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Vantage Drilling International  (VDI)
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Vantage Drilling International's

Competitiveness


 

VDI Sales vs. its Competitors Q3 2019



Comparing the results to its competitors, Vantage Drilling International reported Total Revenue decrease in the 3 quarter 2019 year on year by -37.04 %, despite revenue increase by most of its competitors of 0.23 %, recorded in the same quarter.

List of VDI Competitors





Revenue Growth Comparisons




Net Income Comparison


Vantage Drilling International recorded net loss , as well as most of its competitors.

<<  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 Q3 2019

overall company, revenue fell by -37.04 % and company lost market share, to approximate 1.59 %.





<<  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 0 757 474 930
American Energy Group Ltd AEGG 1 0 -1 2
Atwood Oceanics Inc ATW 606 1,866 161 938
Basic Energy Services, Inc. BAS 11 880 -156 4,100
Baker Hughes, A Ge Company, Llc BHI 0 23,838 277 62,000
Barnwell Industries Inc BRN 9 14 -8 29
Cameron International Corp CAM 0 9,838 724 28,000
Diamond Offshore Drilling, Inc. DO 516 981 -357 5,200
Dover Corporation DOV 17,599 7,136 678 27,000
Energy & Technology Corp. ENGT 0 3 0 93
Forbes Energy Services Ltd. FES 0 351 -62 843
Halliburton Company HAL 19,399 22,408 -1,129 80,000
Nuverra Environmental Solutions, Inc. HEK 0 180 -26 791
Helmerich & Payne, inc. HP 4,926 2,673 -22 10,352
Independence Contract Drilling, Inc. ICD 43 221 -34 299
Klx Inc. KLXI 3,206 1,628 481 2,900
Loews Corp L 16,048 14,931 871 17,510
Layne Christensen Co LAYN 326 479 -2 3,380
Roan Resources, Inc. LINE 0 414 71 1,500
Matson, Inc. MATX 1,575 2,245 93 1,056
Nabors Industries Ltd. NBR 799 3,111 -562 29,000
Noble Corporation Plc NE 225 1,161 -953 6,000
Nuverra Environmental Solutions, Inc. NES 48 190 -33 0
National Oilwell Varco Inc NOV 8,790 8,479 -6,093 63,642
Newpark Resources, Inc. NR 305 878 15 1,800
Oil States International, Inc OIS 645 1,053 -71 2,821
Pioneer Energy Services Corp. PES 12 587 -69 1,800
Parker Drilling Co PKD 221 468 -200 2,199
Patterson-uti Energy, Inc. PTEN 1,449 2,471 -426 3,600
Rowan Companies Plc RDC 1,379 1,120 -50 4,051
Transocean ltd RIG 2,771 1,632 -1,445 0
Rignet, Inc. RNET 69 239 -68 503
Superior Drilling Products, Inc. SDPI 17 18 -2 43
Schlumberger Limited SLB 47,706 32,917 -10,107 120,000
SUBTOTAL 128,703 145,169 -18,031 482,382


             
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