The Offshore Accommodation Market Report has been designed as a ground up forecast analysis into the hook-up barge and floatel market in the offshore oil and gas industry. The market forecast report outlines the history of the accommodation sector before presenting a regional overview of each key market. Concluding with projections of vessel dayrates and utilisation, the report presents a granular approach to capturing the key dynamics within the accommodation market. Designed as an aide to procurement teams and a knowledge gathering tool for analysts, the accommodation report is unique in the 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.
Originally developed as an internal tool for Infield's team of analysts, the SVD has supported over 100 projects relating to the building, developing, financing or operation of specialist offshore vessels. This has included additions to the offshore fleet with a combined value of over US$10bn and relating to almost every new build pipelay, heavy lift, construction and accommodation vessels around the world.
The SVD provides project details on the current operational fleet as well as the 190 new build vessels being planned or considered for construction and launch over the coming years.
The major vessel types which are active in the oil and gas industry are included in the SVD;
Purchasers of the Global Perspectives Accommodation Market 2009/13 Report receive a complimentary single site three user licence to one years access to the SVD.
Infield has also published a companion report to the Accommodation Market Update, the Global Perspectives Specialist Vessels Market Update Report To 2014.
The purpose of this report is to provide a comprehensive, ground up insight into the global offshore vessel market by providing an analysis of both sides of the supply and demand equation, with further more granular analysis of specific market sectors.
One key element of the report is that it highlights where there are perceived supply voids in the market, which occur when the current global fleet cannot satisfy demand. Analysis is provided to show the size and severity of these voids. The report also offers a specific focus upon the heavy lift, lay and IRM markets before going into detail for specific vessel types.
The Global Perspectives Specialist Vessels Market Report 2009/12 costs £2,200, Subscribers to the Accommodation Market Update can upgrade to include the Global Perspective Specialist Vessels Market Update Report for an additional £1,000.
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