Oil & Gas Field Services Industry Overview

Excerpt from Oil & Gas Field Services Report

Companies in this industry support oil and gas field operations on a contract basis. Major
companies include Baker Hughes, China Oilfield Services, Halliburton, Nabors Industries,
National Oilwell Varco, Saipem, Schlumberger, Transocean, and Weatherford International.

Competitive Landscape
Demand is driven by oil and gas prices. The profitability of individual companies depends on
technical expertise and efficiency of operations. Large companies can offer a broad range of
services. Small firms can compete effectively by specializing in a particular type of service or
geographic area.

Products, Operations & Technology

Major services include preparing wells for production, maintaining and enhancing the output
of producing wells, and exploration. Additional services include well surveying (other than
geophysical surveying and mapping); cleaning out, bailing, and swabbing of wells; and
operation of workover rigs. Some larger companies also manufacture oil and gas field