Industry Analysis & Industry Trends
Over the past five years, the Oil and Mineral Exploration Drilling industry has had an extremely volatile performance. Industry players provide services to mining companies that are engaged in greenfield oil and mineral exploration. This is the riskiest area of the Mining division as companies look for new economically viable resource deposits. Expenditure on greenfield exploration fluctuates significantly year on year, in line with small miners' ability to access capital. When commodity prices fall or sentiment in the Mining division declines, demand for greenfield exploration services such as specialist drilling activities tends to decline.
Over the past 10 years, industry operators have benefited from a prolonged boom in capital expenditure in the Mining division... purchase to read more
Industry Report - Starting a New Business Chapter
Medium barriers to entry characterise the industry and this trend has remained stable over the past five years. Industry players face a high level of regulation, have extensive capital requirements and require highly skilled employees. Regulations include requirements for environmental sustainability, land usage rights, licensing requirements, and worker health and safety commitments. These barriers are offset slightly by the ability for small firms to operate successfully and minimise their management and operational costs. Many businesses in the industry are sole operators or employ a small number of workers, which reduces their management and training requirements... purchase to read more