Industry Statistics and Rankings
How does this industry perform in Belgium compared to Europe?
Country Benchmarking
Industry Data Belgium
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#25 In EuropeBusiness
#17 In EuropeEmployees
#24 In EuropeWages
#23 In EuropeThe Petroleum & Natural Gas Support Services in Belgium ranks 25 in Europe with regards to its 2024 revenue (€6.3m). Revenue received by operators in Belgium has been very high in volatility over the past five-year period, with the average annual change in revenue (68.4 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Petroleum & Natural Gas Support Services industry in Belgium in 2024?
The market size of the Petroleum & Natural Gas Support Services industry in Belgium is €6.3m in 2024.
How many businesses are there in the Petroleum & Natural Gas Support Services in Belgium industry in 2024?
There are 11 businesses in the Petroleum & Natural Gas Support Services industry in Belgium, which has declined at a CAGR of 1.7 % between 2019 and 2024.
Has the Petroleum & Natural Gas Support Services industry in Belgium grown or declined over the past 5 years?
The market size of the Petroleum & Natural Gas Support Services industry in Belgium has been growing at a CAGR of 68.4 % between 2019 and 2024.
What is the forecast growth of the Petroleum & Natural Gas Support Services industry in Belgium over the next 5 years?
Over the next five years, the Petroleum & Natural Gas Support Services industry in Belgium is expected to grow.
What are the biggest companies in the Petroleum & Natural Gas Support Services market in Belgium?
The biggest companies operating in the Petroleum & Natural Gas Support Services market in Belgium are Schlumberger Ltd, Subsea7 SA and Baker Hughes Company
What does the Petroleum & Natural Gas Support Services in Belgium include?
Development wells and Appraisal wells are part of the Petroleum & Natural Gas Support Services industry.
Which companies have the highest market share in the Petroleum & Natural Gas Support Services in Belgium?
The company holding the most market share in Belgium is Schlumberger Ltd.
How competitive is the Petroleum & Natural Gas Support Services industry in Belgium?
The level of competition is moderate and steady in the Petroleum & Natural Gas Support Services industry in Belgium.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Demolition & Site Preparation in Belgium
Complementors
- Hard Coal Mining in Belgium
- Crude Petroleum & Natural Gas Extraction in Belgium
- Site Preparation in Belgium
Table of Contents
About this industry
Industry definition
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, re-drilling, test drilling, spudding and derrick erection and maintenance. It also incorporates draining and pumping services and the liquefaction and regasification of gas for transportation.
What's included in this industry?
Development wellsAppraisal wellsExploration wellsDecommissioning activityOther servicesIndustry Code
091 - Support activities for petroleum and natural gas extraction in Belgium
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Petroleum & Natural Gas Support Services in Belgium
- Employees in the Petroleum & Natural Gas Support Services in Belgium
- Business in the Petroleum & Natural Gas Support Services in Belgium
- Profit in the Petroleum & Natural Gas Support Services in Belgium
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Support service contractors must follow strict regulations. Due to the dangerous and environmentally invasive nature of some industry services, there are strict health, safety and environmental guidelines that must be followed.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Petroleum & Natural Gas Support Services in Belgium industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Profitability fluctuates in line with commodity prices. When oil and gas prices are lower, contractors offer their customers concessions to ensure their services are still in demand, though this does eat into the bottom lines.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Petroleum & Natural Gas Support Services in Belgium industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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