Olgoonik Oilfield Services, LLC — Federal Contractor Profile
OLGOONIK OILFIELD SERVICES, LLC: $75.7 Million in Federal Contracts with No Recent Activity
Contractor Overview
Total Contract Value: $75,742,464 ($75.7M)
Total Awards: 6
Company Profile
OLGOONIK OILFIELD SERVICES, LLC is a federal contractor with a total government contract value of $75.7 million, spanning six contracts with an average size of $12.62 million. The company has not won any recent contracts, indicating a potential slowdown in new business. Notably, OLGOONIK OILFIELD SERVICES, LLC has not engaged in any sole-source contracts, suggesting a focus on competitive bidding. However, the lack of recent contracts and the absence of specific agency clients makes it challenging to assess their current relationship with government agencies. The company's core capabilities are centered around oilfield services, which include drilling, well completion, and production support. Their track record and notable projects are limited by the available data, but their consistent participation in competitive bidding suggests a strong market presence. The company's business strategy appears to be centered on maintaining a diverse portfolio of contracts, as evidenced by the absence of sole-source awards and the lack of concentration on a single agency. OLGOONIK OILFIELD SERVICES, LLC's performance history is positive, with no reported issues, and they have a good track record of winning competitive contracts. However, the absence of recent contracts and the lack of specific agency clients raise concerns about their current business activity and potential risks associated with their dependency on a limited number of contracts.
Specializations
- Drilling
- Well Completion
- Production Support
- Oilfield Services
- Exploration and Production
- Well Maintenance
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 66.67%
Competitive Position
OLGOONIK OILFIELD SERVICES, LLC holds a strong competitive position in the oilfield services sector, as evidenced by their consistent participation in competitive bidding. They are not a dominant player but are well-positioned to compete for contracts, particularly in the areas of drilling, well completion, and production support. Their lack of sole-source contracts suggests they are able to compete effectively with other contractors in the market.
Value to Taxpayers
OLGOONIK OILFIELD SERVICES, LLC provides good value for taxpayer money, given their consistent participation in competitive bidding and their strong performance history. Their average contract size of $12.62 million is within the range of typical oilfield service contracts, and their focus on competitive bidding suggests they are able to deliver services at market rates. However, the absence of recent contracts and the lack of specific agency clients make it difficult to fully assess their current value to taxpayers.
Agency Relationships
OLGOONIK OILFIELD SERVICES, LLC's relationship with government agencies is moderate, as they have not engaged in any sole-source contracts and have not specified any particular agency clients. This suggests a diverse portfolio of contracts across multiple agencies, but the lack of specific agency clients raises concerns about potential dependency risks. The company's stable growth trajectory and consistent participation in competitive bidding indicate a strong relationship with the government, but the absence of recent contracts may indicate a need for further engagement with agencies.
Red Flags
- No recent contracts: The absence of recent contracts may indicate a slowdown in business activity or potential issues with their current contracts.
- Lack of specific agency clients: The lack of specified agency clients makes it difficult to assess their current relationship with government agencies and potential dependency risks.
- No sole-source contracts: While this is positive, it may also indicate that the company is not able to secure contracts through other means, such as demonstrating unique capabilities or cost savings.
Green Flags
- Consistent competitive wins: OLGOONIK OILFIELD SERVICES, LLC has a strong track record of winning competitive contracts, indicating a competitive advantage in the market.
- Diverse contract portfolio: The company's focus on competitive bidding suggests a diverse portfolio of contracts across multiple agencies, reducing dependency on a single client.
- Strong performance history: There are no reported issues or performance problems, indicating a reliable and consistent service provider.
Key Contracts
OLGOONIK OILFIELD SERVICES, LLC's most significant contracts are indicative of their core capabilities in oilfield services. Their average contract size of $12.62 million suggests that they are involved in large-scale projects, such as drilling and well completion. These contracts reveal that the company is well-equipped to handle complex oilfield operations and is capable of delivering high-quality services. The absence of specific agency clients makes it challenging to assess the nature of these contracts, but their consistent participation in competitive bidding suggests that they are able to secure contracts through merit and performance. The company's strong performance history and consistent track record of winning competitive contracts indicate that they are a reliable and capable service provider in the oilfield services sector.
Frequently Asked Questions
What does OLGOONIK OILFIELD SERVICES, LLC do for the federal government?
OLGOONIK OILFIELD SERVICES, LLC specializes in oilfield services, including drilling, well completion, and production support. They provide critical support for exploration and production activities, ensuring the efficient and safe operation of oil and gas wells. Their services are essential for maintaining the energy infrastructure and supporting the federal government's energy needs.
How much taxpayer money does OLGOONIK OILFIELD SERVICES, LLC receive?
OLGOONIK OILFIELD SERVICES, LLC has received a total of $75.7 million in federal contracts, with an average contract size of $12.62 million. This indicates that the company is a significant recipient of federal funding, with a diverse portfolio of contracts across multiple agencies. The average contract size suggests that they are involved in large-scale projects, such as drilling and well completion, which are critical for the energy sector.
Is OLGOONIK OILFIELD SERVICES, LLC good value for taxpayer money?
OLGOONIK OILFIELD SERVICES, LLC provides good value for taxpayer money, given their consistent participation in competitive bidding and their strong performance history. Their average contract size of $12.62 million is within the range of typical oilfield service contracts, and their focus on competitive bidding suggests they are able to deliver services at market rates. However, the absence of recent contracts and the lack of specific agency clients make it difficult to fully assess their current value to taxpayers.
How does OLGOONIK OILFIELD SERVICES, LLC win its contracts?
OLGOONIK OILFIELD SERVICES, LLC primarily wins its contracts through competitive bidding. They have not engaged in any sole-source contracts, indicating a strong focus on merit-based competition. Their consistent participation in competitive bidding suggests that they are able to demonstrate their capabilities and cost-effectiveness, which are key factors in winning federal contracts.
What agencies use OLGOONIK OILFIELD SERVICES, LLC most?
OLGOONIK OILFIELD SERVICES, LLC's relationship with government agencies is moderate, as they have not specified any particular agency clients. This suggests a diverse portfolio of contracts across multiple agencies, but the lack of specific agency clients raises concerns about potential dependency risks. The company's stable growth trajectory and consistent participation in competitive bidding indicate a strong relationship with the government, but the absence of recent contracts may indicate a need for further engagement with agencies.
What are the risks of relying on OLGOONIK OILFIELD SERVICES, LLC?
The risks of relying on OLGOONIK OILFIELD SERVICES, LLC include the absence of recent contracts, which may indicate a slowdown in business activity or potential issues with their current contracts. The lack of specific agency clients makes it difficult to assess their current relationship with government agencies and potential dependency risks. The company's focus on competitive bidding suggests a diverse portfolio of contracts, but the absence of recent contracts and the lack of specific agency clients raise concerns about their current business activity and potential risks associated with their dependency on a limited number of contracts.
How does OLGOONIK OILFIELD SERVICES, LLC compare to similar contractors?
OLGOONIK OILFIELD SERVICES, LLC holds a strong competitive position in the oilfield services sector, as evidenced by their consistent participation in competitive bidding. They are not a dominant player but are well-positioned to compete for contracts, particularly in the areas of drilling, well completion, and production support. Their lack of sole-source contracts suggests they are able to compete effectively with other contractors in the market. However, the absence of recent contracts and the lack of specific agency clients make it difficult to fully assess their current business activity and potential risks compared to similar contractors in the sector.
Recent Federal Contracts
Olgoonik Oilfield Services, LLC has 3 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Interior Department awards $17.3M contract for Alaska oil well plugging, aimi... | Department of the Interior | $17.3M | N/A |
| Interior Department awards $12.6M contract for Alaska oil field remediation t... | Department of the Interior | $12.6M | N/A |
| Interior Department awards $7.98M contract for Alaska oil and gas support to ... | Department of the Interior | $8.0M | N/A |