IBISWorld’s Oil & Gas Engineering Services Procurement Research Report offers purchasing insight into the Oil & Gas Engineering Services market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Oil & Gas Engineering Services - Recent Price Trend

Oil and gas engineering service rates have been rising at an estimated average annual rate of 1.4% in the three years to 2017. Although oversupply of oil and gas has sent these commodities’ prices crashing since mid-2014, demand for petroleum engineering has been maintained because these services are integral to many stages of oil and gas exploration projects. As such, steady demand has placed...


Oil & Gas Engineering Services - Total Cost of Ownership

The total cost of ownership for oil and gas engineering services is low. Engineers are expected to be certified and knowledgeable about various aspects of oil drilling and gas extraction operations, and must comply with relevant laws and regulations. Despite the high level of skill required for the job, miscalculations and unforeseeable issues happen occasionally, which can result in accidents...


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About this Report

This report is intended to assist buyers of oil and gas engineering services. Suppliers of oil and gas engineering services help buyers plan and optimize operations; oversee equipment design, engineering and planning; oversee the installation, operation and maintenance of oil fields; develop plans to drill in oil and gas fields; and use computer-controlled drilling to connect a larger oil or gas deposit to a single well, among other services. Operators primarily provide services to oil and gas pipeline construction firms, oil and gas field service providers and oil drilling and gas extraction operators. This report excludes mining engineering services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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