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Saudi Arabia Oil Field Equipment Rental Market Forecast and Opportunities, 2020

  • Date Submitted: 11/13/2015 10:22 PM
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Saudi Arabia presents the report on “Saudi Arabia Oil Field Equipment Rental Market Forecast and Opportunities, 2020” (http://www.marketreportsonsaudiarabia.com/energy-utility-market-research-reports-3016/saudi-arabia-oil-field-equipment-rental.html) The biggest reason attributable to this is the country's unwillingness to lose its share in global oil & gas exports.

14 Nov, 2015, Navi Mumbai, India: Marketreportsonsaudiarabia.com presents a new report on “Saudi Arabia Oil Field Equipment Rental Market Forecast and Opportunities, 2020” The information contained in this report is based upon both primary and secondary research.

Saudi Arabia Oil Field Equipment Rental Market Forecast and Opportunities, 2020 Oil industry is getting increasingly affected by fluctuating crude oil prices resulting in low investments being made by companies across the globe. The oil field services market is directly dependent on the number of operational oil rigs. In spite of anticipated decline in overall global rig count in 2015, Saudi Arabia plans to carry out its oil field operations in accordance to its pre-existing exploration and production plans, thereby boosting oil field equipment rental market in the country. The biggest reason attributable to this is the country's unwillingness to lose its share in global oil & gas exports. Additionally, the country's increasing interest in exploring its shale oil reserves is expected to increase rig count in the coming years, which would have a positive impact on the equipment rental market.

According to “Saudi Arabia Oil Field Equipment Rental Market Forecast & Opportunities, 2020”, Saudi Arabian market for oil field equipment rental is projected to grow at around 11% through 2020. The eastern region of the country accounts for a lion's share in Saudi Arabia's oil field equipment rental market, and the region's dominance is expected to continue over the next five years. Drilling equipment rental segment accounts for majority of...

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