Upstream Petrotechnical Training Services Market - Snapshot

Upstream petrotechnical training services are designed to enhance productivity of the petrotechnical industry. The training services offer development opportunities that enhance knowledge, develop skills, and enrich the organization. There are two types of training, operational and domain training. National and independent oil and gas companies offer training to their employees. They offer both internal training services and external training services. In the internal training services, the company itself offers the training and in external training, third party companies provide the training services.The need for training services in the upstream sector is expected to grow over the forecast period in the light of profound technical developments in the field of drilling and completions, including horizontal drilling, extension, and hydraulic fracturing.

upstream petrotechnical training services market

The global market for upstream petrotechnical training services is segmented based on training mode, training type, upstream sector, end-user, and geography. Based on training mode, the market is segmented into training courses, e-learning (third party), and simulator (immersive training). The training courses are further categorized into face-to-face, in-house, and online. In 2017, the training courses segment accounted for largest market share in terms of revenue of the global upstream petrotechnical training services market. Based on training type, the market can be divided into operational and domain training. Domain training accounted for highest market share in 2018 as oil and gas companies need to offer employee training to enhance their skills. Furthermore, technological advancement in the petrotechnical industry increases demand for training in order to adopt new processes. Operational training is classified into information management; and health, safety, and environment (HSE). Domain training is divided into geology & geophysics, petrophysics, surface facilities design and engineering, geomechanics, field operations and management, reservoir engineering, drilling engineering, production engineering, and economics & finance. Operational training segment is expected to expand at a high rate as need for training is continuous withregulations and protocols put in place regularly to monitor unlawful business activities, safety of workers, and environment safety measures. In terms of upstream sector, the market is segmented into exploration, development, and production. The exploration segment dominates the global upstream petrotechnical training services market, and its dominance is expected to continue over the forecast period. According to Occupational Safety and Health Administration (OSHA), workers have suffered injuries during oil and gas extraction. OSHA was established to assure safe and healthy working conditions for employees by setting and enforcing standards and by providing training, outreach, education, and assistance.  Based on end-user, the market is divided into national oil companies and independent oil companies.

North America is estimated to account for the highest share in 2018 in the global upstream petrotechnical training services market.The U.S. is the highest revenue generating country in the global upstream petrotechnical services market. Oil and gas companies in the U.S. are adopting training services due to technological advancement in the petrotechnical industry. Technological advancements have provided opportunities for the oil and gas industry to make the most of hydrocarbon reserves. In Europe, Russia has strong presence in the oil and gas industry. Companies are increasing their training expenditure per employee. For instance, PJSC Rosneft Oil Company, a Russian integrated energy company based in Moscow conducted 5,33,300 man-courses in 2017. In the upstream petrotechnical sector, the company has implemented 868 man-courses. 

This report on the global upstream petrotechnical training services market provides market revenue share analysis of the various vital participants. Some of the key players profiled in the report include The Society of Petroleum Engineers (SPE), International Association of Drilling Contractors (IADC), The European Association of Geoscientists and Engineers (EAGE), The Society of Exploration Geophysicists (SEG), American Petroleum Institute (API), Total S.A., Royal Dutch Shell, Baker Hughes (GE Company), Halliburton, Intertek Group plc., RPS Group PLC, PetroKnowledge, Novomet Group, Aucerna, International Human Resources Development Corporation (IHRDC), and Asia Edge Pte Ltd. (PetroEdge).

Upstream Petrotechnical Training Services Market: Overview 

The upstream petrotechnical training services market report provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the evolution of the global upstream petrotechnical training services market throughout the above mentioned forecast period in terms of revenue (US$ Mn). 

The market overview section of the report demonstrates dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, key market indicators, ecosystem analysis, and pricing analysis. Further, key market indicators included in the report provide the significant factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about the global upstream petrotechnical training services market. A market attractiveness analysis has also been provided for every segment in the report, in order to present a thorough understanding of the overall scenario in the upstream petrotechnical training services market. The report also offers an overview of various strategies adopted by key players in the market. 

Global Upstream Petrotechnical Training Services Market: Scope of the Report

The global market for upstream petrotechnical training services is segmented on the basis of training mode, training type, upstream sector, end-user, and geography. Based on training mode, the market is segmented into training courses, e-learning (third party), and simulator (immersive training). Training courses are further categorized into face-to-face, in-house, and online. In terms of training type, the market can be divided into operational and domain training. Operational training is classified into information management; and health, safety, and environment (HSE). Domain training is divided into geology & geophysics, petrophysics, surface facilities design and engineering, geomechanics, field operations and management, reservoir engineering, drilling engineering, production engineering, and economics & finance. In terms of upstream sector, the market is segmented into exploration, development, and production. Based on end-user, the market is divided into national oil companies and independent oil companies. The report covers the analysis of these segments across North America, Europe, Asia Pacific, Middle East &Africa, and South America, along with the qualitative analysis for market estimates supplementing the growth of the upstream petrotechnical training services market during the forecast period. 

The report also highlights the competitive landscape of the global upstream petrotechnical training services market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the industry. The comprehensive upstream petrotechnical training services market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the growth of the upstream petrotechnical training services market. 

The report provides all the essential information required to understand the key developments in the upstream petrotechnical training services market, and growth trends of each segment and region. It includes strategies of companies, financial information, SWOT analysis, and developments under the company profile section. The report also provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces, namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the upstream petrotechnical training services market. The report also provides a comprehensive ecosystem analysis for the upstream petrotechnical training services market. 

Global Upstream Petrotechnical Training Services Market: Research Methodology

The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, World Bank database, and industry white papers are referred. 

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the upstream petrotechnical training services market across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Primary interviews offer firsthand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel. 

Global Upstream Petrotechnical Training Services Market: Competitive Dynamics

The global upstream petrotechnical training services market report provides company market share analysis of the various key participants. Some of the key players profiled in the report include The Society of Petroleum Engineers (SPE), International Association of Drilling Contractors (IADC), The European Association of Geoscientists and Engineers (EAGE), The Society of Exploration Geophysicists (SEG), American Petroleum Institute (API), Total S.A., Royal Dutch Shell, Baker Hughes (GE Company), Halliburton, Intertek Group plc., RPS Group PLC, PetroKnowledge, Novomet Group, Aucerna, International Human Resources Development Corporation (IHRDC), and Asia Edge Pte Ltd. (PetroEdge).

The upstream petrotechnical training services market has been segmented as below: 

Market Segmentation: Global Upstream Petrotechnical Training Services Market 

Training Mode

  • Training Courses
    • Face-to-face
    • In-house
    • Online
  • E-Learning
  • Simulator (Immersive Training)

 Training Type

  • Operational Training
    • Information Management
    • Health, Safety, and Environment (HSE)
  • Domain Training
    • Geology & Geophysics
    • Petrophysics
    • Surface Facilities Design and Engineering
    • Geomechanics
    • Field Operations and Management
    • Reservoir Engineering
    • Drilling Engineering
    • Production Engineering
    • Economics & Finance

Upstream Sector

  • Exploration
  • Development
  • Production

End-user

  • National Oil Companies
  • Independent Oil Companies 

Geographic segments

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • Indonesia
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Mexico
    • Rest of South America

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