Oil & Gas Field Services

Oil & Gas Field Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry support oil and gas field operations on a contract basis. Major companies include Baker Hughes, Halliburton, Nabors, National Oilwell Varco, Schlumberger, and Weatherford (all based in the US); as well as China Oilfield Services Limited (China), Saipem (Italy), and Transocean (Switzerland).

COMPETITIVE LANDSCAPE

Demand is driven by oil and gas prices. The profitability of individual companies depends on technical expertise and efficiency of operations. Large companies can offer a broad range of services. Small firms can compete effectively by specializing in a particular type of service or geographic area.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include other oil and gas field services which account for about 45% of the industry's revenue, followed by hydraulic fracturing (about 30%), and oil and gas field repair (about 20%). Other services include: pumping oil and gas wells; installing oil and gas field product equipment; and oil and gas field exploration services.