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市场调查报告书

油田设备的全球市场

World Oilfield Equipment Market Forecast 2019-2023 Q1

出版商 Douglas-Westwood 商品编码 344807
出版日期 内容资讯 英文
商品交期: 最快1-2个工作天内
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油田设备的全球市场 World Oilfield Equipment Market Forecast 2019-2023 Q1
出版日期: 2019年07月02日内容资讯: 英文
简介

全球各种油田设备的支出额预计2023年达到1370亿美元的规模。

本报告提供全球油田设备市场现况与展望的相关调查,主要国家、地区的油田开发、投资趋势,上游、下游部门的各种设备 (50个类型以上)的分析、预测,宏觀经济趋势等市场影响因素分析等汇整资料。

主要调查结果

  • 全球支出额的成果、预测
  • 南美地区趋势
    • Vaca Muerta (阿根廷)
    • 深海鹽层下的持续开发 (巴西)
    • 几内亚进入石油、天然气产业
  • 中东地区趋势
    • 数处的海上开发的活跃化 (沙乌地阿拉伯)
    • 在伊拉克的棕地开发投资
  • 中国的趋势
  • 北美地区趋势
    • 支出预测
    • 对非传统型油田的持续性大规模投资
  • 海上鑽机市场趋势

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目录

Various international markets are expanding, with notable activity anticipated in Argentina, China and Saudi Arabia, all set for higher investment. This in turn means a boost for global OFE expenditure, whilst North America continues to be the largest market in the OFE forecast.

Description

Investment in Asia, Middle East to lift global Oilfield equipment sector

In the first quarter of 2019, oil prices have steadied at above $60/bbl (Brent), supported by signs of tightening supply following OPEC production cuts and the end to waivers on US sanctions on Iran. However, continued growth in crude output from the USA's onshore plays remains a downside risk to prices. Despite the uncertainty, investment continues to recover within the OFE sector, from a low of $93bn in 2016 to $119bn in 2019. Based on current expectations, industry revenue is expected to continue to increase into the 2020s, with oilfield equipment expenditure forecast to peak at $137bn in 2023.

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Key Conclusions:

  • Global expenditure of $640bn over 2019-2023; a $38bn uplift on the 2014-2018 period.
  • Latin America supported by onshore activity in Argentina's Vaca Muerta, continued development of Brazil's offshore pre-salt and Guyana's entry into the oil & gas sector via the Stabroek block.
  • Middle East bolstered by increases in activity at several Saudi Arabian offshore developments and brownfield production investment in Iraq.
  • China to bolster growth in Asia, as the country solidifies efforts to reduce reliance on hydrocarbon imports.
  • North American forecast expenditure to total $217bn, driven by continued high investment in US unconventional plays.
  • Despite improving utilisation and dayrates in the offshore rig market, the number of new orders will not be sufficient to offset the backlog from pre-2014.

Latin America is set for notable growth over the forecast, with expenditure peaking at $14bn in 2022. Onshore, Argentina's Vaca Muerta is a promising market. Several supermajors, including ExxonMobil, Petronas, and Total, have targeted the play as a source of future production growth. Argentina's expenditure will be driven largely by tubular goods and pumps, as well as pressure & flow equipment, with onshore OFE expenditure expected to increase by 45% to $2.2bn over the forecast. Another of the region's bright spots is Guyana, where the Stabroek block discoveries will transform the South American country's oil & gas sector. Up to five FPSOs are due to be deployed over the forecast and will see Guyana's oilfield equipment expenditure increase to nearly $1bn in 2022. Continued activity in Brazil's pre-salt will also bolster the region, with FPS expenditure dominating the country's OFE market.

In the Middle East, several production increases offshore Saudi Arabia will see the region's expenditure grow at a 5% CAGR to $18bn by 2023. Westwood expects a significant number of fixed platforms to be deployed across the Berri, Marjan, and Zuluf fields, with tenders anticipated within the next two quarters, supporting growth in the OFE sector. With Basrah Oil Company's $2.4bn Common Seawater Supply Project now in motion, Iraq is set to increase oil production through several brownfield developments including West Qurna-2, Rumaila and Zubair, leading to OFE expenditure close to pre-downturn levels.

With the highest levels of onshore drilling activity, North America is expected to lead the global oilfield equipment sector over 2019-2023. This has been almost entirely driven by the re-emergence of the US unconventional market, where strong growth continues despite takeaway capacity issues in the prolific Permian basin. Despite a continuation of pipeline capacity challenges in Canada, North America will remain the biggest player in the oilfield equipment market over the forecast, with expenditure reaching $48bn by 2023.

Despite the recent improvement to the utilisation and dayrate outlook for the offshore rig market, the expected number of new orders will not be sufficient enough to offset the declining backlog from pre-2014. As a result, Westwood forecasts a fall in rig equipment expenditure, despite an improved supply-demand picture.

The overall outlook for the oilfield equipment market is optimistic, with investment continuing to recover from the nadir of 2016. For the remainder of 2019 and beyond, the outlook is relatively strong, with a series of project sanctioning decisions expected to lead to improvements in both the onshore and offshore oilfield equipment sectors.

The World Oilfield Equipment Market Forecast offers unique insight into over 50 different equipment types across the upstream and midstream sectors and is an essential product for business planners and those looking to make informed investment decisions. Drawing from Westwood's SECTORS product and a wide-range of other internal databases (including land drilling rigs, helicopters, and upstream infrastructure), the World Oilfield Equipment Market Forecast also takes account of the latest macro-economic trends through daily updated databases and explicit commodity price, global inflation, and supply chain pressure inputs.

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