Upstream Petrotechnical Training Services Market 2021 Reaching US $ 1,315.3 Million By End Of Forecast Period


Upstream petrotechnical training services are designed to improve the productivity of the petrotechnical industry. Training services provide development opportunities that enhance knowledge, develop skills and enrich the organization. There are two types of training, operational training and subject area training. National and independent oil and gas companies provide training for their employees. They offer both internal training services and external training services. In internal training services, the company itself provides training, and in external training, third-party companies provide training services. the field of drilling and completions, including horizontal drilling, extension and hydraulic fracturing.

The global upstream petrotechnical training services market is segmented on the basis of training mode, type of training, upstream industry, end user, and geography. Based on the training mode, the market is segmented into training, e-learning (third party) and simulator (immersive training). The training courses are then classified face-to-face, in-house and online. In 2017, the training course segment accounted for the largest market share in terms of revenue of the global upstream petrotechnical training services market. Based on the type of training, the market can be divided into operational and field training. Training in the field accounted for the highest market share in 2018, as oil and gas companies need to provide training to their employees to improve their skills. In addition, technological advances in the petrotechnical industry increase the demand for training to adopt new processes. Operational training is classified under information management; and health, safety and the environment (HSE). The training of the field is divided into geology and geophysics, petrophysics, design and engineering of surface facilities, geomechanics, field operations and management, reservoir engineering, drilling engineering, production engineering and economics and finance. The operational training segment is expected to grow at a high rate as the need for training is ongoing with regulations and protocols regularly put in place to monitor illegal business activities, worker safety and environmental 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 during the forecast period. According to the Occupational Safety and Health Administration (OSHA), workers have suffered injuries while extracting oil and gas. OSHA was created to ensure safe and healthy working conditions for employees by setting and enforcing standards and providing training, awareness, education and assistance. Based on the end user, the market is divided into national oil companies and independent oil companies.

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North America is estimated to have the highest share in 2018 in the global upstream petrotechnical training services market. The United States is the most revenue-generating country in the global upstream petrotechnical services market. Oil and gas companies in the United States are adopting training services due to technological advancements in the petrotechnical industry. Advances in technology have enabled the oil and gas industry to make the most of hydrocarbon reserves. In Europe, Russia has a strong presence in the oil and gas industry. Companies are increasing their training spending per employee. For example, PJSC Rosneft Oil Company, an integrated Russian energy company based in Moscow, organized 5 33,300 man courses in 2017. In the upstream petrotechnical sector, the company set up 868 man courses.

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This report on Global Upstream Petrotechnical Training Services Market provides market revenue share analysis of various critical participants. Some of the major players described in the report include the Society of Petroleum Engineers (SPE), the 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 SA, 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).

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