The oil services sector provides rigs, equipment, people, services and technology to exploration and production (E&P) companies. As the sustained oil price drives increased exploration and development budgets, the demand for rigs and specialist services is booming.
The sector is seeing price inflation and a shortage of capacity:
Oil basins in OECD countries are maturing and declining. Meanwhile, state-owned oil companies in the countries with major reserves are increasingly bypassing the oil multinationals and contracting directly with independent oil services providers.
We support oil services businesses that can adapt to this changing landscape and succeed by:
