|
|
 |
|
Viewing report
|
|
|
|
The Future of the Offshore Oil and Gas Industry To 2020
Global Markets Direct, Nov 2009, Pages: 138
The leading business intelligence provider, has released its latest research “The Future of the Offshore Oil and Gas Industry to 2020”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth analysis of the offshore oil and gas industry, highlighting the various concerns, shifting trends and emerging regions in the global offshore oil and gas industry. It provides the current and forecast offshore oil and gas production and reserves for major offshore regions of the world.
The report provides an analysis of the competitive scenario and highlights the fiscal regimes in the major offshore regions. Additionally, the report provides forecasts on the offshore drilling spend to 2020. The report also analyzes the major offshore projects globally and provides asset valuations for some major offshore projects. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by a team of industry experts.
The global offshore oil and gas industry is expected to continue to increase in the coming years. Global offshore crude oil production was 9,349 million barrels while global offshore natural gas production was 26,807 bcf in 2008. With a positive outlook and the continuing trend for the offshore industry, the global offshore crude oil production is expected to increase to 9,852 million barrels by 2015. On the other hand, the global offshore natural gas production is expected to increase to 27,045 bcf by 2011. According to estimates, the global offshore crude oil production is expected to be 9,481 million barrels while global offshore natural gas production is expected to be 26,544 bcf by 2020.
World offshore drilling spend has increased in recent years, particularly during the period of 2004 to 2008. According to estimates, approximately $350 billion was spent on offshore drilling from 2000 to 2008. Regions accounting for the major share of the spending were the US Gulf of Mexico (USGOM), West Africa, Brazil and Asia Pacific. The offshore drilling spend had peaked in the period 2007 to 2008.
However, various factors such as the global economic slowdown, decrease in demand for oil and gas, and a drop in the prices of crude oil and natural gas is expected to have a negative effect on the offshore drilling activity in 2009. Nonetheless, with the global economy expected to recover by 2010, the global exploration and development activity is expected to increase. According to these estimates, more than $ 490 billion is expected to be spent on offshore oil and gas drilling during 2009-2015.
In the recent years, there has been a growing trend in investments in the offshore oil and gas industry. Offshore areas in the USGOM and the North Sea in Europe were traditionally the hotspots for investments in the last decade. However, recent discoveries of offshore fields with huge reserves in various other regions of the world have started a shift in investments from mature regions such as North Sea to offshore areas in Brazil, West Africa and Asian countries such as China and Vietnam.
According to these estimates, more than $350 billion was spent on offshore oil and gas drilling globally from 2000 to 2008. During the same period, Brazil, West Africa and the Asia Pacific accounted for more than $180 billion of investment for drilling in the offshore areas. Further, Brazil, West Africa and Asia Pacific are collectively expected to account for more than $300 billion from 2009 to 2015.
With the decline in available resources in the onshore areas, there was a move towards increased offshore exploration. There have been huge deep water discoveries in various regions of the world, from Brazil and the USGOM to West Africa and Asia Pacific regions. In the USGOM alone, there has been decreased activity in the shallow water areas. Natural gas production, which was the mainstay of the shallow water activity in the USGOM, has seen a steady decline in the recent years. Another major factor promoting the increased activity in deep and ultra deep waters has been the advancements in technology. As shallow water resources decrease, deep and ultra deep sub-salt areas will play an increasingly significant role in the offshore oil and gas production.
Scope
The report provides detailed information and an in-depth analysis of the offshore oil and gas industry, highlighting the shifting trends and emerging regions. It also provides forecasts of offshore oil and gas production, reserves, and drilling spend to 2020. Its scope includes:
- Analysis on the development of the global offshore oil and gas industry with forecasts to 2020
- Insights into the major offshore projects globally, providing asset valuations for some major offshore projects in different offshore regions of the world
- Key trends and challenges of developing offshore projects and forecasts the development of the offshore oil and gas industry to 2020
- Analysis of the world offshore drilling spend and forecasts to 2020 for drilling spend globally and for major regions such as the US Gulf of Mexico, Brazil, West Africa and Asia Pacific
- Highlights the fiscal regimes of major countries in the offshore oil and gas industry
- Competitive analysis of the offshore oil and gas industry in the major offshore regions
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to:
- Understand the new growth opportunities within the global offshore oil and gas industry
- Develop market-entry and market expansion strategies by identifying the emerging sectors and geographies poised for strong growth in the offshore oil and gas industry
- Understand the degree of opportunity in each of the major offshore regions of the world from the current and future offshore drilling spend forecasts
- Develop an understanding of the investment scenario by getting a clear knowledge on the fiscal regimes and asset analysis of major offshore projects
- Develop a clear knowledge and understanding of the competitive landscape in the offshore oil and gas industry
- Make informed business decisions from the insightful and in-depth analysis of the offshore, oil and gas market and the factors shaping it
Customers who bought this item also bought
Oil and Gas Supply Demand Outlook in the Americas to 2020 - Increasing Oil and Gas Production Changing the Industry Dynamics
The Future of the Offshore Drilling Industry to 2015 - Market Analysis, Capital Spend and Competitive Landscape
The Emerging Markets Oil and Gas Exploration and Production Outlook
Oil and Gas Supply Demand Outlook in Middle East and Africa to 2020 - Increasing Natural Gas Production Boosting the Global Production Share
Oil & Gas Capital Expenditure Outlook 2011
Offshore Drilling Industry to 2016 - Rapidly Rising Demand for Hydrocarbons Expected to Boost Offshore Drilling in Ultra-Deepwater and Harsh-weather Environments
Offshore Drilling Industry in the Americas to 2015 - New Deepwater Discoveries and Stringent Offshore Regulations Affecting the Future Industry Outlook
Pipeline Industry to 2015 - Energy Demand in Asia Pacific and Uptake of Unconventional Gas Driving Growth
Offshore Drilling Industry in Asia - Pacific to 2015 - New Discoveries Shifting the Focus to Emerging Economies
The Future of Brazil Oil and Gas Industry to 2020- Forecasts of Supply, Demand, Investment, Companies and Infrastructure (Fields, Blocks, Pipelines, LNG, Refinery, Storage Assets)
|
|
|
|
