Amid the turmoil: Higher global oil and gas prices boost current-year industry revenue
Revenue in the Oil and Gas Field Services industry is expected to decline at an annualised 7.4% over the five years through 2022-23, to $2.5 billion. Prior to 2015-16, significant investment in gas extraction and LNG production facilities across northern Australia supported the industry's growth. This investment was driven by technological advancements in natural gas extraction, liquefaction and long-distance transport. Furthermore, many companies in the upstream Oil and Gas Extraction industry outsourced site preparation and construction services to firms in the Oil and Gas Field Services industry.
Industry firms provide planning, construction and maintenance services on a fee or contract basis to companies involved in oil and gas extraction.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CIMIC Group Limited
- Worley Limited
Methodology
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