Global Deep Water and Ultra Deep Water Exploration & Production (E&P) Market - Growth, Trends and Forecasts (2016 - 2021)

  • ID: 3842422
  • Report
  • Region: Global
  • 114 pages
  • Mordor Intelligence
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The Deep water and Ultra deep Water Exploration and Production spending is expected to reach 35 Billion USD in 2015 and is expected to spend a total of 210 Billion USD from 2015 to 2020.

Growing populations and rapid urbanization around the world has resulted in a growing demand for energy. Oil and gas are the most common fuels in use today, and their demand is rising day by day. This has pushed petroleum companies to intensify their deep water and ultra-deep water offshore activities in order to meet demand and maintain profits. With the fall in oil prices in 2015, resulting in the concerns about the viability of large ultra-deep water projects. Capital Expenditure (CAPEX) and Operational Expenditure (OPEX) are on the rise with fall in oil prices, which is increasing the pressure on the budgets and has become more challenging in the short term. But, with the increase in the demand for Oil & Gas production, the Exploration and Production operators are considering long term plans and delaying the projects rather than cancelling them. There by the growth for deep water and ultra-deep water is on the rise, with the growth primarily in North and South America, along with the emerging markets like Africa and Asia Pacific, constituting up to 80% of the Capital Expenditure.

The Exploration and Production (E&P) operators spending is in seismic, drilling, subsea and FPS Submarkets, which is expected to have a promising growth during the forecast period. The Drilling and Completion will represent the largest segment for the deep water market expenditure, where the majority will be spent on the subsea well completions. Floating production systems (FPSs) account for the second largest segment with majority of investments in floating Production, Storage and offloading vessels and the subsea equipment (subsea production hardware and umbilicals, risers, and flow lines) account for the third largest segment in terms of capital expenditure, which can be estimated on the number of wells drilled.

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1. Introduction

1.1 Study Deliverables

1.2 Market Definition

1.3 Base Currency

1.4 Review and Forecast Period Years

1.5 General Study Assumptions

2. Research Methodology

2.1 Introduction

2.2 Analysis Methodology

2.3 Econometric Forecast Model

2.4 Research Assumptions

3. Executive Summary

4. Key Inferences

5. Market Overview and Industry Trends

5.1 Current Market Scenario

5.2 Technology Overview

5.3 Recent Developments

5.4 Industry Value-Chain Analysis

5.5 Porters Five Forces

5.5.1 Bargaining Power of Suppliers

5.5.2 Bargaining Power of Consumers

5.5.3 Threat of New Entrants

5.5.4 Threat of Substitute Products and Services

5.5.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

6.1 Market Drivers

6.1.1 Growing Energy Demand

6.1.2 Declining Onshore Reserves

6.2 Market Restraints

6.2.1 Volatile Oil and Gas Prices

6.2.2 Territorial Disputes

6.2.3 Environmental Concerns

6.3 Opportunities

6.3.1 Opportunities in the Growing Offshore East African Oil & Gas Market

6.4 Challenges

6.4.1 Procurement of Skilled Labour

7. Deeepwater & Ultra Deepwater E&P Submarkets

7.1 Overview

7.2 Deepwater & Ultra Deepwater Exploration & Production Seismic Submarket Forecast

7.3 Deepwater & Ultra Deepwater Exploration & Production Drilling Submarket Forecast

7.4 Deepwater & Ultra Deepwater Exploration & Production Subsea Hardware Submarket

7.5 Deepwater & Ultra Deepwater Exploration & Production Floating Production Systems Submarket Forecast

8. Global Deeepwater & Ultra Deepwater E&P Market, By Geography

8.1 North America

8.1.1 U.S.

8.1.2 Canada

8.1.3 Mexico

8.2 South America

8.2.1 Brazil

8.2.2 Others

8.3 Asia-Pacific

8.3.1 Australia

8.3.2 Malaysia

8.3.3 Indonesia

8.3.4 Others

8.4 Europe

8.4.1 Norway

8.4.2 U.K.

8.4.3 Others

8.5 Africa & Middle East

8.5.1 West Africa

8.5.2 East Africa

8.5.3 Others

9. Competitive Landscape

9.1 Mergers & Acquisitions

9.2 Joint Ventures

9.3 New Product Launches

9.4 Most active companies in the past five years

9.5 Market Share Analysis

10. Key Company Analysis

10.1 Leading Marine Sisemic Companies

10.1.1 CGC

10.1.2 WesternGeco

10.1.3 PGS (Petroleum Geo-Services)

10.1.4 Seabird Exploration

10.1.5 Polarcus

10.2 Leading Drilling Companies

10.2.1 Transocean

10.2.2 Diamond Offshore

10.2.3 Ensco plc

10.2.4 Noble Corporation

10.2.5 Seadrill

10.3 Leading Subsea Companies

10.3.1 Saipem

10.3.2 Technip

10.3.3 FMC Technologies Inc.

10.3.4 Aker Solutions

10.3.5 Subsea 7 S.A.

10.4 Leading FPS Companies

10.4.1 Petróleo Brasileiro S.A. (Petrobras)

10.4.2 SBM Offshore N.V.

10.4.3 MODEC, Inc.

10.4.4 Shell and Associates

10.4.5 Petronas

10.4.6 DSME and Associates

11. Appendix

11.1 Contact Us

11.2 Disclaimer
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