Running on fumes: Project completions and limited investment have reduced revenue

The Oil and Gas Field Services industry is expected to decline at an annualised 41.8% over the five years through 2019-20, to $1.4 billion. Prior to 2015-16, unprecedented levels of investment in gas extraction and LNG production facilities across northern Australia shaped the industry's landscape. 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 more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25
Market Share of Companies

Industry Threats & Opportunities

  • Unprecedented investment has occurred in gas extraction and LNG production facilities
  • The completion and winding down of major projects has reduced major players’ revenue
  • Increased regulation of unconventional extraction techniques will likely restrict demand
  • Industry Report - Industry Locations Chapter

    The geographic spread of industry establishments closely mirrors the distribution of oil and gas extraction companies and the spread of new major construction projects. The industry's businesses operate on sites of these major projects, which are located in Australia's oil and gas fields both onshore and offshore. The vast majority of industry establishments are therefore estimated to be located in Western Australia servicing the offshore operations (i.e. North West Shelf). The industry is also heavily involved in the development of gas operations in Queensland, including CSG extraction and the LNG processing plants, along with onshore developments in the Northern Territory. The...purchase to read more.

    Additional Insights for the Oil and Gas Field Services Industry

    IBISWorld has determined the most important Key Success Factors for the Oil and Gas Field Services are:

  • Ability to compete on tender
  • Effective cost controls
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Actual capital expenditure on mining and Demand from oil and gas extraction in the Oil and Gas Field Services industry impact industry performance..

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    What's in this report

    What is 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.

    Industry Products
  • Construction services
  • Site preparation services
  • Plant management services
  • Other services
  • Industry Activities
  • Providing site preparation services
  • Providing construction services
  • Providing plant management services
  • Providing other support services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Actual capital expenditure on mining
  • Demand from oil and gas extraction
  • Demand from petroleum exploration
  • Export price of liquefied natural gas
  • World price of crude oil

  • Current Performance
  • Major projects
  • Developments in extraction
  • Internal structure and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Upstream conditions
  • Profitability and participation
  • Regulatory environment
  • Table: Oil and Gas Field Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil and Gas Field Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Oil and Gas Extraction
  • Industrial Gas Manufacturing
  • Gas Supply
  • Pipeline Transport

  • Key Selling Industries
  • Construction Machinery and Operator Hire
  • Gravel and Sand Quarrying
  • Hardware Wholesaling
  • Machinery and Scaffolding Rental
  • Mining and Industrial Machinery Wholesaling
  • Site Preparation Services

  • Products & Services
  • Plant management services
  • Other services
  • Construction services
  • Site preparation services
  • Chart: Oil and Gas Field Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Offshore extraction firms
  • Onshore extraction and gas supply firms
  • Chart: Major Market Segmentation for the Oil and Gas Field Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Oil and Gas Field Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil and Gas Field Services Industry

  • Industry Globalization
    WorleyParsons Limited, CIMIC Group Limited,
  • Table: WorleyParsons Limited - financial performance
  • Table: CIMIC Group Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Oil and Gas Field Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Oil and Gas Field Services Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)
  • (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Coal Seam Gas (Csg)
  • A naturally occurring gas, typically methane, found in coal seams hundreds of metres below the surface and typically extracted using drilling and hydraulic fracturing.
  • Hydrocarbon
  • A type of organic chemical compound that naturally occurs in crude oil. Hydrocarbons can form methane and propane, among others.
  • Liquefied Natural Gas (Lng)
  • Natural gas that has been compressed into liquid form for transportation.
  • Lng Trains
  • Sites where LNG is compressed for cost-effective transportation in ships.
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    Why buy this report?

    IBISWorld’s Oil and Gas Field Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
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    This report on Oil and Gas Field Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil and Gas Field Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil and Gas Field Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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