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Mideast oilfield market to top $13bn

17 Nov 2015

Higher exploration and production expenditure is likely to drive the oilfield services market in the Middle East to record revenues worth $13.4 billion by 2019, a report said.

The drilling services industry demonstrated strong fundamentals, a well-built growth and increased activity compared to any other region in the world during the last few years.

The demand for drilling services is up, with unexplored reserves in onshore as well as offshore oil fields. Services like directional drilling, land drilling, offshore drilling, well service and work over are becoming essence.