Well Services Report 2014

3. Introduction This report aims toprovidean insight into theongoingperformanceof theUKwell services contractor sector and highlights the key issues facing these companies on theUKContinental Shelf (UKCS). Thefinancial information is fromservicesprovidedtooperators indrillingandmaintainingexploration,appraisal,developmentandproduction wells, anddoesnot include thatwhicharises from thedesign,manufactureand saleof drillingequipment. Thedata for this reporthavebeencollated from responses toaquestionnaire thatwasdistributed tomembersof Oil &GasUK’sWell Services Contractors Forum. This year, an additional two companies respondedwithdata for the report,which strengthens theoverall representationof contractorswithin thepublicationandcovers thevast majority of activity in thewell services contractor sector on theUKCS. The datawere collected during February andMarch2014 1 .

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The companies surveyed include:

AkerQserv Archer (UK) Ltd BakerHughes

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ExproNorthSea Ltd FMCTechnologies Ltd Franks International GEOil&Gas Halliburton ReadCasedHole Ltd SchlumbergerOilfieldServices

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The questionnaire results are illustrated in an aggregated form and, for comparison purposes, data are shown from theearliest availabledate. Not everymember of the forumprovideddata for eachquestion.

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Currencyfigures are inUSdollars andare inmoneyof theday.

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1 An EY report (commissioned by Oil &Gas UK) on the UK UpstreamOil and Gas Supply Chain – Economic Contribution is available to download at www.oilandgasuk.co.uk/knowledgecentre/economic-contribution.cfm. The section in this report onwell services contractors encompasses databeyond themembershipof Oil &GasUK’sWell Services Contractors Forum and includesfinancial informationarising from thedesign,manufactureand saleof drillingequipment.

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