Europe Oilfield Equipment Rental Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe Oilfield Equipment Rental Services Market is segmented by Equipment (Drilling Rigs, Completion and Workover Rigs, Drilling Equipment, Logging Equipment, and Other Equipment) and Geography (United Kingdom, Norway, and the Rest of Europe). The report offers the market size and forecasts in revenue ( USD billion) for all the above segments.

Europe Oilfield Equipment Rental Services Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Oilfield Equipment Rental Services Market Size

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Europe Oilfield Equipment Rental Services Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 3.00 %
Market Concentration Low

Major Players

Europe Oilfield Equipment Rental Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Oilfield Equipment Rental Services Market Analysis

The Europe Oilfield Equipment Rental Services Market is expected to register a CAGR of greater than 3% during the forecast period.

  • Over the medium term, Factors, such as increasing exploration and production activities due to increasing crude oil and natural gas demand, are likely to drive the European oilfield equipment rental services market during the forecast period.
  • On the other hand, volatile oil and gas prices are leading to uncertainty among oil and gas operators, which is likely to restrain the growth of the Europe oilfield equipment rental services market in the coming years.
  • However, advancements in deepwater and ultra-deepwater drilling activities in the region, like Norway and the United Kingdom, are expected to create ample opportunity for the market players in the coming years.
  • Norway is expected to dominate the market, owing to the increased exploration activity in the country, to compensate for declining fields elsewhere.

Europe Oilfield Equipment Rental Services Industry Overview

The European Oilfield Equipment Rental Services Market is partially fragmented, with a number of small and big players in the market. Some of the key players in this market include Transocean LTD, Seadrill Ord Shs, Schlumberger NV, Baker Hughes Co, and Weatherford International plc, among others (not in particular order).

Europe Oilfield Equipment Rental Services Market Leaders

  1. Transocean LTD

  2. Seadrill Ord Shs

  3. Schlumberger NV

  4. Baker Hughes Co

  5. Weatherford International plc

  6. *Disclaimer: Major Players sorted in no particular order
Europe Oilfield Equipment Rental Services Market Concentration
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Europe Oilfield Equipment Rental Services Market News

  • September 2022: Transocean Ltd received drilling contracts for its semi-submersible drilling rig, the Transocean Norge. The contracts were awarded by OMV and Wintershall Dea for 17 wells off the Norwegian coast, of which 11 will be for Wintershall Dea and six for OMV.
  • February 2022: Stena Drilling bagged two contracts from TotalEnergies SE and Petrobras, one each. The contracts are for hiring Stena Drilling's semi-submersible rigs, the Stena Don and Stena Spey, for 80 and 120 days, respectively. Stena Spey will be used in the United Kingdom Continental Shelf.

Europe Oilfield Equipment Rental Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Market Dynamics
    • 4.4.1 Drivers
    • 4.4.2 Restraints
  • 4.5 Supply Chain Analysis
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Bargaining Power of Suppliers
    • 4.6.2 Bargaining Power of Consumers
    • 4.6.3 Threat of New Entrants
    • 4.6.4 Threat of Substitutes Products and Services
    • 4.6.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Equipment
    • 5.1.1 Drilling Rigs
    • 5.1.2 Completion and Workover Rigs
    • 5.1.3 Drilling Equipment
    • 5.1.4 Logging Equipment
    • 5.1.5 Other Equipment
  • 5.2 Geography
    • 5.2.1 United Kingdom
    • 5.2.2 Norway
    • 5.2.3 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Transocean LTD
    • 6.3.2 Seadrill Ord Shs
    • 6.3.3 Valaris Ltd
    • 6.3.4 Noble Corporation PLC
    • 6.3.5 Weatherford International plc
    • 6.3.6 Superior Energy Services Inc.
    • 6.3.7 Schlumberger NV
    • 6.3.8 Baker Hughes Co
    • 6.3.9 Oil States International, Inc.
    • 6.3.10 Halliburton Company
    • 6.3.11 Parker Drilling Co
    • 6.3.12 TechnipFMC PLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Oilfield Equipment Rental Services Industry Segmentation

Oilfield Equipment is used to extract crude oil or natural gas at a large scale from the ground. This equipment is often rented from specialized companies to minimize CAPEX and risk. 

The Europe Oilfield Equipment Rental Services Market is segmented by equipment and geography. By equipment, the market is segmented into drilling rigs, completion and workover rigs, drilling equipment, logging equipment, and other equipment. The report also covers the market size and forecasts for the oilfield equipment rental services market in major countries across the region. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Equipment Drilling Rigs
Completion and Workover Rigs
Drilling Equipment
Logging Equipment
Other Equipment
Geography United Kingdom
Norway
Rest of Europe
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Europe Oilfield Equipment Rental Services Market Research FAQs

What is the current Europe Oilfield Equipment Rental Services Market size?

The Europe Oilfield Equipment Rental Services Market is projected to register a CAGR of greater than 3% during the forecast period (2025-2030)

Who are the key players in Europe Oilfield Equipment Rental Services Market?

Transocean LTD, Seadrill Ord Shs, Schlumberger NV, Baker Hughes Co and Weatherford International plc are the major companies operating in the Europe Oilfield Equipment Rental Services Market.

What years does this Europe Oilfield Equipment Rental Services Market cover?

The report covers the Europe Oilfield Equipment Rental Services Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Europe Oilfield Equipment Rental Services Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Oilfield Equipment Rental Services Industry Report

Statistics for the 2025 Europe Oilfield Equipment Rental Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Oilfield Equipment Rental Services analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.