Industry Analysis & Industry Trends
The escalation of activity in the Oil and Gas Field Services industry over the past five years has been driven by the unprecedented investment into the development of gas extraction and LNG production facilities. Multi-billion dollar LNG developments are currently under construction and will soon become operational in northern Western Australia, the Northern Territory and at Curtis Island in Queensland. This investment was driven by the strong global demand for energy sources and technological advancements in natural gas extraction, liquefaction and long distance transport.
The industry is currently working on projects with a delivery value of about $178.7 billion, due for completion between 2014 and 2017... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Oil and Gas Field Services industry has a medium level of concentration, as the top four major players account for about 60% of industry revenue. Bechtel Australia, which is responsible for engineering, procurement and construction management (EPCM) on four of the largest LNG developments, is estimated to account for 25.9% of industry revenue in 2014-15, while Leighton Holdings generates about 16.1% of industry revenue and has involvement in all major LNG and coal seam gas projects currently under construction.
Industry concentration has grown significantly over recent years, as the large-scale engineering construction firms have secured the lion's share of the major LNG developments, either individually or through joint-venture operations... purchase to read more