Oilfield Service Solutions
Speaker: Matthew Watson,
Director, Global Sales
Oilfield Service 2015 Review
Speaker: Audun Martinsen,
Article: Can cost compression bring subsea projects “in the money” at current oil price?
Jon Fredrik Müller, Senior Project Manager, and Audun Martinsen, VP Analysis
RYSTAD ENERGY PRODUCT HIGHLIGHTS
Oilfield Service Databases
• DCube (Demand Database): Historical and forecasted opex and capex for global oil and gas fields, split on supplier segment and geography
In the latest DCube version (January 2015) we now see the impact on oilfield service purchases reflecting 30$ oil and the capital constraints it puts on E&P companies. 2016 oilfield service purchases is expected to come down by 14%.
• SCube (Supplier Database): Reported revenue from oil service companies split on the same supplier segments and geographies as DCube
The Q4 2015 version of SCube shows that the revenue decline has started to slow down. The third quarter is down by 5% compared to the second quarter of 2015 with -8%.
• RigCube (Rig Demand & Supply Database): Global, offshore rig demand (rig count) and supply based on bottom-up, field-by-field activity analysis
Offshore drillers still face a challenging future. The Q4 2015 RigCube version shows that the demand for floaters in 2016 will decrease by 16% compared to 2015. For jack-ups the demand will fall by 6%.
OFS Newsletter Subscription: If you are not yet a subscriber to this email or you would like to receive one of our other industry newsletters, please fill out the Newsletter Subscription Form