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The lure of the one-stop oil-exploration services shop

Consolidation in the oilfield services sector is seeing a new breed of organisation developing – the one-stop-shop for all an exploration company's upstream needs, writes Ian Lewis

BAKER HUGHES' acquisition of BJ Services (BJS) reflects the importance accorded to critical mass and the one-stop-shop model in the oilfield services sector. But while smaller companies may be snapped up in coming months by the industry's main players, there is unlikely to be significant consolidation among the larger players. Schlumberger and Halliburton already offer a broad range of services; Weatherford International is not far behind. With big clients, such as national oil companies (NOCs), increasingly looking to award turnkey contracts to single companies, the likes of Baker Hughes are following suit. The Baker Hughes/BJS, deal, worth around $5bn, created a company with a market c

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