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