MarketLine Industry Profile

Global Oil & Gas
Equipment &
Services
November 2014
Reference Code: 0199-2118

Publication Date: November 2014

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Global - Oil & Gas Equipment & Ser vices
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0199 - 2118 - 2013
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EXECUTIVE SUMMARY
Market value
The global oil & gas equipment & services market grew by 21.8% in 2013 to reach a value of $633.9 billion.

Market value forecast
In 2018, the global oil & gas equipment & services market is forecast to have a value of $799.9 billion, an increase of
26.2% since 2013.

Category segmentation
Other services is the largest segment of the global oil & gas equipment & services market, accounting for 29.4% of the
market's total value.

Geography segmentation
Americas accounts for 52.9% of the global oil & gas equipment & services market value.

Market share
Schlumberger Limited is the leading player in the global oil & gas equipment & services market, generating a 7.1% share
of the market's value.

Market rivalry
The volatility of crude oil prices continue to have an impact on this market, with price hikes increasing demand for
specialist equipment and services and therefore rivalry.

Global - Oil & Gas Equipment & Ser vices
© MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED

0199 - 2118 - 2013
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TABLE OF CONTENTS
Executive Summary..........................................................................................................................................................................2
Market value ..................................................................................................................................................................................2
Market value forecast...................................................................................................................................................................2
Category segmentation................................................................................................................................................................2
Geography segmentation ............................................................................................................................................................2
Market share..................................................................................................................................................................................2
Market ri valry .................................................................................................................................................................................2
Market Overview ...............................................................................................................................................................................7
Market definition............................................................................................................................................................................7
Market analysis .............................................................................................................................................................................7
Market Data........................................................................................................................................................................................9
Market value ..................................................................................................................................................................................9
Market Segmentation .....................................................................................................................................................................10
Category segmentation..............................................................................................................................................................10
Geography segmentation ..........................................................................................................................................................11
Market share................................................................................................................................................................................12
Market Outlook ................................................................................................................................................................................13
Market value forecast.................................................................................................................................................................13
Five Forces Analysis ......................................................................................................................................................................14
Summary......................................................................................................................................................................................14
Buyer power.................................................................................................................................................................................15
Supplier power ............................................................................................................................................................................16
New entrants ...............................................................................................................................................................................17
Threat of substitutes...................................................................................................................................................................18
Degree of rivalry..........................................................................................................................................................................19
Leading Companies........................................................................................................................................................................20
Baker Hughes Incorporated ......................................................................................................................................................20
Halliburton Company..................................................................................................................................................................24
Schlumberger Limited ................................................................................................................................................................28
Weatherford International Ltd. ..................................................................................................................................................32
Appendix...........................................................................................................................................................................................36

Global - Oil & Gas Equipment & Ser vices
© MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED

0199 - 2118 - 2013
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...........................................................................................................................................2118 ...................................37 Related MarketLine research....................................................................2013 Page | 4 ....Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 .........................................................................................................................Methodology....................36 Industry associations........37 Global ...............................................................................................

.....................: key financial ratios .................33 Table 17: Weatherford International Ltd............................................9 Table 2: Global oil & gas equipment & services market category segmentation: $ billion.....................................: key financials ($) ......12 Table 5: Global oil & gas equipment & services market value forecast: $ billion..................................................................... 2009–13.............................Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 .....28 Table 13: Schlumberger Limited: key financials ($) ............30 Table 14: Schlumberger Limited: key financial ratios .................................................................................................................................................................2013 Page | 5 .............21 Table 8: Baker Hughes Incorporated: key financial ratios...................................................2118 . 2013–18 ..............................................................................................................................................................................11 Table 4: Global oil & gas equipment & services market share: % share.................................... 2013 ..................................................................................... 2013........................................LIST OF TABLES Table 1: Global oil & gas equipment & services market value: $ billion....................................................... by value..................................................................................................................................................................24 Table 10: Halliburton Company: ke y financials ($) ......................................32 Table 16: Weatherford International Ltd................................................................................25 Table 11: Halliburton Company: ke y financial ratios .................: key facts ......................................................................................................................................................................................................................................................................................................................................... 2013 ..........................................10 Table 3: Global oil & gas equipment & services market geography segmentation: $ billion............30 Table 15: Weatherford International Ltd.........26 Table 12: Schlumberger Limited: key facts ...13 Table 6: Baker Hughes Incorporated: key facts ........................34 Global ......................22 Table 9: Halliburton Company: key facts .....20 Table 7: Baker Hughes Incorporated: key financials ($).........

....13 Figure 6: Forces driving competition in the global oil & gas equipment & services market............ 2009–13 ....................................................................................... 201317 Figure 10: Factors influencing the threat of substitutes in the global oil & gas equipment & services market........11 Figure 4: Global oil & gas equipment & services market share: % share.............................: revenues & profitability................................................................................... 2013 ..... 2013...................16 Figure 9: Factors influencing the likelihood of new entrants in the global oil & gas equipment & services m arket.........10 Figure 3: Global oil & gas equipment & services market geography segmentation: % share...............................26 Figure 15: Halliburton Company: assets & liabilities ........................12 Figure 5: Global oil & gas equipment & services market value forecast: $ billion.................................................... 2013 ............................... 2013–18...........14 Figure 7: Drivers of buyer power in the global oil & gas equipment & services market.....................................2118 .....................................................................................................................................................................................22 Figure 13: Baker Hughes Incorporated: assets & liabilities .......................35 Global ....................... 2013 ............. by value.......: assets & liabilities ..... 2013 .23 Figure 14: Halliburton Company: re venues & profitability ....18 Figure 11: Drivers of degree of rivalry in the global oil & gas equipment & services market................................30 Figure 17: Schlumberger Limited: assets & liabilities ..............................................................LIST OF FIGURES Figure 1: Global oil & gas equipment & services market value: $ billion........................................19 Figure 12: Baker Hughes Incorporated: revenues & profitability......................... by value...............31 Figure 18: Weatherford International Ltd....Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 ..................27 Figure 16: Schlumberger Limited: revenues & profitability. by value..........................34 Figure 19: Weatherford International Ltd............... 2013 ........................................9 Figure 2: Global oil & gas equipment & services market category segmentation: % share.....................15 Figure 8: Drivers of supplier power in the global oil & gas equipment & services market.... 2013 ..................................................................................... 2013 .......................................................................2013 Page | 6 .......................

Romania. Denmark. Israel. France. South America comprises Argentina. Middle East-Africa (MEA) comprises Egypt.3%. to reach respective values of $53.2013 Page | 7 . and United Arab Emirates. but excludes contract drilling itself. Global . Western Europe comprises Belgium. Eastern Europe comprises the Czech Republic.7m in 2013. Spain. valves. Japan.9m in 2013. North America consists of Canada. water separation. Switzerland. handling tools. and the United States.5m and $157. and the United Kingdom. the Netherlands. over the same period. Colombia. Brazil. and Asia-Pacific. Sweden. Russia. Eastern Europe. Indonesia. the global market consists of North America.2118 . and exclude revenues from any other activities. South Korea. Asia-Pacific comprises Australia. the European market increased with a CAGR of 2. Hungary. South Africa. and Thailand. Poland. Taiwan. Chile.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . Singapore. Germany. India. following volatile performance in recent years. For the purposes of this report. Company market shares are calculated on the basis of revenues gained in this market only. Drilling related services segment includes revenues from services such as drill optimization and drill maintenance. Me xico. Other services segment includes all other oil and gas field services such as offshore construction.MARKET OVERVIEW Market definition The value of the global oil and gas equipment and services market is deemed to be the revenues accrued by the manufacturers of equipment. Manufacturers of oil rigs and drilling equipment segment consists of revenues generated through the sale of drilling equipment such as drilling tools. China. drill bits. metering and artificial lift solutions. Well completions segment consists of revenues generated through products and services used in well completion operations such as testing. representing a compound annual growth rate (CAGR) of 3% between 2009 and 2013. Nigeria. An y currency con versions used in this report have been calculated using constant 2013 annual average exchange rates. Turkey. drilling fluids. and rig equipment such as mud pumps. Saudi Arabia. Market analysis The global oil & gas equipment & services market continued to grow strongly by value in 2013.7%. South America. including drilling rigs and equipment and providers of supplies and services to companies involved in the drilling. and Ukraine. Formation evaluation segment includes revenues generated through the sale of equipment or the provision of ser vices (such as well cutting examination and mud logging) used to determine the viability of a potential oil field. rig inspection and pumping services. New Zealand. and Venezuela. and the Asia-Pacific market declined with a compound annual rate of change (CARC) of -2. bolts and fasteners. Italy. Revenues are predicted to grow at a moderate overall pace through the forecast period to 2018. In comparison. Greece. Norway. evaluation and completion of oil and gas wells. MEA. The global oil & gas equipment & services market had total revenues of $633. Western Europe.

The performance of the market is forecast to accelerate.3% respectively. equating to 28.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 .The other services segment was the market's most lucrative in 2013.6m.2013 Page | 8 . over the same period.4% of the market's overall value.7% of the market's aggregate value.4% and 3. the European and Asia-Pacific markets will grow with CAGRs of 8.8% for the five -year period 2013 .8m in 2018. C omparatively. Global .2018. which is expected to drive the market to a value of $799. with an anticipated CAGR of 4. The manufacturers of oil rigs and drilling equipment segment contributed revenues of $181. equivalent to 29.7m in 2013. with total revenues of $186.9m and $185.2118 .9m by the end of 2018. to reach respective values of $79.

2009–13 SOURCE: MARKETLINE Global .2013 Page | 9 .8 317.5 391.0% M AR KE TL IN E Figure 1: Global oil & gas equipment & servi ces market value: $ billion.9%) 2011 421.8% in 2013 to reach a value of $633.9 (20.9 billion.8% CAGR: 2009–13 SOURCE: MARKETLINE % Growth 3.9 2010 446. Table 1: Global oil & gas equipment & service s market value: $ billion.2 424.4% 2013 633.2 335.6 (5. The compound annual growth rate of the market in the period 2009–13 was 3%.9 477. 2009–13 Year $ billion € billion 2009 564.9 23.5%) 2012 520.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .3 21.2118 .MARKET DATA Market value The global oil & gas equipment & services market grew by 21.

2013 Page | 10 .8 5. by value.7% of the market.4% o f the market's total value.7% Formation Evaluation 82.7% 93. 2013 SOURCE: MARKETLINE Global . accounting for 29.8% Other 52.MARKET SEGMENTATION Category segmentation Other services is the largest segment of the global oil & gas equipment & services market. 2013 Category 2013 % Other Services Manufacturers of oil rigs and drilling equipment Drilling Related Services 186.4% 181.8 8.3% Total 634 100% SOURCE: MARKETLINE M AR KE TL IN E Figure 2: Global oil & gas equipment & service s market category segmentation: % share.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .8 13.2118 . Table 2: Global oil & gas equipment & service s market category segmentation: $ billion.6 29.3 14.7 28.1% Well Completions 36. The Manufacturers of oil rigs and drilling equipment segment accounts for a further 28.

9% of the global market. 2013 SOURCE: MARKETLINE Global .Geography segmentation Americas accounts for 52.4 633.2013 Page | 11 .5 8.8 Europe 53. by value.9 Asia-Pacific 157. Table 3: Global oil & gas equipment & service s market geography segmentation: $ billion.9 Middle East & Africa 87.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 . Asia-Pacific accounts for a further 24.2118 .9 100% Total SOURCE: MARKETLINE M AR KE TL IN E Figure 3: Global oil & gas equipment & service s market geography segmentation: % share.5 52.9% of the global oil & gas equipment & services market value.2 13. 2013 Geography 2013 % Americas 335.7 24.

5% Weatherford International 2.4% Other 82.2013 Page | 12 . by value. generating a 7. by value. 2013 Company % Share Schlumberger Limited 7. Table 4: Global oil & gas equipment & service s market share: % share. Inc.1% share of the market's value.2118 .6% Baker Hughes.Market share Schlumberger Limited is the leading player in the global oil & gas equipment & services market.1% Halliburton Company 4. 3.3% Total 100% SOURCE: MARKETLINE M AR KE TL IN E Figure 4: Global oil & gas equipment & servi ces market share: % share.6% of the market.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 . Halliburton Company accounts for a further 4. 2013 SOURCE: MARKETLINE Global .

Table 5: Global oil & gas equipment & service s market value forecast: $ billion. an increase of 26. 2013–18 Year $ billion € billion % Growth 2013 633.2118 . the global oil & gas equipment & services market is forecast to have a value of $799.8% 2014 581.6 (8.4% CAGR: 2013–18 SOURCE: MARKETLINE 4.4 3.3 21. 2013–18 SOURCE: MARKETLINE Global .8% M AR KE TL IN E Figure 5: Global oil & gas equipment & servi ces market value forecast: $ billion.1 437.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .3% 2016 713.2013 Page | 13 .2% since 2013.8%.9 477.MARKET OUTLOOK Market value forecast In 2018.1 536.9 602.6 555.3 8.3% 2017 737.6 474. The compound annual growth rate of the market in the period 2013–18 is predicted to be 4.9 13.9 billion.1 8.4% 2018 799.3%) 2015 629.

suppliers are those who provide the raw materials used in the construction of rigs. and raw material providers as the key suppliers. evaluation and completion of oil and gas wells. Significant market share is held by large international companies such as Schlumberger or Baker Hughes. with price hikes increasing demand for specialist equipment and services and therefore rivalry. gas and coal. Global . The oil and gas equipment and services market is rather fragmented with the top four companies accounting for 18% of the market in terms of revenue. Currently. the majority of the world’s energy production takes place with the use of non-renewable sources. which grants them greater bargaining power.2118 . Their presence within the market boosts the competition level significantly. The key buyers will be taken as oil. Substitutes in the oil and gas equipment and services market can be considered in terms of increasing usage of alternative energy sources. including drilling rigs. primarily oil. 2013 SOURCE: MARKETLINE M AR KE TL IN E The volatility of crude oil prices continue to have an impact on this market. and providers of supplies and services to companies involved in the drilling. Typical buyers in this market are large. Suppliers to the market are quite varied and depend on the specific structure of the drilling rig or e quipment in question. However. gas and petroleum companies and independent operators.2013 Page | 14 . it is widely considered necessary to shift to renewable energy sources.FIVE FORCES ANALYSIS The oil & gas equipment & services market will be analyzed taking manufacturers of equipment.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . In this sense. in order to fight climate change. The level of technology required and the high costs of production as well as government regulation (a salient issue in light of the Dee pwater Horizon spill involving BP in April 2010) constitute a strong barrier to entry and thereby reduce the threat of new players establishing themselves in this market. as players. Summary Figure 6: Force s driving competition in the global oil & gas equipment & servi ces market.

This high level of buyer profitability places the buyers. national petroleum companies and independent operators. before falling sharply to $80 per barrel in October 2014. and this affords them greater bargaining power within the market. with price hikes increasing demand for specialist equipment and services. such as petroleum company BP. weakening buyer power. when the price of crude oil reached $110 per barrel in May 2011. such corporations are large. The price has remained fairly steadily. However. In general. buyer power in the global oil and gas equipment and services market is considered to be moderate. in a stronger position in this market. the volatile nature of oil prices was demonstrated yet again.2118 . The volatility of crude oil prices has a significant impact on this market. A larger number of buyers is advantageous for market players. and as energy for heating etc. Oil and gas are important commodities used by end-consumers as fuel for transportation. around $95 per barrel through 2012 and 2013. as oil companies explore deposits previously deemed too costly to exploit. Overall. The resulting degree of consumer reliance on these commodities means that energy firms are assured of a continuing demand for their products. Global . The price of crude o il dropped dramatically towards the end of 2008. increasing their financial power. reaching a low of $36 per barrel in January 2009 – this impacted negatively on the demand for specialist equipment and services.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . 2013 SOURCE: MARKETLINE M AR KE TL IN E Buyers in this market include global energy firms.Buyer power Figure 7: Drivers of buyer power in the global oil & gas equipment & service s market.2013 Page | 15 .

Inputs such as steel can be sourced from numerous suppliers so. in the sense that fewer companies will deal in these materials (take for example. Global . supplies can include materials such as tungsten carbide and embedded small industrial diamonds (used for drill bits). 2013 SOURCE: MARKETLINE M AR KE TL IN E Suppliers to the market are quite varied and depend on the specific structure of the drilling rig or equipment in q uestion.2118 . for specific equipment. In this sense. Where offshore units are considered.2013 Page | 16 . suppliers are those who provide the raw materials used in the construction of rigs.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . Overall. other inputs are more specific to the industry and suppliers will have greater power. food and general supplies are also necessary to facilitate staff operations on such rigs.Supplier power Figure 8: Drivers of supplier power in the global oil & gas equipment & service s market. players will seek the best deal and supplier power will therefore be proportionately weakened. suppliers of industrial diamonds). These are generally made of steel but. where this is the case. However. supplier power in the oil and gas equipment and services market is considered to be moderate.

To keep up with the leading players. Global . Overall. In the US. where the large international companies such as Schlumberger or Baker Hughes. there are also restrictions regarding environmental impact. including product innovation. However. which have invested heavily in their fleets of drilling rigs and other equipment and technology.New entrants Figure 9: Factors influencing the likelihood of new entrants in the global oil & ga s equipment & servi ces market. These cuttings can accumulate beneath drilling installations so that top layers prevent oxygen and other seawater constituents from penetrating to those below. any trace hydrocarbons take much longer to break down. as a result. The lack of oxygen within these accumulations means that bio -degradation is much slower and. successful companies in this market must be able to withstand fluctuating demand for their products and services.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . the discharge of materials produced as a result of drilling is government controlled and operating companies are required to remove any materials that are deemed damaging to the environment. as their oil company customers vary their own investment in exploration and production. 2013 SOURCE: MARKETLINE M AR KE TL IN E The market for oil and gas equipment and services is rather fragmented. The presence of such powerful incumbents’ acts as a significant barrier to entry and the need for substantial initial investment to set up facilities such as drilling rigs also reduces the threat of new companies establishing themselves in this market. produced when wells are drilled.2118 . strong research and development (R&D) capability is required. As well as regulations surrounding taxation and the issue of whether oil and gas exploration is permitted. Very strong market growth in 2012 and 2013 is likely to attract new players to the market. for e xample. One such example of this policy is the control and removal of drill cuttings. which are small pieces of rock varying in size and texture from fine silt to gravel.2013 Page | 17 . Such regulations increase the costs attributable to market players and act as a further barrier to entry. there is a moderate threat posed by new entrants to the oil and gas equipment and services market.

oil companies may find it economical to exploit oil shales. it is widely accepted that it will be necessary to shift to renewable energy sources. as there are no direct substitutes for drilling where substantial depths must be reached. gas and coal).2013 Page | 18 . The threat from substitutes in this market is considered to be weak.2118 . in order to fight climate change. the majority of the world’s energy production takes place with the use of non -renewable sources (oil. However. Currently. Governments around the world are signaling their intention to reduce dependence on non -renewable energy sources by creating increasingly ambitious renewable energy targets. scientists are constantly looking for more efficient and environmentally-friendly drilling solutions. Global . However. 2013 SOURCE: MARKETLINE M AR KE TL IN E There is no direct substitute for these products and services. at present.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . which requires strip-mining techniques rather than conventional drilling. When demand for oil is high. However.Threat of substitutes Figure 10: Factors influencing the threat of substitute s in the global oil & ga s equipment & servi ces market. and oil companies may begin to diversify into these areas. reducing their demand for drilling services.

primarily roller cone bits. the four leading players collectively hold 18% of the market share.2013 Page | 19 . and logging-whiledrilling (LWD) services. Baker Hughes. It supplies them to the oil and natural gas industry worldwide. With substantial fixed costs. 2013 SOURCE: MARKETLINE M AR KE TL IN E The oil and gas equipment and services market is relatively fragmented. measurement-while-drilling (MWD). there is a strong degree of rivalry amongst players operating within the global market for oil and gas equipment and services. and high exit barriers created by the need to divest industry-specific assets on leaving the market. The company manufactures and supplies drill bits. and fixed -cutter polycrystalline diamond compact (PDC) bits. has a wide product portfolio catering to the worldwide oil and natural gas industry. Global .Degree of rivalry Figure 11: Drivers of degree of rivalry in the global oil & gas equipment & servi ces market. rivalry within this market is substantial. there is essentially little to distinguish between the overall services offered by players. Although the oil and gas equipment and services market offers some variation in the services and equipment on offer. Such players usually present similar business models although they do try to diversify their operations somewhat. for example. This increases the degree of rivalry amongst players. Baker Hughes also supplies drilling and evaluation services which include directional drilling. Overall.2118 . The company provides formation evaluation and wireline completion and production services for oil and natural gas wells.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 .

and seismic and microseismic services. pipe recovery. and pressure pumping. Latin America. conventional fishing. reservoir evaluation coring. The company manages its oilfield operations through four geographic segments consisting of North America. Middle East/Asia Pacific. Suite 2100. upstream chemicals. coring drilling systems. PDC or 'diamond'. and drilling and completion fluids. and fluids environmental services. and process and pipeline industries. multilaterals. drilling services. Drilling and completion fluids include emulsion and water-based drilling fluids systems. artificial lift. safety systems. production injection packers. Drilling services includes conventional and rotary steerable systems used to drill wells directionally and horizontally. Wellbore intervention includes products and services used in existing wellbores to improve their performance including thru-tubing fishing. reservoir drill-in fluids. and tubing conveyed perforating. technology. casing exit systems. wellbore intervention.LEADING COMPANIES Baker Hughes Incorporated Table 6: Baker Hughes Incorporated: key facts Head office: 2929 Allen Parkway. tools for coil tubing drilling and wellbore re -entry systems. Baker Hughes operates through five business segments: North America. intelligent production sys tems.com Financial year-end: December Ticker: BHI Stock exchange: New York SOURCE: COMPANY WEBSITE M AR KE TL IN E Baker Hughes is engaged in supplying oilfield services.2013 Page | 20 .Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . thru-tubing inflatables. well integrity testing. and Kymera hybrid drill bits used for performance drilling. drilling optimization services. The company also provides industrial products and services to the downstream chemicals. wireline services. products. Houston. Texas 77019 2118. production logging. Global . Europe/Africa/Russia Caspian. Completion systems includes products and services used to control the flow of hydrocarbons within a wellbore including sand control systems. Wireline services includes tools for both open hole and cased hole well logging used to gather data to perfo rm petrophysical and geophysical analysis. Europe/Africa/Russia. and surface logging. Drill bits includes Tricone. packers and flow control. casing perforation. remedial and stimulation tools. USA Telephone: 1 713 439 8600 Website: www. and wellbore cleanup. and industrial services.bakerhughes. expandable tubu lars. wellbore isolation. liner hangers. hole enlargement and coring. The completion and production products and services consist of the following: completion systems. The main products and services provided by oilfield operations fall into one of two categories: drilling and evaluation or completion and production. The drilling and evaluation products and services consist of the following: drill bits. Latin America.2118 . measurement-while-drilling and logging-while-drilling systems used to perform reservoir navigation services. and the Middle East/Asia Pacific. fluid characterization. and systems to the worldwide oil and natural gas industry.

integrity management and production management for upstream hydrocarbon production. well site supervision.847.096m in fiscal 2013. intelligent well systems. The integrated operations group is focused on the execution of projects that have o ne or more of the following attributes: project management. Pressure pumping includes cementing.0 9.364m in the fiscal year ending December 2013.0 14. Artificial lift includes electric submersible pump systems.0 812. progressing cavity pump systems. as well as improve plant safety and equipment reliability. both onshore and offshore.739.0 Employees 26. Upstream chemicals include chemicals and chemical application systems to provide flo w assurance. Its net income was $1. gas lift systems. compared to a net income of $1.0 21. well construction.900 53.0 8.934.0 27. and artificial lift monitoring.364.0 Total liabilities 4. procurement. chemical injection services.311. Key Metrics The company recorded revenues of $22.0 9.155.101.0 19.0 1.Intelligent production systems includes products and services used to monitor and dynamically control the production from individual wells or fields including production decisions services.421. third party contractor management.439. Table 7: Baker Hughes Incorporated: key financials ($) $ million 2009 2010 2011 2012 2013 9.0 1. Process and pipeline services works to improve efficiency and reduce downtime with inspection.0 26.414.0 22.096.800 61. Downstream chemicals provide products and services that help to increase refinery production.022.0 11.664. pre-commissioning and commissioning of new and existing pipeline systems and process plants.100 57.100 Revenues Net income (loss) Total assets SOURCE: COMPANY FILINGS Global . The industrial services segment consists primarily of the company's downstream chemicals and process and pipeline services businesses. and coil tubing services used in the completion of new oil and natural gas wells and in remedial work on existing wells. and surface horizontal pumping systems used to lift large volumes of oil and water when a reservoir is no longer able to flow on its own. an increase o f 4.0 10.689.311m in the preceding year.361.0 421.2013 Page | 21 .2118 .986. and rig management.831.886. The company also provides project solutions to its customers through the integrated operations group. intervention.0 24.700 58. well monitoring services.0 1. including hydraulic fracturing.0 22. stimulation.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .7% compared to fiscal 2012.

4% 5.9% 2.5%) 49.4% Debt/asset ratio 36.938 Revenue per employee Profit per employee SOURCE: COMPANY FILINGS M AR KE TL IN E Figure 12: Baker Hughe s Incorporated: revenues & profitability SOURCE: COMPANY FILINGS Global .2118 .7% (3.692 $363.8%) 113.1% 4.2013 Page | 22 .4% 4.5% 6.3% 5.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .6%) 100.9% 8.2% 37.8% 6.3% 38.7% 4.651 $15.Table 8: Baker Hughes Incorporated: key financial ratios Ratio 2009 2010 2011 2012 2013 Profit margin 4.6% 7.023 $15.7% 36.3% 35.6% 35.139 $22.450 $343.282 $366.7% 7.296 $17.9% Return on assets 3.4% 3.9% (18.257 $271.6% 8.1% 4.6% 4.292 $30.0% $359.7% Revenue growth Asset growth Liabilities growth (17.1% 7.

2118 .Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .2013 Page | 23 .Figure 13: Baker Hughe s Incorporated: asse ts & liabilities SOURCE: COMPANY FILINGS Global .

sperry drilling. Halliburton boots and coots include well intervention services. Cementing services involve bonding the well and well casing while isolating fluid zones and maximizing wellbore stability. and related downhole tools and services used in drilling oil and natural gas wells. Multi-Chem includes oilfield production and completion chemicals and s ervices that address production. pressure control. intervention. and precise wellbore placement solutions that enable customers to model. including the associated surface package for power. maintenance. and testing services. and Halliburton artificial lift. Landmark software and services. Halliburton boots and coots.2118 . The company's completion and production segment delivers cementing. and consulting and project management. Production enhancement services include stimulation services and sand control services. Europe. drill. and pipeline and process services. fixed cutter bits. the Middle East. cementing. an d optimize their well construction activities. The company serves major. liner hanger systems. Sand control services include fluid and chemical systems and pumping services for the prevention of formation sand production. coring equipment and services are provided to acquire cores of the formation drilled for evaluation. testing and subsea. baroid. Stimulation services optimize oil and natural gas reservoir production through a variety of pressure pumping services. hole enlargement. The segment consists of production enhancement. Halliburton operates through two business segments: completion and production. evaluation. and service tools. control. USA Telephone: 1 281 871 4000 Website: www. Global . and monitoring of the entire lift system. The company's drilling and evaluation segment provides field and reservoir modeling. artificial lift. and production of oil and natural gas. wireline and perforating. repair.com Financial year-end: December Ticker: HAL Stock exchange: New York SOURCE: COMPANY WEBSITE M AR KE TL IN E Halliburton is a global provider of products and services to the energy industry related to the exploration. Completion tools provides downhole solutions and services to the company's customers to complete their wells. measure. pressure control. development. sand control systems. The segment consists of drill bits and services. and provides installation. The company's cementing service line also provides casing equipment. including well completion products and services. and independent oil and natural gas companies throughout the Americas. and drilling and evaluation. drilling.halliburton. and completion services. Texas 77032. and transportation challenges. stimulation. Houston. Halliburton artificial lift offers electrical submersible pumps. and chemical processes. nitrogen services.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . completion tools. intelligent well completions. processing.Halliburton Company Table 9: Halliburton Company: key facts Head office: 3000 North Sam Houston Parkway East. and Asia Pacific. specialty chemicals. commonly known as hydraulic fracturing and acidizing. Drill bits and services provides roller cone rock bits.2013 Page | 24 . Multi-Chem. equipment rental tools and services. In addition. Africa. national.

835. Moreover.677.000 60.2118 .0 2.000 73. completion fluids.000 68.620. and rig site information systems. and subsea safety systems. rock properties. data acquisition services. measurement-while-drilling.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .0 23.0 Total liabilities 7. Landmark software and services is a supplier of integrated exploration. formation and reservoir solutions transform formation evaluation data into reservoir insight through geoscience solutions.0 2. These services include directional and horizontal drilling.608. Sperry drilling provides drilling systems and services. compared to a net income of $2. Borehole seismic services include downhole seismic operations check-shots and vertical seismic profiles. casing and cement integrity measurements.0 18.0 15.402m in the fiscal year ending December 2013.000 80.829.635. and provide the link between surface seismic and the wellbore. surface data logging.0 17.839.000 SOURCE: COMPANY FILINGS Global .125. completion.0 Employees 57. Halliburton's drilling systems offer directional control for precise wellbore placement while providing important measurements about the characteristics of the drill string and geological formations wh ile drilling wells. and related professional and data management services for the upstream oil and natural gas industry.0 16. solids control.461. Baroid provides drilling fluid systems. Consulting and project management provides oilfield project management and integrated solutions to independent.0 29.0 7.2013 Page | 25 . specialized testing equipment. through -casing formation evaluation and reservoir monitoring. The company offers cased-hole and slickline services.973.0 28. an increase of 3. and reservoir fluid properties. logging-while-drilling.Wireline and perforating services include open-hole logging services that provide information on formation evaluation and reservoir fluid analysis.781.0 2. fl uid sampling.0 27.223. Key Metrics The company recorded revenues of $29.145. including formation lithology.0 10. multilateral systems. integrated. performance additives. and well intervention services.538.0 24. pipe recovery services.2% compared to fiscal 2012.635m in the preceding year. surface well testing. and national oil companies. Its net income was $2. and waste management services for oil and natural gas drilling. Testing and subsea services provide acquisition and analysis of dynamic reservoir information and reservoir optimization solutions to the oil and natural gas industry through a broad portfolio of test tools.0 1.410.503.0 1.402.125m in fiscal 2013. which provide perforating. drilling and production software.910.0 29. underbalanced applications. Table 10: Halliburton Company: key financials ($) $ million Revenues Net income (loss) Total assets 2009 2010 2011 2012 2013 14.297. and workover operations.675.0 11.

3% 11.5% 13.4% 9.7% 32.525 $20.132 $390.4% 53.452 $367.750 $36.583 $41.563 Revenue growth Revenue per employee Profit per employee SOURCE: COMPANY FILINGS M AR KE TL IN E Figure 14: Halliburton Company: revenues & profitability SOURCE: COMPANY FILINGS Global .456 $299.8% 6.3% 7.4% 15.8% 3.2% (19.2% Asset growth 15.2013 Page | 26 .1% 14.6% 29.0% 43.Table 11: Halliburton Company: key financial ratios Ratio 2009 2010 2011 2012 2013 Profit margin 7.2% 11.550 $365.8% 10.5% 10.2118 .2% 44.096 $26.0% 10.4% 10.4% Return on assets 7.5% 38.1% 34.7%) 22.2% 7.2% 42.3% Debt/asset ratio 47.6% Liabilities growth 16.8% 1.088 $30.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .5% $257.

Figure 15: Halliburton Company: asse ts & liabilities SOURCE: COMPANY FILINGS Global .2013 Page | 27 .Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .2118 .

well cementing. M-I SWACO is a supplier of drilling fluid systems engineered to improve dril ling performance by anticipating fluids -related problems. drilling and measurements. The drill bits include designs for premium market segments where faster penetration rates and increased footage provide economic benefits in lowering overall well costs. fluid systems.2118 . M-I SWACO. Schlumberger operates through three business segments: drilling group.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . software. Europe.com Financial year-end: December Ticker: SLB Stock exchange: New York SOURCE: COMPANY WEBSITE M AR KE TL IN E Schlumberger supplies a wide range of products and services from seismic acquisition and processing. borehole enlargement technologies. and impact tools. Completions supplies well completion services and equipment that include packers. and specialty equipment designed to optimize wellbore productivity and production technology solutions formulated to maximize production rates. Bits and advanced technologies use proprietary modeling and simulation software for the design of application-specific bits and cutting structures. The production group segment consists of the principal technologies involved in the li fetime production of oil and gas reservoirs and includes well services. as well as environmental services and products to safely manage waste volumes generated in both drilling and production operations. and markets roller cone and fixed cutter drill bits for all environments. Africa. measurement-while-drilling and logging-while-drilling services for all well profiles as well as engineering support. as well as intervention activities. Global . and Schlumberger Production Management (SPM) field production projects. The services include pressure pumping. completions. directional drilling and drilling services. and consulting. carbon services. safety valves. drill bits and drilling fluids. 17th Floor.2013 Page | 28 . Drilling tools and remedial provides a range of bottom hole as sembly drilling tools. Bits and advanced technologies designs. production group. geoservices. and formation evaluation and well testing to well cementing and stimulation. M-I SWACO also provides engineered managed pressure drilling and underbalanced drilling solutions. and reservoir characterization group. and stimulation operations. and information management. Texas 77056.Schlumberger Limited Table 12: Schlumberger Limited: key facts Head office: 5599 San Felipe. and integrated project management well construction projects. The company operates in the Americas.slb. and Asia. well intervention. artificial lift and well completions. artificial lift. Houston. as well as a collection of tubulars and tubular services for oil and gas drilling operations. Drilling and measurements provides directional drilling. USA Telephone: 1 713 375 3535 Website: www. sand control technology as well as a range of intelligent well completions technology and equipment. Well services provide services used during oil and gas well drilling and completion as well as those used to maintain optimal production throughout the life of a well. manufactures. drilling tools and remedial. the Middle East. The drilling group segment consists of the principal technologies invo lved in the drilling and positioning of oil and gas wells and comprises bits and advanced technologies. water services. Geoservices supplies mud logging services for geological and dri lling surveillance.

testing services. reservoir monitoring. for field production projects.5% compared to fiscal 2012. Mexico. Global . information management. and development services. and multi disciplinary reservoir and production solutions. Testing services provides exploration and production pressure and flow -rate measurement services both at the surface and downhole. These models combine the required services and products of the technologies with drilling rig management. an increase of 8. Wireline offers both open-hole and cased-hole services including wireline perforating. as well as expert consulting services for reservoir characterization. Schlumberger Production Management (SPM) field production projects are engaged in developing and co -managing customer assets under long-term commercial agreements.732m in fiscal 2013. WesternGeco provides accurate measurements and images of subsurface geology and rock properties for both customer proprietary and multiclient surveys. Schlumberger Information Solutions (SIS) provide software. and PetroTechnical services.2118 . wireline.Artificial lift provides production equipment and optimization services using electrical submersible pumps and gas lift equipment. Romania. compared to a net income of $5. Its net income was $6. and environmental protection of water resources. WesternGeco is a geophysical services supplier.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . PetroTechnical services offers multi -client data library and petrotechnical training solutions. specialized engineering. and services for the subsea oil and gas market. a joint venture with Cameron International Corporation (Cameron). for well construction projects. providing worldwide reservoir imaging. consulting. systems. field development planning production enhancement. Key Metrics The company recorded revenues of $45. Colombia. management. and to monitor and evaluate well production. and downhole data acquisition.266m in the fiscal year ending December 2013. and Schlumberger Production Management (SPM). Water services specialize in the development. Malaysia. The technology also provides tubing-conveyed perforating services. Schlumberger also offers services to its customers through business models known as Integrated Project Management (IPM). Well intervention develops coiled tubing equipment and services and provides slick line services for downhole mechanical well intervention. and China.2013 Page | 29 . as well as surface horizontal pumping systems.490m in the preceding year. Wireline provides the information necessary to evaluate subsurface formation rocks and fluids to plan and monitor well construction. and project management expertise to provide a complete solution to well construction and production improvement. monitoring. PetroTechnical services supplies interpretation and integration of all exploration and production data types. Schlumberger Information Solutions (SIS). Carbon services provide geological storage solutions including storage site characterizatio n for carbon dioxide. Schlumberger production management field production projects are located in Ecuador. These include WesternGeco. The reservoir characterization group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The joint venture manufactures and develops products. the US. and information technology (IT) infrastructure services that support core oil and gas industry operational processes. Schlumberger has a 40% equity ownership interest in OneSubsea.

701 $39.0 20.5% 39.0 67.9% 8.809.5% 9.5% $294.0 61.8% 17.0 41.9% Debt/asset ratio 42.731.702.9% Return on assets 9.4%) 20.3% 9.0 36.2% 12.6% 11.1% 43.465.732 Profit margin Revenue growth Asset growth Revenue per employee Profit per employee SOURCE: COMPANY FILINGS M AR KE TL IN E Figure 16: Schlumberger Limited: revenues & profitability SOURCE: COMPANY FILINGS Global .0 Total assets 33.0 Total liabilities 14.547.6% 10.0 23.2% 14.653 $368.9% 34.Table 13: Schlumberger Limited: key financials ($) $ million 2009 2010 2011 2012 2013 22.0 45.0 4.016 $40.9% (16.732.0 51.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .5% 4.0 77.7% 6.3% 43.959.490.5% 13.2118 .0 27.071 $353.266.509 $44.4% 10.767.000 123.8% 15.000 118.0 3.0% 9.3% 54.525 $54.100.000 Revenues Net income (loss) Employees SOURCE: COMPANY FILINGS M AR KE TL IN E Table 14: Schlumberger Limited: key financial ratios Ratio 2009 2010 2011 2012 2013 13.221 $46.0 27.689.0 4.000 108.267.7% 12.0 5.4% 40.997.465.000 113.447.0 6.831 $254.0 55.139 $327.1% 2.134.236.201.5% 13.0 26.1%) 42.0% Liabilities growth (6.2013 Page | 30 .323.

2118 .Figure 17: Schlumberger Limited: assets & liabilities SOURCE: COMPANY FILINGS Global .2013 Page | 31 .Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .

solid tubular expandable technologies. liner systems.2013 Page | 32 .weatherford. hybrid lift systems. drilling tools. heavyweight pipe. production. who are primarily operators and drilling contractors. The company offers these drilling tools to its clients. spiders. tongs. reciprocating rod lift systems. completion systems. and choke-and-kill manifolds. adapters. well construction. cementation tools. and pipeline and specialty services. and drilling-with-liner (DwL) systems. and workover of oil and natural gas wells. CHE Telephone: 41 22 816 1500 Website: www. wellhead systems. on a rental basis. The company operates in more than 100 countries located in nearly all of the oil and natural gas producing regions in the world. and other pressure-control equipment used in drilling oil and natural gas wells. The well construction service line offers tubular running services. drill collars. including drilling jars. Weatherford operates through four geographical segments: North America. The completion systems service line offers a comprehensive portfolio of completion tools and sand screens (both conventional and expandable) and reservoir optimization. stimulation and chemicals. These systems supplement the natural reservoir pressures to produce oil or natural gas from the well. drilling ser vices. rotating control devices. The company installs artificial lift systems in oil wells and natural gas wells with insufficient reservoir pressure to raise the produced hydrocarbon to the surface. Middle East/North Africa/Asia. completion. which are required to construct a well.: key facts Head office: 4-6 Rue Jean-Francois Bartholoni. and transmission sectors of the oil and natural gas industry.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 . Europe/West Africa/the Former Soviet Union (FSU). accumulators. hydraulic lift systems. The company's product offerings are classified into ten service lines: artificial lift systems. and tubular handling equipment such as elevators. and drilling jars. SIX. and production optimization. integrated drilling. high-pressure valves. The company designs and manufactures patented tools. gas lift systems. slips.com Financial year-end: December Ticker: WFT Stock exchange: New York. Euronext SOURCE: COMPANY WEBSITE M AR KE TL IN E Weatherford is an energy service and manufacturing company that provides a variety of services and e quipment to the exploration. 1204 Geneva. The artificial lift systems provided by the company include progressing cavity pumps. It also offers a broad selection of in -house or thirdparty manufactured equipment for the drilling. wireline and evaluation services. and Latin America. Global . Table 15: Weatherford International Ltd.Weatherford International Ltd. plunger lift systems. pressure-control equipment such as blowout preventers. These drilling tools include drillpipe and related drillstem tools. and kelly spinners. drilling -withcasing (DwC). controlled pressure drilling (CPD) and well testing. re -entry and fishing.2118 . downh ole tools. The drilling services offered comprise directional drilling. and aluminum alloy tubular products.

fishing and milling. it offers services carried out on permanently installed client equipment that involves inspecting. improving production. The company provides a variety of pipeline and specialty services used throughout the life cycle of pipelines and process facilities.988. Wireline services measure the physical properties of underground formations to help determine the location and potential deliverability of oil and gas from a reservoir.000 61. overshots. casing exits. slickline services.0 21. testing.0 13.0) (345. The integrated drilling service line offers project management services to clients by providing products and services needed to drill and complete a well.: key financials ($) $ million 2009 2010 2011 2012 2013 8. coiled tubing technologies.0 15. in conjunction with surface logging systems and LWD.0 Employees 52.0 22. including the rig. such as removing wellbore obstructions.0 10. cleaning.8 12. Wireline services are provided from surface logging units.981. The re-entry and fishing service line offers services to repair wells with mechanical problems or that need work to prolong production of oil and natural gas reserves.0 13.774. which lower tools and sensors into the wellbore mainly on a single or multiple conductor wireline. The company provides conventional fishing services.337.263. compared to a net loss of $778m in the preceding year.215.4 9. including drilling motors.977.000 70. Fishing services also includes the provision of well patches and extensive plug-and-abandonment products. This service line provides open hole wireline services. All of the company's lands drilling rigs are loca ted outside of North America.7 11. Its net loss was $345m in fiscal 2013. completion. form a data acquisition and interpretation capability that enables clients to use a n integrated approach to formation evaluation and reservoir characterization.0) Total assets 5. and spears. This service line also provides a range of thru-tubing services and products.051. Table 16: Weatherford International Ltd.000 67. or establishing integrity from the wellhead out . and integrated evaluation services. drillstring components. casing cutters. or workover of new and old wells.0 Total liabilities 9. cement services.9 6.220.730. running.706. The company's re -entry services include casing exit services and advanced multilateral systems.0 170.000 55. ind ustrial. In addition. tools. and energy markets worldwide. an increase of . cased hole wireline services.9) 189. drying.Weatherford's wireline and evaluation services.000 Revenues Net income (loss) SOURCE: COMPANY FILINGS Global .3% compared to fiscal 2012.1 (107.795. and drilling fluids.2118 .Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .263m in the fiscal year ending December 2013. geoscience services.1 21. These products and services include fracturing technologies. These services meet all the requirements of the pipeline.0 (778. Specialty fishing tools required in these activities include fishing jars. Key Metrics The company recorded revenues of $15.2013 Page | 33 . zonal isolation packers. The company's stimulation and chemicals service line offers chemical technology and services for production enhancement. milling tools. and other debris that have been lost downhole unintentionally during the drilling. including stuck or dropped equipment. and other well remediation services.977. process.833. chemical systems.0 15.492. onshore and offshore.

806 $3.865 $185.2% 20.4% (3.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .7%) 1.918 $217.3% 19.3%) (8.7% 2.1% 0.1%) (2.098 ($11.2118 .272 ($1.5%) Debt/asset ratio 156.1% 149.Table 17: Weatherford International Ltd.4% 8.833 $212.357 $227.9% (1.3% 8.6% 61.0%) 15.149) Return on assets Revenue per employee Profit per employee SOURCE: COMPANY FILINGS M AR KE TL IN E Figure 18: Weatherford International Ltd.3% (3.1%) 1.5% 224.962) $3.5%) $169.3% 7.114) ($5.: revenues & profitability SOURCE: COMPANY FILINGS Global .4% (1.: key financial ratios Ratio 2009 2010 2011 2012 2013 Profit margin 1.2013 Page | 34 .6%) Revenue growth Asset growth Liabilities growth 14.5% 4.1% 17.7% 27.5%) (1.9% 55.5% (5.3% 62.9% (1.

Figure 19: Weatherford International Ltd.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED M AR KE TL IN E 0199 .2118 .2013 Page | 35 .: assets & liabilities SOURCE: COMPANY FILINGS Global .

MarketLine’s in -house databases provide the foundation for all related industry profiles Preparatory research – We also maintain extensive in-house databases of news.000+ industry interviews and consumer surveys and supported by analysis from industry experts using highly complex modeling & forecasting tools.2118 . all aggregated. analyst commentary. analyzed. which can then be refined according to specific competitive.2013 Page | 36 . including: - National/Governmental statistics - International data (official international sources) - National and International trade associations - Broker and analyst reports - Company Annual Reports - Business information libraries and databases Modeling & forecasting tools – MarketLine has developed powerful tools that allow quantitative and qualitative data to be combined with related macroeconomic and demographic drivers to create market models and forecasts. regulatory and demand -related factors Continuous quality control ensures that our processes and profiles remain focused. which enable our researchers to build an accurate market overview Definitions – Market definitions are standardized to allow comparison from country to country. accurate and up-to-date Global . cross checked and presented in a consistent and accessible style. Review of in-house databases – Created using 250. company profiles and macroeconomic & demographic information. The parameters of each definition are carefully reviewed at the start of the research process to ensure they match the requirements of both the market and our clients Extensive secondary research activities ensure we are always fully up-to-date with the latest industry events and trends MarketLine aggregates and analyzes a number of secondary information sources.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 .APPENDIX Methodology MarketLine Industry Profiles draw on extensive primary and secondary research.

: 1 713 932 0168 Fax: 1 713 932 0497 www.pesa. Suite 310.2118 .Industry associations Petroleum Equipment Suppliers Association 9225 Katy Freeway. Houston.Oil & Gas Equipment & Ser vices © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0199 .2013 Page | 37 . TX 77024. US Tel.org Related MarketLine research Industry Profile Global Biofuel consumption Global Oil & Gas Global Gas Utilities Global .

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