Out of gas: Industry revenue declines due to the completion of major projects

IBISWorld’s Oil and Gas Field Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Analysis & Industry Trends

The Oil and Gas Field Services industry is forecast to grow at an annualised 1.5% over the five years through 2016-17. Unprecedented investment in gas extraction and LNG production facilities across northern Australia have shaped the industry's landscape over this period. Three large LNG facilities on Curtis Island, QLD, have been under construction over the past five years. These facilities are designed to service lucrative export markets in China and Japan. The construction of the Gorgon, Wheatstone and Prelude LNG plants in Western Australia, and the Ichthys LNG plant in the Northern Territory have also driven industry revenue growth over the past five years. Technological advancements in natural gas extraction, liquefaction and long-distance transport enabled this investment...

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What is the Oil and Gas Field Services industry?

The industry has a moderate level of capital intensity. For every dollar invested in capital, an estimated $7.86 is spent as wages. Capital intensity has increased over the past five years, as the burgeoning demand for industry services encouraged companies to invest in machinery and spread the cost and risk over several projects, rather than rely on leased equipment.

Capital intensity is limited by the tendency of industry players to hire subcontractors rather than permanent staff. The industry's subcontracted workforce comprises tradespeople, agency staff and professional and technical consultants. Subcontractor payments are typically to enterprises operating in other industries, such as providers of electrical, surveying or engineering services. Pay...

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Additional Insights for the Oil and Gas Field Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil and Gas Field Services Industry are

  • Ability to compete on tender
  • Effective cost controls
  • Ability to negotiate successfully with regulator
  • IBISWorld analysts also discuss how external factors such as Demand from oil and gas extraction and Actual capital expenditure on mining in the Oil and Gas Field Services industry impact industry performance..

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    New Zealand Special Report

    Products & Brands

    Major products in this industry
    Construction services
    Site preparation services
    Plant management services
    Other services
    Examples of brands in this Industry
    CPB Contractors

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from oil and gas extraction
  • Actual capital expenditure on mining
  • Demand from petroleum exploration
  • World price of crude oil
  • World price of natural gas

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Oil and Gas Field Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil and Gas Field Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil and Gas Extraction
  • Industrial Gas Manufacturing
  • Gas Supply
  • Pipeline Transport

  • Key Selling Industries
  • Construction Machinery and Operator Hire
  • Gravel and Sand Quarrying
  • Hardware Wholesaling
  • Machinery and Scaffolding Rental
  • Mining and Industrial Machinery Wholesaling
  • Site Preparation Services

  • Products & Services
  • Construction services
  • Plant management services
  • Site preparation services
  • Other services
  • Chart: Oil and Gas Field Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Onshore extraction and gas supply firms
  • Offshore extraction firms
  • Chart: Major Market Segmentation for the Oil and Gas Field Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Subcontractors and professional expenses
  • Wages
  • Purchases
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Oil and Gas Field Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil and Gas Field Services Industry

  • Industry Globalization
    Major Companies
    CIMIC Group LimitedKBR Holdings Pty LtdBechtel Australia Proprietary LimitedWorleyParsons Limited
  • Table: CIMIC Group Limited - financial performance
  • Table: KBR Holdings Pty Ltd - financial performance
  • Table: Bechtel Australia Proprietary Limited - financial performance
  • Table: WorleyParsons Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oil and Gas Field Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Oil and Gas Field Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Coal Seam Gas (Csg)
  • A naturally occurring gas (typically methane) found in coal seams hundreds of metres below the surface and typically extracted using drilling and hydraulic fracturing.
  • Hydrocarbon
  • A type of organic chemical compound that naturally occurs in crude oil. Hydrocarbons can form methane and propane, among others.
  • Liquefied Natural Gas (Lng)
  • Natural gas that has been compressed into liquid form for transportation.
  • Lng Trains
  • Sites where LNG is compressed for cost-effective transportation in ships.
  • Megaproject
  • Exceptionally large-scale investment projects.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil and Gas Field Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil and Gas Field Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil and Gas Field Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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