Asia Pacific Market Update Forecast 2009/13

Infield Energy Analysts forecasts a rapid growth and development of the offshore oil and gas market in Asia (India, South East Asia and East Asia) compared to other regions. The Asian market is becoming more diverse and sophisticated, attracting more investment and is seeing an increase in capacity and assets. Infield will publish in the next few weeks a new edition for the period 2009/13; US$69.5bn is expected to be invested in the region, this is a 95% increase on the previous five years. The capital investment is expected to peak in 2009 and 2011 with around US$15 bn in each year.

The two main players will be India and Indonesia which between them are expected to have the highest total capital expenditure representing $12.1 billion and $12.9 respectively. This represents 36% of the region’s total and again is 95% up on the previous five years. Big increases are also expected in Vietnam and Malaysia, which account for a further 24% of the regions total. China relatively static with US$7.6bn, aacounting for 11% of the region’s total. It is the other smaller players in the region that account for 29% of the capital investment.

The next five years will be also characterised by the emergence of the deep and ultra-deepwater activity which will be the main impetus for the forecast global growth through to 2012. It is expected that 36 fields with a total of 7,915 mmboe will come on stream in water depths of 500 metres and greater. This is mostly due to the increased deepwater activity in Indonesia, India and Malaysia. Although there are assets being constructed such as deepwater pipelay and heavy lift vessels, the geographical spread of deepwater developments means that comprehensive coverage of the market is still an issue in the industry.

The offshore market of Australasia is also expected to grow rapidly in terms of capital expenditure, with a three-fold increase forecasted for the 2008 to 2012 period compared to the previous five years. Capital expenditure is forecasted to reach its highest levels of $6.0 billion in 2010. Australia will have US$21.6 billion total capital expenditure for the forecast period.

Figures subject to update in final edition.

For the full regional and sector forecasts, analysis and commentary please see the Regional Perspectives Offshore Asia Pacific Oil & Gas Market Update 2008/12.

Report Summary:

Two volumes covering Asia and Australasia, each containing;

Executive Summary
Oil Industry Global Context Review
Conventional versus SURF Projects
Online Project Database Access
2 volumes comprising 141 pages, 14 figures & 96 tables
Online access to 429 field projects (access as of 12/08/2008)
Electronic publication with self print facility

Review in Infield's secure shop.

Report Contents:

Offshore Asia Pacfic Oil & Gas Market Update is divided into two volumes.The first volume covers Offshore Asia and the second volume covers Australasia. Each volume follows the same strucuture and format set out below

Summary & Conclusions: Provides an executive overview of the complete market in the region, by sector and by country

Global Market Context: Looks at the supply and demand issues within the industry, offshore market overview, comparative analysis of the conventional and surf markets with forecast development costs of major projects within Asia. Analysis of commodity pricing, price versus activity levels analysis, geopolitical overview including discussions on operator types, including NOCs

Country Analysis & Forecasts: For each country and indepth analysis is provided for each of the following sectors; Fixed Platforms, Floating Production Systems and Offshore Pipelines & Control Line

Subsea Market Forecasts: Detailed forecasts are provided for the subsea market including drilling and completion activities and subsea equipment (trees, manifolds and templates)

Appendices: Provides regional maps showing overview of activity, future floating production systems and future future fixed platforms

InfieldOnline Access:

Purchasers of the Regional Perspectives Asia Pacific Oil & Gas Market update receive 12 months access to a database of field projects being planned or considered for development between 2008 and 2012 in Asia Pacific. Updated weekly, the following information is provided about each project;
The following information is provided about each project;

Operator
Project Name
Development Type
Date On Stream
Date Discovered
Depletion Date
Field Reserves
Field Production Rates
Water Depth
Project Status
Numbers of Subsea Wells
Numbers of Surface Wells
High Temperature / High Pressure
Subscriptions can be upgraded to include field ownership, operational Asia Pacifci fields, fields and from other regions as well as all global platforms, subsea developments, pipelines, flowlines, control lines specialist vessels and field ownership which form part of the Offshore Energy Database

For further information please contact infield: