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Russian oilfield services market

Friday, Nov 23, 2012

Research and Markets ( has announced the addition of the "Russian Oilfield Services Market" report to their offering.

In 2010-2011 the Russian oilfield services market was going through a phase of dynamic change and development. The trend originated from the oil and gas market being at a turning point as easy-to-access hydrocarbon reserves were becoming exhausted and the need to develop hard-to-access reserves began to warrant the use of innovative technologies and the most advanced equipment. As the market structure began to change the companies failing to meet the new challenges were leaving it making way for those capable of innovative development.

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 current version of the study as compared to the pervious one covers a broader range of oil and gas companies; the drilling market analysis was complemented by information about horizontal drilling technologies and their prospects for the next few years. For the first time RPI has covered such oilfield services as well cementing and MWD/LWD (telemetry during the course of drilling). The study also contains a financial evaluation of the market segments linked to the oilfield services reviewed.

Source: Business Wire

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