Opportunities and Challenges
All together we may assume that the Service market of the Oil & Gas and Petrochemical sector represents 10% of the Capital Expenditures, so about $50 billion per year.
For End Users, assets management is the key to prevent shut down or safety issues especially in remote locations.
On the Manufacturers side the Service is organized on contractual base signed with the Engineering companies or Contractors, their direct customers, for the duration of the EPC agreement.
In between, Engineering companies provide services until hand over to End Users, then the market is opened again.
For all these companies, local competent labor force remains as a shortage.
Strategic drivers to Market Leadership
In this context, the Distribution & Local Service Market Leadership is taken over by the first one who has developed the business model to:
Our expertise