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MarkNtel Advisors recently published a report, titled, ” Saudi Arabia Oilfield Equipment Rental Market By Type (Drilling Equipment, Drill Pipe, Drill Collars, Others (Reamer, etc.), Pressure & Flow Control Equipment, Fishing Equipment, Others (Casing Clean-out, etc.)), By Location (Onshore, Offshore), By Company (Baker Hughes Company, Parker Wellbore, Schlumberger Middle East, Superior Energy Services, Seadrill Ltd., Weatherford International PLC, Nabors Industries Ltd., Certified Oilfield Rentals LLC (COR Middle East), Great Valve General Contracting (GVGC), Others). As per as the report Saudi Arabia Oilfield Equipment Rental market is projected to grow at a CAGR of around 8% during the forecast period, i.e., 2022-27.
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Possible Restraint: Maintenance of Oilfield Equipment Rental on Offshore Platform
The burden of maintaining oilfield equipment over offshore platforms has posed a challenge for the Saudi Arabia Oilfield Equipment Rental market. The equipment, including drill pipes, drill collars, pressure & flow control equipment, etc., require perpetual greasing, polishing, rust-coating, & other maintenances to keep it running smoothly. Therefore, the high cost of maintaining the sizeable fleet of oilfield equipment when the equipment is not in use becomes an additional cost burden for the rental companies to incur.
Leading Companies in Saudi Arabia Oilfield Equipment Rental Market:
Baker Hughes Company, Parker Wellbore, Schlumberger Middle East, Superior Energy Services, Seadrill Ltd., Weatherford International PLC, Nabors Industries Ltd., Certified Oilfield Rentals LLC (COR Middle East), Great Valve General Contracting (GVGC), Others.
Saudi Arabia Oilfield Equipment Rental Market Segmentation:
By Type
-Drilling Equipment
-Drill Pipe
-Drill Collars
-Others (Reamer, etc.)
Pressure & Flow Control Equipment
-Fishing Equipment
-Others (Casing Clean-out, etc.)
By Location
-Onshore
-Offshore.
Get Full Access Of Saudi Arabia Oilfield Equipment Rental Market Report : https://www.marknteladvisors.com/research-library/saudi-arabia-oilfield-equipment-rental-market.html
Key questions answered in the Saudi Arabia Oilfield Equipment Rental Market are:
•What is Saudi Arabia Oilfield Equipment Rental Market?
•What was the market size in 2022?
•What is the growth rate of the Saudi Arabia Oilfield Equipment Rental Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Saudi Arabia Oilfield Equipment Rental Market?
•What segments are covered in the Market?
•Who are the key players in the Saudi Arabia Oilfield Equipment Rental Market?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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