LONDON – The outlook for the fixed platform installation market looks strong across the five-year period to 2014, according to a new Infield Systems report. Infield sees capex over the time exceeding $80 billion with 1,651 platforms to be installed. Asia is expected to see the most capex, and the Gulf of Mexico to see the largest number of installations.
Projects such as gas storage in the United Kingdom and deep gas in the shallow waters off the Louisiana GoM coast are examples of new technology and adaptation of fixed platforms to new ways of extracting hydrocarbons. Along with the more conventional use of piled platforms, these regions are expected to be more active in the fixed platform market as concerns over energy security and production rates create development opportunities in long established fields.
Although only representing 2% of the market in platform installations, there is a large growth in capex for gravity-based platforms. These large fixed projects across the globe, designed to withstand environmentally harsh conditions, are attracting investment which provides further evidence of a promising outlook for the fixed platform market.
Fixed-platform market strong to 2014 says Infield
The outlook for the fixed platform installation market looks strong across the five-year period to 2014, according to a new Infield Systems report.