INTSOK Annual Market Report (2011-2014) ANGOLA

INTSOK Annual Market Report 2010
Main Markets - Angola
1.2 Field Development
CUBEAUTO Chart
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F(Country:Angola;On Off Shore:Offshore;INTSOK Category:Field
Development)
C(INTSOK Market Definition)
R(Year:2004-2014)
V(Value:USD million)
Figure 4: Offshore Field Development Market by Definition – Angola
Table 4: Offshore Field Development Market by Definition – Angola
CUBEAUTO USD millionReport 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Engineering S(FontSize:6;Format:#,##0) 254 426 774 819 687 535
F(Country:Angola;On Off Shore:Offshore;INTSOK Category:Field Development)
PC&I
C(Year:2004-2014)
496 498 530 912 968 490
650
372
661
442
510
400
717
535
1 848
1 101
SEP&V R(INTSOK Market Definition 273 Table) 258 272 414 461 244 189 231 176 205 482
Total
V(Value:USD million)
1 023 1 182 1 577 2 144 2 117 1 269 1 211 1 334 1 085 1 457 3 431
As major field development projects were delayed due to the financial crisis, the
market for new platforms and floating facilities dropped in 2009 to USD 1.3 billion.
This market is likely to remain at 2009 level until 2012 before growing rapidly in 2013-
2014. New floating facilities for PSVM (BP) and CLOV (Total) and modifications of
existing platforms help maintain the current level. Projects such as N’Goma, Cabaca
Norte, and Sangos (ENI), Malongo (Chevron), Pitangueira and Bananeira (Tullow Oil),
and PAJ (BP) contribute to growth towards USD 3.4 billion in 2014.
1.3 Subsea
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F(Country:Angola;On Off Shore:Offshore;INTSOK Category:Subsea)
C(INTSOK Market Definition)
R(Year:2004-2014)
V(Value:USD million)
Figure 5: Subsea Market by Definition – Angola
Table 5: Subsea Market by Definition – Angola
CUBEAUTO USD millionReport 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
SURF S(FontSize:6;Format:#,##0) 819 1 342 2 197 1 602 1 014
F(Country:Angola;On Off Shore:Offshore;INTSOK Category:Subsea)
Subsea
C(Year:2004-2014)
Equipment 440 720 1 180 860 542
1 228
656
2 630
1 410
2 490
1 336
1 926
1 033
1 854
993
2 928
1 570
Subsea R(INTSOK Services Market Definition 19 Table) 34 62 127 191 183 171 192 204 236 257
Total
V(Value:USD million)
1 278 2 097 3 438 2 589 1 747 2 067 4 212 4 018 3 163 3 083 4 755
Subsea spend in Angola fluctuated significantly over the years 2004-09 with a USD
3.4 billion top being reached in 2006 stemming from simultaneously high spending
levels at the Kizomba (ExxonMobil), Greater Plutonio (BP), Rosa (Total) and Dalia
(Total) developments. Growth in the period 2008-10 stems from the Pazflor (Total)
project. Expenditure levels will remain high with a 2011 spend of USD 4.0 billion as
the Pazflor and PSVM (BP) projects proceed. The longer term market level will be
secured through CLOV (Total) and Kizomba D (ExxonMobil). As subsea wells and
pipelines age, there will be a continuously increasing market for subsea services,
especially maintenance work carried out by ROV. This market is forecast to grow from
USD 171 million to USD 257 million over the period 2010-14.
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