July 19, 2016 - 8:26 AM EDT
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Global Subsea Market Report 2016-2020 - Analysis, Technologies & Forecasts - Research and Markets

Research and Markets has announced the addition of the "The Global Subsea Market to 2020" report to their offering.

This comprehensive report provides an in-depth analysis of the global subsea market and the key factors all market participants should be aware of. It considers current and future drivers, challenges and opportunities, providing readers with an unrivalled understanding of the global subsea market during the 2016-2020 period.

Subsea is vital to existing oil production and paramount for new projects, and the recent complications in the oil industry has had an influence on the subsea market. 2016 is very likely to be the bottom of the subsea market. The depth of this year's drop is keenly dependent on what level of remedial work appears. Experience suggests remedial levels should be there regardless. But with oil companies belts so tight, remedial work can still be postponed. Even seemingly critical tasks can be put off and left to some later date when budgets are available or just under less pressure.

A slow recovery thereafter appears, but is still at risk. The normal drivers of new projects are completely disconnected. Normally that would be project economics and a need to replace production decline. For now, the only driver is the desire, or lack of therein, to spend money. And that totally ignores whether projects are economic or not. Even then, years will pass before demand levels come back anywhere close to where they were.

Oversupply of expensive ships, and too many players chasing two few new contracts are current challenges. Massive capital expenditure programmes, wild expansion programmes, and corporate structures that have only ever known the great times, now do not clever at all. Financing issues will have to be addresses and current challenges overcome if the market wishes to grow at a healthy rate.

Report Structure:

1. Summary - Theatre Of Pain

2. Upstream: Money Turmoil

3. Demand Review: Stone Cold Reality Check

4. Supply: Huff And Puff Blows House Down

5. Demand Forecast: Troubled, Murky Waters

6. Balance And Day-Rates: All About Money, Now Missing In Action

7. Business Environment

8. Glossary Of Terms

9. Contacts

For more information visit http://www.researchandmarkets.com/research/knlh5w/the_global_subsea

Research and Markets
Laura Wood, Senior Manager
[email protected]
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Sector: Oil and Gas Exploration and Production


Source: Business Wire (July 19, 2016 - 8:26 AM EDT)

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