Journal of Accounting and Finance Management (JAFM)
Vol. 7 No. 3 (2026): Journal of Accounting and Finance Management (July - August 2026)

Competitive Strategy For a Niche Oilfield Service Company in Indonesia: a Case Study of Vikingr

Danial Wildansyah (Institut Teknologi Bandung, Bandung, West Java, Indonesia)
Gallang Perdhana Dalimunthe (Institut Teknologi Bandung, Bandung, West Java, Indonesia)



Article Info

Publish Date
21 Jul 2026

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.

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Journal Info

Abbrev

JAFM

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Accounting and Finance Management (JAFM) is a peer-reviewed journal published by Dinasti Research, Dinasti Foundation, Indonesia six times a year. JAFM aims to publish articles in the fields of accounting, finance, and management that make a significant contribution to the development of ...