Article from Rystad Energy: Shales to be hardest-hit this year as oilfield service market falls by 15%

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.

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