Fixed Platforms Market Report To 2015

Infield Systems has released the sixth edition of the Global Perspectives Fixed Platform Market Report to 2015. The new report provides a comprehensive forecast and analysis within the traditional backbone of the offshore oil and gas industry. In doing so, the report includes a detailed forecast of capital expenditure and platform installations across the fixed platform market, including conventional piled platforms through to gravity based structures as well as including a detailed analysis of market conditions and potential threats and opportunities.

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The fixed platform market is considered to represent the traditional backbone of the offshore market since its inception and despite the significant growth in production in deeper waters, shallow water fixed platforms are still a vital sector in the offshore oil and gas market; a trend expected to continue during 2011 through to 2015. Given the conventional nature of this market, trends typically seen in the fixed platform market have often been indicative of the overall trends seen in the wider offshore oil and gas industry

In this latest edition of Infield Systems' Fixed Platform Market Report to 2015 the major trends driving development and expenditure in this sector are analysed, as well as potential opportunities and threats to market conditions and the consequent impacts. This includes a comprehensive analysis of the key global and regional drivers affecting each country and platform type over the next five years.

Over the next five years, Infield Systems expects substantial growth throughout the fixed platform market, in terms of platform installations as well as the capital expenditure (Capex) required to develop these projects. Asia is forecast to have the highest amount of Capex required as well as installation activity for fixed platforms compared to other regions over the next five years. Although North America has traditionally been the major region for fixed platform installations, the shift in market conditions for shallow water gas platforms in the Gulf of Mexico (GoM) has resulted in the region expecting much less platform installations than previously witnessed.

Although the economic and financial climate has improved during 2010, there are still concerns and uncertainty that surround the wider oil and gas industry and therefore the offshore fixed platform market too. Factors such as: managing OPEC's market supply, increasing tensions because of the 'Arab Spring' in the Middle East and North Africa and supply constraints have all played a role in this commodity volatility and have wider implications for the offshore industry Indeed, this volatility has ranged from US$80-US$120/bbl over the last year with prices at the time of writing at US$100/bbl.

Independent and National Oil Companies are expected to remain the major forces driving the fixed platform activity in the market over the next five years. Despite the move to deepwater, fixed platforms are evidently part of IOC offshore production, in particular in areas such as Africa, Australasia and in parts of Asia. Likewise, NOCs have taken large strides in the last ten years to develop their shallow water resources through conventional yet effective piled platforms. Independents are another operator type that has a positive outlook within the fixed platform market, typically in the more mature basins of the North Sea in the NWECS.

Piled platforms are expected to be the primary sector within the fixed platform market to attract the majority of expenditure over the next five years, anticipated to represent 87% of global Capex during 2011 through to 2015. Gravity based structures are expected to be the next best represented in terms of Capex despite lacking the large number of platform installations compared to piled platforms over the next five years.
Furthermore, in addition to the thorough analysis and forecasts for the fixed platform market by region and sector, this report also includes a detailed appraisal of the political and commercial environments that could potentially impact offshore installation activity but also expenditure. This includes an analysis on the implications of the United Kingdom tax increase implemented in April 2011 , the shifting dynamics of shallow water production in the United States Gulf of Mexico and the new strategy from Malaysia focusing on sustainability and energy security.

Infield Systems' latest Fixed Platform Market Report is essential reading for those in the industry seeking to understand the latest changes and trends affecting the traditional backbone of the global offshore oil and gas industry.

Report Contents

• Executive Summary provides an overview of the fixed platform market, highlighting the main points of the report as well as identifying the most important trends within the market.
• Global Market Overview reviews the drivers behind the global offshore oil and gas business, including current oil market supply and demand fundamentals, oil price trends, and the growth of deepwater production and its impact on the global oil market. It also provides a comprehensive analysis of geopolitical turmoil in the Middle East and North Africa and the impact on the supply and price of oil.
• Global Fixed Platform Focus provides a comprehensive analysis of the trends and dynamics of the fixed platform market, highlighting key regional, economic and industry drivers, and opportunities and constraints facing operators, contractors and governments. Some of these include the latest tax increase in the UK for offshore infrastructure, the shifting dynamics within the fixed platform market in the Gulf of Mexico, Malaysia's road map to energy security through fixed platform development, the outlook for the conventional and unconventional fixed platform market segments as well as the inter-regional dependency of fixed platform fabrication.
• Regional Analysis & Forecast contains a detailed analysis and forecast for each of the following regions: Africa, Asia, Australasia, Europe, Latin America, Middle East & Caspian and North America. Number of platform installations as well as capital expenditure for each platform type is then broken down by country, platform type, water depth and total weight band. Commentary on key trends and factors within each regional market is also including in this section. Regional maps of forecast fixed platform installations per region are also included in each regional overview.
• Sector Analysis and Forecast contains a breakdown of each of the following fixed platform types: Gravity based Platforms, Piled Platforms, Caisson Platforms, Suction Pile Platforms, Jack-Up Platforms, Gravity/ Jack-Up Fixed Platforms, CPT Platforms. Number of platform installations as well as capital expenditure for each platform type is then broken down by region, water depth and total weight band. Commentary on key trends and factors within each platform sector is also including in this section.
• Appendices includes a glossary, global forecasts and the methodology used for the report.
  
  

Why You Should Buy This Report

• The report contains data developed by Infield Systems' market modelling process, OFFPEX, which is based on a unique "bottom up approach" to forecasting. OFFPEX's component by component and project by project forecasting process is robust and has a proven track record
• The reader is given a comprehensive presentation of the offshore fixed platform market through analysis from macro overviews through to country by country to platform type in terms of both Capex and number of units forecast to be installed.
• Detailed sector analysis appraising the variances in regional, political and country drivers for the offshore fixed platform market providing insight into the trends expected within the market over the next five years revealing insight and potential opportunities for operators, contractors and investors.
  

InfieldLive Fixed Platforms Data Set

Purchasers of the Global Perspectives Fixed Platforms Market Report To 2015 receive 12 months access a database of fixed platforms facilities which are being planned or considered for installation in the current year and four years forward in the North West European Continental Shelf, Southern Europe and Eastern Europe.

The following types of facility are included:

• Caisson
• Conductor Supported
• CPT
• Gravity
• Gravity/Jack-Up
• Guyed
• Jack-Up
• Piled
• Ship-Shaped
• Skirt Plate
• Suction Pile

For each project the following information is provided:

• Region
• Country
• Operator
• Owner
• Facility Name
• Product
• Location
• Date/Year Installed
• Decommissioning Date/Year
• Platform Type
• Construction Material
• Project Status
• Piles
• Water Depth
• Function
• Surface Completed Production Wells
• Surface Completed Injection Wells
• Well Slots on the Deck
• Jacket Weight (Tonnes)
• Total Weight (Tonnes)
• Topside Weight (Tonnes)
• Evacuation or Access Means
• Normally Manned or Unmanned

InfieldLive Service Overview

• A three user single site licence for the period of 12 months
• Access to the latest published data set
• Unlimited access to the data through InfieldLive
• Ability to download the complete data sets to MS Excel, MS Access etc. or to interrogate the information online and export results
• Support, assistance and advice on getting the most from your subscription

InfieldLive Fixed Platforms Data Set Upgrades

InfieldLive Fixed Platforms Data Set access can be upgraded to include the other regions that comprise the global database of fixed platform facilities. In addition Floating Production Systems Online (Professional) and the other data sets from the Infield Offshore Energy Database can be purchased, including: shallow and deepwater fields, subsea completions, pipelines, control lines, offshore loading, supply chain ProjectFlow Contracts Database, vessels, drilling rigs and onshore terminals or LNG and GTL plants and facilities.

Infield Systems' Fixed Platforms and Floating Production Systems Online (Professional) data sets are unique in that they track every worldwide facility from 10 tonne caisson platforms installed in the shallow waters of the Gulf of Mexico, through to the massive gravity based platforms or West African FPSO facilities with a time line of 1947 through to 2025.

Quentin D'A Whitfield
Director | Infield Systems Limited
Telephone: +44 20 7423 5001 (direct) | +44 20 7423 5000 (s/board) | +44 7768 570 850 (cell)
Email: quentin.whitfield@infield.com | Website: http://www.infield.com