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Vantage Drilling International  (VDI)
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Vantage Drilling International's

Competitiveness


 

VDI Sales vs. its Competitors Q1 2022



Comparing the results to its competitors, Vantage Drilling International reported Total Revenue increase in the 1 quarter 2022 by 189.25 % year on year.
The sales growth was above Vantage Drilling International's competitors average revenue growth of 12.62 %, recorded in the same quarter.

List of VDI Competitors





Revenue Growth Comparisons




Net Income Comparison


Vantage Drilling International recorded net loss , despite income increase by most of its competitors of 0 %

<<  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.





  

Overall company Market Share Q1 2022

Due to outstanding performance in Overall company, revenue grew by 189.25 % Vantage Drilling International improved its market share, to approximate 0.22 %.




<<  More on VDI Market Share.
 
*Market share is calculated based on total revenue.


VDI's vs. Competition, Data

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


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Vantage Drilling International VDI 0.00 197.00 -88.00 930
Basic Energy Services Inc BASX 1 377.22 -160.57 0
Baker Hughes Holdings Llc BHI 0 20,460.00 -386.00 0
Barnwell Industries inc BRN 26 21.86 10.99 29
Diamond Offshore Drilling Inc DO 663 785.11 -927.58 0
Dover Corp DOV 19,166 8,218.12 2,541.60 23,000
Forbes Energy Services Ltd FES 0 160.50 -116.58 843
Halliburton Company HAL 25,816 17,495.00 1,448.00 42,500
Helmerich and Payne inc. HP 4,407 1,771.42 -117.75 10,352
Independence Contract Drilling inc. ICD 47 129.90 -97.37 299
Loews Corp L 13,742 14,360.00 1,820.00 12,200
Matson inc. MATX 3,354 4,765.20 1,397.60 1,056
Nabors Industries Ltd. NBR 1,146 2,267.19 -469.59 0
Leonardo Drs Inc NBSPNBSP 0 2,048.74 86.06 0
Noble Corporation NE 2,024 932.67 -3,964.25 0
Nuverra Environmental Solutions Inc NES 35 97.31 -25.83 0
Nov Inc. NOV 6,956 6,133.00 -87.00 29,593
Newpark Resources Inc. NR 242 701.94 -19.40 1,800
Oil States International Inc OIS 290 647.73 -47.48 2,821
Patterson uti Energy Inc. PTEN 3,157 1,955.99 -451.71 3,600
Transocean ltd RIG 2,387 2,525.00 -633.00 0
Rignet Inc RNET 186 207.92 -45.53 503
Superior Drilling Products Inc SDPI 26 15.04 0.72 43
Schlumberger Limited SLB 50,260 24,807.00 2,663.00 86,000
SUBTOTAL 133,930.19 111,080.43 2,329.91 215,569
       
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