Asia Pacific Oilfield Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers APAC Oilfield Services Companies and the market is segmented by Location of Deployment (Onshore and Offshore), Service Type (Drilling, Completion, Production, and Other Service Types), and Geography (India, China, Indonesia, and Rest of Asia-Pacific). The report offers market size and forecasts in revenue in USD billion for all the above segments.

Asia Pacific Oilfield Services Market Size

Asia-Pacific Oilfield Services Market Summary
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Asia Pacific Oilfield Services Market Analysis

The Asia-Pacific Oilfield Services Market is expected to register a CAGR of greater than 3% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market has reached the pre-pandemic levels.

Over the medium term, factors such as an increase in demand for advanced technology, tools, and equipment to increase the efficiency of exploration and production activities in onshore and offshore areas are expected to drive the market for oilfield services in the Asia-Pacific region.

On the other hand, volatile oil prices over the recent period, owing to the supply-demand gap, geopolitics, and several other factors, have been restraining the growth in the Asia-Pacific oilfield services market.

Nevertheless, oil and gas production demand has always been high, leading to increased offshore exploration activities in Australia, Malaysia, and Indonesia. This, in turn, is expected to act as an opportunity for the market during the forecast period.

China is expected to be the largest market for oilfield services, owing to increased investment to meet the increasing demand for energy in the country.

Asia Pacific Oilfield Services Industry Overview

The Asia-Pacific oilfield services market is fragmented. Some of the major players in the market include Schlumberger Ltd., Baker Hughes Co., Halliburton Co., National Oilwell Varco Inc., and Weatherford International PLC.

Asia Pacific Oilfield Services Market Leaders

  1. Schlumberger Ltd

  2. Baker Hughes Co

  3. Halliburton Co

  4. National Oilwell Varco Inc

  5. Weatherford International plc

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Oilfield Services-CL-Template.jpg
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Asia Pacific Oilfield Services Market News

  • November 2022: Velesto Energy, a Malaysian company, signed an integrated rig, drilling, and completion services deal with Hess Corp. for USD 135 million. The i-RDC is a concept in which integration of drilling rig services, equipment, and in some cases, procurement of materials for drilling and completion services is covered under a single contract between the operator or oil company, as the owner of the project, and a service company, which serves as the i-RDC contractor.
  • October 2022: The Indian Institute of Technology Kharagpur signed an agreement with the Oil & Natural Gas Corporation (ONGC) Limited Institute of Drilling Technology (IDT) to undertake several collaborative R&D projects related to drilling, drilling fluids, cementing fluids, and completion fluids.

Asia Pacific Oilfield Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Location of Deployment
    • 5.1.1 Onshore
    • 5.1.2 Offshore
  • 5.2 Service Type
    • 5.2.1 Drilling
    • 5.2.2 Completion
    • 5.2.3 Production
    • 5.2.4 Other Service Types
  • 5.3 Geography
    • 5.3.1 India
    • 5.3.2 China
    • 5.3.3 Indonesia
    • 5.3.4 Rest of Asia-Pacifc

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Schlumberger Ltd
    • 6.3.2 Baker Hughes Co.
    • 6.3.3 Halliburton Co.
    • 6.3.4 National Oilwell Varco Inc.
    • 6.3.5 Weatherford International PLC
    • 6.3.6 Petrofac Limited
    • 6.3.7 Superior Energy Services Inc.
    • 6.3.8 Expro Group
    • 6.3.9 Archer Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Asia Pacific Oilfield Services Industry Segmentation

The oilfield services business consists of completion and remedial services, fluid services, well servicing, contract drilling, and other well site services for companies engaged in oil and natural gas exploration and production.

The Asia-Pacific oilfield services market is segmented by location of deployment, service type, and geography. By location of deployment, the market is segmented into onshore and offshore. By service type, the market is segmented into drilling, completion, production, and other service types. The report also covers the market size and forecasts for the oilfield services market across major countries in the region. The market size and forecasts for each segment have been done regarding revenue in USD billion.

Location of Deployment Onshore
Offshore
Service Type Drilling
Completion
Production
Other Service Types
Geography India
China
Indonesia
Rest of Asia-Pacifc
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Asia Pacific Oilfield Services Market Research FAQs

What is the current Asia-Pacific Oilfield Services Market size?

The Asia-Pacific Oilfield Services Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Oilfield Services Market?

Schlumberger Ltd, Baker Hughes Co, Halliburton Co, National Oilwell Varco Inc and Weatherford International plc are the major companies operating in the Asia-Pacific Oilfield Services Market.

What years does this Asia-Pacific Oilfield Services Market cover?

The report covers the Asia-Pacific Oilfield Services Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Oilfield Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia Pacific Oilfield Services Industry Report

Statistics for the 2025 Asia-Pacific Oilfield Services market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Asia-Pacific Oilfield Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia Pacific Oilfield Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)