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Wednesday, March 21, 2012

Top 10 Oilfield services companies

As an oilfield solids control equipment company,here we collect World’s Top10 biggest oilfield services companies list
1. Schlumberger(
2. Halliburton(
3. Saipem (
4. Transocean(
5. Baker Hughes(
6. Fluor(
7. Weatherford International(
8. BJ Services Company(
9. Petrofac(
10. China Oilfield Services Ltd.
(Revenues in $)
1. Schlumberger ($ 27.16 bn) Top 1 Biggest oilfield services company
When Conrad and Marcel founded the initial incarnation of Schlumberger
in France back in 1926, I’m sure even they didn’t know that it would one
day become the largest oilfield services company in the world.
Schlumberger now operates in around 80 countries and has a staggering
82,000 employees. The company, registered in the Dutch Antilles and
headquartered in Houston, Paris and The Hague supplies numerous products
and services including seismic acquisition and processing, formation
evaluation, well testing and directional drilling, well cementing and
stimulation, artificial lift, well completions and consulting, and
software and information management.
The CEO of the company, Andrew Gould, started work in the internal
audit department at Schlumberger’s Paris office in 1975. Since then he
has held a number of positions within the company before assuming his
current role in 2003.
In the Middle East Schlumberger are involved in numerous large scale
projects for companies including Saudi Aramco, including the huge Dharan
field, Abu Dhabi National Oil Company (ADNOC), Kuwait Oil Company (KOC)
and Qatar Petroleum (QP) among many others.
2. Halliburton ($ 18.28 bn) Top 2 Biggest oilfield services company
Although Halliburton has to settle for second place, there is no doubt
that due to various controversies over the last decade, the company is
far more famous than an oilfield operator should. A view, if you read
the various disclaimers on its website, shared by Halliburton
The company started out in 1919 specialising in cementing oil well walls
in Texas. Today Halliburton has 57,000 employees and operates in around
70 countries. The company has dual headquarters in Houston and Dubai
and provides technical products and services for oil and gas exploration
and production.
The CEO of Halliburton, David J. Lesar, caused controversy in 2007
after announcing that he was moving to Dubai and would run operations
from the Middle East. The move was believed to be in line with the
company’s growth in the region. Lesar said at the time: “As the CEO, I’m
responsible for the global business of Halliburton in both hemispheres
and I will continue to spend quite a bit of time in an airplane as I
remain attentive to our customers, shareholders and employees around the
The move seems to have paid off and Halliburton has recently won some
blue-chip contracts in the Middle East including Saudi Aramco’s Manifa
offshore field and the giant Khurais field in the Saudi desert.
3. Saipem ($ 14.1 bn) Top 3 Biggest oilfield services company
A subsidiary of Italian energy company ENI, Saipem is one of the largest turnkey contractors in the oil and gas industry.
Founded in 1957, the Italian company has made its name handling the
oilfield services for a number of challenging projects both on and
offshore. With over 30,000 employees operating in all the major oil and
gas producing nations, the company has earned a reputation in the
industry for achieving results.
Saipem own and operate over 50 vessels that deal with all aspects of
offshore construction and services activities including drilling and
pipe laying.
The company has a number of high profile contracts in the Middle East
and works with most major NOCs including Saudi Aramco, ADNOC and
4. Transocean ($ 12.67 bn) Top 4 Biggest oilfield services company
Transocean is the world’s largest offshore drilling contractor. The
company rents out floating, mobile drill rigs, along with the equipment
and personnel needed for operations, to oil and gas companies.
The company was founded in the US, but is currently headquartered in
Geneva, Switzerland. Transocean employs around 26,300 people and has
offices in 20 countries around the world. Transocean has a fleet of 136
vessels and units. Company’s day rates day rates currently extend as
high as $ 650,000 for its deepwater drillships, which house dual
activity derricks and are capable of drilling in ultra-deep ocean depths
of 10,000 feet.
5. Baker Hughes ($ 11.86 bn) Top 5 Biggest oilfield services company
Yet another oilfield services company headquartered in Houston, Texas.
Baker Hughes provides the hydrocarbons industry with reservoir
consulting and products and services for drilling, formation evaluation,
completion and production.
With almost 40,000 employees operating inover 90 countries, Baker Hughes
is an amalgamation of numerous companies whose combined history can be
traced back to the early 1900s. The Hughes section of the name actually
comes from Hughes Tools Company which was owned by the father of
legendary American entrepreneur, aviator and recluse Howard Hughes.
The company has numerous large contracts with all the Middle Eastern
NOCs such as Saudi Aramco, Qatar Petroleum and ADNOC as well as
interests in places as diverse as Kazakhstan and Algeria.
6. Fluor ($ 22.326 bn) Top 6 Biggest oilfield services company
In regards to revenues Fluor finishes above both Halliburton and Baker
Hughes, but due to the companies various interests in other industries
only manages to finish fourth on the list. A Fortune 500 company,
headquartered in the Las Colinas area of Irving Texas, Fluor employs
over 41,000 people and has offices in 25 countries.
In regards to oilfield services the company provides the full range
including. enhanced oil recovery systems, steam-generating plants, gas
compression and injection systems, production systems for conventional
fluids, gathering systems and separation systems. (gas-oil-water
separation; gas and oil dehydration, desanding, desalting, and
Contracts in the Middle East include the $ 9 bn Manifa offshore
oilfield development as well as working closely with numerous other NOCs
including the Kuwait Oil Company.
7. Weatherford International ($ 7.8 bn) Top 7 Biggest oilfield services company
Weatherford is a provider of products and services that span the
drilling, evaluation, completion, production and intervention cycles of
oil and natural gas wells.
Started in the US in 1948, Weatherford employs around 46,700 employees
and operates in more than 100 countries. The company provides a whole
host of services including drilling, evaluation, conveyance, completion
systems, production, maximising recovery and well optimisation.
The company works extensively in the Middle East with a number of
high profile companies including the ubiquitous Saudi Aramco and ADNOC
as well as having ongoing projects across the Gulf region.
It was also recently announced that Weatherford are drilling a number of wells at the al-Bazrakan field near Armara in Iraq.
8. BJ Services Company ($ 4.08 bn) Top 8 Biggest oilfield services company
Founded way back in 1872 BJ Services Company is based in Houston, Texas.
The company has over 13,000 employees and operates in over 50 countries
BJ Services provides various oilfield services including, pressure
pumping, cementing and stimulation services, remedial work, completion
tools, completion fluids, casing and tubular services, production
chemical services, and pre-commissioning, maintenance and turnaround
services in the pipeline and process business, including pipeline
BJ Services has a number of ongoing projects around the Middle East including the huge QatarGas project in Qatar.
9. Petrofac ($ 3.34 bn) Top 9 Biggest oilfield services company
Petrofac is an oilfield services company based n London. It has over
11,000 employees and operates out of 24 offices worldwide. The company
has seven business units providing a variety of services to the oil and
gas industry including operations management, engineering, construction
and maintenance.
Petrofac has extensive interests in the Middle East and North Africa
region and has recently won around $ 5 bn worth of contracts including a
$ 2.3 bn contract by Abu Dhabi Company for Onshore Oil Operations
(ADCO) for the full development of the onshore Asab oil field, a $ 543
mm lump-sum contract by Kuwait Oil Company and a $ 2.2 bn engineering,
procurement and construction (EPC) contract for the El Merk central
processing facility in the Berkine Basin of Algeria.
10. China Oilfield Services Ltd. ($ 1.23 bn) Top 10 Biggest oilfield services company
The Beijing-based China Oilfield Services Ltd (COSL), is state-controlled, but also trades on the Chinese stock exchange.
Founded in 1967, COSL has around 8,500 employees and its services cover
exploration, development, and production of offshore oil and natural gas
operations. Its four business segments are drilling services, well
services, shipping, and geophysical services.
COSL claims a 95 % share of China’s market for offshore drilling
services, 70 % of the marine support and transportation market, 60 % of
the well survey services market and more than 50 % of the seismic data
collection market.While active in the Middle East, COSL is believed to
be looking at a number of acquisition targets to further increase its
presence in the region.

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