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esearch and Markets: World ROV Operations Market Forecast: Drilling Support Accounts for Three-Quarters of Expenditure Between 2013 and 2017, and Is Expected to Increase by 13%
DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/tlt9xd/world_rov) has announced the addition of the “World ROV Operations Market Forecast 2013-2017” report to their offering.
The market for the operation of work-class ROVs is forecast through to 2017 in this sixth edition of the ‘World ROV Operations Market Forecast’. Results forecast total ROV operations expenditure of $9.7 billion, an increase of nearly 80% over the previous five-year period.
Almost 527, 000 days of ROV drilling support are forecast in the next five years, of which the majority is made up of work on exploration & appraisal (E&A) wells. Expenditure on construction support accounts for a fifth of ROV operations, with repair & maintenance accounting for the remaining.
Africa is forecast to experience strong demand from subsea development wells, driven by the discovery of new deepwater provinces offshore East Africa, and will remain the largest region, followed by Latin America and Asia. The Middle East has the lowest ROV spend, and along with Norway will see decline in spend. Latin America is set to show the strongest growth of all regions.
The ‘World ROV Operations Market Forecast 2013-2017’ analyses the main factors driving demand for ROV operations and key themes include:
Market drivers: identification and discussion of key underlying drivers and their influence on the global work-class ROV operations market.
Historic and forecast activity: 2008 to 2017, segmented by region & sector.
Market segmentation: by drill support, construction support and repair & maintenance, detailed by ROV days and units.
Detailed forecasts: of ROV activities, including work requirements on subsea trees, umbilicals & flowlines, subsea processing, FPSO mooring & risers, trunkline installation, exploration & appraisal wells and subsea development wells.
For more information visit http://www.researchandmarkets.com/research/tlt9xd/world_rov
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