Abstract
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Demand Drivers
Industry Trends
World Markets
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The second edition of ‘The World Offshore Operations & Maintenance Market
Forecast’ is now available. Over $335 billion is expected to be spent over the
next five years, with production services dominating this. The market is
recovering from the effects of the global downturn of 2008-2009, although O&M
markets are shown to be considerably less vulnerable to downturn than their
capital-led counterparts. Growth will be driven by a combination of needing to
operate and maintain a vast and aging infrastructure, high oil prices, buoyant
new offshore field development activity and rampant price inflation for
equipment and services.
‘The World Offshore Operations & Maintenance Market Forecast 2012-2016’ contains:
- Unique and proprietary data - historic and forecast spend
breakdowns for Africa, Asia, Australasia, Eastern Europe & FSU, Latin America,
Middle East, North America, Norway, Rest of Western Europe and UK
- Regional forecasts - detailed by production services; asset
services; support services; subsea inspection, repair & maintenance; platform
drilling services and logistics.
- Macro-economic overview - of the market, considering global oil
supply & demand; cost inflation & oil price, the role of offshore production
and the oil & gas supply chain.
- Competitive landscapes - an analysis of the main contractors for
each O&M sector.
Offshore operations & maintenance expenditure 2007-2016
Why buy the report?
This wide-ranging report details all sectors of the offshore operations and
maintenance market, with comprehensive expenditure forecasts for each,
segmented regionally. The report will enable the reader to better understand
where and when to make investment decisions. Geared to senior executives'
needs, the report assumes no previous knowledge of the subject area.
‘The World Offshore Operations & Maintenance Market Forecast 2012-2016’ is
essential for:
- Fabric maintenance & inspection service providers
- Rig contractors
- Offshore engineering & construction companies
- Vessel operators
- Drilling operators
- Companies providing support services
- FPS leasing contractors
- Oilfield services companies
- ROV operating companies
Data Sources
Production & Drilling: data used in both the presentation and market
modelling of this report are from in-house research and databases unless
stated and have been sense checked by official data sources where possible.
Key Assumptions: Although all assumptions used in the development of
market forecasts are inherently speculative we have used published data by
leading industry sources where possible. We have also sense checked volumes of
market expenditure with active players within the relevant market sections
where possible.
Authors
John Westwood, Editor.
John has been described as one of the world's top energy business analysts and
has 40 years' experience in the offshore industries. He spent 12 years in the
industry, working in the North Sea, S E Asia, South America and the USA. This
has been followed by 28 years as a consultant to organisations including
government agencies in six countries, the European Commission's Energy
Directorate and the Office of his Highness the President of the UAE.
Lucy Miller, Lead Author.
Lucy is an analyst with DW and has conducted market analysis on a variety of
DW's commissioned research projects for clients in the oil and gas sector, as
part of commercial due-diligence and published market studies.
Jenny Harbour, Author, Market Modelling.
Jenny joined Douglas-Westwood in 2011 as a Researcher, having previously
worked within the field of industrial energy generation, distribution and
efficiency measures. She is a graduate from the University of East Anglia's
School of Environmental Sciences where she focused her studies on energy
management, low carbon energy technologies and scenarios of peak oil.
Isla Parsons, Supply Chain Analysis.
Isla is a Researcher for DW and is involved in research and market analysis
for a range of sectors throughout the upstream oil & gas supply chain.
About Douglas-Westwood
Douglas-Westwood is an independent company that carries out business research
for the international energy industries. Its market analysis, surveys and
forecasts are used by many of the world's major energy companies, the leading
industry contractors and manufacturing companies, financial institutions and
government departments. In total, DW has clients in more than 70 countries and
to date over 750 projects have been completed in oil and gas, renewable
energy, conventional and nuclear power generation.
Table of Contents
1. Executive Summary & Conclusions
- 1.1. Offshore O&M Market by Region
- 1.2. Offshore O&M Market by Sector
- 1.3. Offshore O&M Costs per Barrel
2. Macro-Economic Overview of the O&M Sector
- 2.1. Global Oil Demand & Supply
- 2.2. Cost Inflation and Oil Price
- 2.3. Role of Offshore Production
- 2.4. Overview of the Offshore Oil and Gas Supply Chain
- 2.5. Overview of O&M Market Sub-Sectors
3. Production Services
- 3.1. Overview of the Production Services Sector
- 3.2. Production Services Methods
- 3.4. Overview of the Production Services Supply Chain
- 3.5. Production Services Competitive Landscape
- 3.6. Key Modelling Assumptions
- 3.7. Production Services - Key Market Drivers
- 3.8. Production Services - Market Forecasts
4. Asset Services
- 4.1. Overview of the Asset Services Sector
- 4.2. Production Platforms
- 4.3. Overview of Asset Services Supply Chain
- 4.4. Asset Services Competitive Landscape
- 4.5. Asset Services - Key Market Drivers & Assumptions
- 4.6. Asset Services - Market Forecasts
- 4.7. Major FPS Leasing Contractors and Their Vessels
5. Support Services
- 5.1. Overview of Offshore Support Service Sector
- 5.2. Overview of the Support Sector Supply Chain
- 5.3. Support Services Sector Competitive Landscape
- 5.4. Key Modelling Assumptions
- 5.5. Support Services - Key Market Drivers
- 5.6. Support Services - Market Forecasts
6. Subsea Inspection, Repair & Maintenance
- 6.1. Overview of the Subsea IRM Sector
- 6.2. Subsea IRM Methods
- 6.3. Overview of the Subsea IRM Supply Chain
- 6.4. Subsea IRM Competitive Landscape
- 6.5. Key Modelling Assumptions
- 6.6. Subsea IRM - Key Market Drivers
- 6.7. Subsea IRM - Market Forecasts
7. Platform Drilling Services
- 7.1. Overview of the Platform Drilling Sector
- 7.2. Overview of the Platform Drilling Supply Chain
- 7.3. Platform Drilling Competitive Landscape
- 7.4. Platform Drilling - Key Market Drivers & Modelling Assumptions
- 7.5. Platform Drilling Services - Market Forecasts
8. Logistics
- 8.1. Overview of the Logistics Sector
- 8.2. Overview of the Logistics Supply Chain
- 8.3. Logistics Competitive Landscape
- 8.4. Key Modelling Assumptions
- 8.5. Logistics - Key Market Drivers
- 8.6. Logistics - Market Forecasts
9. Regional Market Analysis
- 9.1. Africa
- 9.2. Asia
- 9.3. Australasia
- 9.4. Eastern Europe & FSU
- 9.5. Latin America
- 9.6. Middle East
- 9.7. North America
- 9.8. Norway
- 9.9. Rest of Western Europe
- 9.10. UK
Figures
- Figure 1: Comparison of O&M Expenditure
- Figure 2: Offshore O&M Expenditure by Region 2007-2016
- Figure 3: O&M Expenditure by Region 2007-2011 & 2012-2016
- Figure 4: Offshore O&M Expenditure by Sector 2007-2016
- Figure 5: O&M Expenditure by Sector 2007-2011 & 2012-2016
- Figure 6: Offshore O&M Costs per Barrel by Region 2007-2016
- Figure 7: Schlumberger's Big Orange XVIII Well Stimulation Vessel (WSV)
- Figure 8: Offshore Wireline (E-line) Skid
- Figure 9: Implied WSV Dayrates by Region 2007-2016
- Figure 10: Implied Wireline Costs per Day 2007-2016
- Figure 11: The Effects of Natural Production Decline
- Figure 12: Offshore Produced Water 2000-2016
- Figure 13: Offshore Power Generation Capacity by Region 2000-2016
- Figure 14: Average Energy Intensity per Barrel of Oil Equivalent 2011
- Figure 15: Production Services Expenditure by Region 2007-2016
- Figure 16: Production Services Expenditure by Component 2007-2016
- Figure 17: Offshore Power Generation Expenditure by Region 2007-2016
- Figure 18: Average Breakdown of Power Generation Costs
- Figure 19: Produced Water Management Expenditure 2007-2016
- Figure 20: Average Cost Breakdown of Produced Water by Component
- Figure 21: Offshore Cased Hole Wireline Services 2007-2016
- Figure 22: Pumping Stimulation Services 2007-2016
- Figure 23: The Troll A Platform
- Figure 24: Types of Production Platform
- Figure 25: Average Hourly Rates for Fabric Maintenance Work 2005-2016
- Figure 26: The Leased FPS Fleet 1981-2016
- Figure 27: Typical Dayrate Range 2000-2016
- Figure 28: Asset Services Expenditure by Region 2007-2016
- Figure 29: Asset Services Expenditure by Component 2007-2016
- Figure 30: Regional Asset Services 2007-2011 and 2012-2016
- Figure 31: Fabric Maintenance Expenditure by Region 2007-2016
- Figure 32: Fabric Maintenance Expenditure by Platform Type 2007-2016
- Figure 33: FPS Leasing Expenditure 2007-2016
- Figure 34: Leasing Expenditure by Region 2007-2011 & 2012-2016
- Figure 35: Average Personnel Breakdown of a UKCS Platform (100 Berths
- Figure 36: Historic and Forecast Labour Inflation 2000-2016 (indexed)
- Figure 37: Dayrate Comparison in the Offshore Workforce 2007-2016
- Figure 38: Fixed Platform Accommodation Berths 2005-2016
- Figure 39: Floating Platform Accommodation Berths 2007-2016
- Figure 40: Global Support Service Expenditure by Region 2007-2016
- Figure 41: Support Services Expenditure by Sub-Segment 2007-2016
- Figure 42: Support Service Expenditure by Platform Type 2007-2016
- Figure 43: Support Service Expenditure (Fixed Platforms) 2007-2016
- Figure 44: Support Service Expenditure (Floating Platforms) 2007-2016
- Figure 45: Workclass ROV
- Figure 46: Eyeball Class ROV
- Figure 47: Installed Base of Offshore Fixed Platforms1960-2016
- Figure 48: Installed Base of Offshore Floating Platforms 1960-2016
- Figure 49: Global Subsea Completions by Region 2007-2016
- Figure 50: Subsea IRM Expenditure by Region 2007-2012
- Figure 51: Subsea IRM Expenditure by Component 2007-2016
- Figure 52: Field-Related IRM Expenditure 2007-2016
- Figure 53: Subsea Asset Integrity-Related IRM Expenditure 2007-2016
- Figure 54: Subsea Well Intervention-Related Expenditure 2007-2016
- Figure 55: Average Dayrate Comparison for Rig Types 2000-2011
- Figure 56: Total, Contracted & Working Rigs 2000-2016
- Figure 57: Platform Drilling Services Expenditure by Region 2007-2016
- Figure 58: Platform Drilling Services Expenditure by Component 2007-2016
- Figure 59: Drilling Expenditure by Region 2007-2011 & 2012-2016
- Figure 60: Platform Rig & Crew Expenditure by Region 2007-2016
- Figure 61: Well Construction & Integrity Expenditure by Region 2005-2016
- Figure 62: Consumables Expenditure by Region 2007-2016
- Figure 63: S92 (Super Hawk)
- Figure 64: BH412
- Figure 65: AW109 Power
- Figure 66: Average Helicopter Dayrate by Type
- Figure 67: Average Dayrates for PSVs and Crew Boats
- Figure 68: Global Oil and Gas Logistics Expenditure by Region 2007-2016
- Figure 69: Global Oil and Gas Logistics Expenditure by Type 2007-2016
- Figure 70: Helicopter Expenditure by Region 2007-2016
- Figure 71: Oil and Gas Helicopter Fleet Demand 2007-2016 by Region
- Figure 72: Oil and Gas Helicopter Fleet Demand 2007-2016 by Size Type
- Figure 73: Platform Supply Vessel Expenditure by Region 2007-2016
- Figure 74: Crew Boat Expenditure by Region 2007-2016
- Figure 75: Crew Boat Demand by Region 2007-2016
- Figure 76: PSV Demand by Region 2007-2016
- Figure 77: Africa Offshore O&M Expenditure 2007-2016
- Figure 78: Africa O&M Spend 2007-2011 & 2012-2016
- Figure 79: Asia Offshore O&M Expenditure 2007-2016
- Figure 80: Asia O&M Spend 2007-20011 & 2012-2016
- Figure 81: Australasia Offshore O&M Expenditure 2007-2016
- Figure 82: Australasia O&M Spend 2007-20011 & 2012-2016
- Figure 83: Eastern Europe & FSU Offshore O&M Expenditure 2007-2016
- Figure 84: Eastern Europe & FSU O&M Spend 2007-2011 & 2012-2016
- Figure 85: Latin America Offshore O&M Expenditure 2007-2016
- Figure 86: Latin America O&M Spend 2007-2011 & 2012-2016
- Figure 87: Middle East Offshore O&M Expenditure 2007-2016
- Figure 88: Middle East O&M Spend 2007-2011 & 2012-2016
- Figure 89: North America Offshore O&M Expenditure 2007-2016
- Figure 90: North America O&M Spend 2007-2011 & 2012-2016
- Figure 91: Norway Offshore O&M Expenditure 2007-2016
- Figure 92: Norway O&M Spend 2007-20011 & 2012-2016
- Figure 93: Rest of W. Europe Offshore O&M Expenditure 2007-2016
- Figure 94: Rest of W. Europe O&M Spend 2007-2011 & 2012-2016
- Figure 95: UK Offshore O&M Expenditure 2007-2016
- Figure 96: UK O&M Spend 2007-2011 & 2012-2016
Tables
- Table 1: Offshore O&M Expenditure by Region 2007-2016
- Table 2: Offshore O&M Expenditure by Sector 2007-2016
- Table 3: Offshore O&M Costs per Barrel by Region 2007-2016
- Table 4: Offshore Power Generation Expenditure by Region 2007-2016
- Table 5: Produced Water Management Expenditure 2007-2016
- Table 6: Offshore Cased Hole Wireline Services 2007-2016
- Table 7: Pumping Stimulation Services 2007-2016
- Table 8: Fabric Maintenance Expenditure by Region 2007-2016
- Table 9: Fabric Maintenance Expenditure by Platform Type 2007-2016
- Table 10: FPS Leasing Expenditure 2007-2016
- Table 11: Global Support Service Expenditure by Region 2007-2016
- Table 12: Support Services Expenditure by Sub-Segment 2007-2016
- Table 13: Support Service Expenditure by Platform Type 2007-2016
- Table 14: Support Service Expenditure (Fixed Platforms) 2007-2016
- Table 15: Support Service Expenditure (Floating Platforms) 2007-2016
- Table 17: Field-Related IRM Expenditure 2007-2016
- Table 18: Subsea Asset Integrity-Related IRM Expenditure 2007-2016
- Table 19 Subsea Well Intervention-Related Expenditure 2007-2016
- Table 20: Platform Rig & Crew Expenditure by Region 2007-2016
- Table 21: Well Construction & Integrity Expenditure by Region 2007-2016
- Table 22: Consumables Expenditure by Region 2007-2016
- Table 23: Helicopter Expenditure by Region 2007-2016
- Table 24: Oil and Gas Helicopter Fleet Demand by Region 2007-2016
- Table 25: Platform Supply Vessel Expenditure by Region 2007-2016
- Table 26: Crew Boat Expenditure by Region 2007-2016
- Table 27: Crew Boat Demand by Region 2007-2016
- Table 28: PSV Demand by Region 2007-2016
- Table 29: Africa Offshore O&M Expenditure 2007-2016
- Table 30: Asia O&M Expenditure 2007-2016
- Table 31: Australasia O&M Expenditure 2007-2016
- Table 32: Eastern Europe & FSU Offshore O&M Expenditure 2007-2016
- Table 33: Latin America Offshore O&M Expenditure 2007-2016
- Table 34: Middle East Offshore O&M Expenditure 2007-2016
- Table 35: North America Offshore O&M Expenditure 2007-2016
- Table 36: Norway Offshore O&M Expenditure 2007-2016
- Table 37: Rest of W. Europe Offshore O&M Expenditure 2007-2016
- Table 38: UK Offshore O&M Expenditure 2007-2016
The World Offshore Operations & Maintenance Market Forecast 2012-2016 published by Douglas-Westwood in March 21, 2012. This report price starts from US $ 5547.
The contents of this page may be different from the latest version. Please contact us for details.
Offshore Operations & Maintenance - 8% Annual Growth in Expenditure Forecast Through 2016
March 22nd, 2012
Global Information Inc. would like to present a new market research report, "The World Offshore Operations & Maintenance Market Forecast 2012-2016" by Douglas-Westwood.
Over $335 billion worth of expenditure is expected over the next five years on offshore operations & maintenance according to a new report, The World Offshore Operations & Maintenance Market Forecast 2012-2016, by Douglas- Westwood.
Report author Jenny Harbour commented, "In 2011 demand for offshore operations & maintenance services totaled $52.5 billion, having grown at a compound rate of 6.3% over the past five years. Over the next five years we expect a greater compound growth of 8%, as the market recovers from the effects of the global downturn of 2008-2009. This will be driven by a combination of high oil prices, buoyant offshore development activity and rampant price inflation for equipment and services.
"O&M markets are considerably less vulnerable to downturn than their capital-led counterparts. Whilst global offshore drilling activity dropped by an estimated 14% during 2008-2009, total offshore production (the principal driver for all operational activity) grew by 1%. The global offshore O&M market dropped, over the same period, but only by 0.04%, despite widespread price deflation for equipment and services.
"Production services dominate O&M market expenditure. Over the 2007-2011 period, demand for production-related services accounted for 44% of global O&M demand. These services are directly associated with production levels from offshore facilities and are intensified as an oil or gas reservoir matures and requires additional effort to sustain production. The inevitable maturing of offshore fields will drive compound growth of 7.4% in the production services sector as operators struggle to come to terms with decreasing down-hole pressure and increasing water cuts.
Douglas-Westwoods Research Manager, Rod Westwood, concluded, "The Historical dominance of mature western basins is to be challenged in the next five years. From 2007 to 2011, 40% of global demand was accounted for by Western Europe and North America. Although Douglas-Westwood expects market growth in all regions (despite the UK and RoWE regions facing terminal production decline) their share of global demand over the forecast period is expected to drop to 34%. This shift will be driven by a combination of increasing offshore production in regions such as the Middle East and the movement towards deepwater in less mature regions such as Africa and Latin America.
