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Oil and Gas Field Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil and Gas Field Services Market Research Report | Specialist Engineering, Infrastructure & Contractors | Mining & Mining Services | Jul 2013

Preparing for growth: Upstream projects support demand for industry services

IBISWorld’s Oil and Gas Field Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Downer EDI Downer EDI market share
Leighton Holdings Leighton Holdings market share
WorleyParsons WorleyParsons market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
23.4%
Annual Growth 14-19
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Profit
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Employment
7,226
Businesses
118
Industry Analysis & Industry Trends

The Oil and Gas Field Services industry has grown strongly in the past five years and is expected to continue to do so in the next five. The rapid increase in industry revenue is being underpinned by high demand from the Oil and Gas Extraction industry, where an unprecedented number of oil and gas projects are underway. In the five years through 2013-14, industry revenue is forecast to grow at a compound annual rate of 23.4%. In 2013-14, forecast growth of 18.9% will take industry revenue to $5.8 billion.

Demand for industry services is contingent on activity in the upstream Petroleum Exploration industry and the Oil and Gas Extraction industry. Exploration is important, because it identifies resources that are necessary for future sector growth... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry for the Oil and Gas Field Services industry are considered to be at a moderate level. The significant presence of the top three major players, which have established contracts and relationships with major oil and gas companies, increases the difficulty of entry. Entrants will not be able to compete with the scope of services these major companies provide and must specialise in other value added services such as consulting and project management.

Capital expenses can be a significant cost for companies wishing to invest in machinery. Much of the industry's services involves the use of heavy machinery and equipment for installation and construction operations. Adding to this, technological advancements require companies to maintain the latest equipment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil and Gas Field Services Industry?

Firms in this industry provide support services and maintenance services on a fee or contract basis to companies involved in oil and gas extraction.

Industry Products
Construction servicesSite preparation servicesPlant management servicesOther services
 
Industry Activities
Providing site preparation servicesProviding construction servicesProviding plant management servicesProviding other support servicesProviding site preparation servicesProviding construction servicesProviding plant management servicesProviding other support services


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