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2024 REPORT

State of the Market:
Field Service in Oil & Gas

Research in partnership with Service Council 

41%

of leaders focus on Service Innovation as a top priority in 2024

53%

of FSEs are leaving the industry due to retirement

71%

of frontline workers report higher customer demand

A review of the oil & gas field service industry and a blueprint for success

The energy industry, particularly oil & gas, remains fraught with challenges on many fronts. From geopolitics to customer and workforce evolution, oil & gas is experiencing rapid change that is being felt from the front line to the boardroom across the industry.

In partnership with Service Council, TrueContext has identified trends, insights, and concerns on the horizon and offers a strategic roadmap to overcome them.

Download the report to discover the biggest challenges faced by the oil & gas field service industry.

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What is the TrueContext State of the Market Report?

Every year, TrueContext leverages data from Service Council research to identify trends and insights relevant to oil & gas, medical device, and industrial equipment sectors to help inform customers and operations leaders. With service engineer and field leader responses from across industries and geographical boundaries, the State of the Market report offers a snapshot of the most important issues of the time while proposing a strategic plan to navigate these challenges.

FLNG facility saves 3K hours in 1 year
Moving from paper to digital workflows helped speed up inspections and mitigate shutdowns.
Pesado cuts admin costs by $250K
Energy company digitized field documentation process to significantly reduce admin burden.
Halliburton fast-tracks billing cycle
Energy service provider created real-time invoicing data stream straight from oil rigs.

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