Over the past 20 years, RPI has carried out hundreds of studies on all major segments of the oil and gas industry of Russia, CIS and Eastern Europe.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
The Russian oilfield services market is growing fast, and this growth is fueled by both technology innovation and structural changes in the petroleum industry.
Since the last issue of this report, Russian companies have rapidly increased the scope of applications involving advanced well stimulation and enhanced oil recovery techniques. The beginning of 2013 saw the closing of a mega deal as Rosneft acquired TNK-BP, which made Rosneft the world’s largest petroleum company.
These developments have already affected the makeup and financial performance of the oil services market, and this impact is likely to be felt over the next two to three years. For these reasons RPI has turned its focus back on studying the oilfield services market.
RPI has published studies on the Russian Oilfield Services Market since 2005. The company has been closely following the changing oilfield services market in order to be able to give the readers conclusive results of exhaustive analyses relying on the knowledge base and expertise accumulated.
This version of the report covers activities of a broad range of oil and gas companies. The drilling market analysis section has been updated with details on horizontal drilling techniques and outlook for their application over the next few years. The report showcases several oilfield service market segments, such as cementing and well completion, and MWD/LWD (measuring while drilling/logging while drilling) services. The report offers market size valuations for all of the oilfield services segments it reviewed.
The main sections of the study cover the following:
The proposed projections rely on thorough analysis of the current market risks as linked to the relevant oilfield services market segments, which would enable the oilfield services companies to tailor the study to the needs of their various divisions.
The study might be of interest also to the oil companies as it gives them a better chance to be impartial in analyzing their own operations and get a better idea of the oilfield services market.
The players on the oilfield services market may use the information given in this study to great advantage in making strategic plans, evaluating their own potential impartially and setting the goals for better operations performance.
Since the last issue of this report, Russian companies have rapidly increased the scope of applications involving advanced well stimulation and enhanced oil recovery techniques. The beginning of 2013 saw the closing of a mega deal as Rosneft acquired TNK-BP, which made Rosneft the world’s largest petroleum company.
These developments have already affected the makeup and financial performance of the oil services market, and this impact is likely to be felt over the next two to three years. For these reasons RPI has turned its focus back on studying the oilfield services market.
RPI has published studies on the Russian Oilfield Services Market since 2005. The company has been closely following the changing oilfield services market in order to be able to give the readers conclusive results of exhaustive analyses relying on the knowledge base and expertise accumulated.
This version of the report covers activities of a broad range of oil and gas companies. The drilling market analysis section has been updated with details on horizontal drilling techniques and outlook for their application over the next few years. The report showcases several oilfield service market segments, such as cementing and well completion, and MWD/LWD (measuring while drilling/logging while drilling) services. The report offers market size valuations for all of the oilfield services segments it reviewed.
The main sections of the study cover the following:
- Drilling market, production and well stock analysis;
- Profiles of the major production and drilling projects implemented by the companies;
- Evaluation of the key oilfield services market segments in commodity and financial terms;
- Projections for the development of oilfield services market and its segments from 2013 through 2022.
The proposed projections rely on thorough analysis of the current market risks as linked to the relevant oilfield services market segments, which would enable the oilfield services companies to tailor the study to the needs of their various divisions.
The study might be of interest also to the oil companies as it gives them a better chance to be impartial in analyzing their own operations and get a better idea of the oilfield services market.
The players on the oilfield services market may use the information given in this study to great advantage in making strategic plans, evaluating their own potential impartially and setting the goals for better operations performance.
1 Introduction
2 Key Findings
2.1. Oilfield Services Market Value
2.2. Production drilling
2.3. Exploration drilling
2.4. Cementing
2.5. Workovers
2.6. Enhanced oil recovery
2.6.1. Hydraulic fracturing
2.6.2. Bottomhole zone treatment
2.6.3. Artificial lift optimization
2.7. MWD/LWD activities
3 Oil Production
3.1. Oil production rates
3.2. Key current and potential oil production projects
3.2.1. Bashneft
3.2.2. Gazprom Neft
3.2.3. LUKOIL
3.2.4. Rosneft
3.2.5. RussNeft
3.2.6. Slavneft
3.2.7. Surgutneftegaz
3.2.8. Tatneft
3.2.9. TNK-BP
3.3. Key legislative factors for controlling the oil production industry in the Russian Federation
3.3.1. Legislation
3.3.2. Taxation
3.3.3. The “60-66-90 Tax Regime”
3.3.4. Export duties
3.3.5. Production Sharing Agreement Regime
3.3.6 Proposed changes to the taxation system
4 Drilling and Well Inventories
4.1. Major drilling projects
4.1.1. Bashneft
4.1.2. Gazprom Neft
4.1.3. LUKOIL
4.1.4. Rosneft
4.1.5. RussNeft
4.1.6. Slavneft
4.1.7. Surgutneftegaz
4.1.8. Tatneft
4.1.9. TNK-BP
4.2. Production drilling
4.2.1. Horizontal drilling
4.3. MWD/ LWD
4.3.1. MWD (Measuring While Drilling) market
4.3.2. LWD (Logging While Drilling) market
4.4. Well cementing
4.5. Well inventories
4.6. Workovers
4.7. Exploration drilling
5 Production Stimulation Methods
5.1. Hydraulic fracturing
5.1.1. Hydraulic fracturing on new wells
5.1.2. Hydraulic fracturing on the current declining well stock
5.2. Artificial lift optimization
5.3. Bottomhole zone treatment
6 Market Value
6.1. Total Russian oilfield services market size
6.2. Production drilling
6.1.1. Horizontal drilling
6.3. Exploration drilling
6.4. Well Cementing
6.5. Hydraulic fracturing
6.6. Production stimulation operations
6.7. Workovers
6.8. MWD/LWD
6.9. Other segments
7 Outlook for the Russian Oilfield Services Market from 2012 to 2022
7.1. Forecasting methodology
7.2. Forecast of oil production trends
7.3. Forecast of production drilling trends
7.3.1. Forecast of horizontal drilling scopes
7.4. Forecast of exploration drilling scopes
7.5. Forecast of cementing scopes
7.6. Forecast of hydraulic fracturing scopes
7.7. Forecast of workover scopes
7.8. Forecast of MWD/LWD scopes
7.9. Forecast of production stimulation scopes
2 Key Findings
2.1. Oilfield Services Market Value
2.2. Production drilling
2.3. Exploration drilling
2.4. Cementing
2.5. Workovers
2.6. Enhanced oil recovery
2.6.1. Hydraulic fracturing
2.6.2. Bottomhole zone treatment
2.6.3. Artificial lift optimization
2.7. MWD/LWD activities
3 Oil Production
3.1. Oil production rates
3.2. Key current and potential oil production projects
3.2.1. Bashneft
3.2.2. Gazprom Neft
3.2.3. LUKOIL
3.2.4. Rosneft
3.2.5. RussNeft
3.2.6. Slavneft
3.2.7. Surgutneftegaz
3.2.8. Tatneft
3.2.9. TNK-BP
3.3. Key legislative factors for controlling the oil production industry in the Russian Federation
3.3.1. Legislation
3.3.2. Taxation
3.3.3. The “60-66-90 Tax Regime”
3.3.4. Export duties
3.3.5. Production Sharing Agreement Regime
3.3.6 Proposed changes to the taxation system
4 Drilling and Well Inventories
4.1. Major drilling projects
4.1.1. Bashneft
4.1.2. Gazprom Neft
4.1.3. LUKOIL
4.1.4. Rosneft
4.1.5. RussNeft
4.1.6. Slavneft
4.1.7. Surgutneftegaz
4.1.8. Tatneft
4.1.9. TNK-BP
4.2. Production drilling
4.2.1. Horizontal drilling
4.3. MWD/ LWD
4.3.1. MWD (Measuring While Drilling) market
4.3.2. LWD (Logging While Drilling) market
4.4. Well cementing
4.5. Well inventories
4.6. Workovers
4.7. Exploration drilling
5 Production Stimulation Methods
5.1. Hydraulic fracturing
5.1.1. Hydraulic fracturing on new wells
5.1.2. Hydraulic fracturing on the current declining well stock
5.2. Artificial lift optimization
5.3. Bottomhole zone treatment
6 Market Value
6.1. Total Russian oilfield services market size
6.2. Production drilling
6.1.1. Horizontal drilling
6.3. Exploration drilling
6.4. Well Cementing
6.5. Hydraulic fracturing
6.6. Production stimulation operations
6.7. Workovers
6.8. MWD/LWD
6.9. Other segments
7 Outlook for the Russian Oilfield Services Market from 2012 to 2022
7.1. Forecasting methodology
7.2. Forecast of oil production trends
7.3. Forecast of production drilling trends
7.3.1. Forecast of horizontal drilling scopes
7.4. Forecast of exploration drilling scopes
7.5. Forecast of cementing scopes
7.6. Forecast of hydraulic fracturing scopes
7.7. Forecast of workover scopes
7.8. Forecast of MWD/LWD scopes
7.9. Forecast of production stimulation scopes
Figure 3.1. Oil production in Russia in 2002-2012 by company, thousands of tons per year
Figure 3.2. Annual growth in oil production in Russia in 2008-2012 by company, % growth/decline over the previous year
Figure 3.3. Export duty for crude oil in 2002-2013, $ per ton
Figure 4.1. Annual production drilling by Russian companies in 2002-2012, thousands of meters
Figure 4.2. Relative change in production drilling by Russian VIOCs in 2002-2012, % change year-on-year
Figure 4.3. Annual horizontal drilling by Russian companies in 2002-2012, thousands of meters
Figure 4.4. Relative change in horizontal drilling by Russian companies in 2002-2012, % change year-on-year
Figure 4.5. The number of MWD jobs performed in Russia from 2004 through 2012, ea
Figure 4.6. Relative shares of customers on the Russian MWD market in 2012, jobs, % of total jobs
Figure 4.7. The number of LWD jobs performed in Russia from 2004 through 2012, ea
Figure 4.8. Relative shares of customers on the Russian LWD market in 2012, jobs, % of total jobs
Figure 4.9. The number of cementing jobs performed in the Russian Federation, 2005-2012, ea
Figure 4.10. The number of cementing jobs performed in the Russian Federation by key customer, 2005-2012, ea
Figure 4.11. New production well completions by Russian companies in 2002-2012, ea per year
Figure 4.12. Relative change in the number of production well completions by Russian companies in 2002-2012, % change year-on-year
Figure 4.13. Changes in the production well count in Russian companies in 2002-2012, ea
Figure 4.14. Changes in the producing well count in Russian companies in 2002-2012, ea
Figure 4.15. Well stock utilization by Russian companies in 2002-2012, %
Figure 4.16. Design flow rates from production wells at Russian companies in 2002-2012, tons per day
Figure 4.17. Annual number of workovers completed by Russian companies in 2002-2012, ea
Figure 4.18. Relative shares of individual companies in total Russian workovers completed in 2012, ea, percent of total number of domestic jobs
Figure 4.19. Total cost of workovers completed by Russian companies in 2002-2012, millions of rubles
Figure 4.20. Relative shares of individual companies in the total value of workovers completed nationwide in 2012, millions of rubles, percent of total domestic value of jobs
Figure 4.21. Average cost per workover to Russian petroleum companies in 2002-2012, thousands of rubles
Figure 4.22. Average operating number of workover crews at Russian petroleum companies in 2002-2012, ea
Figure 4.23. Number of workovers per crew at Russian petroleum companies in 2002-2012, jobs/crews
Figure 4.24. Annual exploration meterage drilled by Russian companies in 2002-2012, thousands of meters
Figure 4.25. Relative change in exploration meterage drilled by Russian companies in 2002-2012, percent change year-on-year
Figure 5.1. The number of hydraulic fracturing jobs on new wells performed by Russian companies from 2005 through 2012, ea
Figure 5.2. The number of successful fracs on the current declining well stock performed by Russian companies from 2005 through 2012, ea
Figure 5.3. Overall effectiveness of successful hydraulic fracturing operations on the current declining well stock performed by Russian companies from 2005 through 2012, thousands of tons
Figure 5.4. Per-unit effectiveness of successful hydraulic fracturing operations on the current declining well stock performed by Russian companies from 2005 through 2012, t/well-job
Figure 5.5. Total number of hydraulic fracturing jobs performed by Russian companies from 2005 through 2012, ea
Figure 5.6 The annual number of artificial lift optimization jobs by Russian companies in 2002-2012, ea
Figure 5.7. Relative shares of individual companies in the total number of artificial lift optimizations in Russia in 2012, jobs, percent of total jobs
Figure 5.8. Overall effectiveness of artificial lift optimizations by Russian companies in 2002- 2012, thousands of tons
Figure 5.9. Design efficiency per artificial lift optimization by Russian companies in 2002-2012, tons per year
Figure 5.10. The annual number of bottomhole zone treatments by Russian companies in 2002-2012, ea
Figure 5.11. Relative shares of individual companies in the total number of bottomhole zone treatments in Russia in 2012, jobs, % of total jobs
Figure 5.12. The ratio of the number of completed bottomhole zone treatments to the production well count, by company, units
Figure 5.13. Overall effectiveness of bottomhole zone treatments by Russian companies in 2002-2012, thousands of tons
Figure 5.14. Design per-job efficiency of bottomhole zone treatment by Russian companies in 2002-2012, tons per year
Figure 6.1. Annual total size of the Russian oilfield services market from 2005 through 2012, millions of rubles
Figure 6.2. Relative shares of individual segments of the Russian oilfield services market from 2005 through 2012, % of total market value
Figure 6.3. Relative shares of individual segments of the Russian oilfield services market in 2012, millions of rubles, % of total market value
Figure 6.4. Contribution of individual segments to the overall Russian oilfield services market in 2012, millions of rubles
Figure 6.5. Annual Russian production drilling market value from 2005 through 2012, millions of rubles
Figure 6.6. Annual Russian horizontal drilling market value from 2005 through 2012, millions of rubles
Figure 6.7. Annual Russian exploration drilling market value from 2005 through 2012, millions of rubles
Figure 6.8. Annual Russian primary cementing market value from 2005 through 2012, millions of rubles
Figure 6.9. Annual Russian secondary cementing market value from 2005 through 2012, millions of rubles
Figure 6.10. Annual Russian cementing market value from 2005 through 2012, millions of rubles
Figure 6.11. Annual Russian hydraulic fracturing market value from 2005 through 2012, millions of rubles
Figure 6.12. Annual Russian artificial lift optimization market value from 2005 through 2012, millions of rubles
Figure 6.13. Annual Russian bottomhole zone treatment market value from 2005 through 2012, millions of rubles
Figure 6.14. Annual Russian production stimulation market value from 2005 through 2012, millions of rubles
Figure 6.15. Annual Russian workover market value from 2005 through 2012, millions of rubles
Figure 6.16. Annual total value of MWD-LWD jobs completed in Russia from 2005 through 2012, millions of rubles
Figure 6.17. Annual total value of “other” oilfield services market segments from 2005 through 2012, millions of rubles
Figure 7.1. Forecast of annual oil production in Russia nationwide and in individual regions between 2013 and 2022, million tons
Figure 7.2. Forecast of annual production meters drilled in Russia nationwide and in individual regions between 2013 and 2022, million meters
Figure 7.3. Forecast of annual horizontal production meters drilled in Russia nationwide and in individual regions between 2013 and 2022, million meters
Figure 7.4. Forecast of annual exploration meters drilled in Russia nationwide and in individual regions between 2013 and 2022, thousands of meters
Figure 7.5. Forecast of Russian well cementing operations, 2013-2022, number of jobs
Figure 7.6. Forecast of annual scopes of hydraulic fracturing operations on new wells in Russia between 2013 and 2022, thousands of jobs
Figure 7.7. Forecast of annual scopes of hydraulic fracturing operations on current declining well stock in Russia between 2013 and 2022, thousands of jobs
Figure 7.8. Forecast of total annual scopes of hydraulic fracturing operations in Russia between 2013 and 2022, thousands of jobs
Figure 7.9. Forecast of the annual number of workovers in Russia between 2013 and 2022, thousands of jobs
Figure 7.10. Forecast of the annual number of MWD jobs in Russia from 2013-2022, thousands of jobs
Figure 7.11. Forecast of the annual number of LWD jobs in Russia from 2013-2022, thousands of jobs
Figure 7.12. Forecast of the annual number of bottomhole zone treatment jobs in Russia from 2013-2022, thousands of jobs
Figure 7.13. Forecast of the annual number of artificial lift optimization jobs in Russia from 2013-2022, thousands of jobs
Figure 3.2. Annual growth in oil production in Russia in 2008-2012 by company, % growth/decline over the previous year
Figure 3.3. Export duty for crude oil in 2002-2013, $ per ton
Figure 4.1. Annual production drilling by Russian companies in 2002-2012, thousands of meters
Figure 4.2. Relative change in production drilling by Russian VIOCs in 2002-2012, % change year-on-year
Figure 4.3. Annual horizontal drilling by Russian companies in 2002-2012, thousands of meters
Figure 4.4. Relative change in horizontal drilling by Russian companies in 2002-2012, % change year-on-year
Figure 4.5. The number of MWD jobs performed in Russia from 2004 through 2012, ea
Figure 4.6. Relative shares of customers on the Russian MWD market in 2012, jobs, % of total jobs
Figure 4.7. The number of LWD jobs performed in Russia from 2004 through 2012, ea
Figure 4.8. Relative shares of customers on the Russian LWD market in 2012, jobs, % of total jobs
Figure 4.9. The number of cementing jobs performed in the Russian Federation, 2005-2012, ea
Figure 4.10. The number of cementing jobs performed in the Russian Federation by key customer, 2005-2012, ea
Figure 4.11. New production well completions by Russian companies in 2002-2012, ea per year
Figure 4.12. Relative change in the number of production well completions by Russian companies in 2002-2012, % change year-on-year
Figure 4.13. Changes in the production well count in Russian companies in 2002-2012, ea
Figure 4.14. Changes in the producing well count in Russian companies in 2002-2012, ea
Figure 4.15. Well stock utilization by Russian companies in 2002-2012, %
Figure 4.16. Design flow rates from production wells at Russian companies in 2002-2012, tons per day
Figure 4.17. Annual number of workovers completed by Russian companies in 2002-2012, ea
Figure 4.18. Relative shares of individual companies in total Russian workovers completed in 2012, ea, percent of total number of domestic jobs
Figure 4.19. Total cost of workovers completed by Russian companies in 2002-2012, millions of rubles
Figure 4.20. Relative shares of individual companies in the total value of workovers completed nationwide in 2012, millions of rubles, percent of total domestic value of jobs
Figure 4.21. Average cost per workover to Russian petroleum companies in 2002-2012, thousands of rubles
Figure 4.22. Average operating number of workover crews at Russian petroleum companies in 2002-2012, ea
Figure 4.23. Number of workovers per crew at Russian petroleum companies in 2002-2012, jobs/crews
Figure 4.24. Annual exploration meterage drilled by Russian companies in 2002-2012, thousands of meters
Figure 4.25. Relative change in exploration meterage drilled by Russian companies in 2002-2012, percent change year-on-year
Figure 5.1. The number of hydraulic fracturing jobs on new wells performed by Russian companies from 2005 through 2012, ea
Figure 5.2. The number of successful fracs on the current declining well stock performed by Russian companies from 2005 through 2012, ea
Figure 5.3. Overall effectiveness of successful hydraulic fracturing operations on the current declining well stock performed by Russian companies from 2005 through 2012, thousands of tons
Figure 5.4. Per-unit effectiveness of successful hydraulic fracturing operations on the current declining well stock performed by Russian companies from 2005 through 2012, t/well-job
Figure 5.5. Total number of hydraulic fracturing jobs performed by Russian companies from 2005 through 2012, ea
Figure 5.6 The annual number of artificial lift optimization jobs by Russian companies in 2002-2012, ea
Figure 5.7. Relative shares of individual companies in the total number of artificial lift optimizations in Russia in 2012, jobs, percent of total jobs
Figure 5.8. Overall effectiveness of artificial lift optimizations by Russian companies in 2002- 2012, thousands of tons
Figure 5.9. Design efficiency per artificial lift optimization by Russian companies in 2002-2012, tons per year
Figure 5.10. The annual number of bottomhole zone treatments by Russian companies in 2002-2012, ea
Figure 5.11. Relative shares of individual companies in the total number of bottomhole zone treatments in Russia in 2012, jobs, % of total jobs
Figure 5.12. The ratio of the number of completed bottomhole zone treatments to the production well count, by company, units
Figure 5.13. Overall effectiveness of bottomhole zone treatments by Russian companies in 2002-2012, thousands of tons
Figure 5.14. Design per-job efficiency of bottomhole zone treatment by Russian companies in 2002-2012, tons per year
Figure 6.1. Annual total size of the Russian oilfield services market from 2005 through 2012, millions of rubles
Figure 6.2. Relative shares of individual segments of the Russian oilfield services market from 2005 through 2012, % of total market value
Figure 6.3. Relative shares of individual segments of the Russian oilfield services market in 2012, millions of rubles, % of total market value
Figure 6.4. Contribution of individual segments to the overall Russian oilfield services market in 2012, millions of rubles
Figure 6.5. Annual Russian production drilling market value from 2005 through 2012, millions of rubles
Figure 6.6. Annual Russian horizontal drilling market value from 2005 through 2012, millions of rubles
Figure 6.7. Annual Russian exploration drilling market value from 2005 through 2012, millions of rubles
Figure 6.8. Annual Russian primary cementing market value from 2005 through 2012, millions of rubles
Figure 6.9. Annual Russian secondary cementing market value from 2005 through 2012, millions of rubles
Figure 6.10. Annual Russian cementing market value from 2005 through 2012, millions of rubles
Figure 6.11. Annual Russian hydraulic fracturing market value from 2005 through 2012, millions of rubles
Figure 6.12. Annual Russian artificial lift optimization market value from 2005 through 2012, millions of rubles
Figure 6.13. Annual Russian bottomhole zone treatment market value from 2005 through 2012, millions of rubles
Figure 6.14. Annual Russian production stimulation market value from 2005 through 2012, millions of rubles
Figure 6.15. Annual Russian workover market value from 2005 through 2012, millions of rubles
Figure 6.16. Annual total value of MWD-LWD jobs completed in Russia from 2005 through 2012, millions of rubles
Figure 6.17. Annual total value of “other” oilfield services market segments from 2005 through 2012, millions of rubles
Figure 7.1. Forecast of annual oil production in Russia nationwide and in individual regions between 2013 and 2022, million tons
Figure 7.2. Forecast of annual production meters drilled in Russia nationwide and in individual regions between 2013 and 2022, million meters
Figure 7.3. Forecast of annual horizontal production meters drilled in Russia nationwide and in individual regions between 2013 and 2022, million meters
Figure 7.4. Forecast of annual exploration meters drilled in Russia nationwide and in individual regions between 2013 and 2022, thousands of meters
Figure 7.5. Forecast of Russian well cementing operations, 2013-2022, number of jobs
Figure 7.6. Forecast of annual scopes of hydraulic fracturing operations on new wells in Russia between 2013 and 2022, thousands of jobs
Figure 7.7. Forecast of annual scopes of hydraulic fracturing operations on current declining well stock in Russia between 2013 and 2022, thousands of jobs
Figure 7.8. Forecast of total annual scopes of hydraulic fracturing operations in Russia between 2013 and 2022, thousands of jobs
Figure 7.9. Forecast of the annual number of workovers in Russia between 2013 and 2022, thousands of jobs
Figure 7.10. Forecast of the annual number of MWD jobs in Russia from 2013-2022, thousands of jobs
Figure 7.11. Forecast of the annual number of LWD jobs in Russia from 2013-2022, thousands of jobs
Figure 7.12. Forecast of the annual number of bottomhole zone treatment jobs in Russia from 2013-2022, thousands of jobs
Figure 7.13. Forecast of the annual number of artificial lift optimization jobs in Russia from 2013-2022, thousands of jobs
Feedback
You can ask your question about report or leave your comment in a form below.
* By sending this form you agree with the Privacy policy and Processing of your personal data.