More interesting than scaling the current market is to forecast the market going forward, taking into account the aging of existing fields, new discoveries to be made and developed, consequences of trends like increasing unconventional and deep-water developments, etc.
Announcement joining forces to combine their mutual strengths in delivering to the rapidly growing software market in South East Asia.
Many oil service companies want to know how large their market is and how it will develop in future. To substantiate reliable market size numbers for the next years is a difficult task with large uncertainties. In addition, there seems to be different definitions of what “the market” is. The good news is: The market is likely larger than widely assumed.
Rystad Energy is an independent oil and gas consulting services and business intelligence data firm offering global databases, strategy advisory and research products for E&P and oil service companies, investors and governments.