Words of Wisdom:

"In 3 words, I can sum up everything I have learned about Life.. It goes on" - Xmisfitsx310

Market Forecast and Opportunities on India Oilfield Services Upto 2020

  • Date Submitted: 11/04/2015 11:18 PM
  • Flesch-Kincaid Score: 34.3 
  • Words: 672
  • Essay Grade: no grades
  • Report this Essay
Market reports on India presents the latest report on “Market Forecast and Opportunities on India Oilfield Services up to 2020” http://www.marketreportsonindia.com/energy-utility-market-research-reports-13082/india-oilfield-services-forecast-opportunities.html This report to help industry consultants and oilfield services companies align their market-centric strategies.

05th Nov 2015, – Navi   Mumbai, India: Market reports on India presents the latest report on “Market Forecast and Opportunities on India Oilfield Services up to 2020”. This report provide to Comprising three vital type of services i.e. cementing, direction drilling, hydro fracturing services, drilling services.
Oilfield Services involve a wide range of services that facilitate oil and gas exploration and production (E&P). These services are provided to smoothen the drilling process, thereby eliminating the waste produced during drilling and enhancing the oil recovery process by providing repair and maintenance of bore wells. In India, Gujarat, Rajasthan and Assam account for maximum demand for oilfield services due to large scale oil and gas exploration and production activities being undertaken in these states. Government's decision of auctioning 69 idle oil and gas fields of state-owned ONGC and Oil India to private companies on new revenue sharing model is expected to boost oil and gas E&P over the next five years, which in turn would fuel growth in the country's oilfield services market through 2020.

“India Oilfield Services Market Forecast & Opportunities, 2020”, the country's oilfield services market is projected to surpass US $ 7.8 billion by 2020, on account of anticipated increase in oil and gas E&P activities. Onshore oilfield services segment holds majority share in India's oilfield services market; however, the offshore oilfield services is forecast to exhibit higher growth during 2015 - 2020. Comprising three vital type of services i.e. cementing, direction drilling, hydro...

Comments

Express your owns thoughts and ideas on this essay by writing a grade and/or critique.

  1. No comments