Global Upstream Petrotechnical Training Service Market Overview

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%.

The upstream industry involves the process of oil and gas exploration and surface production trapped in underground deposits. Fluctuations in crude oil prices, upstream companies are focusing on exploration and reduction of production costs. Fluctuations in oil prices are forcing oil companies to evolve by accelerating business growth with innovative technologies such as big data and industrial IoT. Upstream oil technology training services contribute significantly to improving the productivity of the oil technology industry. These training services create a variety of growth opportunities to expand knowledge, develop skills and develop the organization. High demand from various organizations to hire skilled workers in their company is expected to impact the growth of the upstream petroleum technology training services market over the forecast period. In addition, rapid technological advances and strict government regulations, and personal safety-related compliance in these industries are expected to drive the growth of the upstream petroleum technology training services market. In addition, a strong presence in the oil and gas industry and large spending on R & D should have a positive impact on market growth. In addition, increased drilling activity is expected to create tremendous demand for upstream petrochemical training services and drive growth in the Upstream Petrochemical Training Service Market.

Upstream Petrotechnical Training Service Market

Market Dynamics And Factors For Upstream Petrotechnical Training Service Market

Drivers:

Rising need for skilled workers in the field of upstream petrochemicals and oil extraction from all over the world creating a demand for Upstream Petrotechnical Training services. Leading companies in the sector have stepped in to provide domain-specific training, service, and solution for upstream companies to transform their business operation with highly skilled workers and employees to create competitiveness in the market. Upstream companies have a certain standard regarding the skill set for the on and off-field workers due to technicality, health, and safety concerns provided by the surrounding of the workspace. Upstream Petrotechnical Training Services help to generate a capable workforce in the gas, oil, and petrochemical sector by addressing the crucial shortfalls in technical training with extensive methods of training and development.

Increased R & D spending and a strong presence in the oil and gas industry are also expected to drive growth in the global upstream petrochemical training services market over the next few years. However, rising training costs, lower return on investment for companies, and the high resources needed to customize e-learning services could limit the growth of the global petrochemical upstream training market over the next few years. Similarly, the increasing safety concerns and complexity faced by team collaboration software can challenge the growth of the global petrochemical upstream training market. The surge in drilling activity could bring significant demand for solutions in the global market for upstream petrochemical training services in the coming years. In addition, increasing R & D investment to introduce improved petrochemical training services will create new and engaging opportunities for players and developers in the global upstream petrochemical training service market in the coming years.

Restraints:

Increased training costs will reduce the organization's return on investment, and the high resources required for e-learning services are expected to be a major constraint on the growth of upstream petroleum technology training services during the above forecast period. Increasing security concerns and the complexity of aligning team collaboration software with business goals can question the growth of the upstream petroleum engineering training services market during the forecast period.

Opportunities:

Players in the world's upstream petrochemical training services market are developing innovative real-world simulation experiences with training services and modules that can effectively train the petrochemical industry's workforce. Simulation-based training techniques, tools, and strategies can be used to design structured learning experiences and adjust teamwork skills.  OilSim learning simulator from NExT Schlumberger is an upstream learning simulator that guides the user throughout the exploration and production business process, from block acquisition to development, production, and abandonment. In this innovative and interactive training method, participants are divided into teams and challenge each other to achieve the best results based on strategic choices and decisions in a simulated business environment. This trend is expected to fuel demand momentum in the global petrochemical upstream training services market over the forecast period.

Market Segmentation

Segmentation Analysis of Upstream Petrotechnical Training Service Market

By Training Type, Operational Training is likely to be dominating in the Upstream Petrotechnical Training Service Market. The Operation training segment grows rapidly as the need for training continues as regulations and protocols are regularly introduced to monitor illegitimate business activities, worker safety, and environmental protection measures. The upstream sector consists of various main domains and sub-domains such as geology and geophysics, petrophysics, surface facilities design and engineering, geomechanics, field operations, and management, reservoir engineering, drilling engineering, production engineering, and economics and finance. Each domain requires specific training as well as operational overlook to assure the structured timeline of the course. Hence, it has been a demanding training program in the Upstream Petrotechnical Training Service Market.   

By Training Mode, Training courses are dominating in the Upstream Petrotechnical Training Service Market. Training courses are an integral part for upstream companies to ensure the qualified employee is deployed on the petroleum plat or other related site. Growing oil drilling and extraction projects globally generate the demand for highly skilled workers who are familiar and technically sound to work in such environments. Specialized companies with end-to-end training solutions covering each domain of the oil and gas industry can provide physical training to the new and existing workforce. Upstream companies are investing heavily into the training and development of the workforce to educate and train for a specific domain by conducting quarterly training courses. Operational and technical training consists face to face training as well as simulator training programs to provide hands-on training. The high cost of simulator training and limited provider creates an inflated training cost of such a new method. Although simulator training creates a major impact on learning and experience, the higher cost of such a program hinders the rate of acceptance of the simulator training program. Therefore, Training courses are likely to be dominating the Upstream Petrotechnical Training Service Market.

By End-User Industry, National oil companies are the dominating in the end-user segment of the Upstream Petrotechnical Training Service Market. The National Oil Company (NOC) is an economic giant. They manage at least $ 3 trillion in assets and produce most of the world's oil and gas. They dominate energy production in some of the world's most oil-rich countries, such as the Islamic Republic of Iran, Mexico, Saudi Arabia, and Venezuela, and play a central role in the oil and gas sector of many emerging producers. Whereas, the independent company focuses on industry segments and is defined as a producer refining crude oil with annual oil and gas retail sales of $ 5 million or less, or an average of 75,000 barrels or less per day.  Therefore, Massive operations from National oil companies all over the world have boosted the Upstream Petrotechnical Training Service Market.

Regional Analysis of Upstream Petrotechnical Training Service Market

North America is estimated to have the largest share of the global market for upstream petroleum technology training services. The United States is the highest-selling country in the global upstream petroleum technology services market. US oil and gas companies provide training services for technological advances in the oil industry. Technological advances have opened up opportunities for the oil and gas industry to maximize hydrocarbon reserves. North America consists of around 746 operational oil rigs which have around 1,27,000 employees who are trained for each specific domain and create high prospects for Upstream Petrotechnical Training Service Market.

In Europe, Russia has a strong presence in the oil and gas industry. Companies increase training costs per employee. Russia is the world's third-largest producer of oil, accounting for more than 12 percent of the world's crude oil production. The country is rich in mineral resources and concentrates its energy production in the oil and gas states of Western Siberia and Volgaural. Russian oil producers Gazprom, Lukoil, and Rosneft are some of the world's leading energy companies. Rosneft is a leader in the domestic market with a majority stake in Rosneft, a company wholly owned by the Russian government. Therefore, the need for training to produce highly skilled employees to run such a large industry creates an opportunity for Upstream Petrotechnical Training Service Market.

Players Covered in Upstream Petrotechnical Training Service Market are:

  • 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.

Covid-19 Impact on Upstream Petrotechnical Training Service Market

Covid-19 has been a major factor that has affected various business verticals. The oil and Gas sector have experienced major slack during a pandemic. Organizations of Petroleum Exporting Countries, including Russia, and other members including OPEC had a hard time finding a common view of this proposal. At the same time, the COVID 19 pandemic has significantly reduced global demand. In April, Brent crude oil prices fell below $ 20 a barrel. This is the lowest level since the 9/11 terrorist attacks on September 11, 2001. Since then, it has rebounded to over $ 43 per barrel. Due to disruption in the global supply chain, the consumption of crude oil has dropped significantly. Many of the independent oil companies had reduced their production due to lower demand. However, most of the national oil companies were pumping up the product during that brief period creating price volatility in the oil and gas sector. Upstream Petrotechnical Training Services have seen mixed demand in the pandemic. Due to travel restrictions and social distancing norms, on-field training has seen substantial slack, however as restrictions are being lifted off Upstream Petrotechnical Training Service Market expected to see gradual growth during the forecasted period.

Key Industry Developments In Upstream Petrotechnical Training Service Market

  • November 2021, Omega Simulation launched a new version of OmegaLand Unified Environment for Dynamic Simulation with Enterprise-scale Plant Operation Training Package for Oil & gas, refining, petrochemicals, chemicals, electric power, water treatment, and beverages.

Global Upstream Petrotechnical Training Service Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 893.22 Mn.

Forecast Period 2022-28 CAGR:

6.5%

Market Size in 2028:

USD 1388.05 Mn.

Segments Covered:

By Type

  • Operational Training
  • Domain Training

By Training Mode

  • Training Courses
  • E-Learning
  • Simulator

By End-User

  • Independent Oil Companies
  • National Oil Companies

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Need For Skilled Workers in the Field

Key Market Restraints:

  • Increased Training Costs Will Reduce the Organization's Return on Investment

Key Opportunities:

  • Development of Innovative Real-World Simulation Experiences With Training Services and Modules

Companies Covered in the report:

  • IADC, EAGE, Society of Exploration Geophysicists, PetroSkills, IFP Training, Total, and Other Major Players

Chapter 1: Introduction
ā€ƒ1.1 Research Objectives
ā€ƒ1.2 Research Methodology
ā€ƒ1.3 Research Process
ā€ƒ1.4 Scope and Coverage
ā€ƒā€ƒ1.4.1 Market Definition
ā€ƒā€ƒ1.4.2 Key Questions Answered
ā€ƒ1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
ā€ƒ3.1 By Type
ā€ƒ3.2 By Training Mode
ā€ƒ3.3 By End-User

Chapter 4: Market Landscape
ā€ƒ4.1 Porter's Five Forces Analysis
ā€ƒā€ƒ4.1.1 Bargaining Power of Supplier
ā€ƒā€ƒ4.1.2 Threat of New Entrants
ā€ƒā€ƒ4.1.3 Threat of Substitutes
ā€ƒā€ƒ4.1.4 Competitive Rivalry
ā€ƒā€ƒ4.1.5 Bargaining Power Among Buyers
ā€ƒ4.2 Industry Value Chain Analysis
ā€ƒ4.3 Market Dynamics
ā€ƒā€ƒ4.3.1 Drivers
ā€ƒā€ƒ4.3.2 Restraints
ā€ƒā€ƒ4.3.3 Opportunities
ā€ƒā€ƒ4.5.4 Challenges
ā€ƒ4.4 Pestle Analysis
ā€ƒ4.5 Technological Roadmap
ā€ƒ4.6 Regulatory Landscape
ā€ƒ4.7 SWOT Analysis
ā€ƒ4.8 Price Trend Analysis
ā€ƒ4.9 Patent Analysis
ā€ƒ4.10 Analysis of the Impact of Covid-19
ā€ƒā€ƒ4.10.1 Impact on the Overall Market
ā€ƒā€ƒ4.10.2 Impact on the Supply Chain
ā€ƒā€ƒ4.10.3 Impact on the Key Manufacturers
ā€ƒā€ƒ4.10.4 Impact on the Pricing

Chapter 5: Upstream Petrotechnical Training Service Market by Type
ā€ƒ5.1 Upstream Petrotechnical Training Service Market Overview Snapshot and Growth Engine
ā€ƒ5.2 Upstream Petrotechnical Training Service Market Overview
ā€ƒ5.3 Operational Training
ā€ƒā€ƒ5.3.1 Introduction and Market Overview
ā€ƒā€ƒ5.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.3.4 Operational Training: Grographic Segmentation
ā€ƒ5.4 Domain Training
ā€ƒā€ƒ5.4.1 Introduction and Market Overview
ā€ƒā€ƒ5.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ5.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ5.4.4 Domain Training: Grographic Segmentation

Chapter 6: Upstream Petrotechnical Training Service Market by Training Mode
ā€ƒ6.1 Upstream Petrotechnical Training Service Market Overview Snapshot and Growth Engine
ā€ƒ6.2 Upstream Petrotechnical Training Service Market Overview
ā€ƒ6.3 Training Courses
ā€ƒā€ƒ6.3.1 Introduction and Market Overview
ā€ƒā€ƒ6.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.3.4 Training Courses: Grographic Segmentation
ā€ƒ6.4 E-Learning
ā€ƒā€ƒ6.4.1 Introduction and Market Overview
ā€ƒā€ƒ6.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.4.4 E-Learning: Grographic Segmentation
ā€ƒ6.5 Simulator
ā€ƒā€ƒ6.5.1 Introduction and Market Overview
ā€ƒā€ƒ6.5.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ6.5.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ6.5.4 Simulator: Grographic Segmentation

Chapter 7: Upstream Petrotechnical Training Service Market by End-User
ā€ƒ7.1 Upstream Petrotechnical Training Service Market Overview Snapshot and Growth Engine
ā€ƒ7.2 Upstream Petrotechnical Training Service Market Overview
ā€ƒ7.3 Independent Oil Companies
ā€ƒā€ƒ7.3.1 Introduction and Market Overview
ā€ƒā€ƒ7.3.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.3.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.3.4 Independent Oil Companies: Grographic Segmentation
ā€ƒ7.4 National Oil Companies
ā€ƒā€ƒ7.4.1 Introduction and Market Overview
ā€ƒā€ƒ7.4.2 Historic and Forecasted Market Size (2016-2028F)
ā€ƒā€ƒ7.4.3 Key Market Trends, Growth Factors and Opportunities
ā€ƒā€ƒ7.4.4 National Oil Companies: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
ā€ƒ8.1 Competitive Landscape
ā€ƒā€ƒ8.1.1 Competitive Positioning
ā€ƒā€ƒ8.1.2 Upstream Petrotechnical Training Service Sales and Market Share By Players
ā€ƒā€ƒ8.1.3 Industry BCG Matrix
ā€ƒā€ƒ8.1.4 Ansoff Matrix
ā€ƒā€ƒ8.1.5 Upstream Petrotechnical Training Service Industry Concentration Ratio (CR5 and HHI)
ā€ƒā€ƒ8.1.6 Top 5 Upstream Petrotechnical Training Service Players Market Share
ā€ƒā€ƒ8.1.7 Mergers and Acquisitions
ā€ƒā€ƒ8.1.8 Business Strategies By Top Players
ā€ƒ8.2 IADC
ā€ƒā€ƒ8.2.1 Company Overview
ā€ƒā€ƒ8.2.2 Key Executives
ā€ƒā€ƒ8.2.3 Company Snapshot
ā€ƒā€ƒ8.2.4 Operating Business Segments
ā€ƒā€ƒ8.2.5 Product Portfolio
ā€ƒā€ƒ8.2.6 Business Performance
ā€ƒā€ƒ8.2.7 Key Strategic Moves and Recent Developments
ā€ƒā€ƒ8.2.8 SWOT Analysis
ā€ƒ8.3 EAGE
ā€ƒ8.4 SOCIETY OF EXPLORATION GEOPHYSICISTS
ā€ƒ8.5 PETROSKILLS
ā€ƒ8.6 IFP TRAINING
ā€ƒ8.7 TOTAL
ā€ƒ8.8 ROYAL DUTCH SHELL
ā€ƒ8.9 BAKER HUGHES
ā€ƒ8.10 HALLIBURTON
ā€ƒ8.11 INTERTEK GROUP PLC
ā€ƒ8.12 RPS GROUP
ā€ƒ8.13 PETROKNOWLEDGE
ā€ƒ8.14 AUCERNA
ā€ƒ8.15 INTERNATIONAL HUMAN RESOURCES DEVELOPMENT CORPORATION
ā€ƒ8.16 PETROEDGE
ā€ƒ8.17 PETROLEUM EXPERTS LTD.
ā€ƒ8.18 HOT ENGINEERING GMBH
ā€ƒ8.19 PETROFAC LIMITED
ā€ƒ8.20 RIGWORLD TRAINING
ā€ƒ8.21 OTHERS MAJOR PLAYERS

Chapter 9: Global Upstream Petrotechnical Training Service Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ9.1 Market Overview
ā€ƒ9.2 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ9.2.1 Operational Training
ā€ƒā€ƒ9.2.2 Domain Training
ā€ƒ9.3 Historic and Forecasted Market Size By Training Mode
ā€ƒā€ƒ9.3.1 Training Courses
ā€ƒā€ƒ9.3.2 E-Learning
ā€ƒā€ƒ9.3.3 Simulator
ā€ƒ9.4 Historic and Forecasted Market Size By End-User
ā€ƒā€ƒ9.4.1 Independent Oil Companies
ā€ƒā€ƒ9.4.2 National Oil Companies

Chapter 10: North America Upstream Petrotechnical Training Service Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ10.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.2 Impact of Covid-19
ā€ƒ10.3 Key Players
ā€ƒ10.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ10.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ10.4.1 Operational Training
ā€ƒā€ƒ10.4.2 Domain Training
ā€ƒ10.5 Historic and Forecasted Market Size By Training Mode
ā€ƒā€ƒ10.5.1 Training Courses
ā€ƒā€ƒ10.5.2 E-Learning
ā€ƒā€ƒ10.5.3 Simulator
ā€ƒ10.6 Historic and Forecasted Market Size By End-User
ā€ƒā€ƒ10.6.1 Independent Oil Companies
ā€ƒā€ƒ10.6.2 National Oil Companies
ā€ƒ10.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ10.7.1 U.S.
ā€ƒā€ƒ10.7.2 Canada
ā€ƒā€ƒ10.7.3 Mexico

Chapter 11: Europe Upstream Petrotechnical Training Service Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ11.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.2 Impact of Covid-19
ā€ƒ11.3 Key Players
ā€ƒ11.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ11.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ11.4.1 Operational Training
ā€ƒā€ƒ11.4.2 Domain Training
ā€ƒ11.5 Historic and Forecasted Market Size By Training Mode
ā€ƒā€ƒ11.5.1 Training Courses
ā€ƒā€ƒ11.5.2 E-Learning
ā€ƒā€ƒ11.5.3 Simulator
ā€ƒ11.6 Historic and Forecasted Market Size By End-User
ā€ƒā€ƒ11.6.1 Independent Oil Companies
ā€ƒā€ƒ11.6.2 National Oil Companies
ā€ƒ11.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ11.7.1 Germany
ā€ƒā€ƒ11.7.2 U.K.
ā€ƒā€ƒ11.7.3 France
ā€ƒā€ƒ11.7.4 Italy
ā€ƒā€ƒ11.7.5 Russia
ā€ƒā€ƒ11.7.6 Spain
ā€ƒā€ƒ11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Upstream Petrotechnical Training Service Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ12.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.2 Impact of Covid-19
ā€ƒ12.3 Key Players
ā€ƒ12.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ12.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ12.4.1 Operational Training
ā€ƒā€ƒ12.4.2 Domain Training
ā€ƒ12.5 Historic and Forecasted Market Size By Training Mode
ā€ƒā€ƒ12.5.1 Training Courses
ā€ƒā€ƒ12.5.2 E-Learning
ā€ƒā€ƒ12.5.3 Simulator
ā€ƒ12.6 Historic and Forecasted Market Size By End-User
ā€ƒā€ƒ12.6.1 Independent Oil Companies
ā€ƒā€ƒ12.6.2 National Oil Companies
ā€ƒ12.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ12.7.1 China
ā€ƒā€ƒ12.7.2 India
ā€ƒā€ƒ12.7.3 Japan
ā€ƒā€ƒ12.7.4 Singapore
ā€ƒā€ƒ12.7.5 Australia
ā€ƒā€ƒ12.7.6 New Zealand
ā€ƒā€ƒ12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Upstream Petrotechnical Training Service Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ13.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.2 Impact of Covid-19
ā€ƒ13.3 Key Players
ā€ƒ13.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ13.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ13.4.1 Operational Training
ā€ƒā€ƒ13.4.2 Domain Training
ā€ƒ13.5 Historic and Forecasted Market Size By Training Mode
ā€ƒā€ƒ13.5.1 Training Courses
ā€ƒā€ƒ13.5.2 E-Learning
ā€ƒā€ƒ13.5.3 Simulator
ā€ƒ13.6 Historic and Forecasted Market Size By End-User
ā€ƒā€ƒ13.6.1 Independent Oil Companies
ā€ƒā€ƒ13.6.2 National Oil Companies
ā€ƒ13.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ13.7.1 Turkey
ā€ƒā€ƒ13.7.2 Saudi Arabia
ā€ƒā€ƒ13.7.3 Iran
ā€ƒā€ƒ13.7.4 UAE
ā€ƒā€ƒ13.7.5 Africa
ā€ƒā€ƒ13.7.6 Rest of MEA

Chapter 14: South America Upstream Petrotechnical Training Service Market Analysis, Insights and Forecast, 2016-2028
ā€ƒ14.1 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.2 Impact of Covid-19
ā€ƒ14.3 Key Players
ā€ƒ14.4 Key Market Trends, Growth Factors and Opportunities
ā€ƒ14.4 Historic and Forecasted Market Size By Type
ā€ƒā€ƒ14.4.1 Operational Training
ā€ƒā€ƒ14.4.2 Domain Training
ā€ƒ14.5 Historic and Forecasted Market Size By Training Mode
ā€ƒā€ƒ14.5.1 Training Courses
ā€ƒā€ƒ14.5.2 E-Learning
ā€ƒā€ƒ14.5.3 Simulator
ā€ƒ14.6 Historic and Forecasted Market Size By End-User
ā€ƒā€ƒ14.6.1 Independent Oil Companies
ā€ƒā€ƒ14.6.2 National Oil Companies
ā€ƒ14.7 Historic and Forecast Market Size by Country
ā€ƒā€ƒ14.7.1 Brazil
ā€ƒā€ƒ14.7.2 Argentina
ā€ƒā€ƒ14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Upstream Petrotechnical Training Service Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 893.22 Mn.

Forecast Period 2022-28 CAGR:

6.5%

Market Size in 2028:

USD 1388.05 Mn.

Segments Covered:

By Type

  • Operational Training
  • Domain Training

By Training Mode

  • Training Courses
  • E-Learning
  • Simulator

By End-User

  • Independent Oil Companies
  • National Oil Companies

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rising Need For Skilled Workers in the Field

Key Market Restraints:

  • Increased Training Costs Will Reduce the Organization's Return on Investment

Key Opportunities:

  • Development of Innovative Real-World Simulation Experiences With Training Services and Modules

Companies Covered in the report:

  • IADC, EAGE, Society of Exploration Geophysicists, PetroSkills, IFP Training, Total, and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET COMPETITIVE RIVALRY
TABLE 005. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET THREAT OF NEW ENTRANTS
TABLE 006. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET THREAT OF SUBSTITUTES
TABLE 007. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET BY TYPE
TABLE 008. OPERATIONAL TRAINING MARKET OVERVIEW (2016-2028)
TABLE 009. DOMAIN TRAINING MARKET OVERVIEW (2016-2028)
TABLE 010. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET BY TRAINING MODE
TABLE 011. TRAINING COURSES MARKET OVERVIEW (2016-2028)
TABLE 012. E-LEARNING MARKET OVERVIEW (2016-2028)
TABLE 013. SIMULATOR MARKET OVERVIEW (2016-2028)
TABLE 014. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET BY END-USER
TABLE 015. INDEPENDENT OIL COMPANIES MARKET OVERVIEW (2016-2028)
TABLE 016. NATIONAL OIL COMPANIES MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TYPE (2016-2028)
TABLE 018. NORTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TRAINING MODE (2016-2028)
TABLE 019. NORTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY END-USER (2016-2028)
TABLE 020. N UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TYPE (2016-2028)
TABLE 022. EUROPE UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TRAINING MODE (2016-2028)
TABLE 023. EUROPE UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY END-USER (2016-2028)
TABLE 024. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TYPE (2016-2028)
TABLE 026. ASIA PACIFIC UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TRAINING MODE (2016-2028)
TABLE 027. ASIA PACIFIC UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY END-USER (2016-2028)
TABLE 028. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TYPE (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TRAINING MODE (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY END-USER (2016-2028)
TABLE 032. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TYPE (2016-2028)
TABLE 034. SOUTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY TRAINING MODE (2016-2028)
TABLE 035. SOUTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY END-USER (2016-2028)
TABLE 036. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET, BY COUNTRY (2016-2028)
TABLE 037. IADC: SNAPSHOT
TABLE 038. IADC: BUSINESS PERFORMANCE
TABLE 039. IADC: PRODUCT PORTFOLIO
TABLE 040. IADC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. EAGE: SNAPSHOT
TABLE 041. EAGE: BUSINESS PERFORMANCE
TABLE 042. EAGE: PRODUCT PORTFOLIO
TABLE 043. EAGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. SOCIETY OF EXPLORATION GEOPHYSICISTS: SNAPSHOT
TABLE 044. SOCIETY OF EXPLORATION GEOPHYSICISTS: BUSINESS PERFORMANCE
TABLE 045. SOCIETY OF EXPLORATION GEOPHYSICISTS: PRODUCT PORTFOLIO
TABLE 046. SOCIETY OF EXPLORATION GEOPHYSICISTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. PETROSKILLS: SNAPSHOT
TABLE 047. PETROSKILLS: BUSINESS PERFORMANCE
TABLE 048. PETROSKILLS: PRODUCT PORTFOLIO
TABLE 049. PETROSKILLS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. IFP TRAINING: SNAPSHOT
TABLE 050. IFP TRAINING: BUSINESS PERFORMANCE
TABLE 051. IFP TRAINING: PRODUCT PORTFOLIO
TABLE 052. IFP TRAINING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. TOTAL: SNAPSHOT
TABLE 053. TOTAL: BUSINESS PERFORMANCE
TABLE 054. TOTAL: PRODUCT PORTFOLIO
TABLE 055. TOTAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. ROYAL DUTCH SHELL: SNAPSHOT
TABLE 056. ROYAL DUTCH SHELL: BUSINESS PERFORMANCE
TABLE 057. ROYAL DUTCH SHELL: PRODUCT PORTFOLIO
TABLE 058. ROYAL DUTCH SHELL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. BAKER HUGHES: SNAPSHOT
TABLE 059. BAKER HUGHES: BUSINESS PERFORMANCE
TABLE 060. BAKER HUGHES: PRODUCT PORTFOLIO
TABLE 061. BAKER HUGHES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. HALLIBURTON: SNAPSHOT
TABLE 062. HALLIBURTON: BUSINESS PERFORMANCE
TABLE 063. HALLIBURTON: PRODUCT PORTFOLIO
TABLE 064. HALLIBURTON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. INTERTEK GROUP PLC: SNAPSHOT
TABLE 065. INTERTEK GROUP PLC: BUSINESS PERFORMANCE
TABLE 066. INTERTEK GROUP PLC: PRODUCT PORTFOLIO
TABLE 067. INTERTEK GROUP PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. RPS GROUP: SNAPSHOT
TABLE 068. RPS GROUP: BUSINESS PERFORMANCE
TABLE 069. RPS GROUP: PRODUCT PORTFOLIO
TABLE 070. RPS GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. PETROKNOWLEDGE: SNAPSHOT
TABLE 071. PETROKNOWLEDGE: BUSINESS PERFORMANCE
TABLE 072. PETROKNOWLEDGE: PRODUCT PORTFOLIO
TABLE 073. PETROKNOWLEDGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. AUCERNA: SNAPSHOT
TABLE 074. AUCERNA: BUSINESS PERFORMANCE
TABLE 075. AUCERNA: PRODUCT PORTFOLIO
TABLE 076. AUCERNA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. INTERNATIONAL HUMAN RESOURCES DEVELOPMENT CORPORATION: SNAPSHOT
TABLE 077. INTERNATIONAL HUMAN RESOURCES DEVELOPMENT CORPORATION: BUSINESS PERFORMANCE
TABLE 078. INTERNATIONAL HUMAN RESOURCES DEVELOPMENT CORPORATION: PRODUCT PORTFOLIO
TABLE 079. INTERNATIONAL HUMAN RESOURCES DEVELOPMENT CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. PETROEDGE: SNAPSHOT
TABLE 080. PETROEDGE: BUSINESS PERFORMANCE
TABLE 081. PETROEDGE: PRODUCT PORTFOLIO
TABLE 082. PETROEDGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. PETROLEUM EXPERTS LTD.: SNAPSHOT
TABLE 083. PETROLEUM EXPERTS LTD.: BUSINESS PERFORMANCE
TABLE 084. PETROLEUM EXPERTS LTD.: PRODUCT PORTFOLIO
TABLE 085. PETROLEUM EXPERTS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. HOT ENGINEERING GMBH: SNAPSHOT
TABLE 086. HOT ENGINEERING GMBH: BUSINESS PERFORMANCE
TABLE 087. HOT ENGINEERING GMBH: PRODUCT PORTFOLIO
TABLE 088. HOT ENGINEERING GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. PETROFAC LIMITED: SNAPSHOT
TABLE 089. PETROFAC LIMITED: BUSINESS PERFORMANCE
TABLE 090. PETROFAC LIMITED: PRODUCT PORTFOLIO
TABLE 091. PETROFAC LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. RIGWORLD TRAINING: SNAPSHOT
TABLE 092. RIGWORLD TRAINING: BUSINESS PERFORMANCE
TABLE 093. RIGWORLD TRAINING: PRODUCT PORTFOLIO
TABLE 094. RIGWORLD TRAINING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. OTHERS MAJOR PLAYERS: SNAPSHOT
TABLE 095. OTHERS MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 096. OTHERS MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 097. OTHERS MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY TYPE
FIGURE 012. OPERATIONAL TRAINING MARKET OVERVIEW (2016-2028)
FIGURE 013. DOMAIN TRAINING MARKET OVERVIEW (2016-2028)
FIGURE 014. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY TRAINING MODE
FIGURE 015. TRAINING COURSES MARKET OVERVIEW (2016-2028)
FIGURE 016. E-LEARNING MARKET OVERVIEW (2016-2028)
FIGURE 017. SIMULATOR MARKET OVERVIEW (2016-2028)
FIGURE 018. UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY END-USER
FIGURE 019. INDEPENDENT OIL COMPANIES MARKET OVERVIEW (2016-2028)
FIGURE 020. NATIONAL OIL COMPANIES MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA UPSTREAM PETROTECHNICAL TRAINING SERVICE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Upstream Petrotechnical Training Service Market research report?

The forecast period in the Upstream Petrotechnical Training Service Market research report is 2022-2028.

Who are the key players in 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 Other Major Players.

What are the segments of Upstream Petrotechnical Training Service Market?

Upstream Petrotechnical Training Service Market is segmented into Type, Training Mode, End-User and region. By Type, the market is categorized into Operational Training, Domain Training. By Training Mode, the market is categorized into Training Courses, E-Learning, and Simulator. By End-User, the market is categorized into Independent Oil Companies, National Oil Companies. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Upstream Petrotechnical Training Service Market?

The upstream industry involves the process of oil and gas exploration and surface production trapped in underground deposits. Fluctuations in crude oil prices, upstream companies are focusing on exploration and reduction of production costs. Upstream oil technology training services contribute significantly to improving the productivity of the oil technology industry.

How big is Upstream Petrotechnical Training Service Market?

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%.