South America Oilfield Service Market Forecast to 2028 – COVID-19 Impact and Analysis – by Application (Onshore and Offshore) and Service Type (Well Completion, Wire line, Artificial Lift, Perforation, Drilling and Completion Fluids, and Others)
The oilfield service market in South America (SAM) is expected to grow from US$ 8,077.13 million in 2021 to US$ 10,994.61 million by 2028. It is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
The SAM oilfield service market is propelled by increased exploration and production activities due to the rising energy demand. The rise in urbanization and industrialization and rapid technology improvements have contributed considerably to the market's growth. The upstream portion of the oil and gas business is exploration and production (E&P), and it encompasses the phases of search, exploration, drilling, and extraction. The exploration and production (E&P) sector is the first oil and gas production stage. Production and exploration activities are expanding due to the increased energy demand and profitable investment possibilities in the oil & gas sector.
In addition, recent discoveries in the Americas may increase the region's world-class geography for hydrocarbon development and production in the following years, providing significant new investment possibilities for exploration and production (E&P) firms. Advances include identifying and developing new subsurface potential (for instance, unconventional resources in Argentina and deep-water resources in Brazil) and introducing appealing access and tax regimes to stimulate new investments (for instance, new fiscal terms in Argentina and moves toward non-Petrobras operatorship in Brazil). As a result, the rising production and exploration activities in the oil & gas sector are driving the oilfield service market in this region.
South America Oilfield Service Market Revenue and Forecast to 2028 (US$ Million)
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South America Oilfield Service Market Segmentation
The South America oilfield service market is analyzed on the basis of application, service type, and country. Based on application, the market is bifurcated into onshore and offshore. In 2020, the onshore segment held the largest share in the market.
Based on service type, the market is segmented into well completion, wireline, artificial lift, perforation, drilling and completion fluids, and others. In 2020, the others segment held the largest share in the market
Similarly, based on country, the market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil contributed a substantial share in 2020.
Archer; Baker Hughes Company; Halliburton Energy Services, Inc; NOV Inc; Pioneer Energy Services Corp; Schlumberger Limited; and Weatherford International plc are the leading companies in the South America oilfield service market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Oilfield Service Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. SAM Oilfield Service Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Oil and Gas Production and Exploration (E&P) Activities
5.1.2 Rising Shale Gas Extraction
5.2 Market Restraints
5.2.1 Volatility in Crude Oil Prices
5.3 Market Opportunities
5.3.1 Increasing Demand of Offshore/Deep-Water Discoveries
5.4 Future Trends
5.4.1 Technological Innovation in Oilfield Service
5.5 Impact Analysis of Drivers And Restraints
6. Oilfield Service – SAM Market Analysis
6.1 SAM Oilfield Service Market
6.2 SAM Oilfield Service Market Revenue Forecast and Analysis
7. SAM Oilfield service Market – By Application
7.1 Overview
7.2 SAM Oilfield service Market, By Application (2020 and 2028)
7.3 Onshore
7.3.1 Overview
7.3.2 Onshore: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Offshore
7.4.1 Overview
7.4.2 Offshore: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM Oilfield service Market – By Service type
8.1 Overview
8.2 SAM Oilfield service Market, By Service type (2020 and 2028)
8.3 Well Completion
8.3.1 Overview
8.3.2 Well completion: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Wire line
8.4.1 Overview
8.4.2 Wire line: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Artificial lift
8.5.1 Overview
8.5.2 Artificial lift: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Perforation
8.6.1 Overview
8.6.2 Perforation: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Drilling and Completion Fluids
8.7.1 Overview
8.7.2 Drilling and Completion Fluids: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
9. SAM Oilfield service Market – Country Analysis
9.1 Overview
9.1.1 SAM: Oilfield Service Market, by Key Country
9.1.1.1 Brazil: Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Oilfield Service Market, By Application
9.1.1.1.2 Brazil: Oilfield Service Market, by Service type
9.1.1.2 Argentina: Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Oilfield Service Market, By Application
9.1.1.2.2 Argentina: Oilfield Service Market, by Service type
9.1.1.3 Rest of SAM: Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Oilfield Service Market, By Application
9.1.1.3.2 Rest of SAM: Oilfield Service Market, by Service type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 Archer
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Baker Hughes Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Halliburton Energy Services, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 NOV Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Schlumberger Limited
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Weatherford International plc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Pioneer Energy Services Corp.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. SAM Oilfield Service Market Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM: Oilfield Service Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Oilfield Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Oilfield Service Market, by Service type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Oilfield Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Oilfield Service Market, by Service type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Oilfield Service Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Oilfield Service Market, by Service type – Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Oilfield Service Market Segmentation
Figure 2. SAM Oilfield Service Market Segmentation – By Country
Figure 3. SAM Oilfield Service Market Overview
Figure 4. SAM Oilfield Service Market, By Application
Figure 5. SAM Oilfield Service Market, By Service type
Figure 6. SAM Oilfield Service Market, By Country
Figure 7. SAM – PEST Analysis
Figure 8. SAM Oilfield Service Market- Ecosystem Analysis
Figure 9. SAM Oilfield Service Market Impact Analysis of Drivers and Restraints
Figure 10. SAM Oilfield Service Market Revenue Forecast and Analysis (US$ Million)
Figure 11. SAM Oilfield Service Market Revenue Share, by Application (2020 and 2028)
Figure 12. Onshore: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Offshore: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Oilfield Service Market Revenue Share, by Service type (2020 and 2028)
Figure 15. Well completion: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Wire line: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Artificial lift: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Perforation: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Drilling and Completion Fluids: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: SAM Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM: Oilfield Service Market, by key Country – Revenue (2020) (US$ Million)
Figure 22. SAM: Oilfield Service Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Brazil: Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Argentina: Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of SAM: Oilfield Service Market – Revenue and Forecast to 2028 (US$ Million)
- Archer
- Baker Hughes Company
- Halliburton Energy Services, Inc
- NOV Inc
- Pioneer Energy Services Corp
- Schlumberger Limited
- Weatherford International plc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Oilfield Service Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America Oilfield Service Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving Oilfield Service Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution