Infield Systems has just released the latest edition of its Global Perspectives Deep and Ultra-deepwater Market Report to 2018. Now in its tenth edition, this popular report provides key information, which enables clients from across different sectors of the oil and gas industry to make strategic decisions about a sector which is fast becoming the biggest growth area for the oil and gas industry.

The Deepwater and Ultra-deepwater Market Report presents a detailed analysis of capital expenditure demand by region and the expected strategy of key operators in the market over the forecast period. It also highlights global and regional demand by water depth and looks at each sector; Platforms, Subsea, Pipelines and Control lines individually to highlight specific trends. In addition, the Deep and Ultra-deepwater report is unique in delivering a subsea supply overview over the forthcoming period; giving information on capital expenditure and subsea tree contracts by manufacturer.

This report provides an independent and comprehensive analysis of the drivers and challenges which are impacting development strategies, exploration activity and project timelines. This is supported by the inclusion of a detailed analysis of operator capital expenditure within the deepwater market over the 2009-2018 timeframe.

Purchasers of the report also receive 12 months access to a database of fields in water depths of 500 metres and greater, being planned, or considered for development, in the current year and four years forward, worldwide.

All prices shown are for either an electronic file or a printed copy report and are inclusive of delivery, but exclusive of VAT where applicable.

Deep & Ultra-Deepwater Market Overview

The outlook for the deep and ultra-deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018. Whilst Petrobras' developments offshore Brazil are anticipated to remain a key driver of global demand; comprising 32% of total deepwater Capex over the five year period, Infield Systems also expects a number of other driving factors to emerge over the timeframe. These include the emergence of FLNG technology, with Capex demand expected from FLNG FPSO projects within the Middle East, Australasia and South East Asia, whilst offshore Europe the possible South Stream pipeline development, in addition to Norway's giant Aasta Hansteen, are expected to significantly boost deepwater demand offshore Europe.

Indeed, the forthcoming five years are likely to be characterised by a growth in deep and ultra-deepwater development outside of the traditional ‘deepwater triangle’ of West Africa, Latin America and the Gulf of Mexico, with significant increases in deepwater activity also expected offshore India relating to developments such as the Krishna-Godavari UD project and the continued development of Reliance’s Dhirubhai fields; whilst offshore Malaysia the giant Rotan development is anticipated to require substantial investment, with the PFLNG-2 facility expected to be installed in 2018.

From an operator perspective, the forthcoming five years is expected to see Petrobras' dominant market share decrease as a result of the increase in activity by independent operators such as Anadarko and Noble. Altogether, Infield Systems expects a total of 81 operators to direct capital expenditure towards the deep and ultra-deepwater sector over the 2014-2018 timeframe; an increase from 55 operators over the previous 2009-2013 period.
For more information download the Deepwater white paper.

All of our Global and Regional Perspectives reports are available to preview on our stand at exhibitions (please see our events pages for a full list of upcoming exhibitions), or you can contact me if you have any questions.