Oilfield Services: revenues in Completion and Intervention market

September 14, 2018

The completion and intervention service providers are reporting 5% revenue growth QoQ and 18% YoY. Revenues have recovered from a seasonal slowdown in Q1 2018, passing Q4 2017, and are once again continuing on the upward trend from 2017.

Market shares amongst the top providers are mostly unchanged. Halliburton and and BHGE have grown the most with 7% gap to Q1 2018 each. Schlumberger and Weatherford are also reporting revenue growth of 3% QoQ each.

In previous quarters, we have seen service companies with large exposure to the North America have gained compared to companies with a wider international footprint. This quarter, more companies are reporting that their international businesses are contributing with growth rates similar to North America.

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Contacts

Erik Norrud Pollen
Analyst, Oilfield Services
Phone: +47 24 00 42 00
erik.norrud.pollen@rystadenergy.com

Marina Dervishogullari
Marketing Manager
Phone: +47 24 00 42 00
marina.dervishogullari@rystadenergy.com

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