The Offshore Asia Oil and Gas Market Report To 2015 published by Infield Systems provides an in-depth analysis of trends and developments impacting Asia's offshore oil and gas industry. In doing so, the Offshore Asia Oil and Gas Market Report includes a detailed forecast of capital expenditure (Capex) and platform subsea equipment, pipelines, flowlines and control lines installations across the whole of Asia's offshore oil and gas markets, as well as including a comprehensive analysis of macro market conditions, potential threats and opportunities.
Download Brochure & List of Contents
Supported by high levels of economic activity and energy consumption growth, the Asian offshore oil and gas industry has significant potential as operators seek to meet the region's growing demand. In this latest edition of the Offshore Asia Oil and Gas Market Report, the major projects and trends driving offshore development in the Asia region are comprehensively analysed. In the short term, offshore Capex in the region is expected to continue to recover from the low levels seen during the global recession.
During the recession, domestically driven economic growth in China provided buoyancy to the region's major economies which escaped the sharp slowdown seen elsewhere. Despite slowing down marginally in the second quarter of this year, the Chinese economy is still growing at a breakneck pace compared to other industrialising countries. However, the economic giant faces some problems which could slow oil demand growth in the region, including rising inflation and over-investment in infrastructure amid some broader signs of economic overheating and structural weaknesses.
However, together with India, oil demand growth from China (which is expected to continue to remain strong) will be a key driver of investment in offshore exploration and production. Amid near record oil prices, the region's countries have an interest in meeting as much domestic demand as possible to boost energy security. This is particularly the case not only for China and India, the region's giants, but also other major energy producing countries including Malaysia and Indonesia who face production decline if they do not take steps to maintain exploration and production activity. Indonesia, once a major oil exporter, became a net oil importer in 2004 following declining domestic production and rising consumption and withdrew from OPEC in 2008. China became a net oil importer in 1993, and in 2009, surpassed Japan to become the second largest oil-importer in the world.
Infield Systems forecast that the region's expected recovery in offshore activity will continue to significantly drive up demand for fixed, floating and subsea units in the short term. With countries such as China, India, Malaysia and Indonesia seeking to expand exploration and production activity in order to maximise local production and minimise imports, the region is expected to remain a global leader in terms of fixed platform installations. Infield Systems forecast that despite the projected growth in Capex, it is unlikely that the region's largest countries will be able to reduce their dependency on crude oil imports. This will provide further support to exploration and production activity in the long run, driven by the region's National Oil Companies including Petronas, Pertamina, CNOOC and ONGC. Meanwhile, new oil frontiers are being opened up, in deeper waters and also in countries such as the Philippines and Myanmar which did not previously have any significant levels of offshore activity. These developments are expected to greatly increase demand for subsea units in a region which traditionally has been dominated by shallow water production. Overall, Infield Systems forecast that this demand will make the region the third highest investor in the world in terms of offshore Capex, behind only Africa and Europe.
In addition to this thorough analysis and forecast of Asia's offshore market this report also includes a global macroeconomic overview assessing Infield Systems outlook for the global gas and LNG markets. Furthermore, the report assesses potential global macroeconomic risks which could have an impact on the forecast recovery in the region's offshore oil and gas industry. In sum, this latest edition of Infield Systems' Offshore Asia Oil and Gas Market Report is essential reading for those in the industry seeking to understand the latest changes and trends affecting a region which is a major market in the global oil and gas industry.
Purchasers of the Regional Perspectives Offshore Asia Oil and Gas Market Report To 2015 receive 12 months access to a database of fields being planned or considered for development in the current year and four years forward, offshore South East Asia, via the InfieldLive Data Portal. InfieldLive is continually updated and purchasers receive the following information about each offshore field:
Purchasers of the Asia Pacific Report Bundle comprising Offshore Asia Oil and Gas Market Report To 2015 and Offshore Australasia Oil and Gas Market Report To 2015 receive 12 months access a database of fields being planned or considered for development in the current year and four years forward offshore the following regions:
The complimentary access to InfieldLive can be upgraded to include operational fields or fields from other regions: Europe, Middle East, Africa, Latin America, North America or other data sets including: fixed platforms, floating production systems, floating storage offloading facilities, pipelines, control lines, single point moorings, supply chain contracts, onshore terminals, liquefied natural gas, gas to liquids, vessels, drilling rigs, offshore wind farms and construction yards. Please contact Infield Systems for additional information.
For reports supplied electronically, the PDF 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 PDF for use within your organisation.
All prices are shown below are exclusive of VAT which will be charged at the prevailing rate where applicable.
Infield Systems uses the File Open system to control the distribution and copyright of their reports and you must be able to install the File Open plug-in which is available from http://plugin.fileopen.com in order to open and print the report PDFs.
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 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.
Choose your option to buy
Buy your hard copy and enter the quantity of additional copies of your choice