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Well Construction & Production Services


If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Well Construction & Production Services procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Well Construction & Production Services, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Well Construction & Production Services - Recent Price Trend

In the three years to 2018, service rates for well construction and production services have been falling at an estimated average annual rate of 2.5%. Although falling service rates provide relief to buyers, the significant level of year-on-year price volatility has challenged buyers’ ability to budget accurately for well construction and production.The overall growth in the production rates of.

Well Construction & Production Services - Total Cost of Ownership

This market’s services, which include drilling, logging, completion and production, cover the majority of costs associated with operating a well. As such, total cost of ownership is low. Contracts in this market specify additional fees beyond day, footage or turnkey rates that buyers are responsible for; such fees include the costs of capital goods installed in wells and services provided after.

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About this Report

This report is intended to assist buyers of well construction and production services. Operators in this market provide the equipment, intellectual property and services required by oil and gas companies to drill and complete wells and subsequently extract hydrocarbons from them. Suppliers’ services include drilling, well logging, cementing, perforating, stimulating, well monitoring, production optimization and installation of artificial lift systems. This report does not include permitting and compliance, exploration and plugging services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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