Oilfield Equipment Rental Market in the Middle East 2015-2019

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The extraction of oil and gas requires a wide range of oilfield equipment. These equipment are usually rented by oil and gas operators to lower their capital expenditure. Increase in oil and gas exploration, especially development of unconventional reserves, is expected to result in the growth of the oilfield equipment rental market. Oilfield rental equipment can be classified into drilling equipment, well completion equipment, and well intervention equipment based on the stage at which they are used during exploration and production.

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Technavio's analysts forecast the oilfield equipment rental market in the Middle East to grow at a CAGR of 12.43% in terms of revenue over the period 2014-2019.

Covered in this Report

Technavio's report, Oilfield Equipment Rental Market in Middle East 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the oilfield equipment rental market in the Middle East and its growth prospects in the coming years. The report also includes segmentation based on equipment type and application. The report also includes a discussion about the key vendors operating in this market.

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Key Vendors

FMC Technologies

Schlumberger

Superior Energy Services

Tasman Oil Tools

Weatherford International

Other Prominent Vendors

Aos Orwell

Basic Energy Services

Chesapeake Oilfield Services

Ensign Energy Services

Greene's Energy Group

Key Energy Services

Oil States International

Precision Drilling

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