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February 28, 2019 How oilfield services consolidation transforms the value chain The oil and gas industry continues to experience one of the sharpest and longest downturns in its history. Unprecedented change is occurring, and a radical transformation of the industry has started. What are the drivers of this consolidation, and how do they differ from previous consolidation waves? How is the oilfield services industry responding, and what are the future expectations? EY’s Global Oil & Gas Transaction Advisory Services Leader, Andy Brogan, provides answers. | |||