The Global Perspectives Fixed Platforms Market Update Report 2008/12
- new fixed platforms market sector report forecasts 30% growth -
City of London based energy analysts, Infield Systems Limited have published the second edition of the fixed Platforms Market Update, the unique global forecast for the fixed platform sector, based upon the entire inventory of all offshore fixed platforms. Infield is an industry leader in providing detailed project information, analysis, forecasts and market due diligence for the offshore oil and gas industry.
Infield forecasts that Capex spend over the next five years for the fixed platform market is expected to be $60bn. This is an increase of over 30% compared to the previous five years. While global numbers of platform units will only increase 8%, there will be a dramatic increase in activity in Africa and Asia . In these two regions alone the increase is expected to be a staggering 245 units or 60% increase over the previous five years. Australasia will see its forecast spend increase from $800m to $2bn. In Europe, with the UK needing to shore up its gas supplies, fixed platform expenditure is expected to account for 36% of the European forecast, with the Netherlands following with 23%.
If current trends continue North American will see a dramatic fall in the number of new platform installations in the Gulf of Mexico . Yet despite this, in terms of the regional dispersion of forecast fixed platform installations, it will still hold the largest share, at thirty per cent of the total number of fixed platforms installed between 2008 and 2012.
The global forecast is expected to peak in 2008, with the expected spend of $13.8bn falling to $9.2bn in 2012. The majority of this decline is due to Asia where in 2009 we expect an increase in annual spend of 90% compared to 2006, but by 2012 this annual spend will fall back to the 2006 level. Beyond 2009 we also expect to see declines in spend in Europe, Latin America and of course North America.
The decline in fixed platforms is partly offset by the growth of the floating production market. This growth has been driven by a decline in the number and size of new discoveries and access problems to reserves in certain shallow water regions. Those active in and pursing this market need to know exactly where the opportunities are and these are set out in the Global Perspectives Fixed Platform Market Update.
Report Contents:
- Summary & Conclusions provides an executive overview of the global fixed platform 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 Middle East & Caspian Sea and North America) an overall forecast with analysis by type of platform, including Caisson, CPT, Gravity, Jack-up, by water depth and by total weight for both units and spend
- Component Analysis & Forecasts provides forecasts for each element of the fixed platform sector for the period 2003 to 2012.
- Global Forecasts provides a comparative analysis of this reports forecast to the 2007 forecast in the previous edition, 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 fixed platform market using conventional and alternative model profiles
InfieldOnline Access:
- Purchasers of the Global Perspectives Fixed Platform Market update receive 12 months access to an online database of fixed platforms being planned or considered for development between 2008 and 2012, in the North Sea and the rest of Europe (please note that other regions and time frames are available at additional costs). 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;
- Operator
- Facility Name
- Facility Type
- Water Depth
- Location
- Weights (Topside, Jacket & Total)
- Project Status
- Topside Function
- Product
- Construction Material
- Date / Year Installed
- Planned Date / Year for Decommissioning
- Manned / Unmanned
- Access Means (Helicopter, Bridge, Boat)
- Wells (Production, Injection, Slots)
- Numbers of Piles
- Subscriptions can be upgraded to include all other regions, operational platforms and data sets from the Offshore Energy Database
Infield Systems Limited Overview:
Infield Systems is an energy analysis and research organisation that is dedicated to the provision of accurate and up-to-date data, market sector reports, mapping, analysis and forecasts to the offshore oil and gas and marine industries. Infield services clients in over 40 countries from a wide range of organisations including E&P companies, contractors, manufacturers, government agencies and the financial community. Infield is widely acknowledged as the definitive independent information resource and in the 18 months to the end of 2007 has been involved in US$9bn of merger, acquisition and transaction market due diligence.
For further information please contact:
Steve Adams
International Sales Manager
Infield Systems Limited
Suite 502, 1 Alie Street
London E1 8DE
United Kingdom
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 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
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