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All Journal Journal of Accounting and Finance Management (JAFM)
Danial Wildansyah
Institut Teknologi Bandung, Bandung, West Java, Indonesia
Economics, Econometrics & Finance

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Competitive Strategy For a Niche Oilfield Service Company in Indonesia: a Case Study of Vikingr Danial Wildansyah; Gallang Perdhana Dalimunthe
Journal of Accounting and Finance Management Vol. 7 No. 3 (2026): Journal of Accounting and Finance Management (July - August 2026)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v7i3.3505

Abstract

Indonesia’s upstream oil and gas industry is maturing, making well intervention and plug-and-abandonment central to sustaining production. Between 2025 and 2030 the country may see roughly 16,143 intervention and 2,340 plug-and-abandonment activities, with cumulative spend near US$616 million and US$398 million, while a one-million barrel-per-day production target and local-content thresholds of 55 to 75 percent reshape competition. This study asks how Vikingr, a Scandinavian niche specialist operating in Indonesia, can expand and sustain growth in this market. Using an instrumental single-case study with three semi-structured interviews of senior operator decision-makers and triangulated secondary data, the analysis applies the focus strategy, the resource-based view, supplier-selection theory and the Strategy Diamond, supported by environmental, industry, segmentation and synthesis frameworks. The most defensible position is operational problem-solving with specialized well-barrier and abandonment tools; technical capability alone is insufficient, as trust depends on documented performance, transparent communication, early engagement and assurance documentation. The proposed strategy is a phased Defend, Deepen and Diversify roadmap built on fit-for-purpose tools, an assurance pack and risk-adjusted value pricing. The contribution is contextual and managerial rather than theoretical.
Co-Authors Dalimunthe, Gallang Perdhana