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The World Offshore Maintenance, Modifications & Operations Market Forecast 2014-2018

Sustained and Significant Growth in Demand Forecast

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December 5, 2013 (www.investorideas.com newswire) In 2013, demand for offshore maintenance, modifications and operations services totalled $112 billion (bn) for the world's nearly nine thousand offshore platforms. Over the period 2014 to 2018 spend of $672bn is forecast; a 31% growth on the previous five-year period. This growth is driven by a combination of high oil prices, buoyant offshore development activity, ageing infrastructure (requiring modification) and price inflation for equipment and services.

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Asia is forecast to overtake North America's spend during the forecast period 2014-2018 to account for 30%, compared to North America's 27%. Asia 's large installed and operational base of infrastructure, combined with increasing offshore developments, will drive demand in the region.

Asset services, asset integrity and support service markets are to be dominated by North America, whilst Asia has the largest modification spend over the forecast period. By sector, asset services accounts for the largest share of spend (46%), followed closely by modifications (41%).

The World Offshore Maintenance, Modifications & Operations Market Forecast 2014-2018 analyses the demand for services in four key equipment and service lines: offshore asset services, asset integrity services, support services and modifications. The new edition's key themes are:

  • Drivers & indicators a review of factors influencing the service lines including; E&P trends; offshore fixed & floating platform population; offshore production forecast; oil & gas prices; asset lifecycle and politics, regulation & the Macondo effect.
  • Service line analysis for offshore asset services, asset integrity services, support services and modifications split out by service line, asset type and region with competitive landscape and detailed supply chain analysis.
  • Regional market analysis expenditure by service line 2009-2018 with trend commentary and speed reads for Africa, Asia, Australasia, Eastern Europe & FSU, Latin America, Middle East, North America, Norway, UK and Rest of Western Europe.

Why purchase the World Offshore Maintenance, Modifications and Operations Market Forecast?

Our market forecasting is trusted by sector players worldwide, with clients including the world's top-10 oil & gas companies, oilfield services companies and private equity firms. Our proven process includes:

  • Unique and proprietary data Updated year-round from published sources and insight gained from industry consultation.
  • Methodology developed through a combination of primary data gathering and in-house analysis. We have utilised our own in-house databases to form the basis for the offshore models. Assumptions used to generate market demand are the result of our primary and secondary research. Demand side analysis by service line provides a metric on which to establish future opportunities and provide a context for market share assessment.
  • Market forecasts comprehensive examination, analysis and ten-year view of maintenance, modifications & operations demand for key service lines, with historic data covering the period 2009-2013 and forecast data for 2014-2018.
  • Concise report layout consistent with DW's commitment to delivering value for our clients, all our market forecasts have a concise layout consisting of industry background and supporting materials condensed to enable quick review with 'speed-read' summaries of key points throughout.
  • An essential report for financial institutions, equipment manufacturers, offshore engineering, construction, operations & maintenance companies and contractors, drilling operators, oil & gas companies and government agencies & departments wanting to make more informed investment decisions.

More about Douglas-Westwood's Capabilities in the MMO Sector

DW's research team monitors and analyses many aspects of the global MMO market from mechanical services and process equipment procurement, to asset management and subsea tie-in modifications. Through our commissioned research we assist engineering houses, oilfield equipment manufacturers, fabric maintenance providers, asset integrity service providers, E&P operators and installation contractors in determining market dynamics, and assessing the supply and demand for MMO and associated services on regional and country-specific basis.

Email research@douglaswestwood.com for more information about commissioned research services.

Douglas-Westwood carries out advisory work, strategy development, business research and analysis for the international energy industries. We are the leading provider of commercial and market due diligence on the oilfield equipment & services sector and also provide services to players in upstream and downstream oil & gas, power and renewables. In the past three years, DW have provided services worldwide on refinancing, M&A deals and IPOs exceeding $15 billion.

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