World Oilfield Equipment

SUMMARY

• The world oilfield equipment industry will register moderately healthygains through the mid/latter part of the decade, fueled by further recoveryfrom the global economic slowdown of the early 2000s.
• Economic recovery and expansion will create rising demand for energyproducts, which will result in some firming in crude petroleum prices. This,in turn, will stimulate crude oil exploration and production activity,directly benefitting markets for oilfield machinery and equipment of alltypes.
• In addition, recent and near-term geopolitical developments could havea profound impact on intermediate- to-long term prospects for the oilfieldequipment industry. In particular, ongoing Middle East violence and potentialconflict in Iraq have created uncertainties that could temporarily push upworld crude oil prices, leading to renewed investment in exploration andgenerating demand for related equipment.
• More generally, increasing crude oil production in less traditionalsupplying nations such as Vietnam and the Congo (Brazzaville) -- coupled withongoing modernization of the vast Russian crude oil complex -- portendconsiderable opportunities for suppliers of oilfield machinery and equipmentgoing forward.
• Similarly, numerous of the larger Africa/Mideast suppliers haveambitious plans to raise crude production capacity by mid-decade, which, ifrealized, will stimulate still further demand for equipment.
• By contrast, maturity and declining output of fields located in theUS, UK and elsewhere will work to suppress oilfield equipment markets in thesecountries, although there will be some opportunities in repair/maintenance andenhanced oil recovery activities.
• Despite a fairly brisk pace of acquisition and divestiture activityover the past couple of years or so, further consolidation is expected in theworld oilfield equipment industry going forward, as producers jockey toposition themselves in key geographic growth markets.

Study Coverage

Details on these and other findings are available in the new Freedoniastudy, World Oilfield Equipment. The study provides historical data to2001 as well as forecasts through 2006 and 2011 for oilfield equipment marketsby type (rotary drilling machinery, portable drilling rigs, field productionequipment, pumps and valves, etc.) in 6 regions and 28 countries. It alsopresents market share data and profiles leading manufacturers worldwide,including the likes of ABB, Baker Hughes, Halliburton, Technip and Weatherford.

TABLE OF CONTENTS

• General
• World Economic Outlook
• Recent Economic Performance
• Macroeconomic Outlook
• World Industrial Outlook
• Industrial Output Trends
• Capital Spending/Fixed Investment Trends
• World Petroleum Outlook
• Reserves & Exploration
• Production
• Crude Oil
• Refined Products
• Consumption
• Oil Pricing Patterns
• Alternative Energy Trends
• Oilfield Equipment Cost & Pricing Trends
• Oilfield Technology Trends

• General
• World Oilfield Equipment Markets
• World Oilfield Equipment Production
• Producing Countries
• Products
• Drilling Equipment
• Field Production Machinery
• Pumps & Valves
• Other Machinery & Equipment
• International Trade Flows

• General
• United States
• Canada
• Mexico

• General
• Argentina
• Brazil
• Colombia
• Venezuela
• Other Latin America

• General
• France
• Germany
• Italy
• The Netherlands
• Norway
• United Kingdom
• Other Western Europe

• General
• Russia
• Other Eastern Europe

• General
• Algeria
• Iran
• Iraq
• Kuwait
• Nigeria
• Saudi Arabia
• United Arab Emirates
• Other OPEC Countries
• Non-OPEC Africa/Mideast

• General
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Singapore
• Other Asia/Pacific

• General
• Industry Composition & Market Share
• Product Development & Manufacturing
• Marketing & Distribution
• Financial Requirements
• Mergers, Acquisitions & Industry Restructuring

Preliminary List of Tables/* Charts
each table includes forecasts through 2006 & 2011

1. Summary Table

1. Gross Domestic Product by Region

2. Manufacturing Value Added by Region

3. Fixed Investment by Region

4. World Oil Product Supply/Demand Trends

5. Crude Petroleum Production by Region

* Chart. World Crude Oil Reserves, 2001

* Chart. World Crude Oil Pricing Trends

* Chart. World Oilfield Equipment Pricing Patterns

6. Refined Products Production by Region

7. Refined Products Consumption by Region

8. World Energy Production by Type

9. Real Growth in World Oilfield Equipment Shipments

* Chart. Oilfield Equipment Demand/Crude Oil Production Relationship, 2001

1. World Oilfield Equipment Market by Region

* Chart. World Oilfield Equipment Market by Region, 2001

2. World Oilfield Equipment Shipments by Region

* Chart. World Oilfield Equipment Shipments by Region, 2001

3. World Oilfield Equipment Market by Product

* Chart. World Oilfield Equipment Market by Product, 2001

4. Drilling Equipment Market by Type & Region

5. Field Production Machinery Market by Region

6. Oilfield Pumps/Valves Market by Region

7. Other Oilfield Machinery & Equipment Market by Region

8. Oilfield Equipment Net Exports by Region

* Tables for each region/country include historical data (1992,1996, 2001) plus forecasts (2006, 2011) for the following:

Supply & Demand

Market by Product

1-2. North America

3-4. United States

5-6. Canada

7-8. Mexico

1-2. Latin America

3-4. Argentina

5-6. Brazil

7-8. Colombia

9-10. Venezuela

11-12. Other Latin America

1-2. Western Europe

3-4. France

5-6. Germany

7-8. Italy

9-10. Netherlands

11-12. Norway

13-14. United Kingdom

15-16. Other Western Europe

1-2. Eastern Europe

3-4. Russia

5-6. Other Eastern Europe

1-2. Africa/Mideast

3-4. Algeria

5-6. Iran

7-8. Iraq

9-10. Kuwait

11-12. Nigeria

13-14. Saudi Arabia

15-16. United Arab Emirates

17-18. Other OPEC Countries

19-20. Non-OPEC

1-2. Asia/Pacific

3-4. Australia

5-6. China

7-8. India

9-10. Indonesia

11-12. Japan

13-14. Malaysia

15-16. Singapore

17-18. Other Asia/Pacific

* Chart. World Oilfield Equipment 2001 Market Share by Company

1. Selected Strategic Partnerships

2. Selected Acquisitions & Divestitures

3. Selected Oilfield Equipment Manufacturers Revenue Data, 2001