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World Subsea Vessel Operations Market Forecast 2012-2016

23 August 2012

Douglas-Westwood’s (DW) World Subsea Vessel Operations Market Forecast 2012-2016 builds on the success of the first edition to include a more comprehensive supply-side competitive landscape with major players and their fleets, broken down by vessel type and geographic focus. Day rate analysis by vessel type has been fully reviewed and updated.

*NEW report style with enhanced analysis and speed-read summaries of key points throughout*

DW forecast that between 2012 and 2016 $77bn will be spent on subsea vessel operations in field development, inspection, repair & maintenance (IRM) and subsea well intervention. This is an increase of 63% over the preceding five-year period, with global vessel demand for these markets expected to increase 33%.

This strong growth is a result of confidence returning to the subsea industry, a move towards deep water in underdeveloped regions and towards ultra deep in those already developed, and the subsequent increased demand for higher specification vessels required for these operations.

The World Subsea Vessel Operations Market Forecast 2012-2016 analyses the main factors driving demand for ROVSV, DSV, Flexlay, LWIV and Pipelay Vessels. The new edition contains:

  • Market forecasting & field prospect data – the report uses a unique market model specifically developed in collaboration with leading subsea industry participants. Based on the DW proprietary databases covering vessels and offshore oil and gas developments, the report includes a market forecast with an unmatched level of detail and presents analysis based on unique data.
  • Macro-economic indicators – a review of those influencing subsea markets including growing global energy demand and oil consumption, oil supply pressures, the role of deepwater, oil & gas prices drivers & forward assumptions and E&P expenditure.
  • Vessel fleet supply-side analysis – global vessel supply trends for DSVs, ROVSVs, Flexlays, Pipelays and LWIVs with historic vessel deliveries from 1965-2012 and vessel supply expressed in total vessel days, split by type.
  • Comprehensive analysis – of vessel demand for key subsea sectors from 2007-2016. Expenditure and vessel day demand broken out by field development, IRM and well intervention.
  • Regional analysis – expenditure and vessel demand by market with trend commentary and speedreads for Africa, Asia, Australasia, Eastern Europe & FSU, Latin America, Middle East, North America, Norway, UK and Rest of Western Europe

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