The oil & gas industry of forecasts $25 billion in expenditure on offshore helicopter services between 2015 and 2019 in its new World Offshore Oil & Gas Helicopters Market Forecast 2015-2019.The installed base of manned production infrastructure continues to increase, as does the fleet of offshore rigs and specialist installation and support vessels. This drives the demand for helicopter services, with forecast spend for the next five years increasing more than 25%, compared to the preceding five-year period.

Report author, Andy Jenkins, commented, “However, the significant cuts in capital expenditure that we have seen in 2015
will impact the helicopter business with lower than previously-expected levels of drilling and seismic activity. We also
expect to see a delay in the sanctioning of some new offshore production infrastructure.

Resilient Helicopter Services market with $25bn spend forecast to 2019

Whilst expectations for the coming three years are lower than previously anticipated in our 2014 report (by between -4%
and -7% year-on-year) the overall picture remains a long-term growth story with the offshore helicopter industry expected
to be relatively resilient as the majority of demand will arise from ongoing production phase support.

The helicopter market is highly dependent on these production phase operations and they are characterised by longterm
contracts. We do note, however, that E&P companies are currently focused on costs through their supply chain and
this is expected to impact renewal rates and new contracts over the next two years.

Report editor, Steve Robertson, concluded, “The coming years will be an important time for the industry as a new
generation of medium-class helicopters, such as the H175 and AW189, are introduced. These have been developed to
provide higher crew capacity, power and range for a number of industries. These models are highly efficient with new
advanced safety systems and are, therefore, expected to perform well in the offshore arena.

In the longer term there is the exciting prospect of high speed rotorcraft entering the market. These have the potential to
be a gamechanger in the offshore sector, revolutionising the speed at which personnel can be transferred and the
operating distance of units. AgustaWestland’s AW 609 is expected to be the first commercially available rotorcraft serving
the offshore sector with the potential for others to follow, perhaps building on experience with these craft in the military
sector (such as Bell and Sikorsky).

Further information from: call to:+91-(22)-6522-3556 or varsha@marketinforesearch.com

The World Offshore Oil & Gas Helicopters Market Forecast 2015-2019 is the 2nd edition of the report and covers all
key commercial themes relevant to players across the value chain. DW has developed a proprietary model of offshore
helicopter spend which is based upon inputs from our in-house project and drilling data, coupled with industry insight
gained over nearly 25 years of industry consulting. This has included engagements across the globe for many of the
largest helicopter owners, operators and manufacturers.

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