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 - Industry Key Buyers Chapter
The Oil and Gas Field Services industry has a medium level of concentration, due to the top four major players accounting for about 58.0% of industry revenue. Leighton Holdings alone accounts for 24.7% of the market, while Downer EDI and WorleyParsons account for a combined 32.5%.
Industry concentration has been trending downwards over the past five years, even with consolidation and expansion of major players. This trend is expected to continue over the next five years as players enter the industry to take advantage of its rapid expansion... purchase to read more