Insight

The oilfield supply chain: the future isn’t what it used to be

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

18 January 2018

The oilfield supply chain: the future isn’t what it used to be

Report summary

Although the entire upstream sector made dramatic changes in response to lingering low oil prices, the service sector has borne the brunt of cost savings and project cancellations. Between 2014 and 2017, operator development and exploration expenditure fell by US$310 billion, which forced the sector to make extraordinary adjustments in every part of their business. However, this is a cyclical business known for over-shooting on the highs and lows. There is a real sense that we have begun to cut too far, potentially damaging the integrity and fabric of the oilfield service sector. Operators are also beginning to understand that further cuts, while attractive in the short term, will undermine the long-term sustainability of the sector when the market returns to growth.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Oilfield Supply Chain - the future isnt what it used to be.pdf

    PDF 2.81 MB

Other reports you may be interested in

Browse reports by Industry Sector