Onshore pipeline installations have dropped dramatically in recent years, with the industry badly impacted by public opposition, political decisions and depressed oil and gas (O&G) prices.
In this tenth edition of the ‘World Land Drilling Rig Market Forecast’ report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.
The latest drilling & well services (DWS) report has been released, with spend forecast to increase year-on-year, reaching $213bn by 2025.
The latest drilling & well services (DWS) report has been released, with spend forecast to increase year-on-year, reaching $213bn by 2025.
The report covers the historic period of 2014-2019, wherein the land drilling rig market was severely impacted by the reduction in drilling activity seen during the previous downturn, particularly in the North American market.
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