Halliburton Continues to Lead Cementing Services Market
Halliburton continues to lead worldwide market share for cementing services with approximately 37% market share (down from 41% in 2016) followed closely by Schlumberger with 30% market share (down slightly from 31% market share in 2016).
Kimberlite Oilfield Research recently updated the 2017 cementing services report based on interviews with 279 cementing customers worldwide. The 2017 report is a follow-up to the 2016 report based on interviews with 270 customers worldwide.
The US land cementing services market is the most fragmented market evaluated in the report with approximately 24 different cementing services suppliers being cited as used among the oil & gas operators interviewed. Halliburton and Schlumberger represent a combined market share of approximately 58% in the US land market and the balance 42% market share is comprised by many smaller independent cementing services suppliers of which BJ Services represents the largest of the independent suppliers with approximately 14% market share.
Competitively, the smaller independent cementing services suppliers are viewed as delivering the best value in the US land market among the oil & gas operators interviewed.
Internationally, the market for cementin