Unsung Workhorses of the Oil Industry

The growth of the oilfield services sector is very much a story of innovation and finding solutions to technological and cost challenges faced by operators. “It is a solutions-driven industry,” explains Alan Kennedy of KPMG. Companies grow by developing proprietary technologies and know-how that can be applied across particular projects which then become an accepted industry service and way of operating. Their specialisation and repeat use of services allow them to achieve economies of scale on technology development – something oil companies cannot do to the same degree.

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