During the recent downturn, many companies across the Oilfield Services (OFS) sector began to lean on excess inventory during times of low utilization, often pulling from available inventory while delaying repair and maintenance turns. This practice is understandable but can distort full-cycle profitability and return metrics.

In the second of a series on margin improvement opportunities across the OFS sector, we explore the application of Repair and Maintenance (R&M) Standard Costs for tracking and improving costs, margins and pricing strategies.

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Read the first report on Rental Tools – Tracking Full-Cycle Profitability and Utilization
to Improve Margins and Guide Capital Re-Investment Decisions