The World Offshore Forecast 2006-2010
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Ship Systems
Worldwide Metric
Freeman Marine
Neptune Group

Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
MarineTalk Site Search:
Featured Companies

Martech Enterprises Ltd.
Martech is an engineering consulting company incorporated in British Columbia, Canada. The company provides highly specialized professional engineering services to the marine and offshore industries assisting during execution of complex projects.

NPFVOA Vessel Safety Program
The North Pacific Fishing Vessel Owners' Association (NPFVOA) Vessel Safety Program is a non-profit association totally dedicated to education and training in marine safety and health. NPFVOA reprsents individuals, vessel owners and support services
    USA Washington

CSA - Canadian Shipowners Association
The Canadian Shipowners Association (CSA) mandate, “to promote an economic and competitive Canadian marine transportation industry,” is fundamental to the daily operation and motivation of the organization and its members.

The Marine Society
THE MARINE SOCIETY is the world's oldest seafarers' charity. It is dedicated to enhancing the well being of all who go to sea professionally; encourages those who may be interested in pursuing a career at sea; and helps those who have served at sea.
    United Kingdom

The World Offshore Forecast 2006-2010


The World Offshore Forecast 2006-2010

Despite declining well numbers in many offshore areas, drilling services will attract a flood of cash for the industry if you know where to look. This unique report from Douglas-Westwood provides an essential and complete overview of the technology and future prospects for the offshore drilling business. It reviews and forecasts the world market by region and type of activity in terms of well numbers and expenditure levels.

The report analyses the state of the drilling industry, presenting a detailed review of offshore drilling technology suitable for readers of all backgrounds. It discusses traditional and innovative techniques and their commercial impact on the industry over the medium term future.

Due to lack of opportunities, offshore drilling has been on a declining trend since 1997. This trend is forecast to continue albeit with a modest oil price-led resurgence in later years. Even deepwater drilling has been rather flat due to a shortage of new areas to exploit. But with surging oil prices, shallow water drilling has stabilised, although further declines are now forecast. Meanwhile, total drilling will be supported by rapid growth in deepwater drilling, especially in West Africa and the Gulf of Mexico. Drilling levels are discussed in every country in the world having offshore prospects, with regional forecasts presented in tables and charts in an improved and more accessible way. "The World Offshore Drilling Spend Forecast 2006- 2010" provides essential information for decision makers in oil companies and in the contracting and supply industries, government departments and financial institutions.

Within the offshore drilling sector, over 40% of expenditure is directed towards engineering services, a quarter is earmarked for support and 7% goes towards geoscience. Although rigs are the biggest single cost, it is surprising that they only comprise 26% of total well costs. Costs for different types of well are detailed, broken down into rigs, engineering geoscience and support, further subdivided into individual cost elements for all offshore drilling services.The report estimates that over the last five years, $160bn was spent on shallow water drilling whilst $33bn was spent on deepwater drilling. Over the next five years it is forecast that over $195bn will be spent on shallow water drilling, with deepwater drilling expenditure almost doubling to $65bn. The report presents full details of these forecasts - where the cash will be spent and when.


About the Company

You may also like:
Trending Technology, World Shipping & Maritime News

Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide


E-mail:  Contact Us

Copyright © 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .