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Global spending on oilfield services by segment 2019-2023

The oilfield services industry includes all services associated with the exploration and production of oil and gas. This statitstic depicts the yearly demand forecast by segment from 2019 to 2023. It shows how Covid-19 influenced demand in 2020 compared to 2019. In 2020, total spending is expected to reach approximately 482 billion U.S. dollars, of which the maintenance and operations sector accounts for 167 billion U.S. dollars.

Oilfield service yearly demand forecast by segment worldwide from 2019 to 2023*

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Release date

June 2020



Survey time period

2019 and 2020

Supplementary notes


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