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London, 19 August 2004
OFFPEX™ Market Modelling & Forecasting System
Values The Future Oil & Gas Industry
City of London-based energy analysts Infield Systems have developed OFFPEX™, a market modelling and forecasting system for the entire offshore oil and gas industry. OFFPEX™ (offshore expenditure) has been entered as a nominee for this year’s Innovation Awards being held as part of the Offshore Northern Seas exhibition and conference.
Will Rowley, Infield Systems Director of Analytical Services & Publications, said "This is a very exciting development as we are able to provide customised forecasts in terms of values and units for all sectors and regions of the global offshore oil and gas industry". He continued, "This gives companies a unique opportunity to take our forecasts and customise them around their own view of the market and yet be able to "drill" down to the individual project components of the forecast."
Since late 2003, Infield’s analytical team have been codifying over five years of industry forecasting experience and fifteen years of industry data management into developing OFFPEX™. Incorporating raw data from and linked to Infield’s Offshore Energy Database, OFFPEX™ is unique in that it has been built from the bottom up, project by project, and can not only produce global, regional, country and sector forecasts but can be fully interrogated down to individual project elements (of which there are many, from equipment through services and sub-contracts to sectors, packages, operators and owners).
OFFPEX™ is the application of Infield’s analytical team of analysts (including economists, geologists and market analysts) into the production of robust and dynamic views of the current and future shape of the offshore industry, both in the medium (5-10yrs) and long term (10yrs+).
OFFPEX™ is the most comprehensive, in-depth and informed analysis of the offshore industry designed to be used as both a working and strategic tool for operators, contractors, suppliers and the financial community. Dr Roger Knight, Infield Systems Data Manager, said "Because we are updating the Infield Offshore Energy Database every day, no facet of this dynamic and ever changing world industry is ignored. Fast-track or slow-track, Infield has the latest information online and deliverable to our clients' desks".
Infield Systems’ Director of Data Services, Quentin Whitfield, commented "Over the next few months Infield Systems will be announcing several new products based around OFFPEX™ and the Offshore Energy Database that are designed to help companies identify markets and make decisions based upon accurate, consistent and transparent forecasts."
OFFPEX™ Key Features Are:-
- Robust Full interrogation down to individual projects
- Live Daily updating, verification and enhancement
- Real Actual and forecast costs with proper and transparent phasing of expenditure
- Flexible Adaptable to changing project profiles, options or values
- Accountable Can be matched to a company’s income point in the development cycle
- Variable The system can be fine-tuned to reflect specific market parameters or inputs
- Strategic Numerous ‘what-if’ scenarios can be created, compared and contrasted
- Supportable Full access to senior analysts and specialists
- Usable High level strategy through to individual sales leads
- Customisable Matched to corporate structure and reporting lines
- Unique Only available through Infield Systems Limited
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| Notes
to Editors
Infield Systems Limited provides data, publications and analytical services to the offshore oil and gas industry.
Infield Global Offshore Energy Database provides global data on over 7,100 operational and future developments, detailing platforms, floating production systems, subsea developments, pipelines, umbilicals, single point moorings, operators, field ownership, terminals, LNG and GTL facilities.
OFFPEX™ Modelling & Forecasting System - This highly developed and complex modelling and forecasting system utilises a wide range of features, including macro-economic, techno-economic and business processes. The OFFPEX™ system incorporates Infield’s global Offshore Energy Database to produce detailed financial and business models, including capital expenditure and supply/demand. These are fully scalable and adaptable, from individual elements through to national, regional, global or company forecasts and scenarios with timelines from 1908 to 2092.
Infield’s service capabilities include; customised databases; executive market forecast reports covering the deepwater, floating production, fixed platform, subsea, pipelines, risers and umbilical sectors; market analysis and benchmarking, match & track, competitor analysis, scenario development and planning, tailored research, market due diligence, energy databases, business strategy, quantitative and qualitative surveys.
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For
more information please contact;
Quentin
D’A Whitfield, Director, +44 (0)20 7426 9661, quentin@infield.com
Will
Rowley, Director, +44 (0)20 7426 9667, will@infield.com
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Copyright ©2004 Infield Systems Limited, 15 London Fruit & Wool Exchange, Brushfield Street, London E1 6HB. UK.
Tel: +44 (0)20 7426 9660, Fax: +44 (0)207 4247 5035. All rights reserved.
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