Oil & Gas Drilling Support Services in China: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil & Gas Drilling Support Services Market Research Report | Jul 2014

IBISWorld’s Oil & Gas Drilling Support 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.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
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Industry Analysis & Industry Trends

In 2013, the Oil and Gas Drilling Support Services industry is expected to generate $36.1 billion. Over the past five years, revenue has been growing at an annualized rate of 3.2% per year. With rising labor costs and raw material prices, industry profit is estimated at 2.0% of revenue in 2013 – although low, profit has recovered significantly from losses in 2009 due to the global recession.

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 2013, their combined market share is estimated to be 92.5% of industry revenue.... purchase to read more

Industry Report - Industry Analysis Chapter

During the five years to 2013, the Oil and Gas Drilling Support Services industry in China has grown at an annual pace of 3.2%. The industry's steady development is due to China's significant investment in exploration and development of oil and gas fields, the specialization and integration of drilling support service companies and improvements in technology. The exploration and development of oil and gas fields is driven by growing domestic demand and rising global prices for crude oil and natural gas.

Consumption of oil and gas in China grew considerably during the past decade. Crude oil consumption in China has been increasing at an annualized rate of 5.9% in the five years to 2013. However, China's crude oil output has only been growing 2.0% per year over the same period... purchase to read more


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What is the Oil & Gas Drilling Support Services Industry?

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.

Industry Products
Drilling servicesOil well servicesSupplies of equipment and chemicalsTransportationOther mining services
Industry Activities
Well testing and loggingWell cementing and completionDirectional and vertical drillingUnderground operations and oil testingCleaning out, bailing and swabbing wellsDerrick erection, repair, removal and related services

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