What is the Oil and Gas Field Services industry?
The Oil and Gas Field Services industry has a moderate level of concentration, as the four major players are estimated to account for just over 40% of industry revenue in 2015-16. Industry concentration grew significantly during the height of the mining investment boom, particularly in 2011-12 and 2012-13. Many large-scale engineering construction firms secured the lion's share of the major LNG developments, either individually or through joint-venture operations.
Market share concentration has declined over the past five years. The three key LNG projects that were constructed at Curtis Island, QLD have all either moved into the production phase or are near completion... purchase to read more