United States Oilfield Services (Onshore, Offshore) Industry Report 2023-2028 - Remote Operation and Robotic Rigs Transform Offshore Oil Resource Developments

Key Facts

The factors driving the market are increased development of gas reserves, rising deep-water projects, and growing exploration and production of oil & gas.
Oilfield services include all the services necessary to construct, complete and produce oil & gas wells for the extraction of petroleum.
Operators from the largest national oil corporations to the smallest independents, rely on these businesses as the primary source of equipment and experience to advance technological innovation and enhance field performance in a variety of economic environments.
The oil and gas industry's production and exploration operations are growing, which means that the equipment is being utilized more and is requiring maintenance due to wear and tear.