The Accommodation Market

Historically the market for accommodation vessels has been something of a niche within a global market context. Vessels seeking deployment with offshore production facilities were in shallow water and benign environmental conditions. However, with discoveries made in deeper and more harsh environments this has lead to the requirement for higher specification vessels. The market has reacted by increasing the supply of semi-submersible assets with significant berthing capacities.

As the industry took heed of the highly lucrative nature of going into deeper waters whilst the oil price was high, a greater number of platform installations and other activities requiring the deployment of an accommodation vessel have increased the potential demand for these assets. Despite this long term buoyancy, it is perceived that as the global economic market plunges deeper into a state of recession, operators may be less inclined to charter the deployment of an accommodation vessel despite their inherent advantages. Operators may turn towards alternatives such as shore-terminal ferrying and helicopter shuttling because of the lower costs associated with simplified solutions.
Using a combination of three inhouse data resources; the Offshore Energy Database, Specialist Vessels Database and  OFFPEX, Infield has created a model capable of providing detailed prospects on accommodation supply and demand in terms of region, country play, water depth, environmental conditions and the differing market sectors that include platform installation, platform removal, platform modification and IRM.

The report seeks to provide a comprehensive insight into the global offshore accommodation market, focusing on the supply of vessels and their associated demand. The report shows and analyses where potential supply voids could materialise due to the vessel fleet being unable to satisfy demand. The reader is offered granularity throughout the report through the provision of a region by region breakdown of supply and demand before views on dayrates, market fluctuations and the impending effect of the global economic downturn are presented and discussed.

Why you should buy this report:

●The Accommodation Market Update Report establishes Infield as the only supplier of a clear and concise view of the rapidly changing and challenging accommodation market

●The report takes an entirely independent view throughout and is thus equally valuable to operators, vessel owners and industry analysts seeking to understand the prominent dynamics that exist within the market

●With the featured five year forecasts built from the ground up and based upon genuine up-to-date project information in addition to specific chartering agreements, the report is the most reliable and insightful currently available

● The report contains the latest information on the probable impact of the current economic situation on the offshore oil and gas sector

Contents

●    Summary and Conclusions provides a comprehensive executive overview of the complete accommodation market, including global supply and demand and current market concerns

●    Global Market Context  reviews the drivers behind the offshore accommodation market including such issues as the current credit market turmoil, oil price level and its effect on activity, primary energy consumption, analysis of proved oil and gas reserves and oil and gas production, offshore versus onshore market overview and the major supply constraints facing the industry

●    Accommodation Market Overview provides an introduction to the complex accommodation market, highlighting where the deployment of an accommodation vessel will be required. Further detail is provided through forecasts on platform capital expenditure and demand broken down region by region, and country by country

●    Global Supply highlights the presence of accommodation vessels in the offshore market by analysing major players and their fleets, regional play and the differing hull types and specifications currently in existence in addition to views of newbuilds

●    Global Overview of Vessel Types and Definitions provides an overview of the offshore vessel fleet, and details on the status of new builds. Each type of vessel competing in the offshore market is profiled in terms of supply numbers, major players, major operational regions and views on demand and combined supply/demand

●    Combined Supply and Demand pulls the information from the previous sections together in order to present a market view on which demand will be associated with accommodation vessels. Analysis and commentary is presented on dayrates, market concerns and the issues surrounding IRM in the current economic climate. The section closes with the conclusions that can be drawn from the analysis presented throughout all the sections

●    A single site three user licence is provided free of charge to access the  Specialist Vessels Database with the purchase of the Global Perspectives Accommodation Market Update Report 2009/13

Who is buying Infield Publications?
Organisations purchasing reports from the Global Perspective Market Update and Technology & Projects Reports range from fully integrated oil companies, national oil companies, contractors, service and supply companies, manufacturers and industry consultants located in over 40 countries worldwide. The reports are used by senior management, industry and financial analysts and consultants.

For more information please see the contents list at Global Perspectives Accommodation Market Update Report 2009/13