Brief Excerpt from Industry Overview Chapter:
Companies in this industry gather, interpret, and map geophysical data. Major companies include 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%) and geophysical data interpretation (10%).
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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