iran oilfield services market 2021 - brochure
TRANSCRIPT
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Iran Oil f ield S ervices Market By Application, By Type, Competit ion Forecast &
Opportunities , 2011 - 2021
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S. No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. Industry Structure
5. Value Chain of Oilfield Services
6. E&P Cash Flow life Cycle
7. Global Oilfield Services Market Overview
8. Iran Oil & Gas Scenario
9.1. Iran Crude Oil Proved Reserves
9.2. Iran Natural Gas Proved Reserves
9.3. Iran Crude Oil Production & Consumption Trend
9.4. Iran Natural Gas Production & Consumption Trend
9. Iran Oilfield Services Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Application
9.2.2. By Type
9.2.3. By Region
9.2.4. By Company
10. Iran Oilfield Services Market, By Application
10.1. Iran Onshore Oilfield Services Market Size & Forecast
10.1.1. By Value
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10.2. Iran Offshore Oilfield Services Market Size & Forecast
10.2.1. By Value
11. Iran Oilfield Services Market, By Type
11.1. Iran Drilling Services Market Size & Forecast
11.1.1. By Value
11.2. Iran Mud Engineering Services Market Size & Forecast
11.2.1. By Value
11.3. Iran Wireline Services Market Size & Forecast
11.3.1. By Value
11.4. Iran Pressure Pumping Services Market Size & Forecast
11.4.1. By Value
11.5. Iran Cementing Services Market Size & Forecast
11.5.1. By Value
11.6. Iran Oil Country Tubular Goods Services Market Size & Forecast
11.6.1. By Value
11.7. Iran Well Intervention Services Market Size & Forecast
11.7.1. By Value
11.8. Iran Coiled Tubing Services Market Size & Forecast
11.8.1. By Value
11.9. Iran Completion Equipment & Services Market Size & Forecast
11.9.1. By Value
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11.10. Iran Mud Logging Services Market Size & Forecast
11.10.1. By Value
11.11. Iran Drilling Waste Management Services Market Size & Forecast
11.11.1. By Value
12. Technology Development
13. Market Dynamics
13.1. Drivers
13.2. Challenges
14. Pricing Analysis
14.1. Crude Oil Price Forecast
14.2. Natural Gas Price Forecast
15. Policy & Regulatory Landscape
16. Iran Economic Profile
17. Competitive Landscape
17.1. Competition Matrix
17.2. Company Profiles
17.2.1. National Iranian Drilling Company
17.2.2. Well Services Of Iran (Schlumberger Methods)
17.2.3. Mehran Engineering & Well Services
17.2.4. Petro Danial Kish Company
17.2.5. Sea Land Engineering and Well Services
17.2.6. Great Wall Drilling Company Limited
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17.2.7. Overseas Technical Services Kish (LLC)
17.2.8. Dana Energy Company
17.2.9. Wide Pars Energy-Gostar Drilling and Exploration Company(PEDEX)
17.2.10. CNPC Bohai Drilling Engineering Company Limited
18. Strategic Recommendations
19. About Us & Disclaimer
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Companies operating into Oil & Gas, E&P are mainly divided into three segments:
1. Operators
2. EPC Companies (Engineering, Procurement, & Construction)
3. Service Providers
There are different types of services offered by services companies across the value chain of oil & gas sector.
Depending on type of service provided by the companies, the broader classification of services are as follows:
i. Drilling Services (Directional drilling + Hydro fracturing services)
ii. Pressure Pumping Services
iii. Oil Country Tubular Goods (OCTG)
iv. Wireline Services
v. Well Intervention Services
vi. Completion Equipment & Services
vii. Drilling Waste Management Services
viii. Coiled Tubing Services
ix. Cementing Services
x. Mud Engineering Services
xi. Mud Logging Services
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OBJECTIVE: The primary objective of the study is to understand the market scenario for oilfield services market
in Iran.
APPROACH & SOURCES: In order to extract, analyse and project oilfield services market in Iran, both top
down and bottom up approaches have been used. Multiple employees from the following companies have been
interviewed through telephonic and face to face meetings in order to extract and verify collected information.
Companies Interviewed
National Iranian Drilling Company Halliburton Company
Well Services of Iran Schlumberger Middle East SA
Mehran Engineering & Well Services Great Wall Drilling Company Limited
The Ministry of Petroleum, Iran CNPC Bohai Drilling Engineering Company Limited
Overseas Technical Services Kish (LLC) Petro Danial Kish Company
TechSci Research has scrutinized various published documents from following key sources to fill data gaps and
verify information collected through primary research surveys.
Secondary Sources
OPEC Annual Statistical Bulletin 2016 Baker Hughes Rig Count
Iran Economic Outlook by World Bank BP Statistics 2016
International Energy Agency (IEA) Oilfield Services Companies Annual Reports
Rigzone International Association of Drilling Contractors
Oil & Gas Financial Journal Irandrill Information
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The study has been carried out considering various aspects of Iran oilfield services market. In the beginning of
the Iran oilfield services market study, a brief study was conducted to understand each aspect of market
outlook such as drivers, challenges, market trends and various other major factors affecting the market.
Moreover, an in-depth analysis was conducted to understand Iran oilfield services market scenario and to
gauge the competitive scenario.
Afterwards, a detailed scrutiny of applications, types and regional markets for oilfield services market in Iran
was conducted. In order to extract data for Iran oilfield services market, primary research surveys were
conducted with key opinion leaders and oilfield services companies to understand historical and present trends.
However, for forecasting Iran oilfield services market, the following assumptions have been made:
1. Uplifting of sanctions are considered to estimate future demand for Iran oilfield services as uplifting of
sanctions will result in foreign investments, which will bring latest technology and capital to the
country.
2. Growing number of rigs and allocation of more number of projects by new Iran Petroleum Contract
(IPC) would positively influence the market of Iran oilfield services.
3. Attraction of foreign investment is considered due to less E&P cost per barrel and large oil & gas
reserves.
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Considering these assumptions, our dedicated team of industry experts has comprehensively monitored and
analysed various aspects of oilfield services market in Iran. Taking into consideration rising investments in the
country, releasing of frozen capital by the countries, re-entry of Iran into global oil & gas market, increasing
penetration of foreign players post sanction, inception of foreign technology, new IPC policies and regulations,
etc., our team of analysts has provided a prudent analysis of the industry’s performance and forecast a
positive outlook for the industry.
I n d u s t r y B r i e f
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Iran Oilfield Services Market to Grow at CAGR 13% till 2021
According to recently released TechSci Research report “Iran Oilfield Services Market By Application, By Type,Competition Forecast and Opportunities, 2011-2021’’, oilfield services market in Iran is forecast to grow at a CAGR ofover 13% during 2016-2021, on account of increasing oil & gas exploration and production activities in the country so asto meet the growing demand for crude oil from various end-use sectors such as industrial, power plants, fertilizers, citygas distribution and transportation. Oilfield services help smoothen the drilling process by eliminating the wasteproduced during drilling, and assist in repair and maintenance of bore wells.
As of 2015, Iran had the highest success rate of natural gas exploration i.e. 79% in comparison with the global average ofnearly 30% to 35%. Further, uplifting of sanctions and establishment of new cost-effective transit routes, is anticipatedto revive oil & gas production in the country. Few of the leading companies offering oilfield services in Iran are NationalIranian Drilling Company, Well Services of Iran (Schlumberger Methods), Mehran Engineering & Well Services and PetroDanial Kish Company.
Lifting up of the sanctions, along with decline in crude oil prices is a major reason pushing growth in oil & gas E&Pactivities in Iran. In addition, cheaper oil & gas exploration cost in Iran make it a profitable venture for US basedinternational crude oil companies to explore oil in Iran, as the cost to produce a barrel of crude oil in Iran is around$12.90 as compared to around $36.90 in the US. However, in the face of challenges such as geo-political issues,terrorism and chances of imposition of sanctions again, conservative international companies would restrain frominvesting in Iran.
“With the uplifting of sanctions in the mid of January 2016, Iran is undergoing a major positive transformation, which isleading to developmental activities being undertaken in oil & gas sector. Advent of foreign players along with adoptionof foreign technology has resulted in better investment opportunities. With increasing number of nations investing inE&P activities, the country’s oilfield services market is anticipated to grow during 2016-2021. Moreover, release offrozen capital from other nations will lead to rise and development of the economy of Iran; thereby, fuelling growth inmarket for oilfield services in Iran,” said Mr. Laltu Sinha, Manager Research with TechSci Research, a research basedglobal management consulting firm.
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Iran Total Proved Oil Reserves, 2000-
2015 (Thousand Million Barrels)
Source:XXXXXNote: These are dummy figures; please purchase our report for actual data
1
2
3
4
5
6
7
8
9
10
US
Libya
United Arab Emirates
Kuwait
Russian Federation
Iraq
Iran
Canada
Saudi Arabia
Venezuela
1
2
3
4
5
6
7
8
9
10
Algeria
Nigeria
Venezuela
United Arab Emirates
Saudi Arabia
US
Turkmenistan
Qatar
Russian Federation
Iran
Crude Oil Total Proved Reserves, By Volume,
2015 (Thousand Million Barrels)
Natural Gas Total Proved
Reserves, By Volume, 2015
(Trillion Cubic Metres)
50.00%50.00%Onshore
OffShore
Iran Oilfield Services Market Share, By Application (Onshore,
Offshore), By Value, 2015 & 2021F
50.00%
50.00%
Iran Oilfield Services Market Share, By Region, By Volume, 2015 & 2021F
Tabriz Region
2015 : X 2021F : X%
Kermanshah Region
2015 : X%2021F : X%
Mashhad Region
2015 : X%2021F : X%
Tehran Region
2015 : X%2021F : X%
Isfahan Region
2015 : X%2021F : X%
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Iran Proved Gas Reserves, 2000-2015 (Trillion Cubic Meter )
10%
10%
10%
10%
10%10%
10%
10%
10%
5%5%
2015Drilling ServicesMarket
Mud Engineering
Wireline ServicesMarket
PressurePumpingServices MarketCementingServices
5%
5%
10%
10%
10%10%
10%
10%
10%
10%
10%
2021F
Iran Oilfield Services Market Share, By Type, By Value,
2015 & 2021F
R e p o r t O r d e r i n g
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Report Name: Iran Oilfield Services Market By Application, By Type,
Competition Forecast & Opportunities, 2011-2021
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A b o u t U s & D i s c l a i m e r
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