Oil & Gas Software - Sampford's Proprietary Research
Since 2016, dollars invested and number of capital raises have declined 46% and 38%, respectively. The US and Europe remain the top regions for investment, showing that sizable crude oil reserves are not necessarily a prerequisite for producing leading oil & gas technology companies (take Russia and the UAE for example who have LOTS of reserves but have limited investment in the oil & gas technology vertical).
From 2014 through 2018, a total of 84 transactions took place which accounted for US$1.9bn dollars invested. While oil prices have fully yet to rebound, we’ve still seen an upward trend in the volume of M&A transactions taking place.
From upstream use cases such as finding supply all the way to downstream use cases such as marketing, the many applications of software in the oil & gas space can be summarized below.
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