AUVs and ROVs Global Market Prospects - Oceanology International

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The problems of oil• Global energy demand to double by 2030• Growing oil demand, mainly from APac• Spare oil production capacity collapse• Russian demand growth restricting exports• Have 8 of the top 11 oil companies peaked?• N Sea & Venezuelan production downSource: Credit Suisse Global Commodities ResearchUUV OI, London13 Mar 2012• Supplier instability reduces production• South Sudan -300,000 b/d• Libya -600,000 b/d• Syria -175,000 b/d• And Iran??12
The end of cheap oil?150S/barrel130110907050• $111 Brent av. 2011 – up 13%• Highest since 1860 s• OECD inventories lowest since 20082012 forecasts$110 to $150• Highest since 1860’s ?• High oil prices will drive increasing E&P spend• But $150 could push the US into recession!3010‐10197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013Annual Average Oil Prices (Brent)Source: historic BP, forecast Reuters Oct 2011, $15 Vitol Feb 2012UUV OI, London13 Mar 201213
Page 1 and 2: AUVs and ROVs-Global Market Prospec
Page 3 and 4: UUV OI, London13 Mar 20123
Page 5 and 6: From man to machineMarket driversWo
Page 7 and 8: AUVs1980 Ifremer ‘Epaulard’ AUV
Page 11: Offshore oil & gas market drivers
Page 15 and 16: Deepwater: $205 bn capex over next
Page 17 and 18: Offshore ops & maint spend to see g
Page 19 and 20: Strong growth in offshore wind unde
Page 21 and 22: Research sector drivers• Catastro
Page 23 and 24: • Focus of ROVs in oil & gasAppli
Page 25 and 26: Oceaneering195214241233Subsea 7 (in
Page 29 and 30: Military & research AUVs to total 8
Page 31 and 32: AUV conclusions• A strong & growi
Page 33: Thank youjohn@dw-1.comUUV OI, Londo

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