The Fixed Platform Market Report to 2016 provides a comprehensive forecast and analysis for the fixed oil and gas platform sector - the traditional backbone of the offshore oil and gas industry. The seventh edition of the new Fixed Platforms Market Report, published by Infield Systems, includes a detailed forecast of capital expenditure and platform installations across the entire fixed platform sector, including: conventional piled platforms through to gravity based structures, providing forecasts split by region and type of facility (Caisson, Conductor Supported, Compliant Tower (CPT), Gravity Based, Guyed, Jack-Up, Piled, Skirt Plate and Suction Pile). The Fixed Platforms Market Report To 2016 includes a detailed analysis of market conditions and potential threats and opportunities.
Download Brochure & List of Contents
Fixed platforms have traditionally been the mainstay of production in mature regions such as Asia, Europe, the North Sea, US Gulf of Mexico (GoM) and the Middle East, however, the future market prospects across these regions are mixed. Infield Systems anticipates that growth prospects for the fixed platform market in the North Sea, US GoM and Asian regions will become more limited towards the end of the forecast period As mature shallow water assets face production decline, remote deepwater production is likely to increasingly dominate operator E&P programmes moving forwards, not only for IOCs but also for NOCs, including: Petronas, Pertamina, PEMEX and CNOOC. At the same time, regions which hold the potential for the greatest future offshore production may not prove suitable for fixed platform developments. This is the case with many of the major pre-salt discoveries offshore Brazil and Angola, as well as the significant natural gas deposits recently discovered offshore East Africa. In these frontier areas, a lack of existing infrastructure and greater water depths often make floating developments a more suitable solution for operators.
Nevertheless, over the past year, economic recovery from the global financial crisis, along with strong economic growth from non-OECD countries has ensured that WTI oil prices have averaged just over US$95 during 2011. High oil prices and price volatility have incentivised operators of all types to maximise local shallow water production where the geo-political environment is often much more stable. This has been the case particularly with Asian operators which form the cornerstone of the global fixed platform market and has driven Asian fixed platform market activity in recent years. As Asian hydrocarbon demand has soared, indigenous NOCs have expanded shallow water production, driving a growth in global fixed platform capital expenditure (Capex) of 55% between 2007 and 2011. Another market dynamic which could support Asian fixed platform activity is the Fukushima nuclear incident, caused by the Japanese Tsunami in early 2011.
Asian NOCs are not the only operators expected to increase fixed platform Capex and fixed unit installations. Infield Systems forecasts that Africa's share of global fixed platform Capex spend will almost double from just under 7% over the 2007-11 period to over 13% in the 2012 to 2016 forecast period. Chevron and Total are expected to drive this growth in activity through their Angolan and Nigerian operations, including: Chevron's Mafumeira developments in Angola and Total's Ofon (phase 2) in Nigeria. Fixed platform market prospects are also expected to remain strong in the Middle East which has seen strong hydrocarbon demand on the back of economic development and population growth. Furthermore, after the Arab Spring, many of the regimes in the Middle East have offered concessions in the form of handouts and energy subsidies which have strengthened oil and gas demand. The Abu Dhabi National Oil Company, Saudi Aramco and the National Iranian Oil Company are expected to be the biggest players in the region and are forecast to collectively increase fixed platform Capex spend by over 13% between 2012 and 2016. Meanwhile, in the US GoM, the Macondo incident, along with booming onshore unconventional gas production has led to a decline in shallow water production in recent years. However, Infield Systems forecasts US GoM fixed platform demand to increase in 2012, driven by major projects, including: Shell's West Delta junction platform and Arena's Rikes project. Europe, another mature region, is also expected to see a buoyant fixed platform market over the next two years due to activity in Norway and the UK. BP's Clair Ridge West of Shetland development is one of the most significant projects taking place and will benefit from recent changes to the UK governments' fiscal regime.
Purchasers of the Global Perspectives Fixed Platforms Market Report To 2016 receive 12 months access to a database of fixed platform facilities which are being planned, or considered for installation, in the current year and four years forward in the North West European Continental Shelf, Southern Europe and Eastern Europe.
The following types of facility are included:
For each project, the following information is provided:
Infield Systems' Fixed Platforms and Floating Production Systems Online (Professional) data sets are unique in that they track every worldwide facility, from 10 tonne caisson platforms installed in the shallow waters of the Gulf of Mexico, through to the massive gravity based platforms or West African FPSO facilities, from 1947 through to 2025.
InfieldLive Fixed Platforms Data Set access can be upgraded to include the other regions that comprise the global database of fixed platform facilities. In addition, Floating Production Systems Online (Professional) and other data sets from the Infield Offshore Energy Database can be purchased, including: shallow and deepwater fields, subsea completions, pipelines, control lines, offshore loading, supply chain ProjectFlow Contracts Database, vessels, drilling rigs and onshore terminals, or LNG and GTL plants and facilities.
To order The Global Perspectives Fixed Platforms Market Report To 2016, please complete the order form below or buy online at www.infield.com.
For reports supplied electronically, the file is restricted to a single user at a single site with a single print to hard copy. Additional single user copies may be purchased for use within a single organisation. A corporate licence provides two printed copies of the report and an open electronic file (PDF) for use within your organisation.
Infield Systems uses the LockLizard system to control the distribution and copyright of reports supplied as single user licence and you must be able to install Lock Lizard viewer and the Lock Lizard licence file which requires administrator rights. If you are not able, or permitted, to install the viewer or licence file then please contact Infield Systems.
The InfieldLive Fixed Platforms Data Set online access may be upgraded to include other regions and data sets, prices are available upon request. Prices for additional and corporate licences are set out below.
All prices shown below are exclusive of VAT which will be charged at the prevailing rate, where applicable.
Infield Systems accepts payment by bank transfer, credit card (Visa, MasterCard or American Express) or by cheque. Delivery is upon receipt of payment. For credit card purchases please supply the card's billing address along with the billing Post Code/Zip Code and the four digit security code on the front of American Express cards, or the three digit code on the reverse of MasterCard and Visa cards. All European Union companies must supply their EU VAT number.
By purchasing this document, your organisation agrees to Infield Systems Limited's Standard Terms and Conditions of Business and your organisation will not copy or allow to be copied in part or whole or otherwise circulated in any form any of the contents without prior written consent and specific permission from Infield Systems Limited. Infield Systems' Standard Terms and Conditions of Business are available either upon request or at www.infield.com.
Upgrades to Fixed Platforms Online Access
Choose your option to buy
Buy your hard copy and enter the quantity of additional copies of your choice