Oil and gas upstream activities market in this report is segmented into crude oil & natural gas, oil and gas wells drilling services, and oil and gas supporting activities.
The top five companies covered are Saudi Aramco, Rosneft OAO, Kuwait Petroleum Corp., ADNOC, and Iraq Ministry of Oil. Saudi Aramco was the largest company in the oil and gas upstream activities market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Oil and Gas Upstream Activities Market Size
The global oil and gas upstream activities market was valued around $3042 billion in 2017. Asia Pacific was the largest region in the oil and gas upstream activities market in 2017, accounting for around 33% of the total market. The USA was the largest country in the market accounting for around 20% of the total market.
Oil and Gas Upstream Activities Market Trend
Companies involved in providing support activities for oil and gas operations are offering self-assembling rigs to reduce operating costs and save time. Self-assembling rigs are automated rigs that can walk at up to 30 feet per hour, rotate 360 degrees, and can be operated with a remote control.
Oil and Gas Upstream Activities Market Segmentation
The oil and gas upstream activities market in this report is segmented into Oil and Gas Supporting Activities, Crude Oil & Natural Gas and Drilling Oil And Gas Wells.
Oil and Gas Supporting Activities companies provide support on a contract or fee basis for upstream oil and gas operations. They carry out activities such as excavating slush pits and cellars, well surveying, running, cutting, pulling casings, tubes, and rods.
Oil and gas wells drilling industry includes companies primarily engaged in drilling oil and gas wells for others on a contract or fee basis. This industry also includes contractors specializing in spudding, drilling, redrilling, and directional drilling.
Crude oil and natural gas extraction industry comprises establishments engaged in crude petroleum and natural gas extraction and natural gas liquid extraction.