Infield Systems provides: data, forecast reports, mapping, business advisory, transaction
support and commercial due diligence products and services to the offshore oil,
gas, renewable energy and associated marine industries.
New user? Sign up!
Offshore Asia Oil and Gas Market Report to 2017 includes a detailed forecast of capital expenditure and installations for each market sector within the Asia offshore oil and gas industry, including, Fixed Platforms, Floating Production Systems, Subsea, Pipelines and Control Lines as well as providing a demand and supply analysis relating to Vessels within the Asia region and potential deepwater activity. For each market sector within the Asia Oil and Gas Market Report to 2017, Capex and installation forecasts are broken down by operator, by country, by type and by water depth as well as by other key sector specific components. Within the Asia Market Report a summary of key developments by market sector is also provided. The Asia Oil and Gas Market Report to 2017 utilises Infield Systems' proprietary databases, including Infield’s Offshore Energy Database of oil and gas field developments, its Specialist Vessels Database which tracks the majority of construction vessels, pipelay vessels, heavy lift vessels, heavy transport vessels and offshore accommodation vessels involved in the oil and gas marine industry, and InfieldProjectFlow, which tracks all contracts within the oil and gas supply chain.
The Fixed Platforms section of the Asia Oil and Gas Market Report to 2017 provides a detailed assessment of the fixed platforms sector (including details on conventional Piled platforms, Jack-up, Gravity/Jack-up, Gravity, Caisson, and Conductor Supported platforms). The Floating Production Systems section of the Asia Oil and Gas Market Report to 2017 provides a comprehensive analysis of the historical and forecast trends affecting the floating production systems sector of the offshore oil and gas industry. Floating production forecasts are provided by floating platform facility type (FPSO - Floating Production Storage Offloading Facility, FSO – Floating Storage Offloading facility, Semi-Submersible, TLP - Tension Leg Platform, Spar and other Floaters). The offshore Pipelines and Control Lines section of the Asia Oil and Gas Market Report to 2017, offers a comprehensive analysis of the oil and gas Pipeline, Trunkline, Flowline, Control Line and Umbilical Control Line sectors of the offshore oil and gas industry. The Subsea section provides details of the activities of the predominant exploration and production oil companies and subsea equipment manufacturers (OEMs – original equipment manufacturers) and dissects subsea capital expenditure into different components, including: Subsea Trees, Manifolds, Subsea Compression, PLET and Template. The Deepwater section of the Asia Oil and Gas Market Report to 2017 explores the market conditions impacting deepwater exploration and development within the region, as well as supplying information on the key operators present in the sector and the future deepwater prospects in the region. This section includes detailed forecasts for capital expenditure on: subsea, oil and gas platforms, pipelines and control lines. The Specialist Vessels and Accommodation section of the Asia Oil and Gas Market Report to 2017 focuses on the largest sectors of the offshore construction market – Pipelay vessels, Heavy Lift vessels, IRM and Construction Support vessels, in addition to supplying an overview of the Accommodation vessel sector. The drivers of vessel demand and dynamics of vessel supply are discussed, as well as supply voids and potential opportunities for vessel operators. This comprehensive report is ideal for industry professionals with an interest in the complete offshore market for the Asia region.
Download Brochure & List of Contents
The Asia-Pacific region continues to be the principal driver of global economic growth and will continue to drive global energy demand in the years ahead.
The Asian market is forecast to see a 54% increase in expenditure for offshore oil and gas infrastructure over the next five years, with South East Asia continuing to drive demand in the region. Historically, China and Malaysia were the key drivers of offshore Capex in the region and over the forecast, Malaysia is expected to continue to be a key driver of market Capex. The Malaysian oil and gas industry has been boosted by the government introducing favourable taxes and non-tax incentives for the downstream side of the industry, which is anticipated to have a positive effect on upstream activity. The country is anticipated to have a large number of field developments over the next five years, with Petronas’ Rotan field projected to see the highest expenditure in the country.
Malaysia is likely to dominate the region’s offshore infrastructure Capex levels over the next five years, with fixed platforms being the area forecast to require the largest share of investment. The pipeline market is also expected to attract healthy levels of investment in the country. Malaysia’s strategic geographical location is one of the key influences in the country’s determination to increase offshore production. Although the country has to support domestic needs, it is situated near countries in East Asia which are in great demand for hydrocarbons, such as China and Japan. Despite China accounting for the highest levels of pipeline Capex over the last five years, the country is expected to be overtaken by India during the forecast. Indeed, India’s overall expenditure is likely to increase by around 68%, with its Pipeline and Fixed Platforms markets likely to be the driving force behind these higher Capex levels. India is one of the largest energy consumers globally and, as a result, the country needs to secure its energy needs. Over the next five years the country is, therefore, likely to increase its level of offshore expenditure to meet its future energy demand. Indeed, in order to meet domestic energy demand, India is aiming to increase the price of gas in order to stimulate growth within the industry.
NOC’s have traditionally been the dominant operator type in the region as they enable energy security and wealth for national governments. Infield Systems expects expenditure by NOC’s to increase by around 7%. Malaysia and China will account for just under half of NOC expenditure due to the influence of Malaysian NOC Petronas and Chinese NOC CNOOC, which are both significant investors in offshore oil and gas in the region.
IOC expenditure is likely to increase by almost 109% over the forecast, with Chevron commanding the largest proportion of IOC Capex. Chevron’s Capex is anticipated to increase compared to the historic period as a result of a few large projects; with Indonesia expected to account for the largest share of Chevron’s expenditure. Indeed, the Gehem and Gendalo developments are expected to account for 65% of the operator’s expenditure in the country over the forecast period.
Independent operators are also expected to account for increased levels of investment over the forecast, with Infield Systems expecting the operator type to see a 94% increase in expenditure. Reliance is expected to make up the largest share of Independent operator Capex.
Infield Systems forecasts an increase in expenditure relating to the development of offshore platforms over the next five years, with fixed platforms likely to account for 71% of the region’s total platform Capex. The Asian region is characterised by areas of relatively shallow water where fixed platforms can be utilised, especially in Malaysia and China, where the Fixed Platform market is expected to see the highest levels of forecast growth in the region. South East Asia is expected to dominate floating platform expenditure, with 73% of the sub-region’s expenditure directed towards projects in Indonesia and Malaysia.
Despite the market share of Pipeline Capex decreasing compared to the historic period, the actual Capex projected for the market sector over the next five years is anticipated to increase by 35%. India and Malaysia will account for the highest investment for offshore pipelines.
The Asian region will continue to play an important role globally in the offshore oil and gas industry over the next five years. With a number of developing countries expected to see increasing demand for energy, the region is likely to see increased levels of offshore oil and gas activity. NOC’s will continue to be the main focus of investment in the region, with IOC’s closely following behind. Asia will become one of the largest investors in offshore fixed platforms, with Malaysia and China dominating demand. The region could also see the development of three FLNG projects over the next five years which will be located in Malaysia and Indonesia.
Purchasers of the Regional Perspectives Offshore Asia Oil and Gas Market Report To 2017 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:
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.
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.
By purchasing this document, your organisation agrees that it 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. Our standard terms and conditions are available either upon request or at Infield Terms & Conditions.
Select your currency
This qualifies for a corporate licence
Future fields on stream 2013 to 2017
© Infield Systems Ltd 2013 |
Site Terms of Service |
(If you are not working for then you must have written permission from a Director of Infield Systems Limited to access InfieldLive, without which you will be in breach of Infield Systems Limited Standard Terms and Conditions of Business and will be in breach of our copyright and database rights)