Well Services Contractors Report 2015

3. Introduction

1

The 2015 Well Services Contractors Report aims to present the key trends observed within the sector in 2014 and provide an insight into the key issues and opportunities on the UK Continental Shelf (UKCS) as identified by these companies. The financial information in this publication is based on the services provided to operators in drilling andmaintaining exploration, appraisal, development and production wells and does not include that which arises from the design, manufacture and sale of drilling equipment. Some of the companies surveyed also have activity in other areas, but these are not included in this report. The data for this report were collected in March 2015 from responses to a survey sent to members of Oil & Gas UK’s Well Services Contractors Forum. The companies included in this report represent the vast majority of activity in the well services contractor sector on the UKCS.

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The companies surveyed include:

5

Altus International

Archer (UK) Ltd

6

Baker Hughes

Frank’s International

7

Halliburton

Read Cased Hole Ltd

8

Schlumberger Oilfield Services

The questionnaire results are illustrated in an aggregated form and, for comparison purposes, data are shown from the earliest available date. Not every member of the forum provided data in response to each question.

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Currency figures are in US dollars and are in money of the day.

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