Global Offshore Spending Forecast 2004-2013
The World Offshore Oil and Gas Production and Spend Forecast 2009-2013 is a wide-ranging and comprehensive study of the long-term future for the global offshore oil and gas industry. This updated study presents a detailed analysis of oil and gas production and spending in every existing and potential offshore producing region in the world for each year through to 2013.
The report combines analysis of primary data with a practical evaluation of the commercial realities of each region, to generate a five-year outlook for offshore production and activity available anywhere. It is an invaluable business planning tool for gauging future offshore investment potential in individual countries and regions, and for helping producers and service suppliers write policies, develop strategic investment plans and set project priorities.
Three regions - the North Sea, the Gulf of Mexico and the South China Sea - were attracting the bulk of spending until deep waters began to be seriously developed after the turn of the millennium. Now there is steady growth in output from the Atlantic margin off West Africa and Brazil and from new shallow and deep water areas elsewhere. A flourishing demand for higher technology solutions is creating a more complex and more challenging investment environment. There is a requirement for much greater spending and often much greater risk.
The report quantifies oil and gas developments throughout the world, including both the major new and expanding areas and the mature declining areas with their different technological needs. It also provides forecasts of annual oil and gas production additions for each offshore region, after applying natural decline to developed output, to calculate expected spending each year.
THe World Offshore Oil and Gas Production and Spend Forecast 2009-2013 identifies the scale of opportunity and future potential for all offshore areas, subdivided into shallow and deep water regions. The huge transfer of expenditure from the traditional shallow waters into deeper waters is examined, taking into account all dynamic influences impacting future events.
