What is the Oil and Gas Field Services industry?
The industry has moderate barriers to entry and this trend has remained steady over the past five years. The presence of the four major players, which have established contracts and relationships with major oil and gas companies, may deter prospective entrants. New players 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.
The growing technical complexity in the areas of major industry expansion, notably CSG extraction and LNG facilities, may limit the opportunity for new competitors to enter these lucrative markets... purchase to read more