Insight

Offshore service sector: what to look for in 2017

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

Report summary

As operators and the supply chain adapt to the more challenging conditions Wood Mackenzie is positioned to support the industry with enhanced market coverage and a developing suite of upstream supply chain solutions. The team takes a look at what 2017 will hold: Further consolidation: M&A collaboration and joint venture projects are increasingly common across the supply chain and we expect more of the same in 2017. More FIDs: But it may be towards the end of the year before we see any major increase in associated contract awards. Drilling still in the doldrums: Exploration drilling will remain on a downwards trajectory throughout 2017 whereas development drilling should stay flat. Global vessel market demand driven by deepwater: Newbuild demand will focus on higher spec models and deepwater will still be the main market driver. Uptick in decommissioning: The number of platforms reaching removal age will accelerate particularly in the North Sea through to 2020.

What's included

This report contains

  • Document

    ofs 2017 outlook.xlsx

    XLSX 100.18 KB

  • Document

    Offshore service sector: what to look for in 2017

    PDF 399.40 KB

  • Document

    Offshore service sector: what to look for in 2017

    ZIP 473.70 KB

Table of contents

Tables and charts

This report includes 3 images and tables including:

Images

  • Pre-FID projects by country, theme and operator, with commercially recoverable reserves (million boe)
  • Global deepwater well demand by Type 2011a-2020e
  • Shallow water USA DSV/ROVSV demand by sector (days)

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898