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The Global Subsea Market to 2025

  • ID: 4791655
  • Report
  • February 2019
  • Region: Global
  • 50 Pages
  • Strategic Offshore Research Ltd
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Some choices are difficult. Think of a painful cut with a plaster over it. What’s worse when you have to pull the plaster off? Fast or slow. Both can produce different forms of pain. The subsea market isn’t getting the choice – it’s the slow option or nothing.

The subsea market has not been in the happiest of places. Change is finally coming. Change is even starting. 2018 appears the bottom of the cycle, and things can now get slightly more positive. But there’s no quick fix. What demand improvements are coming will take time. More like a slow, steady burn. Patience and steady nerves will be required.

There’s still huge equipment oversupply issues to deal with, but at least one side of the equation can show some improvement, even if it is modest. Navigating this phase of the market will really test the mettle of the market participants, from every side of the industry.

The new issue of the author’s definitive annual Global Subsea Market forecast goes through all these issues and their implications. This year’s edition has the forecast period extended by three years through 2025 to capture more of the all-important deepwater market cycle.

The report is forthright and direct. All the needless noise and wailing of the industry is stripped away for straight to the point answers. What you really need to know. The report gives you the brass-tacks of where the market is and is going. Being aware of what the issues, risks and opportunities are has never been more vital.

Note: Product cover images may vary from those shown
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1. Summary

  • Key points

2. Upstream – The Great Transformation

  • The Big Cause: What Supply Has To Do
  • The Big Deflection: How Demand is Expected To Fall, but Never Does
  • The Driver: Money is All That Matters
  • The Implications For Subsea
  • Summing up What the Subsea Market Will See

3. Demand Review: 2018 Saw Rout Continue

  • Demand Drops Faster Than Supply
  • DSVs and LAYSVs Turn Corner, ROVSVs Struggle
  • Shallow Stable,
  • The North Sea and Deepwater Down
  • There Are Green Shoots, Really There Are
  • The Production and Construction Support Split
  • Alternative Markets Hit Historical Highs
  • Wind Farms Soak up Vessels
  • Decommissioning Heats up but Doesn’t Match Hype
  • Well Intervention Ahead of the Game

4. Supply: The Architect of its Own Demise

  • Ordering Just About Dries up
  • Double, Double Trouble
  • Fleet Celebrates Youth
  • The Devil Doesn’t Find Work For Idle Hands
  • Breaking up is Never Easy, but Scrapping Starts
  • Steaming and In Yard Means Business As Usual

5. Clearing the Market fog: Demand Through 2025

  • North Sea – Heartland Looking For Recovery
  • Rest of World – Hurry up and Wait
  • South America – Has Ground To Make up
  • Africa – Fighting Through A Big Lull
  • Mediterranean and Middle East Has Grown Usefully
  • Asia Pacific Not Offering Much For Now
  • North America – Trying To Grab Fresh Attention
  • Deepwater Takes Time and Money
  • Global Demand Forecast – the Worst Should Be Over

6. Finding A Balance To Chase Higher Rates

  • Vessel Type Balances
  • Day Rates: Money is the Bottom Line
  • Potential Scenarios

7. Business Environment

  • Subsea Support Newbuilds
  • Current Subsea Support Vessels and Their Classifications

8. Glossary of Terms

9. Contacts

Note: Product cover images may vary from those shown
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