World Offshore Maintenance, Modifications & Operations Market Forecast 2015-2019

World Offshore Maintenance, Modifications & Operations Market Forecast 2015-2019

Code: 978-1-910045-15-2 | Published: Apr-2015 | Pages: | Douglas-Westwood Ltd
Price :
$5,621.00
USD

* Required Fields

$5,621.00

Details

In 2014, demand for offshore MMO services totalled $95bn for the world’s 8,061 offshore platforms. Operators are now focussed on controlling costs throughout the supply chain and there is significant pricing pressure impacting the 2015 and 2016 outlook. However, the offshore MMO market is projected to grow at a CAGR of 5.4% over the period 2015-2019, driven predominantly by an expanding and ageing infrastructure requiring maintenance and modification to maintain current production levels in the face of growing global energy demand.


Over the forecast period, $426.1bn is estimated to be spent on MMO relating to fixed platforms and $55.6bn on MMO of floating platforms. However, a 12% decline in MMO expenditure is expected in 2015. This is due to the delay of some major modifications by operators and a reduction as some aspects of MMO that are not directly associated to production are cut.


Asia and North America will continue to be the market leaders in MMO expenditure with a combined share of 45% over the forecast period. Asia’s share is driven by a combination of increasing offshore production platforms, and the move towards deepwater in less mature regions. Asset services, asset integrity and modifications markets are to be led by North America, whilst Asia has the largest support services spend over the forecast period. By sector, asset services accounts for the largest share of spend (57%), followed by modifications (27%).


The World Offshore Maintenance, Modifications & Operations Market Forecast 2015-2019 analyses the demand for services in four key equipment and service lines: offshore asset services, asset integrity services, support services and modifications. The new edition’s key themes are:



  • Drivers & indicators– a review of factors influencing the service lines including: offshore fixed & floating platform population, population & GDP growth, the move to green energy, oil supply & demand, offshore oil & gas, natural gas, oil & gas challenges, politics & regulation and the asset lifecycle.

  • Service line analysis– for offshore asset services, asset integrity services, support services and modifications split out by service line, asset type and region with competitive landscape and detailed supply chain analysis.

  • Regional market analysis– expenditure by service line 2010-2019 with trend commentary and speed reads for Africa, Asia, Australasia, Eastern Europe & FSU, Latin America, Middle East, North America, Norway, UK and Rest of Western Europe.


Why purchase the World Offshore Maintenance, Modifications and Operations Market Forecast?


Our market forecasting is trusted by sector players worldwide, with clients including the world’s top-10 oil & gas companies, oilfield services companies and private equity firms. Our proven process includes:



  • Unique and proprietary data – updated year-round from published sources and insight gained from industry consultation.

  • Methodology – developed through a combination of primary data gathering and in-house analysis. We have utilised our own in-house databases to form the basis for the offshore models. Assumptions used to generate market demand are the result of our primary and secondary research. Demand side analysis by service line provides a metric on which to establish future opportunities and provide a context for market share assessment.

  • Market forecasts – comprehensive examination, analysis and ten-year view of maintenance, modifications & operations demand for key service lines, with historic data covering the period 2010-2014 and forecast data for 2015-2019.

  • Concise report layout – consistent with DW’s commitment to delivering value for our clients, all our market forecasts have a concise layout consisting of industry background and supporting materials condensed to enable quick review with ‘speed-read’ summaries of key points throughout.

  • An essential report – for financial institutions, equipment manufacturers, offshore engineering, construction, operations & maintenance companies and contractors, drilling companies, oil & gas companies and government agencies & departments wanting to make more informed investment decisions.

Table of Contents



1 Summary & Conclusions ..........................................7
Summary ......................................................................................................................................... 8
Conclusions .................................................................................................................................... 9

2 Drivers & Indicators .............................................. 10
Offshore Fixed & Floating Platform Population ....................................................................11
Population & GDP Growth Drive Energy Demand .............................................................12
From Black to Green .................................................................................................................13
Oil – Supply & Demand .............................................................................................................14
Offshore Oil & Gas.....................................................................................................................15
Natural Gas ..................................................................................................................................16
Oil & Gas Challenges .................................................................................................................17
Politics & Regulation ...................................................................................................................18
Asset Lifecycle .............................................................................................................................19

3 Methodology ............................................................ 20
Methodology: Overview ............................................................................................................21
Barriers & Limitations ................................................................................................................22

4 Asset Services ......................................................... 23
Definitions – Equipment & Service Lines Covered ..............................................................24
Market Forecast: by Service Line .............................................................................................25
Market Forecast: by Asset Type ...............................................................................................26
Market Forecast: by Region ......................................................................................................27
Competitive Landscape ..............................................................................................................28
Supply Chain Analysis .................................................................................................................29

5 Asset Integrity ......................................................... 30
Definitions – Service Lines Covered .......................................................................................31
Market Forecast: by Service Line .............................................................................................32
Market Forecast: by Asset Type ...............................................................................................33
Market Forecast: by Region ......................................................................................................34
Competitive Landscape ..............................................................................................................35
Supply Chain Analysis .................................................................................................................36

6 Support Services ..................................................... 37
Definitions – Service Lines Covered .......................................................................................38
Market Forecast: by Service Line .............................................................................................39
Market Forecast: By Asset Type ..............................................................................................40
Market Forecast: by Region ......................................................................................................41
Competitive Landscape ..............................................................................................................42
Supply Chain Analysis .................................................................................................................43

7 Modifications ........................................................... 44
Definitions – Service Lines Covered .......................................................................................45
Market Forecast: by Service Line .............................................................................................46
Market Forecast: by Asset Type ...............................................................................................47
Market Forecast: by Region ......................................................................................................48
Supply Chain Analysis .................................................................................................................49
Competitive Landscape ..............................................................................................................50

8 Regional Market Analysis ...................................... 51
Regional Summary.......................................................................................................................52
Africa .............................................................................................................................................53
Asia ................................................................................................................................................54
Australasia ....................................................................................................................................55
Eastern Europe & FSU ................................................................................................................56
Latin America ............................................................................................................................... 57
Middle East ..................................................................................................................................58
North America ............................................................................................................................59
Norway .........................................................................................................................................60
Rest of Western Europe ............................................................................................................61
UK ..................................................................................................................................................62

9 Appendix .................................................................. 63
Data and Text Conventions ......................................................................................................64

List of Figures



Figure 1: Global MMO Expenditure by Region 2010-2019 ......................................................................8
Figure 2: Global Average MMO Cost per Barrel vs Opex Inflation 2010-2019 ............................9
Figure 3: Total number of platforms by Region 2010-2019 ...................................................................11
Figure 4: Global floating and fixed platforms by Region 2010-2018 .................................................11
Figure 5: Global Population Growth & Energy Demand, 1965-2014 ...............................................12
Figure 6: Historic Primary Energy Demand by Region, 1965-2012 ...................................................12
Figure 7: The Changing Energy Mix ....................................................................................................................13
Figure 8: Climate Change (Temperature Change) ......................................................................................13
Figure 9: Oil Price & Demand ...............................................................................................................................14
Figure 10: World Liquids Production Growth, 2005-2014 ....................................................................14
Figure 11: Global Oil Supply – Onshore/Offshore Split 2000-2020 ...............................................15
Figure 12: Global Deepwater Capex by Region 2009-2018 .................................................................15
Figure 13: Levellised Cost of Energy ($/mwh) ..............................................................................................16
Figure 14: Natural Gas Prices ($/mbtu) ...........................................................................................................16
Figure 15: Oil & Gas Production versus E&P Spend..................................................................................17
Figure 16: Skilled Workers Age Category .....................................................................................................17
Figure 17: Asset Service Expenditure by Service Line 2010-2019 .....................................................25
Figure 18: Asset Service Expenditure by Service Line 2015-2019 .....................................................25
Figure 19: Asset Service Expenditure by Type 2010-2019 .....................................................................26
Figure 20: Asset Service Expenditure by Type 2015-2019 .....................................................................26
Figure 21: Asset Service Expenditure by Region 2010-2019 ................................................................27
Figure 22: Asset Service Expenditure by Region 2010-2014 and 2015-2019..............................27
Figure 23: Asset Services Supply Chain ............................................................................................................29
Figure 24: Asset Integrity Expenditure by Service Line 2010-2019 ...................................................32
Figure 25: Asset Integrity Expenditure by Service Line 2015-2019 ...................................................32
Figure 26: Asset Integrity Expenditure by Type 2010-2019 ...................................................................33
Figure 27: Asset Integrity Expenditure by Type 2015-2019 ...................................................................33
Figure 28: Asset Service Expenditure by Region 2010-2019 ................................................................34
Figure 29: Asset Integrity Expenditure by Region 2010-2014 and 2015-2019............................34
Figure 30: Asset Integrity Supply Chain ............................................................................................................36
Figure 31: Support Services Expenditure by Service Line 2010-2019..............................................39
Figure 32: Support Services Expenditure by Service Line 2015-2019..............................................39
Figure 33: Support Services Expenditure by Type 2010-2019 .............................................................40
Figure 34: Support Services Expenditure by Type 2015-2019 .............................................................40
Figure 35: Support Services Expenditure by Region 2010-2019.........................................................41
Figure 36: Support Services Expenditure by Region 2010-2014 and 2015-2019 ......................41
Figure 37: Support Services Supply Chain ......................................................................................................43
Figure 38: Modifications Expenditure by Service Line 2010-2019 .....................................................46
Figure 39: Modifications Expenditure by Service Line 2015-2019 .....................................................46
Figure 40: Modifications Expenditure by Type 2010-2019 .....................................................................47
Figure 41: Modifications Expenditure by Type 2015-2019 .....................................................................47
Figure 42: Modifications Expenditure by Region 2010-2019 ................................................................48
Figure 43: Modifications Expenditure by Region 2010-2014 and 2015-2019 ..............................48
Figure 44: Modifications Supply Chain ..............................................................................................................50
Figure 45: Offshore MMO Expenditure by Region 2010-2019 ...........................................................52
Figure 46: Total MMO Expenditure by Region 2010-2014 and 2015-2019 .................................52
Figure 47: Africa Offshore MMO Expenditure 2010-2019 ....................................................................53
Figure 48: Africa MMO Expenditure 2010-2014 and 2015-2019 ......................................................53
Figure 49: Asia Offshore MMO Expenditure 2010-2019 .......................................................................54
Figure 50: Asia MMO Expenditure 2010-2014 and 2015-2019 ..........................................................54
Figure 51: Australasia Offshore MMO Expenditure 2010-2019..........................................................55
Figure 52: Australsia MMO Expenditure 2010-2014 and 2015-2019 ..............................................55
Figure 53: Eastern Europe & FSU Offshore MMO Expenditure 2010-2019 ................................56
Figure 54: Eastern Europe & FSU MMO Expenditure 2010-2014 and 2015-2019 ...................56
Figure 55: Latin America Offshore MMO Expenditure 2010-2019 ...................................................57
Figure 56: Latin America MMO Expenditure 2010-2014 and 2015-2019 .....................................57
Figure 57: Middle East Offshore MMO Expenditure 2010-2019 ........................................................58
Figure 58: Middle East MMO Expenditure 2010-2014 and 2015-2019 ..........................................58
Figure 59: North America Offshore MMO Expenditure 2010-2019 ................................................59
Figure 60: North America MMO Expenditure 2010-2014 and 2015-2019 ..................................59
Figure 61: Norway Offshore MMO Expenditure 2010-2019 ...............................................................60
Figure 62: Norway MMO Expenditure 2010-2014 and 2015-2019 .................................................60
Figure 63: RoWE Offshore MMO Expenditure 2010-2019 ..................................................................61
Figure 64: RoWE MMO Expenditure 2010-2014 and 2015-2019 ....................................................61
Figure 65: UK Offshore MMO Expenditure 2010-2019 ..........................................................................62
Figure 66: UK MMO Expenditure 2010-2014 and 2015-2019 ............................................................62

List of Tables



Table 1: Asset Service Expenditure by Service Line 2014-2019..........................................................25
Table 2: Asset Service Expenditure by Type 2014-2019 .........................................................................26
Table 3: Asset Service Expenditure by Region 2014-2019.....................................................................27
Table 4: Asset Services Competitive Landscape ..........................................................................................28
Table 5: Asset Integrity Expenditure by Service Line 2014-2019........................................................32
Table 6: Asset Integrity Expenditure by Type 2014-2019 .......................................................................33
Table 7: Asset Service Expenditure by Region 2014-2019.....................................................................34
Table 8: Asset Integrity Competitive Landscape ..........................................................................................35
Table 9: Support Services Expenditure by Service Line 2014-2019 ..................................................39
Table 10: Support Services Expenditure by Type 2014-2019 ...............................................................40
Table 11: Support Services Expenditure by Region 2014-2019 ..........................................................41
Table 12: Support Services Competitive Landscape ..................................................................................42
Table 13: Modifications Expenditure by Service Line 2014-2019 .......................................................46
Table 14: Modifications Expenditure by Type 2014-2019 .......................................................................47
Table 15: Modifications Expenditure by Region 2014-2019 ..................................................................48
Table 16: Modifications Competitive Landscape ..........................................................................................49
Table 17: Total MMO Expenditure by Region 2014-2019 ......................................................................52
Table 18: Modifications Five Year Forecast Expenditure by Service Line 2015-2019 .............52
Table 19: Africa Offshore MMO Expenditure 2014-2019 ......................................................................53
Table 20: Asia Offshore MMO Expenditure 2014-2019 .........................................................................54
Table 21: Austalsia Offshore MMO Expenditure 2014-2019................................................................55
Table 22: Eastern Europe & FSU Offshore MMO Expenditure 2014-2019 ..................................56
Table 23: Latin America Offshore MMO Expenditure 2014-2019 ....................................................57
Table 24: Middle East Offshore MMO Expenditure 2014-2019..........................................................58
Table 25: North America Offshore MMO Expenditure 2014-2019 .................................................59
Table 26: Norway Offshore MMO Expenditure 2014-2019 .................................................................60
Table 27: RoWE Offshore MMO Expenditure 2014-2019 ....................................................................61
Table 28: UK Offshore MMO Expenditure 2014-2019...........................................................................62

Report Format

Following are different modes of Licenses.

a. Single User License:
This license allows only one person to use the report. This person can use the report on any computer and may take print outs of the report but must take care of not sharing the report (or any information contained therein) with any other individual or people. Unless you purchase a Site License or a Global Site License, a Single User License must be purchased for every single person that wishes to use the report within the same enterprise.

b. Single Site License:
This license allows unlimited users to use the report within one company location, e.g. a regional office. These users can use the report on any computer and may take print outs of the report but must take care of not sharing the report (or any information contained therein) with any other individual or people.

c. Global Site License:
A Global Site License (or Enterprise wide Site License or Global License) is a license granted to original purchaser, who can share a report with other employees and authorized Users of the same organization.

Quick Help

1. How do you deliver the reports?
The delivery of reports is depends on format & mode of license of report(s). Following are different kinds of formats of report(s) and their delivery options :

a. Electronic Format – Through email from Publisher
Report will be sent to your username email address in PDF, Excel, PowerPoint or any other electronic / softcopy format by publisher.
Delivery Time: 12 to 48 hours [depending on time difference or occurrences of national holidays]

b. Hard Copy or Printed Format or CD-Rom – Through Mail or Courier from Publisher
Report will be sent through mail / courier delivery to your shipping address by publisher.
Delivery Time: Less than, few weeks [depending on time difference or occurrences of national holidays]


2. How can I make payment for publications I purchase?
You could be able to make the payment, in following ways:

a. Online Secure Payment through Credit Card Payment : We accept Visa, Master, AMEX Cards & CCAvenue
b. Transfer of fund to our bank account via Bank transfer or Wire transfer
c. Payment via DD or Cheque
d. Paypal


3. Is it safe to use my credit card on MarketinfoResearch?
Your personal information and online tranaction on Marketinfo Research is secure, private, and tamper-proof. All credit card payments are processed through secure and trusted payment gateways.

If you have a more question about our publications please see our FAQs section or contact us now at cs@marketinforesearch.com.

Browse similar reports by category:
Douglas-Westwood Ltd
Energy, Resources & Utilities