World Subsea Vessel Operations Market Forecast - Douglas ...

ContentsTable of Contents1 Executive Summary & Conclusions........................7Summary.......................................................................................................................................... 8Conclusions..................................................................................................................................... 92 Macro Economic Overview.................................. 10Global Energy Supply & Demand..............................................................................................11The Move to Offshore................................................................................................................12Role of Deepwater......................................................................................................................13Oil Price – Drivers and Forward Assumptions ....................................................................14Gas Price – Drivers and Forward Assumptions ..................................................................15E&P Expenditure ........................................................................................................................163 Definitions & Terminology..................................... 17Production.....................................................................................................................................18Vessels............................................................................................................................................19Vessel Definitions.........................................................................................................................20Vessel Activity by Type...............................................................................................................224 The Vessel Fleet....................................................... 23Global Vessel Supply....................................................................................................................24DSVs – Supply Side Market Trends..........................................................................................25ROVSVs – Supply Side Market Trends.....................................................................................27FLEXLAYs – Supply Side Market Trends.................................................................................29PIPELAYs – Supply Side Market Trends...................................................................................31LWIVs – Supply Side Market Trends........................................................................................335 The World Subsea Vessel OperationsMarket Forecast.......................................................... 35Model Summary...........................................................................................................................36Global Market – by Region........................................................................................................37Global Market – by Sector.........................................................................................................38Africa – Market Overview & Drivers......................................................................................39Africa – Expenditure & Vessel Day Demand..........................................................................40Asia – Market Overview & Drivers ........................................................................................41Asia – Expenditure & Vessel Day Demand ............................................................................42Australasia – Market Overview & Drivers ............................................................................43Australasia – Expenditure & Vessel Day Demand ................................................................44Eastern Europe & FSU – Market Overview & Drivers ........................................................45Eastern Europe & FSU – Expenditure & Vessel Day Demand ...........................................46Latin America – Market Overview & Drivers .......................................................................47Latin America – Expenditure & Vessel Day Demand ..........................................................48Middle East – Market Overview & Drivers ...........................................................................49Middle East – Expenditure & Vessel Day Demand .............................................................50North America – Market Overview & Drivers ....................................................................51North America – Expenditure & Vessel Day Demand ........................................................52Norway – Market Overview & Drivers .................................................................................53Norway – Expenditure & Vessel Day Demand .....................................................................54UK – Market Overview & Drivers ..........................................................................................55UK – Expenditure & Vessel Day Demand .............................................................................56RoWE – Market Overview & Drivers ....................................................................................57RoWE – Expenditure & Vessel Day Demand ........................................................................586 Appendix................................................................... 59Data and Text Conventions.......................................................................................................60© 2012 Douglas-Westwood World Subsea Vessel Operations Market Forecast 2012-20162