Petroleum & Natural Gas Support Activities in the UK - IBISWorld Industry Market Research

Petroleum & Natural Gas Support Activities in the UK

Petroleum & Natural Gas Support Activities in the UK - IBISWorld Industry Market Research
Petroleum & Natural Gas Support Activities in the UK
Published Aug 20, 2015
27 pages — Published Aug 20, 2015
Price US$ 875.00  |  Buy this Report Now

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Over the long term, declining reserves and falling production from Britain's oil and gas fields have led to less oil and gas drilling. However, the fall in volumes has been partially offset by higher service charges over the past five years. UK sources of oil and natural gas are becoming scarcer, causing a drop in the exploration activity that the industry largely depends on. The recent drop in oil price has exacerbated the downturn in exploratory drilling. Overall, the maturity of North Sea oil is a problem that is likely to grip the industry indefinitely.

This industry provides oil and gas well services on a fee or contract basis to firms that extract oil and gas. This includes traditional prospecting methods such as geological observations, and invasive work such as directional drilling, redrilling, test drilling, spudding, and derrick erection and maintenance. It also incorporates draining and pumping services, and the liquefaction and regasification of gas for transportation.

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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IBISWorld Industry Market Research. "Petroleum & Natural Gas Support Activities in the UK" Aug 20, 2015. Alacra Store. Oct 25, 2016. <>
IBISWorld Industry Market Research. (2015). Petroleum & Natural Gas Support Activities in the UK Aug 20, 2015. New York, NY: Alacra Store. Retrieved Oct 25, 2016 from <>
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