The Global Perspectives Subsea Market Update Report 2008/12
- new subsea sector report forecasts growth -
City of London based energy analysts, Infield Systems Limited have published the fourth edition of the Subsea Market Update, the global forecast for the subsea oil and gas industry. Infield is an industry leader in providing detailed subsea sector project information, analysis, forecasts and market due diligence.
Infield forecast that US$106bn is to be spent on the global subsea market over the next five years, including drilling and completion, subsea equipment and SURF pipelines and control lines. This forecast spend is a 65% increase on the previous five years to 2003/07. There are however some considerable regional variations within this global increase. For example, Africa will see an increase to US$31bn from US$17.5bn, whilst Asia and Australasia will see large increases in spend from US$3.7bn to US$16.8bn. In Europe and North America the expected increase is 20% to US$39.7bn and finally Latin America will see a 69% increase in send to US$17.6bn.
2008 is expected to be a great year for tree manufacturers with 263 trees expected to ordered for Africa. Projects like Pazflor, Plutao/Saturno, Block 15, Usan and Bonga Southwest are driving this forecast. In addition to Africa, North and Latin America, Europe are dominating the subsea tree award market.
The Global Perspectives Subsea Market Update identifies 2,408 subsea wells which are forecasted to be installed and come on stream between 2008 and 2012 compared to the 1,467 in the period 2003 to 2007.
Report Contents:
- Summary & Conclusions provides an executive overview of the global subsea forecast in terms of units and value for the period 2008 to 2012.
- Global Market Context looks at the supply and demand issues within the industry, offshore market overview, comparative analysis of the conventional and surf markets with forecast development costs of major projects. Analysis of commodity pricing, price versus activity levels analysis, geopolitical overview including discussions on operator types, including National Oil Companies
- Regional Analysis & Forecasts provides for each region (Africa, Asia, Australasia, Europe, Latin America, and North America) an overall forecast with analysis by development types, water depths and operator and sector forecasts in terms of units and values for drilling and completion, equipment including trees, manifolds and templates, pipelines and control lines.
- Component Analysis & Forecasts provides forecasts for each element of the subsea sector forecast. New to this edition is an analysis of tree orders actual and forecast for the period 2003 to 2012.
- Global Forecasts provides a comparative analysis of the 2008 forecast to the 2006 subsea forecast, along with review and analysis of variance in terms of activity and expenditure. All of the regional and sector forecasts are brought together to complete the global subsea market using conventional and alternative model profiles.
InfieldOnline Access:
- Purchasers of the Global Perspectives Subsea Market update receive 12 months access to an online database of major subsea projects (projects being developed with four or more subsea wells) being planned or considered for development between 2008 and 2012, worldwide. InfieldOnline is updated weekly information, where the user can download their complete subscription or run detailed online searches and export the results to use offline.
- The following information is provided about each project;
- Field Operator
- Project Name
- Project Name
- Development Type
- Date On Stream,
- Date Discovered
- Depletion Date
- Field Reserves
- Field Production Rates
- Water Depth
- Current Project Status
- Numbers of Subsea Wells by Project Status
- High Temperature / High Pressure
- Subscriptions can be upgraded to include all subsea fields and other field types and data sets from the Offshore Energy Database
For further information please contact:
Steve Adams
International Sales Manager
Infield Systems Limited
Suite 502, 1 Alie Street
London E1 8DE
UK
T: +44 (0)20 7423 5000
F: +44 (0)20 7423 5050
E: data@infield.com
2008 Events Diary:
Infield Systems Limited takes part in several events throughout the year. The following is the list to date:
- Subsea 08, Aberdeen, 14 February 2008. ISL will be exhibiting on stand 10.
- Deep Offshore Technology International, Houston, 12-14 February 2008. ISL's Director of Analytical Services will be presenting a paper "Deepwater Developments, opportunities in the next phase".
- Subsea Tie Back Forum, Galveston, Texas, 3-5 March 2008, ISL will be exhibiting on booth 204.
- Offshore Asia, Kuala Lumpur, Malaysia, 17-19 March 2008, ISL's Director of Analytical Services will be presenting a paper on Asian oil and gas markets to the conference and ISL will be exhibiting on booth 405.
- Offshore Technology Conference, Houston, 5-8 May 2008. ISL will be exhibiting at OTC on booth 2557.
- Offshore Northern Seas, 26-29 August 2008. ISL will be exhibiting at ONS
- Deep Offshore Technology, Perth, Australia 3-5 December 2008. ISL will be exhibiting at DOT.
T: +44 (0)20 7423 5000 F: +44 (0)20 7423 5050