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The Deepwater and Ultra-deepwater Market Report To 2017 is
devoted to the global deepwater and ultra deepwater oil and gas market and
provides a comprehensive forecast for and analysis of investment from operators
in the deepwater and ultra-deepwater oil and gas sector, which is fast becoming
the biggest growth area for the oil and gas industry. The Deepwater and
Ultra-Deepwater Market Report also highlights key trends impacting the deepwater
sector globally, provides analysis surrounding the market conditions impacting
deepwater exploration and development, as well as supplying information on the
key operators present in the sector, and the future prospects for each region.
The Deepwater and Ultra-deepwater Market Report includes detailed forecasts of
global capital expenditure by region on: subsea, oil and gas platforms,
pipelines and control lines. In addition, a regional breakdown of oil and gas
platform installations, number of subsea wells, and installation of pipelines
and control lines by length (km) is also presented. Each of the seven regions
is then analysed in turn to provide the reader with the most complete analysis
of the deep and ultra-deepwater market available today.
The 2013 edition of the
Deepwater and Ultra-deepwater Market Report is the ninth edition of the report
published by Infield Systems.
Download report brochure and list of contents
As demand for energy continues to increase, the search for vital energy resources is expanding further offshore into harsher and deeper waters. Whilst deepwater reserve additions are expected to remain a marginal proportion of overall global production; rising from a 7% cumulative share of global reserves in 2012 to an expected 10% share by 2017, in Capex terms, the deepwater market, which requires considerably higher capital expenditure than its shallow water counterparts, is expected to rise from a 38% share in 2012 to a 53% share of global offshore Capex by the year 2017. This growth, whilst centring upon the 'Deepwater Triangle' of Brazil, West Africa and the North American Gulf of Mexico, is also expected to be supported by less traditional areas of deepwater development, including offshore South East Asia, Australasia and Europe; whilst this latest market update to 2017 also sees substantial growth in deepwater development offshore Middle East and Caspian.
Development offshore Brazil is expected to lead the global deepwater market going forwards to 2017; with expenditure expected to centre around the Lula and Franco developments. However, with Brazil's economy growing at an unprecedented pace, the following period is also expected to be pivotal in the development of Brazil's offshore reserves and a testing time for its NOC Petrobras.
Within the North American region, the Gulf of Mexico deepwater market is expected to continue to gain in strength post-Macondo, with activities expected to be led by IOC Shell, holding a 24% market share of capital expenditure on deepwater developments; with the ultra-deepwater Stones and Appomattox projects expected to be central to this investment.
Offshore Africa, Angolan developments are expected to be at the forefront of deepwater investment, with the country forecast to hold a 52% share of the regional Capex spend. Here, key prospects anticipated to command significant expenditure include: the Kaombo I and II fields, Lucapa and BP's PAJ. However, whilst West Africa is expected to remain the primary driving force of deepwater development within the region going forwards, towards the end of the period, deepwater activity offshore East Africa is expected to increase, with development of the Prosperidade complex offshore Mozambique expected to draw particular industry attention and substantial expenditure.
Offshore Asia key fields anticipated to enter production during the forecast include: Liwan offshore China; Shell's Gumusut-Kakap development offshore Malaysia; and the Gendalo-Gehem project, developed by Chevron offshore Indonesia and expected to enter production in 2016. Over the following five year period Infield Systems also expects a growing diversity in deepwater production within the region, with new areas of development including: Brunei, Myanmar and Sri Lanka emerging towards the end of the current forecast period.
European deepwater demand is expected to increase substantially, with the giant Aasta Hansteen expected to be the third most capital intensive deepwater field development globally over the timeframe. In operator terms, Statoil is expected to form the largest market share going forwards, with other key players expected to include: Chevron; directing significant spend towards the Rosebank development, and Gazprom, leading the South Stream project, also expected to invest heavily within the European deepwater market going forwards to 2017.
Prospects offshore North Western Australia have attracted considerable attention over recent years, with capital expenditure commencing on the Chevron and ExxonMobil operated Greater Gorgon area during 2011. Going forwards, the deepwater market offshore North Western Australia is expected to increase its global market share from 1% to 3%, with ExxonMobil expected to lead development spend as a result of significant expenditure on the Jansz field and the long-awaited Scarborough development.
Offshore Middle East, whilst remaining the smallest market for deepwater development spend, Infield Systems expects Independent operator Noble Energy to drive investment, with the giant gas developments offshore Israel expected to demand the largest proportion of the region's deepwater spend over the period. Within the Caspian area, BP is also expected to continue the development of Shah Deniz offshore Azerbaijan.
Purchasers of the Global Perspectives Deep & Ultra-deepwater Market Report To 2017 receive 12 months access to a database of fields in water depths of 500 metres and greater, being planned, or considered for development, in the current year and four years forward, worldwide. Deepwater Online (Essentials) is continually updated with the following information provided about each project:
The Deepwater Online (Essentials) access can be upgraded to Deepwater Online (Standard) or Deepwater Online (Professional), or to include either of the two Subsea Online packages: Standard or Professional. Prices for upgrades are detailed below.
Data sets can also be customised by including other field types or data sets from the Infield Offshore Energy Database, including: floating production systems, fixed platforms, subsea completions, pipelines, control lines, offshore loading, supply chain contracts, vessels, drilling rigs and onshore terminals or LNG and GTL plants and facilities. For customised data sets please contact firstname.lastname@example.org to discuss your specific requirements and to obtain a quotation.
Deepwater Online (Standard) identifies all fields in water depths of 300 metres and greater, which are currently producing, or being planned or considered for development, from the current year onwards, worldwide.
Deepwater Online (Professional) includes all fields within the Deepwater Online (Standard) data set, but also identifies the ownership (companies and percentage holdings) for each deepwater field. The ownership information is presented as a text column within the fields information for easy review and as a separate data set, with each percentage holding listed separately for detailed analysis.
Subsea Online (Standard) identifies all fields which are going to be developed with one or more subsea wells in the current year and four years forward, worldwide.
Subsea Online (Professional) identifies all fields, operational and future, which have been, or are going to be, developed with one or more subsea completions.
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