Superior Energy Services, Inc Overview
Company Headquarters: US
Founded: 1989
Workforce: ~6,400
Company Working: Superior Energy Services, Inc. is one of the leading market players that cater to the drilling, completion, and production-related needs of oil and gas companies, globally, through a diverse portfolio of specialized oilfield services and equipment, which are used throughout the economic life cycle of oil and gas wells. It operates through four business segments, which are drilling products and services, onshore completion and workover services, production services, and technical solutions. Under its drilling products and services segment, the company offers temporary onshore and offshore accommodation modules and accessories and downhole drilling tools, such as tubulars (primary drill pipe strings, landing strings, completion tubulars, and other associated accessories) and bottom hole tools (stabilizers, non-magnetic drill collars, and hole openers). Its onshore completion and workover services include pressure pumping, fluid handling, and workover and maintenance services. Intervention services are offered by the company under its production services segment and includes services to enhance, maintain, and extend oil and gas production, including coiled tubing, cased hole and slickline, hydraulic workover and snubbing, production testing and optimization, and remedial pressure pumping services, during the lifecycle of the well. This segment includes coiled tubing, electric line, slickline services, and pressure control tools & services. The company’s technical solutions includes products and services, which usually address customer-specific needs.
The company operates in three key regional segments, which are the US, the Gulf of Mexico, and International. It competes with companies such as Weatherford International, Ltd, Baker Hughes, Halliburton Company, and Schlumberger N.V.
Strategy
Superior Energy Services, Inc. is focusing on cost reduction. For instance, in 2017, the total general and administrative costs of the company were around USD 51 million, which was lower than in 2016. It believes these cost reductions are beneficial to sustainably compete in the global market. Moreover, the company is also focusing on enhancing factors, such as product and service quality, scope of products and services, and response time to efficiently compete in the global market.
