Africa Oilfield Services Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Africa oilfield services market is expected to grow at a CAGR of over 2% during the forecast period of 2020 – 2025. Factors such as increasing exploration and production activities due to increasing crude oil and natural gas demand are likely to drive the Africa oilfield services market during the forecast period. However, volatile oil and gas prices are leading to the uncertainty among oil and gas operators, which is likely to restrain the growth of the Africa oilfield services market in the coming years.
Key HighlightsThe Africa oilfield services market is partially fragmented with several small and big players operating in the market. Some of the key players in this market include Schlumberger Limited, Petrofac Ltd., Weatherford International Plc, Baker Hughes Company, Halliburton Company, among others.
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