The Russian oilfield services market is growing fast

The Russian oilfield services market is growing fast, and this growth is fueled by both technology innovation and structural changes in the petroleum industry.Since the last issue of this report, Russian companies have rapidly increased the scope of applications involving advanced well stimulation and enhanced oil recovery techniques. The beginning of 2013 saw the closing of a mega deal as Rosneft acquired TNK-BP, which made Rosneft the world’s largest petroleum company.These developments have already affected the makeup and financial performance of the oil services market, and this impact is likely to be felt over the next two to three years. For these reasons RPI has turned its focus back on studying the oilfield services market.RPI has published studies on the Russian Oilfield Services Market since 2005. The company has been closely following the changing oilfield services market in order to be able to give the readers conclusive results of exhaustive analyses relying on the knowledge base and expertise accumulated. The drilling market analysis section has been updated with details on horizontal drilling techniques and outlook for their application over the next few years. The report showcases several oilfield service market segments, such as cementing and well completion, and MWD/LWD (measuring while drilling/logging while drilling) services. The report offers market size valuations for all of the oilfield services segments it reviewed.
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