«Problems of economics and management of oil and gas complex»

The oilfield service abroad: aspects of development

UDC: 658.51.3:334.7
DOI: 10.33285/1999-6942-2022-2(206)-31-37

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia

Keywords: oilfield services, fundamental market shifts, shareholder value, behavior strategies, investment opportunities

Annotation:

The consequences of the energy transition for the development of the oilfield services (OFS) segment and the oilfield services and equipment (OFSE) sector, represented by a set of markets and value chains that operate in different ways depending on their geographic location, business models and well life cycles, are considered. Fundamental market shifts and their consequences are identified; the strategic models of OFSE behavior and the possibilities of their adaptation to the new conditions of the energy transition are analyzed. The OFS companies will need to redefine their differentiated capabilities and build a more sustainable portfolio for the future.

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