Spending in the Global Deepwater & Ultra Deepwater Exploration and Production (E&P) Market to Total $66.25Bn, According to a New Study on ASDReports

Monday 14 July 2014, Amsterdam

The new report now available on ASDReports, Prospects for Top Companies with Seismic, Drilling, Subsea & FPS Technologies highlights that spending in the global Deepwater & Ultra Deepwater E&P market will total $66.25bn in 2014, as all submarkets and regions hold opportunity for growth.

The lead analyst of the report commented that: ‘Although the impact of the Macondo oil spill, resulting in high costs and technological barriers has led to more reserved spending levels in deepwater & ultra deepwater E&P in recent years, there are substantial growth prospects within this market. As energy demand increases, understanding of new reservoirs is enhanced and new generation vessels enter the market, deepwater & ultra deepwater E&P is set to boom. Recent concerns over E&P spending from oil majors, in addition to potential overcapacity in the drilling submarket, are expected to impact growth during the next few years, yet the ten year outlook on spending is set to rebound and drive production increases at a global scale.”

The 247 page report contains 235 tables, charts and graphs that add visual analysis in order to explain developing trends within the Deepwater & Ultra Deepwater E&P market. The new report provides forecasts for the period 2014-2024 in terms of both spending for the global market, as well as for four submarkets: seismic, drilling, subsea and FPS. Spending forecasts are also provided for 7 regional markets (South America, Gulf of Mexico, West Africa, East Africa, Asia Pacific, Europe, Rest of the World), including submarket breakdowns. The report provides profiles of 21 leading companies operating within the market, and includes three interviews with major companies Saipem, Resources for the Future and GETECH offer expert insight alongside the report's analysis.

The Deepwater & Ultra Deepwater Exploration & Production (E&P) Market Forecast 2014-2024: Prospects forTop Companies with Seismic, Drilling, Subsea & FPS Technologies will be of value to current and future potential investors in the Deepwater & Ultra Deepwater E&P industry, as well as companies and research centres who wish to broaden their knowledge of the Deepwater & Ultra Deepwater E&P industry’s global and regional markets.