The Russian market of oilfield services in the new economic environment

This article defines the development stages of the Russian market of oilfield services, designates the premises of its development, describes the market structure. The authors discuss the basic tendencies of oilfield services market development under the conditions of the oil price downturn and the sanctions. The prospects of its development are considered. It is concluded that the imposition of sanctions has not led to the increase in the share of Russian companies on the domestic market of oilfield services, and in the future it will lead to changes in its structure (providing high-tech services by foreign companies mainly).