Albany, NY -- (ReleaseWire) -- 07/23/2014 -- The report titled ‘Iraq Drilling and Oilfield Services Industry Outlook to 2018 – Rising Crude Oil Production and Oil Revenue to Spur Growth’ presents a comprehensive analysis of the drilling and oilfield services industry, including market size of the drilling industry in Iraq by value in both southern and northern regions of Iraq. Additionally, the market size of the drilling industry in Iraq has also been identified on the basis of number of completed wells, producing wells and active rigs. The market size of oilfield services industry has been determined by value in both the southern and northern regions of Iraq along with the market segmentation by different types of services such as reservoir and seismic services, engineering and fabrication services, operations and others. The report also entails a detailed description on the recent trends and developments in the market, government regulations and competitive scenario of major operators and major service providers in the industry along with providing market share of major companies in the overall market.
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Iraq drilling industry plays a very important role in building the nation’s economy since 95.0% of the government’s income is derived from Iraq’s oil revenue. The drilling industry in Iraq has evolved significantly from a highly centralized economy with small investments from the private sector to a market driven economy. The Iraqian drilling industry has showcased double digit growth reaching to USD million in 2013 at a CAGR of 57.6% since 2008. The southern region of Iraq has a concentration of super-giant fields such as Rumaila and Zubair and the size of drilling industry in this region grew from USD million in 2008 to USD million in 2013, at a CAGR of % from 2008-2013. Additionally, the Iraqi Kurdistan drilling industry over the years has showcased growth from USD million in 2008 to USD million in 2013, thus reaching at a CAGR of % during the period.
Key Topics Covered in the Report:
The market size of the drilling industry in the southern and northern regions of Iraq in terms of value in the last six years (2008 – 2013)
The market size of overall drilling industry in Iraq in terms of number of completed wells, producing wells and active rigs in the last six years (2008 – 2013)
The market size of oilfield services industry in the southern and northern region of Iraq by value in the last six years (2008-2013)
Iraq oilfield services industry segmentation by type of services including reservoir & seismic, exploration & production drilling, engineering, fabrication & installation, operation and decommissioning services.
Market share of major operators and service providers and company profiles of the major brands and players operating in the drilling and oilfield services industry in Iraq
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