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World Oilfield exhibits Equipment Market demand to grow 5% annually through 2012The world oilfield equipment market is projected to increase 5.0 percent peryear through 2012 to $70 billion Brooks&Dunn tickets – wikipedia . This will represent a significant decelerationfrom the 2002-2007 pace, when persistently high global oil and gas prices andrapid economic development in China and India combined to create a highlyconducive environment for worldwide oil and gas drilling activity. The globaleconomic slowdown and reduction in crude oil prices as of late 2008 will mostlikely also dampen oil and gas equipment sales for much of 2009 Brooks&Dunn concert tickets – cmt . Nevertheless,growth should remain strong between 2010 and 2012, as heavily populated Chinaand India continue to recover from a temporary slowdown and post robust economicgrowth. Rapid growth expected in developing countriesThe most rapid growth in oilfield equipment demand through 2012 will occur inthe rapidly growing oil producing countries of the developing world, includingemerging oil suppliers in West Africa, Latin America and southeast Asia, whichdo not presently comprise particularly large markets, but hold significantpotential. In addition, ongoing modernization of the vast Russian crude oilcomplex — as well as those of other former Soviet states such as Azerbaijan andKazakhstan — will open up considerable opportunities for suppliers of oilfieldmachinery and equipment going forward.

Iraq`s oil and gas sector will alsoregister strong growth as the country recovers from war . By contrast, maturity and declining output of fields located in the US, Mexico,the UK, Norway and elsewhere will work to suppress oilfield equipment markets inthese countries, although there will be some opportunities in repair/maintenanceand enhanced oil recovery activities . Finally, any number of countries in boththe developed and developing worlds hold favorable prospects for natural gasproduction, which will stimulate some demand for oilfield machinery andequipment Brooks&Dunn – cmt . Additionally, if prospects for oil and gas remain favorable, drillingactivity for coal bed methane (CBM) and oil sands will continue to expand,especially in Canada, the US, Venezuela and China . In stark contrast to demand, oilfield equipment manufacture is concentratedheavily in the industrialized nations of North America, Western Europe and theAsia/Pacific region, which boast signifi- cant expertise in higher value-addedindustrial machinery production capability. The US is by far the major globalsupplier, with China also becoming important.

Although multinational firms thatdominate the world oilfield equipment industry will continue to incrementallyshift manufacturing capacity to fastgrowing developing markets, most productionwill continue to occur in more industrialized nations . Study coverageThis new industry study, World Oilfield Equipment, presents historical data plusforecasts for 2012 and 2017 for oilfield equipment supply and demand, as well asmarket by product, in six regions and 23 countries . The study also considersmarket environment factors, evaluates company market share and profiles 33global competitors INTRODUCTIONI EXECUTIVE SUMMARYII Brooks&Dunn tickets . MARKET ENVIRONMENTGeneral World Economic Overview Recent Historical Trends Macroeconomic Outlook World Demographic Outlook World Manufacturing Outlook World Oil and Gas Outlook World Petroleum Outlook Reserves and Exploration Production Pricing Patterns World Natural Gas Outlook Reserves and Exploration Production Pricing Patterns Oilfield Services Overview Oilfield Equipment Pricing Trends Environmental and Regulatory Issues III .

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