Infield forecasts offshore platform growth in Asia

Asia is forecast to see both the largest number of fixed platforms installed and the largest amount of financial investment within this market sector, according to a new report from Infield Systems Ltd.

Offshore staff

LONDON -- Asia is forecast to see both the largest number of fixed platforms installed and the largest amount of financial investment within this market sector, according to a new report from Infield Systems Ltd.

Growth in Asia is contrasted with falling new platform installations in the US Gulf of Mexico, a market which is well established and now considered mature. In the US those wishing to take advantage of the large installed base of export lines, onshore refining facilities, and an energy hungry local populous, are being forced to move into deeper waters, where fixed platform solutions are no longer practical. Subsequently North America is the only region that shows a fall in the five-year forecast.

Piled platforms remain the most dominant type of installation, according to the report. These types of platform represented close to 70% of installations from 2004 to 2008. Infield predicts that piled platforms will represent 80% of the market between 2009 and 2013.

More information is available in Infield’s fourth edition of the Global Perspectives Fixed Platforms Market Update Report 2009/13. The report covers all types and sizes of offshore fixed platforms including gravity-based, jackup, guyed, suction piled, as well as piled-type platforms.

The report is available for purchase at http://www.infield.com

07/22/2009

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