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Vantage Drilling International  (VDI)
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Vantage Drilling International's

Competitiveness


 

VDI Sales vs. its Competitors Q2 2019



Comparing the results to its competitors, Vantage Drilling International reported Total Revenue increase in the 2 quarter 2019 by 952.55 % year on year.
The sales growth was above Vantage Drilling International's competitors average revenue growth of 12.16 %, recorded in the same quarter.

List of VDI Competitors

With net margin of 92.78 % company achieved higher profitability than its competitors.

More on VDI Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Vantage Drilling International achieved net profit of $590 millions compare to net loss of $-31 millions recorded in same quarter a year ago.

<<  More on VDI Income Comparisons


Vantage Drilling International's Comment on Competitors and Industry Peers


The contract drilling industry is highly competitive. Demand for contract drilling and related services is influenced by a number of factors, including the current and expected prices of oil and natural gas and the expenditures of oil and natural gas companies for exploration and development of oil and natural gas. In addition, demand for drilling services remains dependent on a variety of political and economic factors beyond our control, including worldwide demand for oil and natural gas, the ability of the Organization of the Petroleum Exporting Countries (“OPEC”) to set and maintain production levels and pricing, the level of production of non-OPEC countries and the policies of various governments regarding exploration and development of their oil and natural gas reserves.

Drilling contracts are generally awarded on a competitive bid or negotiated basis. Pricing (day rate) is often the primary factor in determining which qualified contractor is awarded a job. Rig availability, capabilities, age and each contractor’s safety performance record and reputation for quality also can be key factors in the determination. Operators also may consider crew experience, rig location and efficiency. We believe that the market for drilling contracts will continue to be highly competitive for the foreseeable future. Certain competitors may have greater financial resources than we do, which may better enable them to withstand periods of low utilization, compete more effectively in a low price environment, build new rigs or acquire existing rigs. In the current market, contractors that are awarded a job are more often the ones that submit proposals for contracts at very low day rates thereby depressing global pricing.

Our competition ranges from large international companies offering a wide range of drilling and other oilfield services to smaller, locally owned companies. Competition for rigs is usually on a global basis, as these rigs are highly mobile and may be moved, although at a cost that is sometimes substantial, from one region to another in response to demand.





  

Total Segment Market Share Q2 2019

Due to outstanding performance in Total segment, revenue grew by 952.55 % Vantage Drilling International improved its market share, to approximate 16.07 %.





<<  More on VDI Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


VDI's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Vantage Drilling International VDI 0 781 473 930
American Energy Group Ltd AEGG 2 0 -1 2
Atwood Oceanics Inc ATW 606 1,866 161 938
Basic Energy Services, Inc. BAS 28 948 -144 4,100
Baker Hughes A Ge Co Llc BHI 0 23,539 380 62,000
Barnwell Industries Inc BRN 4 11 -9 29
Cameron International Corp CAM 0 9,838 724 28,000
Diamond Offshore Drilling, Inc. DO 775 969 -318 5,200
Dover Corp DOV 14,329 6,808 603 27,000
Energy & Technology Corp. ENGT 0 3 0 93
Ensco Rowan Plc ESV 899 1,691 -684 8,500
Forbes Energy Services Ltd. FES 0 355 -38 843
Halliburton Company HAL 16,581 23,775 1,331 80,000
Nuverra Environmental Solutions, Inc. HEK 0 359 -32 791
Helmerich & Payne, Inc. HP 4,196 2,846 -72 10,352
Independence Contract Drilling, Inc. ICD 61 204 -28 299
Klx Inc. KLXI 3,206 1,628 481 2,900
Loews Corp L 15,373 14,275 699 17,510
Layne Christensen Co LAYN 326 479 -2 3,380
Roan Resources, Inc. LINE 0 364 -249 1,500
Matson, Inc. MATX 1,589 2,245 93 1,056
Nabors Industries Ltd NBR 624 3,123 -573 29,000
Noble Corporation Plc NE 331 1,165 -325 6,000
Nuverra Environmental Solutions, Inc. NES 56 190 -33 0
National Oilwell Varco Inc NOV 8,091 10,730 -5,440 63,642
Newpark Resources Inc NR 650 911 20 1,800
Oil States International, Inc OIS 772 1,064 -43 2,821
Pioneer Energy Services Corp. PES 12 590 -48 1,800
Parker Drilling Co PKD 287 468 -200 2,199
Patterson Uti Energy Inc PTEN 1,713 3,043 -354 3,600
Rowan Companies Plc RDC 1,379 1,120 -50 4,051
Transocean Ltd RIG 2,797 2,852 -1,029 0
Rignet, Inc. RNET 133 243 -71 503
Superior Drilling Products, Inc. SDPI 23 18 -2 43
Schlumberger Limited SLB 45,310 32,831 2,130 120,000
SUBTOTAL 120,155 151,334 -2,648 490,882


             
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