Upstream supply chain in brief

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

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

The upstream supply chain in brief provides critical insight on the latest market news and trends within the offshore oil and gas market. Within this offering, Wood Mackenzie's team of dedicated supply chain experts are uniquely positioned to add value to our clients during a highly challenging time by translating market event drivers into possible implications for the global supply chain. Insight around market events is driven by deep understanding of the upstream supply chain space and compliments the team's offering providing global and regional capex forecasts, news on the latest contracting activity as well as installation trends.

What's included

This report contains

  • Document

    USC contracts awarded March April.xlsx

    XLSX 14.63 KB

  • Document

    Upstream supply chain in brief

    PDF 934.14 KB

  • Document

    Upstream supply chain in brief

    ZIP 846.64 KB

Table of contents

  • Subsea orders in Q1 2018: strong overall demand, Norway still in front
  • Jurong lures private equity dollars into the ultra- deepwater rig sector
  • Rosebank moving towards FID
  • Borr sells off Paragon assets in one fell swoop
  • Dash for gas gives a boost to offshore activity
  • Increased SURF tender and award activity driven by cost reductions
  • Deepwater day rates remain persistently low
  • Statoil protects against inflation with new rig contract
  • Subsea 7 issues unsolicited proposal to acquire McDermott
  • Subsea market flips back to growth
  • Bottom for deep water rig market looms
  • Global subsea cost outlook
  • Positive subsea activity leads to strong 2018 demand potential
  • Leased FPSO market overview
  • Transocean third quarter earnings call
  • Noble Corp. third quarter earnings call
  • Diamond Offshore third quarter earnings call
  • Ensco Drilling third quarter earnings call
  • Subsea market improving, but remains challenging for supply chain
  • 2017 SURF contract award activity
  • Global deepwater exploration activity
  • Borr Drilling snaps up nine new jackups
  • Deepwater rig counts & utilisation
  • Transocean extends back-log for Deepwater Invictus
  • Worley Parsons to acquire the UK business section of Amec Foster Wheeler
  • Libra Pilot project update
  • ROV utilisation ratesto recover

Tables and charts

This report includes 32 images and tables including:


  • Global subsea orders with average size tree count
  • Q1 2018 Subsea orders by manufacturer
  • Premium Norwegian harsh environment (HE) semisub versus global midwater semisub leading edge dayrate
  • US Gulf of Mexico subsea tree demand versus global demand (base case)
  • Subsea tree demand by operator type (2013-2022e; ~2,600 units)
  • Jackup unit counts
  • Asset locations
  • Leading edge day rates - drillships
  • Well count by region
  • Operational and stacked drillships
  • Norway harsh environment rig rates and contract lengths vs. global
  • Timeline of Subsea 7 alliances and acquisitions
  • Contractor backlogs
  • 2017 Subsea tree awards by manufacturer
  • Historical and forecast subsea tree awards
  • Key EPC (I) and decommissioning contract activity
  • Utilisation by rig category
  • Day rates by rig category
  • Subsea cost index
  • FPSO awards 2012-2021e
  • Global subsea tree forecast (base case)
  • Tier 1 contractor backlog progression
  • Exploration forecast to 2021
  • Jackup counts and utilisation
  • Floater counts and utilisation
  • Subsea Tree Awards Forecast
  • ROV count vs ROV utilisation for heavy and mid ROVs


  • 2017 subsea tree awards for the US Gulf of Mexico
  • Active project tender list for SURF contracts
  • High profile subsea opportunities
  • 2017 EPIC SURF contracts

Questions about this report?

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