Report: Overhauling oilfield service business models a priority in 2020





A new report from Deloitte lays out a battle plan for the struggling oilfield service sector to return to profitability. Photo: Michael Ciaglo, Staff / Houston Chronicle / Michael Ciaglo


A new report from Deloitte lays out a battle plan for the struggling oilfield service sector to return to profitability.


A new report from Deloitte lays out a battle plan for the struggling oilfield service sector to return to profitability.

Photo: Michael Ciaglo, Staff / Houston Chronicle



photo




Photo: Michael Ciaglo, Staff / Houston Chronicle



A new report from Deloitte lays out a battle plan for the struggling oilfield service sector to return to profitability.


A new report from Deloitte lays out a battle plan for the struggling oilfield service sector to return to profitability.

Photo: Michael Ciaglo, Staff / Houston Chronicle




Report: Overhauling oilfield service business models a priority in 2020

The struggling oilfield service sector can earn $20 billion more in annual revenue, if companies make five changes to adapt to the new $50 per barrel market reality, a new report from Deloitte says.

Looking at the business models and financial performance of 70 oilfield service companies around the world, analysts with Deloitte have released a new report entitled, “Down But Not Out: Transforming Oilfiel