and Drilling Services Major Product Offerings
7.5.4 Transocean Ltd Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.5.5 Transocean Ltd Key News
7.6 Seadrill
7.6.1 Seadrill Corporate Summary
7.6.2 Seadrill Business Overview
7.6.3 Seadrill Oilfield and Drilling Services Major Product Offerings
7.6.4 Seadrill Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.6.5 Seadrill Key News
7.7 Ensco plc
7.7.1 Ensco plc Corporate Summary
7.7.2 Ensco plc Business Overview
7.7.3 Ensco plc Oilfield and Drilling Services Major Product Offerings
7.7.4 Ensco plc Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.7.5 Ensco plc Key News
7.8 China Oilfield Services Limited
7.8.1 China Oilfield Services Limited Corporate Summary
7.8.2 China Oilfield Services Limited Business Overview
7.8.3 China Oilfield Services Limited Oilfield and Drilling Services Major Product Offerings
7.8.4 China Oilfield Services Limited Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.8.5 China Oilfield Services Limited Key News
7.9 Noble Corporation plc
7.9.1 Noble Corporation plc Corporate Summary
7.9.2 Noble Corporation plc Business Overview
7.9.3 Noble Corporation plc Oilfield and Drilling Services Major Product Offerings
7.9.4 Noble Corporation plc Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.9.5 Noble Corporation plc Key News
7.10 Helmerich & Payne
7.10.1 Helmerich & Payne Corporate Summary
7.10.2 Helmerich & Payne Business Overview
7.10.3 Helmerich & Payne Oilfield and Drilling Services Major Product Offerings
7.10.4 Helmerich & Payne Oilfield and Drilling Services Revenue in Global Market (2017-2022)
7.10.5 Helmerich & Payne Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
Research Methodology:
Oilfield and Drilling Services Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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