The Rise of the Work-class ROV Market
high powered ROV’s, increasing the total spend. The deepwater ‘Golden Triangle’ regions of Africa, Latin America and North America are expected to continue to hold the most long-term growth potential and the biggest markets. Asia will also show significant growth. The Author Kathryn Symes joined DW in 2013, graduating from Queen Mary College University of London with an MSci (Hons) Economics degree and then working for an investment firm in China. Since joining DW she has carried out research in the oil, gas and renewables sectors including numerous FPSO orientated research engagements
Work-Class Operations Expenditure to Grow by 80%
From 2013-2017 Douglas-Westwood (DW) forecast total ROV operations expenditure of approximately $9.7 billion, an increase of nearly 80% over the previous five-year period ($5.4 billion) in this sixth edition of the World ROV Operations Market Forecast. Author, Kathryn Symes, commented, “Drilling support accounts for three-quarters of expenditure between 2013-2017, and is expected to increase over the period by 13%. DW forecast almost 527,000 days of ROV drilling support in the next five years, of which the majority is made up of work on exploration and appraisal wells. Expenditure on constructi
ROV Work-Class Operations Expenditure to Grow 80%
From 2013 to 2017 Douglas-Westwood (DW) forecast total ROV operations expenditure of approximately $9.7 billion (bn), an increase of nearly 80% over the previous five-year period ($5.4bn) in this sixth edition of the World ROV Operations Market Forecast. Author, Kathryn Symes, commented, “Drilling support accounts for three-quarters of expenditure between 2013 and 2017, and is expected to increase over the period by 13%. DW forecast almost 527,000 days of ROV drilling support in the next five years, of which the majority is made up of work on exploration & appraisal wells. Expenditu
February 2024
