Drilling and completion of Subsea wells
- 2,121 subsea wells are forecast to be installed in the period
2005/09. This represents a 71% growth from the period 1999/03, where
1,242 wells were installed. Overall, the market forecast expenditure
is set to rise from a total of $18.6bn during the period 1999/03
to $31.3bn during 2005/09.
Subsea Equipment -
The forecast for the subsea equipment market, which includes subsea
templates, subsea manifolds and subsea trees, will see 2682 units
installed during the period 2005/09. This compares to the installation
of 1,605 units over the 1999/03 period. Subsea tree capex is forecast
to be $2.8bn during 2005/09 compared to $1.5bn during 1999/03.
Subsea manifold capex is due to grow from $1.8bn to $3.7bn, while
subsea template capex is set for decline from $756m to $657m over
the same periods.
*Due to the dynamic nature of the data used
these figures are subject to change up to first print."
click image to enlarge
Underlying Market Drivers
- Investigates the main and secondary drivers of the subsea
market, re-investment rates, oil price sensitivity, politics,
economics, production, energy demand, technology, infrastructure,
subsidy, grants, taxation modularity and best practice.
Global Market Potential
- Examines prospects for Subsea by projects, reserves and production,
identifying the trends by region, water depth, operator, field
ownership and development type.
- Identifies sector development and the evaluation of all known
prospects. Specific analysis is available for each key sector:
wells, subsea equipment (subsea trees, subsea manifolds, subsea
templates etc), subsea pipelines and subsea control lines.
- For each of the main regions - Africa, Asia, Australasia, Europe,
The Middle East, North America and Latin America the report looks
at recent important activity, analysis of all known prospects,
field sales, mergers and discoveries.
- Describes the methodology for developing the forecast and CAPEX
models. Forecasts and capital expenditure figures are provided
by region, component, operator and field owner with a number of
conventional and alternative model profiles.
Listings - A field-by-field project listing of fields that
have subsea completions present due to come onstream in the period
2004/08. Including details on location, operator, name, water
depth, high temperature high pressure, production rate, etc.
- Definition of the regions/countries and the acronyms and abbreviations
used within the Global Perspectives series.
- Purchasers will receiveone year's free online access to a database
of all fields (Greenfield & Brownfield) that are being considered
for development with a subsea completion for the period 2004/08.
InfieldOnline is updated weekly, enabling executives to keep abreast
of new discoveries as they are discovered and track the development
of existing projects. Log in to a sample database at www.infieldonline.com.
Subscribers can upgrade complementary access to include additional
information from InfieldOnline.
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 modelling
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