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Jakarta Post
The Jakarta Post
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Long-term survival for oilfield service providers

  • Ethan Phillips and Marco Cioffi

Jakarta | Thu, September 8 2016 | 09:14 am

PREMIUM Until oil prices began to drop in 2014, North America’s oilfield services and equipment companies enjoyed a relatively smooth ride.

Over the previous decade, upstream E&P operators outsourced much of the work across a growing industry, paying a premium for availability when activity surpassed capacity.

Prices for equipment and services soared, and Oil Field Services & Equ...