The global oilfield service market is expected to decline by 15% in 2020 compared with 2019, Martin Opdal, Consulting Principal, said during a virtual meeting held by the IADC Southeast Asia Chapter on 14 May. This means the firm is projecting approximately $535 billion in oilfield service purchases this year in its base case scenario, compared with $632 billion expected pre-virus outbreak.

Read more, http://www.drillingcontractor.org/rystad-energy-shales-to-be-hardest-hit-this-year-as-oilfield-service-market-falls-by-15-56492

 

 

 

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