The deepwater oil and gas business is now firmly established as a major offshore expenditure driver. Despite global economic turmoil and oil price fluctuations having a marked impact on activity levels, the deepwater sector is forecast to quickly recover and resume its growth trend, with annual expenditure reaching $35 billion in 2014 and a total global Capex of $167 billion for the 2010-2014 period. With these figures in mind, the latest edition of the World Deepwater Market Report from Douglas-Westwood offers an excellent resource for those seeking a timely update on this dynamic and changing industry.
Building on previous editions, this new report provides a detailed country-by-country and component-led analysis as well as an exploration of deepwater production designs, sector trends and development prospects. It also offers comprehensive deepwater case studies including field developments in the Brazilian Santos Basin, Angola, Gulf of Mexico, India and the UK. Detailed country-by-country analysis
The report presents analysis based on unique and proprietary data covering historic and forecast deepwater expenditure breakdowns for Africa, Asia, Australasia, Latin America, North America and Western Europe. Prospects and projects within each of the geographies are highlighted and discussed.
The report is geared to senior executive needs and assumes no previous reader knowledge of the subject area. It offers an explanation of the key concepts and terms, and explains some of the recent trends and themes in play in the market. These include supply-side constraints, cost inflation, financing issues and backlog analysis within the subsea equipment sector. The report also highlights that drilling and completion of subsea wells will form the majority of deepwater spend over the forecast period.