Global Upstream Petrotechnical Training Service Market was valued at USD 893.22 Million in 2021 and is expected to reach USD 1388.05 Million by the year 2028, at a CAGR of 6.5%.

Upstream industries include oil and gas exploration process and surface production limited to underground deposits. As oil prices fluctuate, upstream companies are focusing on reducing exploration and production costs. Fluctuating oil prices are forcing oil companies to use innovative technologies such as big data and industrial IoT to accelerate and scale their business growth. Upstream petroleum technology training services greatly contribute to increasing the productivity of the petroleum technology industry.

These training services expand your knowledge, develop your skills and create a variety of growth opportunities to help your organization grow. Strong demand for hiring skilled in-house workers from various organizations is expected to drive the growth of the upstream petroleum engineering training services market over the forecast period. In addition, rapid technological advancements and stringent government industry regulations along with personal safety compliance are expected to drive the upstream market for petroleum engineering education services.

The Major Players in The Global Upstream Petrotechnical Training Service Market:

·         IADC

·         EAGE

·         Society of Exploration Geophysicists

·         PetroSkills

·         IFP Training

·         Total

·         Royal Dutch Shell

·         Baker Hughes

·         Halliburton

·         Intertek Group plc

·         RPS Group

·         Petroknowledge

·         Aucerna

·         International Human Resources Development Corporation

·         PetroEdge

·         Petroleum Experts Ltd.

·         HOT Engineering GmbH

·         Petrofac Limited

·         Rigworld Training and others major players.


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Market has segmented the Global Upstream Petrotechnical Training Service Market on the basis of type, application, and region:

By Type:

·         Operational Training

·         Domain Training

By End-User:

·         Independent Oil Companies

·         National Oil Companies

By Regional Outlook (Revenue, USD Billion, 2017 – 2028)

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
  • Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of South America)

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Covid-19 Impact and Recovery Analysis on Industry:

The Organization of Petroleum Exporting Countries, including Russia, and other members, including OPEC, are trying to find a common view on this proposal. At the same time, the COVID-19 pandemic has significantly reduced global demand. In April, the price of Brent crude oil fell below this value. $ 20 a barrel. This is the lowest level since the terrorist attacks of September 11, 2001. It has since returned to over $ 43 a barrel. Crude oil consumption has plummeted due to disruptions in the global supply chain, and many independent oil companies have cut production due to lower demand. However, most of the domestic oil companies mined the product for a short time, causing price volatility in the oil and gas sector. Due to travel restrictions and social distancing regulations, field training appears to be lagging behind, but as restrictions are lifted by the United States, the market for upstream petro-technical training services is expected to gradually grow over the forecast period.

Reasons to purchase the report:

·         Visualize the composition of the Global Upstream Petrotechnical Training Service Market products in terms of Product and application highlighting the critical commercial assets and players.

·         Identify commercial opportunities in the Global Upstream Petrotechnical Training Service Market by analyzing trends and co-development deals.

·         PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Training Mode
 3.3 By End-User

To be continued…….

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