Oil & Gas Field Services in Canada
Operators in the Oil and Gas Field Services industry in Canada have experienced volatile market conditions over the past five years. Sharp declines in the world prices of crude oil and natural gas contracted revenue over the past five years. Over the next five years, IBISWorld projects industry revenue will grow facilitated by an expansion of pipeline infrastructure throughout Canada, which will enable downstream companies to more easily export crude oil and natural gas and charge higher prices for these products on international markets.
Industry operators provide support services to oil and gas extraction companies and mining and quarrying companies. These services include drilling, reserve estimates, pressure pumping, cementing and well maintenance.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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