Vantage Drilling International (VDI) |
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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.
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*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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