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

The report covers Oilfield Services Companies in Europe and the market is segmented by Service Type (Drilling Services, Completion Services, Production and Intervention Services, and Other Service Types), Location of Deployment (Onshore and Offshore), and Geography (Russia, UK, Norway, and the Rest of Europe).

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

Europe Oilfield Services Market Size

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Europe Oilfield Services Market - Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 5.00 %
Market Concentration Medium

Major Players

Europe Oilfield Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Oilfield Services Market Analysis

The Europe Oilfield Services Market is expected to register a CAGR of greater than 5% during the forecast period.

  • The offshore segment is expected to witness significant growth during the forecast period owing to increased oil and gas acreage development activities in the region.
  • The emergence of new technologies such as digitalization and automation, new drilling methods, and next-generation electric fracking methods are expected to provide opportunities to the players involved in the market soon.
  • Norway is expected to witness significant growth during the forecast period. The region has been witnessing significant crude oil exploration and production activity lately.

Europe Oilfield Services Industry Overview

The European oilfield services market is moderately consolidated. Some of the major players involved in the market are Schlumberger Limited, Baker Hughes Company, Weatherford International PLC, Transocean Ltd, and Halliburton Company.

Europe Oilfield Services Market Leaders

  1. Halliburton Company

  2. Transocean Ltd

  3. Baker Hughes Company

  4. Weatherford International PLC

  5. Schlumberger Limited

  6. *Disclaimer: Major Players sorted in no particular order
Market Concentration-Europe Oilfield Services Market.png
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Europe Oilfield Services Market News

  • In April 2021, Halliburton signed an 8-year contract with the Norwegian Petroleum Directorate to deploy and operate Diskos, the Norwegian national repository of seismic, well, and production data for the oil and gas industry.
  • In January 2021, Safe Influx Ltd, a provider of Automated Well Control solutions, received a patent from the UK Patent Office, covering its Automated Well Control technology. This patent secured the ability of the Automated Well Control to detect the presence of a fluid influx condition in a wellbore, make a decision against the criteria for a shut-in, and then automatically initiate an initial well control protocol that results in the well being safely shut-in. The system enables fast identification, decision-making, and reaction to well control events.

Europe 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, untill 2027
  • 4.3 Crude Oil and Natural Gas Production and Forecast, untill 2027
  • 4.4 Onshore and Offshore Active Rig Count, untill 2021
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.2 Restraints
  • 4.8 Supply Chain Analysis
  • 4.9 Porter's Five Forces Analysis
    • 4.9.1 Bargaining Power of Suppliers
    • 4.9.2 Bargaining Power of Consumers
    • 4.9.3 Threat of New Entrants
    • 4.9.4 Threat of Substitutes Products and Services
    • 4.9.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Services Type
    • 5.1.1 Drilling Services
    • 5.1.2 Completion Services
    • 5.1.3 Production and Intervention Services
    • 5.1.4 Other Services
  • 5.2 Location of Deployment
    • 5.2.1 Onshore
    • 5.2.2 Offshore
  • 5.3 Geography
    • 5.3.1 Russia
    • 5.3.2 Norway
    • 5.3.3 United Kingdom
    • 5.3.4 Rest of Europe

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 Limited
    • 6.3.2 Baker Hughes Company
    • 6.3.3 Weatherford International PLC
    • 6.3.4 Halliburton Company
    • 6.3.5 Transocean Ltd
    • 6.3.6 Expro Group
    • 6.3.7 Saipem SpA
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Oilfield Services Industry Segmentation

The Europe oilfield services market report includes:

Services Type Drilling Services
Completion Services
Production and Intervention Services
Other Services
Location of Deployment Onshore
Offshore
Geography Russia
Norway
United Kingdom
Rest of Europe
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Europe Oilfield Services Market Research FAQs

What is the current Europe Oilfield Services Market size?

The Europe Oilfield Services Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Europe Oilfield Services Market?

Halliburton Company, Transocean Ltd, Baker Hughes Company, Weatherford International PLC and Schlumberger Limited are the major companies operating in the Europe Oilfield Services Market.

What years does this Europe Oilfield Services Market cover?

The report covers the Europe Oilfield Services Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Oilfield Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Oilfield Services Industry Report

Statistics for the 2025 Europe Oilfield Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe 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.