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Oil & Gas Facility Construction & Maintenance in the US Procurement Price, Data and Insights
Providers of these services build oil rig platforms, drilling rigs and other oil and gas field installations. Specifically, this report focuses on onshore, offshore and liquefied natural gas (LNG) projects.
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What’s included in this market coverage
IBISWorld's research coverage on the Oil & Gas Facility Construction & Maintenance procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Oil & Gas Facility Construction & Maintenance market in the United States includes Drill Site Construction, Offshore Rig Construction, Rig Installation, Rig Maintenance, Refinery Construction and Well Site Maintenance. Standard coding in this coverage includes ISIC-429-Construction of other civil engineering projects, NACE-42.99-Construction Of Other Civil Engineering Projects N.E.C., NAICS-237120-Oil and gas pipeline and related structures construction and UNSPSC-72121500-Industrial plant construction services.
What common market terminology is included?
Common market terminology included in the Oil & Gas Facility Construction & Maintenance procurement coverage includes Liquefied Natural Gas (LNG) (Natural gas that has been cooled to -260 degrees Fahrenheit for storage and transportation purposes, at which point it becomes a liquid.), EPCI (Engineering, procurement, construction and installation. A term usually used in reference to companies that provide these comprehensive services on offshore construction projects.), Backlog (A measure of the total dollar value of work to be performed on contracts awarded and in progress.) and Semisubmersible Platform (A mobile rig with submerged pontoon-type columns that support a platform deck containing drilling equipment and other machinery. These rigs provide remarkable stability for drilling in deeper and rougher waters.).
What companies are included as top suppliers?
The top companies covered in the Oil & Gas Facility Construction & Maintenance procurement report as suppliers are John Wood Group PLC, KBR Inc., Mcdermott International Inc., Hyundai Heavy Industries Co. Ltd. and Technipfmc Plc.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Oil & Gas Facility Construction & Maintenance market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per facility, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Oil & Gas Facility Construction & Maintenance market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Oil & Gas Facility Construction & Maintenance procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Oil & Gas Facility Construction & Maintenance market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Oil & Gas Facility Construction & Maintenance market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Oil & Gas Facility Construction & Maintenance?
The 2026 benchmark market price for Oil & Gas Facility Construction & Maintenance is $500100000 per facility. Prices have increased at a CAGR of 1.4 from 2023-26.
Who are the top vendors in the Oil & Gas Facility Construction & Maintenance market?
The top vendors in the Oil & Gas Facility Construction & Maintenance market include John Wood Group PLC, KBR Inc., Mcdermott International Inc., Hyundai Heavy Industries Co. Ltd. and Technipfmc Plc.
What industries supply the Oil & Gas Facility Construction & Maintenance market?
The top industries supplying the Oil & Gas Facility Construction & Maintenance market are Construction Machinery Manufacturing in the US, Ferrous Metal Foundry Products in the US, Metal Pipe & Tube Manufacturing in the US, Iron & Steel Manufacturing in the US, Valve Manufacturing in the US and Metal Stamping & Forging in the US.
What is the supply chain risk for Oil & Gas Facility Construction & Maintenance?
Low market share concentration fuels strong competition and enhances buyer negotiation power. With low market share concentration in oil and gas facility maintenance and construction, market leaders do not dominate price or availability, empowering buyers to drive competitive bidding among numerous regional and national suppliers. This dynamic gives buyers substantial leverage to negotiate more favorable pricing, contract terms, and service enhancements, as suppliers are incentivized to distinguish themselves. Buyers should regularly benchmark vendor performance and re-compete contracts to maximize cost efficiencies and service quality.
What factors affect the price of Oil & Gas Facility Construction & Maintenance?
The type of facility plays a crucial role in determining the price of construction and maintenance services in the oil and gas sector, as onshore projects typically have lower costs due to easier access and logistics, while offshore and LNG facilities incur higher expenses related to specialized equipment, safety measures, and environmental considerations. For instance, offshore rig construction often commands premium pricing due to the complex engineering required and the harsher operational conditions, which necessitate advanced technology and skilled labor.
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