Global Oil & Gas Upstream Activities Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Oil & Gas Upstream Activities Market Report by The Business Research Company covers oil & gas upstream activities market drivers and restraints, oil & gas upstream activities market size, major players, and the impact of COVID-19 on the oil & gas upstream activities market.
The oil and gas upstream activities market consists of sales of crude oil and natural gas by entities (organizations, sole traders or partnerships) that undertake the pre-refining activities of crude oil and natural gas production. The oil and gas upstream activities market is segmented into crude oil, natural gas, oil and gas wells drilling services and oil and gas supporting activities.
Oil and gas extraction companies around the world are investing heavily in digital oilfield technology to enhance oil and gas production. Digital oil fields integrate advanced software, hardware, and data analysis techniques to collect real-time data from the oilfield.
The global oil & gas upstream activities market is expected to grow from $2635.45 billion in 2020 to $3335.52 billion in 2021 at a compound annual growth rate (CAGR) of 26.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4243.14 billion in 2025 at a CAGR of 6%.
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Some oil & gas upstream activities market trends include oil and gas wells drilling service providers using seismic technology to map and interpret potential hydrocarbon reserves. 4D seismic technology is used to track the change in the physical properties of the reservoir rocks which are caused due to changes in reservoir pressure, temperature and fluid saturation. It tracks these changes by repeating 3D seismic surveys over time-to-time to create a time-lapse or 4D seismic image. These technology works as a tool to minimize drilling risk and maximize the return on investment.
Global oil & gas upstream activities market segments include:
1) By Type: Crude Oil, Natural Gas, Oil And Gas Wells Drilling Services, Oil And Gas Supporting Activities.
Subsegments Covered: Onshore Drilling Services, Offshore Drilling Services, Well Maintenance, Exploration, Well Developing.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Oil & Gas Upstream Activities Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides oil & gas upstream activities market overviews, analyzes and forecasts market size, share, oil & gas upstream activities market players, oil & gas upstream activities market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The oil & gas upstream activities market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Oil & Gas Upstream Activities Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Saudi Aramco, Rosneft, Kuwait Petroleum Corporation, ADNOC, Iraq Ministry of Oil.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Oil & Gas Upstream Activities Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Oil & Gas Upstream Activities Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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