Geophysical Surveying & Mapping Services

Geophysical Surveying & Mapping Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry gather, interpret, and map geophysical data. Major companies include ION Geophysical, Global Geophysical Services, and NuTech Energy Alliance (all based in the US), as well as Logan International (Canada), TGS ASA and Petroleum Geo-Services (both based in Norway), and WesternGeco (UK).

COMPETITIVE LANDSCAPE

Demand is driven by oil and gas exploration activity. The profitability of individual companies depends on their ability to maintain a steady flow of contract work. Large companies enjoy economies of scale in purchasing and administration, as well as the ability to serve major clients from multiple locations. Small companies can compete by specializing in a specific geography or survey type. The industry is concentrated: the 50 largest companies account for about 80% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services for geophysical surveying and mapping services include data collection, data sales, and integrated geophysical services. Integrated geophysical services and geophysical data processing each account for 25% of revenue. Other services include geophysical data acquisition (20%), databases and other information collection (20%), and geophysical data interpretation (10%).