Looking Ahead: Expectations for the 2025 Oilfield Services Market

As we enter the fourth quarter, the focus is shifting toward the 2025 oilfield services market outlook. Macroeconomic and geopolitical uncertainties, along with fluctuating commodity prices, make forecasting especially challenging. However, at Kimberlite, after speaking with over 1,600 qualified operational personnel in the past six months, we’ve gained valuable insight into market sentiment for activity and pricing expectations.

Key Findings from the Kimberlite Index:

• Growth Drivers: The next 12 months will be led by the international land and offshore markets, where pricing is set to drive expenditure increases. The demand for high-end equipment and services remains robust, particularly in product segments where consolidation has created stronger pricing leverage.

• Subsea Strength: Subsea is poised to be the strongest growth area in 2025, driven by both increasing global offshore activity and higher pricing for specialized equipment and services from a consolidated supplier base.

• North American Market: Even in the more challenging North American market, production-related product lines are expected to see expansion.

• Completion vs. Drilling: Internationally, completion activity is expected to outpace drilling, though the more fragmented supplier base makes pricing increases more difficult to achieve.

As the market continues to evolve, the need for efficiency, innovation, and high-end technology will be critical for operators and service companies alike.