Procurement Market Intelligence Report
Seismic & Geophysical Services
Sourcing Guide & Market Intelligence
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Seismic & Geophysical Services Global Overview
Definition
Summary
Seismic and geophysical services can vary from well velocity survey services to borehole seismic land acquisition services. Service providers gather, interpret and map geophysical data. Suppliers often specialize in locating and measuring the extent of subsurface resources such as oil, gas and minerals, but may also conduct surveys for engineering purposes. Service providers also use a variety of surveying techniques depending on the purpose of the survey, including magnetic, gravity, seismic or electrical and electromagnetic surveys.
This Report Includes:
- 2D, 3D, & 4D Seismic Surveys
- Vibration & Sound Monitoring
Not in this Report:
- Geotechnical Engineering Services
- Environmental Engineering Services
Global Seismic & Geophysical Services Procurement Trends
Discover the top international trends affecting procurement in the global Seismic & Geophysical Services market.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global Seismic & Geophysical Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 46,910 |
| #2 India | 35,840 |
| #3 Africa & Middle East | 24,720 |
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2
Geography Drilldown - US
Average Cost of Seismic & Geophysical Services
United States
2026 Market Pricing$15,000.00 to $XXX,XXX.XX
per square mileAverage Price
Prices in the Seismic & Geophysical Services market range from $15,000.00 to $XXX,XXX.XX, depending on Distance to the Site, Survey Method, Topography and Size of Surveyed Land. For example, lower prices are associated with , whereas higher prices are associated with .
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Seismic & Geophysical Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Seismic & Geophysical Services market, prices in the US have grown 2.3% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Seismic & Geophysical Services
Total cost of ownership is Low in the Seismic & Geophysical Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Transportation
Billed During
Spare Parts
Unforeseen
Delays
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.7 in the United States. Buyer power is most positively impacted by Availability of Substitutes. It is most negatively impacted by Average Vendor Risk. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Gas Stations
- Computer & Packaged Software Wholesalers
- Industrial Machinery & Equipment Wholesalers
2nd
Tier Suppliers
- Petroleum Refiners
- Computer Manufacturers
- Mining, Oil & Gas Machinery Manufacturers
Biggest Seismic & Geophysical Services Suppliers in the US by Revenue
The largest Seismic & Geophysical Services vendors by revenue in the US are Aecom, Baker Hughes Company and Fugro N.V. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Schlumberger Limited | Global | HOUSTON, TX | >10,000 | 10-15 | ||||
| Baker Hughes Company | Global | HOUSTON, TX | >10,000 | 10-15 | ||||
| Compagnie Generale de Geophysique | Global | Paris, FR | 1,001-10,000 | 10-15 | ||||
| Clean Harbors Inc. | International | NORWELL, MA | >10,000 | 5-10 | ||||
| Fugro N.V. | Global | Leidschendam, NTH | >10,001 | 5-10 | ||||
| Halliburton Company | Global | HOUSTON | >10,000 | < 5 | ||||
| Aecom | Global | DALLAS, TX | >10,000 | < 5 | ||||
| SGS AG | Global | Geneva , CH | >10,001 | < 5 | ||||
| Weatherford International Plc | Global | HOUSTON | >10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Seismic & Geophysical Services market is 13.7% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Many contracts for seismic and geophysical services are multimillion-dollar agreements that also include a number of related company products and services, such as geological data processing and drilling services. Consequently, vendors within this market face lower risk, leading to fewer costs passed on to buyers, causing a downward pressure in price.
Fuel is a critical input that creates risk in the supply chain; when the price of crude oil spikes, fuel prices trend in line. As a result, buyers are subject to higher prices due to increased risk associated with upstream suppliers.
The market for seismic and geophysical services is moderately concentrated, with the top four players accounting for a large portion of the market share, while the majority of the market is composed of small and medium-size firms that cater services to local markets. As a result, market vendors experience moderate competition, leading to downward pressure in pricing.
The United States is a net exporter of rock drilling and earth boring tools, exporting more than it imports. However, this does not directly impact buyers as rock drilling and earth boring tools are purchased by service providers.
Supplier Information
Baker Hughes Company
Baker Hughes Company is a public company operating globally in the mining, manufacturing, manufacturing and professional, scientific and technical services sectors. The company's offerings include inflow control devices, coiled tubing monitoring systems, drilling fluids, hydraulic power tongs, oilfield separators.... Subscribe to learn more
Compagnie Generale de Geophysique
Compagnie Generale de Geophysique is a public company operating globally in the professional, scientific & technical services sector. The company's offerings include seismic monitoring equipment and seismic & geophysical services. Founded in 1931, the company is currently headquartered in Paris, France with... Subscribe to learn more
Schlumberger Limited
Schlumberger Limited is a public company operating globally in the mining, manufacturing, manufacturing, professional, scientific and technical services and other services (except public administration) sectors. The company's offerings include inflow control devices, drilling tools, drill bits, downhole instrumentation,... Subscribe to learn more
Clean Harbors Inc.
Clean Harbors Inc. is a public company operating internationally in the manufacturing, real estate and rental and leasing, professional, scientific and technical services and administration, business support and waste management services sectors. The company's offerings include lubricating oils, dumpster Subscribe to learn more
Fugro N.V.
Fugro N.V. is a public company operating globally in the professional, scientific & technical services sector. The company's offerings include seismic & geophysical services and meteorological services. Founded in 1962, the company is currently headquartered in Leidschendam, Netherlands, Netherlands with Subscribe to learn more
Aecom
Aecom is a public company operating globally in the construction, professional, scientific and technical services, administration, business support and waste management services and healthcare and social assistance sectors. The company's offerings include general contractor services, industrial building &... Subscribe to learn more
Dawson Geophysical Company
Dawson Geophysical Company is a public company operating internationally in the professional, scientific and technical services sector. The company's offerings include seismic data processing services and seismic & geophysical services. Founded in 1952, the company is currently headquartered in MIDLAND, Texas,... Subscribe to learn more
Halliburton Company
Halliburton Company is a products and services provider to the energy industry. It organizes its business into two operating segments: Completion and Production segment, which delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and... Subscribe to learn more
SGS AG
SGS AG is a public company operating globally in the mining, professional, scientific & technical services and other services (except public administration) sectors. The company's offerings include seismic & geophysical services, slickline services, well cementing services, heavy equipment installation & Subscribe to learn more
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Procurement Management KPIs for the Seismic & Geophysical Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Employee Retention Rate and On-Time Completion %. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Uptime and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Employee Retention Rate |
|
Number of employees Number of employees retiring Number of employees quitting |
Employees are the foundation of seismic and geophysical serviced. Without experienced and tenured employees, a vendor's capacity to provide services may falter. Some individual employees may specialize in specific areas within seismic and geophysical services, such as pre-construction surveying. Retaining employees enables vendors to offer more varied and specialized services. |
| On-Time Completion % |
|
Number of projects Number of projects completed on time |
Emergencies, resulting from a vendor's actions or otherwise, can cause delays in service. The rate at which vendors complete on time can help determine if they are more susceptible to delays. Delays and emergencies impede on a buyer's business while also costing them more money. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
What qualifications does your staff have, and what measures do you take to keep those qualifications up to date?
What type of relevant research do you conduct?
Timeliness
What are your primary metrics for internal quality measurements regarding timeliness? Is this data available to clients?
How often do you experience problems with the timeliness of transactions? What is your on-time delivery rate?
Regulation
By what methods do you stay informed about ongoing regulatory changes?
How have you adjusted to new regulations in the market?
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Seismic & Geophysical Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide a description of their company and their primary operations.
Buyers should provide a brief history of their company and recent changes to their structure if relevant to the services.
Statement Of Need
Buyers should provide detailed information regarding the goal of procuring these services.
Buyers should provide a description of each location where they will require the services to be rendered, including details about the geological properties of the locations.
Project Budget
Buyers should state the budget they have allocated for the services being rendered.
Buyers should provide a breakdown of the budget and how much is to be allocated to various portions of the requested services, such as the amount allocated towards data gathering and the amount allocated towards any additional services such as processing.
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Our Reports include:
- Opportunity assessment
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- Buyer power levers
- Price environment and market pricing
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- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
