With newly found capital discipline at the oilfield service companies, investors are now all abuzz with consolidation talk – What fits with what? Who completes whom?
To that end, here’s a handy chart showing what products/services 6 big oilfield service companies provide to E&P customers. This is taken from our Oilfield Market Report, which doesn’t cover every little thing a company like BHGE might do, but certainly covers the overall oilfield well:
Just a couple thoughts from this table:
Weatherford and TechnipFMC hardly overlap. Perhaps they could fit together. Or Weatherford and NOV… a bit more overlap, but quite complementary.
There are some things these companies don’t do: Contract compression, FPSOs, offshore construction, offshore drilling, helicopters, supply vessels, and well servicing. Those big CAPEX services don’t fit well with these six OFS companies.