The Russian oilfield services market is growing fast, and this growth is fueled by both technology innovation and structural changes in the petroleum industry. Since 2010, as most fields were depleted in Russia’s traditional oil production regions of Western Siberia and Volga-Urals, the oilfield services market has experienced increasing demand for techniques that help boost production from active wells or reactivate idling wells. One of these techniques is sidetracking, and this study focuses on the sidetracking market.
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The Russian oilfield services market is growing fast, and this growth is
fueled by both technology innovation and structural changes in the
petroleum industry. Since 2010, as most fields were depleted in Russia’s
traditional oil production regions of Western Siberia and Volga-
Urals, the oilfield services market has experienced increasing demand
for techniques that help boost production from active wells or
reactivate idling wells. One of these techniques is sidetracking, and this
study focuses on the sidetracking market.
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The main sections of this report include the following:
• Estimate of the Russian sidetracking market both in physical and
dollar terms
• Summary of major customers’ approaches to the application of the
sidetracking technique and data on their sidetracking jobs completed
from 2005 to 2012
• Assessment of major contractors’ market shares
• Contractor profiles, including productive resources and the number
of jobs completed in recent years
• Forecast of sidetracking market growth in physical terms, broken
down by production region, for 2013 to 2022
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Each contractor profile includes the following elements:
• Company summary
• Operating region(s)
• Primary equipment fleet
• Key customers
• Productive resources (as of year-end 2012)
• Number of sidetracking jobs completed in 2012 and the forecast for
the nearest 10-year period (2012-2022)
• Financial performance (as of year-end 2012).
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The conclusions presented in the report are based on information
provided by companies operating in Russia and its analysis by RPI
analysts.
The Sidetracking report is a one-of-a-kind product that offers all publicly
available marketing information on major companies involved in the
sidetracking market, both customers and contractors. It is a logical
complement to our 2013 report Russian Oilfield Service Sector, and it
further expounds its subject by featuring a new segment of the oilfield
services market.
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This study can be useful to oilfield service providers in formulating a future
growth strategy that best fits the competitive environment, benchmarking
their own position vis-à-vis market competition and obtaining objective
parameters for performance comparisons.
Apart from oilfield service companies, this report could be of interest to oil
companies, providing them with a more detailed overview of the
companies offering required oilfield services in the sidetracking segment.
Market investors will be able to find data and other inputs useful for
developing their own investment feasibility studies or analyses on
mitigation of future investment risks.
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1. Introduction
2. Key conclusions
3. Trends and growth factors for the Russian sidetracking market
4. Sidetracking market size in physical terms
5. Sidetracking market size in dollar terms
6. Distinctive features of the use of sidetracking by individual
customer companies
7. Profiles of major contractors
8. Growth forecast for the sidetracking market to 2022
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