Name of the Report :
World ROV Operations Market Forecast 2015-2019

Published Date : 10 September 2015

Table of Contents

1 Summary & Conclusions.........7
Summary .........8
Conclusions .........9 

2 Introduction to ROVs .........10
ROV Classification .........11
ROV Work Scopes .........12
ROV Deployment .........13 

3 Competitive Landscape .........14
Competitive Landscape: ROV Operators .........15
Top Tier ROV Operators .........16
Competitive Landscape: ROV Manufacturers .........18
Top Tier ROV Manufacturers .........19 

4 Market Drivers .........25
Population & GDP Growth Drive Energy
Demand .........26
Oil Supply & Demand .........27
Offshore Oil & Gas.........28
Oil & Gas Challenges .........29
Oil Price Volatility .........30
Offshore Rigs and Offshore Capex .........31
Subsea Focus Areas .........32
Offshore Fixed & Floating Platform Population .........33

5 The ROV Operations Market ......... 34
ROV Market Model Methodology .........35
Methodology: Barriers and Limitations .........36
Global ROV Forecast Totals by Hardware .........37
Global ROV Forecast Totals by Region .........38
Drilling Support Market Demand by Region .........39
Construction Support Market Demand by Region .........40
IRM Support Market Demand by Region .........41
Africa .........42
Asia .........43
Australasia .........44
Eastern Europe & FSU .........45
Latin America .........46
Middle East .........47
North America .........48
Western Europe .........49 

6 Appendix ......... 50
Data and Text Conventions .........51

List of Tables

Table 1: ROV Operators Competitive Landscape .........14
Table 2: ROV Manufacturers Competitive Landscape ......... 17
Table 3: Global ROV Days by Components, Units and Spend by Market 2014-2019 .........36
Table 4: Global ROV Days, Units and Spend by Region 2014-2019 .........37
Table 5: Global Drilling Support ROV Days, Units and Spend by Region 2014-2019 .........38
Table 6: Global Construction Support ROV Days, Units and Spend by Region 2014-2019 39
Table 7: Global IRM ROV Days, Units and Spend by Region 2014-2019 .........40
Table 8: Africa ROV Days by Components, Units and Spend by Market 2014-2019 .........41
Table 9: Asia ROV Days by Components, Units and Spend by Market 2014-2019 .........42
Table 10: Australasia ROV Days by Components, Units and Spend by Market 2014-19 .........43
Table 11: EE & FSU ROV Days by Components, Units and Spend by Market 2014-19 .........44
Table 12: L. America ROV Days by Components, Units and Spend by Market 2014-19 .........45
Table 13: Middle East ROV Days by Components, Units and Spend by Market 2014-19 .........46
Table 14: N. America ROV Days by Components, Units and Spend by Market 2014-19 .........47
Table 15: W. Europe ROV Days by Components, Units and Spend by Market 2014-19 .........48

List of Figures

Figure 1: Global ROV Spending and Global ROV Days by Components 2010-2019 .........7
Figure 2: Global WROV Fleet Operator Tier Split .........14
Figure 3: Top-tier operators’ work-class ROV fleet evolution over the 2012-2014 period .........15
Figure 4: Lifting-to-Weight ratios .........22
Figure 5: Power-to-Weight ratios .........22
Figure 6: Components of a blowout preventer ..........23
Figure 7: Global Population Growth & Energy Demand, 1965-2012 .........25
Figure 8: Primary Energy Demand by Region 1965-2015 .........25
Figure 9: Oil Price & Demand 1990-2014 .........26
Figure 10: World Liquids Production Growth, 2005-2015 .........26
Figure 11: Onshore vs Offshore Oil & Gas Production, 2005-2021 .........27
Figure 12: Development Wells in Water Depth (1960 – 2020) .........27
Figure 13: Oil & Gas Production versus E&P Spend, 2000-2015e .........28
Figure 14: Skilled Workers by Age Category, 2014 .........28
Figure 15: Historical Brent and WTI Oil Prices, January 2010 – July 2015 .........29
Figure 16: Brent Annual Average Spot Price Forecasts, 2010 - 2020.........29
Figure 17: Offshore Rigs Contracted 2000-2020 .........30
Figure 18: Offshore Capex by Component .........30
Figure 19: Total Platform Population by Region, 2015 .........32
Figure 20: Fixed and Floating Platform Population by Region, 2015-2020 .........32
Figure 21: Global ROV Spending and Global ROV Days by Components 2010-2019 .........36
Figure 22: Global ROV Spending and ROV Days by Region 2010-2019 .........37
Figure 23: Global ROV Drilling Support Spending and Days by Region 2010-2019 .........38
Figure 24: Global ROV Construction Support Spending and Days by Region 2010-2019 ...39
Figure 25: Global IRM ROV Spending and Days by Region 2010-2019 .........40
Figure 26: Africa ROV Spending and Global ROV Days by Components 2010-19 .........41
Figure 27: Asia ROV Spending and Global ROV Days by Components 2010-19 .........42
Figure 28: Australasia ROV Spending and Global ROV Days by Components 2010-19 .........43
Figure 29: E.E & FSU ROV Spending and Global ROV Days by Components 2010-19 .........44
Figure 30: L. America ROV Spending and Global ROV Days by Components 2010-19 .........45
Figure 31: Middle East ROV Spending and Global ROV Days by Components 2010-19 .........46
Figure 32: N. America ROV Spending and Global ROV Days by Components 2010-19 .........47
Figure 33: W. Europe ROV Spending and Global ROV Days by Components 2010-19 .........48

Summary

ROV Work Class Operations Market Lower on Weaker Rates & Utilisation
This forecast the market for the operation of work-class ROVs through to 2019 in this seventh
edition of the World ROV Operations Market Forecast. This edition has seen a full refresh of
the market model with the latest of this offshore data and revisions to methodology, 
sense-checked through extensive consultation with industry.

The conclusions of the report highlight the current market challenges with weaker dayrates
and lower levels of utilisation for the work-class fleet. This anticipates the global ROV market
to significantly contract in value terms in 2016 (-6.3%) and then plateau in 2017, due to the
current oil price downturn.

Recovery later in the decade results in an overall compound annual growth rate (CAGR) of 
4.3% for ROV expenditures over the forecast period. In unit terms, the global fleet is forecast 
to grow 193 units over the period, from 983 in 2014 to 1,176 in 2019. ROV operational 
expenditure for the forecast period is expected to total $14.2 billion, an increase of nearly 
19% over the previous five-year period.

Drilling support accounts for some 55% of the current market followed by construction 
support at 29%. The remaining IRM market is the smallest but also the most resilient to 
downturns in oil price.

Regionally, the Middle East is a bright spot, with no downturn in expenditure evident 
and a CAGR of 6.5% to 2019. It does, however, only accounts for 10% of overall spend 
in 2015 due to the extensive use of divers in the region. Latin America is now the largest 
market albeit growth levels are somewhat muted at 3.3% CAGR as a result of slowdown 
in developments in Brazil.

The World ROV Operations Market Forecast 2015-2019 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 – 2010 to 2019, 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.
 
Why purchase the World ROV Operations Market Forecast?
The World ROV Operations Market Forecast is an excellent source of information for those
seeking a timely update on this dynamic and rapidly changing industry. Geared to senior 
executives’ needs, the report assumes no previous knowledge of the subject area. The 
report provides the reader with a comprehensive understanding of the key trends involved 
in shaping the requirement for ROV operations

This market forecasting is trusted by sector players worldwide, with clients including the world’s
top-10 oil & gas companies, top-10 oilfield services companies and top-10 private equity firms.

The report is relevant to strategy teams within subsea manufacturing, subsea services, drilling
operations and offshore construction companies as well as financial institutions.

Price

Single User PDF : £3,450
Single User Hardcopy : £3,450
Multi-User PDF (5 users) : £4,450
Multi-User Hardcopy (5 copies) : £4,450

Disclaimer
All Rights Reserved.Search words (for official use only) :

By purchasing this document, your organisation agrees that it will not copy or allow to be
copied in part or whole or otherwise circulated in any form any of the contents without
the written permission of the publishers. Additional copies of this study may be purchased
at a specially discounted rate.

The information contained in this document is believed to be accurate, but no representation
or warranty, express or implied, is made by the publisher as to the completeness, accuracy
or fairness of any information contained in it and we do not accept any responsibility in
relation to such information whether fact, opinion or conclusion that the reader may draw.
The views expressed are those of the individual authors and do not necessarily represent
those of the publishers.

To order this report, please send an email to mail@worldoils.com

--------------------------------------------------------------------------------------------------------------------
Search words (for official use only) :
Competitive Landscape: ROV Manufacturers
Population & GDP Growth Drive Energy 
Drilling Support Market Demand by Region
Global ROV Days, Units and Spend by Region 2014-2019
Asia ROV Spending and Global ROV Days by Components 2010-19
Global Population Growth & Energy Demand, 1965-2012
Onshore vs Offshore Oil & Gas Production, 2005-2021
Total Platform Population by Region, 2015
--------------------------------------------------------------------------------------------------------------------