Oil & Gas Drilling Support Services in China - IBISWorld Industry Market Research

Oil & Gas Drilling Support Services in China

Oil & Gas Drilling Support Services in China - IBISWorld Industry Market Research
Oil & Gas Drilling Support Services in China
Published Jul 23, 2015
38 pages — Published Jul 23, 2015
Price US$ 660.00  |  Buy this Report Now

About This Report


In 2015, the Oil and Gas Drilling Support Services industry is expected to generate $39.2 billion. Over the past five years, revenue has been growing at an annualized rate of 5.2% per year. With rising labor costs and raw material prices, industry profit is estimated at 2.6% of revenue in 2015 – although low, profitabilty has been rising.

A major feature of this industry is the existing oligopoly among the three state-owned oil companies, China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC). In 2015, their combined market share is estimated to be 94.0% of industry revenue.

The Oil and Gas Drilling Support Services industry provides support services for oil and gas mining companies, including directional drilling, drilling ahead, underground operations, oil testing, well testing, well logging, derrick erection, derrick repair and derrick removal. Oil and gas prospecting activities are not included in this industry.

The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.

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IBISWorld Industry Market Research—IBISWorld is a leading strategic business information provider that offers comprehensive information on more than 700 US industries covering 4,000 individual product segments. They also provide global industry and industry risk rating reports covering Australia, the United Kingdom and China. IBISWorld data offers detailed analysis on growth trends, the competitive environment and key issues. Reports average 30 to 40 pages and contain figures; market characteristics; product, market and service segmentation; industry conditions, current and historical performance analysis; risk scores; industry participants and market share; factors to success; and 5-year forecasts with forecast analysis.

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Cite this Report

IBISWorld Industry Market Research. "Oil & Gas Drilling Support Services in China" Jul 23, 2015. Alacra Store. May 28, 2018. <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Oil-Gas-Drilling-Support-Services-in-China-2042-1898>
IBISWorld Industry Market Research. (2015). Oil & Gas Drilling Support Services in China Jul 23, 2015. New York, NY: Alacra Store. Retrieved May 28, 2018 from <http://www.alacrastore.com/storecontent/IBISWorld-Industry-Market-Research/Oil-Gas-Drilling-Support-Services-in-China-2042-1898>
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