GLG Network Survey Tracker: Geophysical and Seismic Services II

SURVEY DETAILS

GLG interviewed 60 senior executives within the Geophysical Services industry in the US and Europe (UK, Italy, France, Germany and Spain). This is the second iteration to follow the first from May 2021.

What will you learn from this survey?

• The survey explored the impact of COVID-19 on the geophysical services industry, such as revenue levels and contracts.
• Experts provided their views on the oil price and its resulting demand, alongside other implications for the geophysical services industry.
• Lastly, the research captured respondents’ views on their interest in cloud solutions going forward.

Examples of findings:

• When asked about the impact of COVID-19 on investment towards R&D in the geophysical services industry, 54% of the respondents reported an increase in March 2022, compared to 32% in May 2021.
• 89% of experts stated that cloud storage/computing is a high priority for their company, slight increase from the figures captured in May 2021 (84%).
• In March 2022, 47% of respondents mentioned that the electric vehicles represent the greatest threat to the oil and gas industry, followed by government regulations (27%) and renewable energy (27%).

DELIVERABLES

The GLG Surveys team drafted the questionnaire with the support of GLG Network Member, Mike Edwards, Board Member at Geopost Energy.

The standard deliverable includes: 

• 1 x Individual responses (“raw data”) in Excel.
• 1 x PPT report with aggregated data.
• Executive summary with key takeaways and highlights from the raw data.

SAMPLE QUESTIONS

• What is the level of demand within the following categories of the geophysical services markets?
• Looking at post COVID-19, who are the top performers in the Geophysical services market?
• When do you expect your company’s revenue to recover to pre COVID-19 levels?
• Have any of your contracts been delayed or cancelled as a result of COVID-19?
• To what extent is cloud storage/computing a priority for your company?
• Do you expect cloud storage/computing to become a priority for your company in the next 3 years?
• Within what areas of the geophysical services industry do you see cloud services will play a role?
• What are the top two risks your company currently faces?
• When do you estimate the oil and gas companies to start efforts again to explore for new acreage to add to their future production?

This survey is available to subscribers of the Energy and Industrials (EI) sector (Limited subscriptions and above). This offer includes the raw data file and a high-level presentation through PowerPoint. Please contact your GLG representative for details on your firm’s access.

Request other available and upcoming Network Surveys within the sector:

• Cement Industry – New!​ 
  • 70 senior executives working in the cement industry discussed about ongoing trends and the outlook of the space. These respondents also provided their views on the areas that will benefit the most from the growth in digitalization.
  • Questionnaire was drafted by Gerard Kuperfarb, former Group Head of Growth and Innovation at Holcim Ltd.

• Freight Forwarding – New!​ 
  • 60 executives internationally at freight forwarding companies discussed current trends within the industry and ongoing global implications on demand.
  • Questionnaire was drafted by Lars Bjorn Olsen, former CFO at Norfolkline.

• Modular Space ​ 
  • 50 senior executives within the modular space industry commented on the outlook of the industry, as well as the impact of rising costs.
  • Questionnaire was drafted by John Gill, former CEO at HSS Hire Group.

• GLG Tracker: Airline Executives IV​ 
  • Fourth wave to follow the third wave conducted in August 2021, second wave in February 2021 and initial wave conducted in August 2020. 50 current executives at European airlines shared their opinions on the impact of COVID and economic slowdown currently and longer term on passenger volumes, routes and air travel prices, how asset values will develop in the future.
  • Questionnaire was drafted by Martin Lynch, former Head of Commercial Finance at EasyJet.

DISCLAIMER:

Please be advised that GLG Network Surveys operate differently than traditional GLG consultations, surveys, teleconferences, etc. and it is advisable that you consult with your firm’s legal and/or compliance department to review your use of the product and the payment for such work under your current subscription.

By downloading this document and/or participating in the Network Survey, you understand and agree that the information and material provided by GLG, including survey results and survey proposal information, is provided for your own insight and informational purposes only. You further acknowledge and agree that this is a Network Survey for multiple GLG clients, and the results will be provided to all GLG clients that agree to participate in the Network Survey and GLG clients that agree to purchase the Survey results in the future. All survey results do not constitute investment advice or a recommendation. In using this Survey, you agree to hold Gerson Lehrman Group and the Survey respondents harmless and free of all liability as a result of your use of this Network Survey, other than liability resulting from the gross negligence or wilful misconduct of the protected party. You otherwise agree to be bound by Gerson Lehrman Group’s Usage Policies in your interactions with Gerson Lehrman Group and your receipt of services. These Survey results are for are for client’s own use and client shall not redistribute, disseminate, publish, or display the same, in whole or in part, to any third parties or publicly without the prior written permission of Gerson Lehrman Group, except explicitly set forth in your agreement with GLG. This survey will be double-blinded to both client and respondent. GLG reserves the right to restrict the number of clients that can pre-commit access. These Network Surveys are priced outside of standard GLG subscriptions but at a substantially reduced price to commissioning a fully proprietary GLG Network Survey. Upon finding these terms acceptable, please send an affirmative confirmation via email, which GLG will file in its records. Once confirmed, please note that the Client’s agreement to purchase the Network Survey is a legally binding and irrevocable commitment. If the survey is not included within your subscription, GLG will invoice Client for the fees due for the Network Survey. Please note that some respondents may not be Network Members, and the Terms and Conditions of Network Membership would not apply to such respondents and detailed records for them will not be available aside from the information that GLG captures in the Network Survey.