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Construction Market
Oil Field Construction Business Market Assessment of 2022
The Challenges of 2022
Construction Market
The global energy market has shifted from conventional sources to alternative sources, mainly as countries aim to reduce their reliance on imported fossil fuels. While many people think of alternative energy only as wind farms and solar panels, the oil industry is also undergoing a massive transformation.
- The demand for oil-based energy is growing steadily, which means more drilling and mining projects.
- Moreover, the global energy demand is expected to grow, reaching 381 million tons of oil per day as of 2020.
The new oil-based energy projects of the future will not only require the construction and operation of drilling and extraction equipment, but they will also need specialized drilling and construction management to make sure that the operations are performed safely and efficiently.
The construction management of an oil and gas project is an organization responsible for planning, executing, and managing the project from start to finish.
