Remotely Operated Vehicles (ROV) in the Energy Industry 2014 2024

Remotely Operated Vehicles (ROV) in
the Energy Industry 2014-2024

©notice
This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain. You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.

Chapters
1. Executive Summary
1.1 Global ROV Market Overview
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology & Market Definition
1.5 Global ROV Market Forecast 2014-2024
1.6 Regional ROV Market Forecasts 2014-2024
1.7 Global AUV Market Forecast 2014-2024

2. Introduction to the ROV Market
2.1 Remotely Operated Vehicles in the Energy Industry
2.2 Brief History of ROVs
2.3 Types of ROV
2.4 ROV Tasks in the Energy Industry
2.5 ROVs in the Energy Market: Market Definition and Structure

3. Global Market Forecast for ROVs in the Energy Industry
2014-2024
3.1 What Are the Core Drivers and Restraints Affecting CAPEX on ROV Operations, Services and Construction
Worldwide?
3.2 What Activity Type is Currently the Most Important to Spending on ROVs?
3.3 ROV Demand Cycle
3.4 What Are The Most Prominent Regional Trends In The Energy Industry Affecting CAPEX On ROVs?

4. ROV Submarket Forecasts 2014-2024
4.1 Global ROV Operations/Services Submarket 2014-2024
4.1.1 How Will Offshore Oil and Gas E&P Activity Affect ROV Utilisation Rates?
4.1.2 How Much Demand Growth is Expected for Offshore Maintenance/Inspection Activity and What
Impact Will This Have on ROV Demand?
4.1.3 How Does the Decommissioning Market Affect the ROV
4.1.4 What Are The Main Restraints on the ROV Operations and Services Submarket?

www.visiongain.com

Chapters
4.2 Global CAPEX on New Build ROVs 2014-2024
4.2.1 Drivers and Restraints on ROV New Build CAPEX
4.2.2 Who Manufactures ROVs?
4.2.3 Which Regions Contain Dominant ROV Manufacturers and Why?
4.2.4 How Likely Is It That There Will Be An Increase in the Regional Diversity of ROV Construction?
4.3 Global CAPEX on New Build Observation, Inspection and Light Work Class ROVs for the Energy Industry
4.4 Global CAPEX on Medium- and Heavy-Work Class ROVs for the Energy Industry

5. Regional ROV Market Forecasts 2014-2024
5.1 ROV Markets Barriers to Entry Analysis
5.1.1 Regional Markets Barriers to Entry Analysis
5.1.2 What Are The Barriers to Becoming a Manufacturer and/or Operator of an ROV(s)?
5.1.3 ROV Submarket Barriers to Entry Analysis
5.2 ROVs in the European Energy Industry Market Forecast 2014-2024
5.2.1 Drivers and Restraints on the European ROV Market
5.2.2 Major European Subsea Hardware Installation and Offshore Drilling Projects
5.2.3 How Great Will Offshore Maintenance Requirements Be in Europe?
5.2.4 How Important is Offshore Decommissioning to ROV Demand in Europe?
5.2.5 UK Offshore Decommissioning
5.2.6 Norwegian Decommissioning
5.2.7 Will A Slowdown in Offshore E&P Activity to Affect European ROV Demand?
5.3 ROVs in the North American Energy Industry Market Forecast 2014-2024
5.3.1 Drivers and Restraints on the North American ROV Market
5.3.2 Major North American Subsea Hardware Installation and Offshore Drilling Projects
5.3.3 What Influence Will Safety Regulations Have on ROV Demand in the Gulf of Mexico?
5.3.4 What Will The Impact of Mexican Constitutional Changes Be On ROV Demand?
5.3.5 What Impact Will Decommissioning Activity In The Gulf of Mexico Have On The North American
ROV Market?
5.4 ROVs in the South American Energy Industry Market Forecast 2014-2024
5.4.1 Drivers and Restraints on the South American ROV Market
5.4.2 Major South American Subsea Hardware Installation, FPSO Installation and Offshore Drilling =
Projects
5.5 ROVs in the African Energy Industry Market Forecast 2014-2024
5.5.1 Drivers and Restraints on the African ROV Market
5.5.2 Which Offshore Spaces Around Africa Will See The Greatest Increase in ROV Demand

www.visiongain.com

Chapters
5.5.3 Major African Subsea Hardware Installation and Offshore Drilling Projects
5.5.4 Challenges To The Development of an East African Offshore Industry
5.6 ROVs in the Asia Pacific Energy Industry Market Forecast 2014-2024
5.6.1 Drivers and Restraints on the Asia-Pacific ROV Market
5.6.2 Major Asia Pacific Subsea Hardware Installation and Offshore Drilling Projects
5.6.3 How Important is Decommissioning Activity in the Asian Pacific Region to ROV Spending?
5.7 Market Forecast for ROVs in the Energy Industry of the Rest of the World 2014-2024
5.7.1 Major Subsea Hardware Installation and Offshore Drilling Projects in the Rest of the World

6. Autonomous Underwater Vehicles in the Energy
Industry
6.1 Autonomous Underwater Vehicles (AUVs)
6.2 Global Market Forecast of AUVs for the Energy Industry 2014-2024
6.2.1 Amount of AUVs Utilised in by the Energy Industry
6.2.2 Global Drivers & Restraints on AUV Use by the Energy Industry
6.2.3 AUV CAPEX vs. ROV CAPEX

7. PEST Analysis of the ROV Market 2014-2024
8. Expert Opinion
8.1 Saab Seaeye
8.1.1 Saab Seaeye in the ROV Market
8.1.2 The Evolution of the ROV/AUV Markets
8.1.3 Improving HSQE Standards Offshore and the ROV Market
8.1.4 Are ROVs Becoming Increasingly Specialised Or Is Their Functionality Range Increasing?
8.1.5 What Are The Reasons For An ROV To Be Retired?
8.1.6 What Limitations Are There On The ROV Market?
8.1.7 ROV Price Variability
8.1.8 How Sector Specific Are ROVs?
8.1.9 Innovation in the ROV Industry
8.1.10 Will Any One Type of ROV Be In Particularly Strong Demand Going Forward?
8.1.11 Are There Any ROV Manufacturers Outside of Europe and North America?

www.visiongain.com

Chapters
8.1.12 Asian Pacific Competition in the ROV New Build Market

9. Leading Companies in the ROV Market
9.1 New Build ROV Manufacturers
9.1.1 Forum Energy Technologies
9.1.1.1 Future Outlook
9.1.1.2 Relevant Merger & Acquisition Activity
9.1.2 Saab Seaeye Overview
9.1.3 Schilling Robotics Overview
9.1.3.1 Schilling Becomes Part of FMC Technologies
9.1.4 Soil Machine Dynamics (SMD) Overview
9.1.5 VideoRay Overview
9.2 New Build ROV Manufacturers & ROV Service Providers/Operators
9.2.1 Fugro Overview
9.2.2 Hallin Marine Overview
9.2.3 IKM Gruppen (IKM Subsea) Overview
9.2.4 Oceaneering International Inc. Overview
9.2.4.2 Drill Support and the MODU Market
9.2.5 Subsea 7 S.A. (incl. i-Tech) Overview
9.3 ROV Service Providers/Operators
9.3.1 Canyon Offshore Overview
9.3.2 DeepOcean Group Overview
9.3.3 DOF Subsea Overview

www.visiongain.com

Chapters
9.3.4 Harkand Overview
9.3.5 Saipem Overview
9.3.6 Technip Overview
9.4 Other Leading Companies in the Market

10. Conclusions & Recommendations
10.1 Global ROV Market Outlook

`

10.2 Global ROV Market Drivers & Restraints
10.3 Global and Submarket ROV Forecasts 2014-2024
10.4 Leading Regional Market Forecasts 2014-2024

11. Glossary
List of Tables
Table 1.1 Global ROV Submarket Forecast Summary 2014, 2019, 2024 ($m, CAGR %)
Table 1.2 Regional ROV Market Forecasts Summary 2014, 2019, 2024 ($m, CAGR %)
Table 3.1 Global Market Forecast 2014-2024 ($bn, AGR %, CAGR%, Cumulative)
Table 3.2 Global ROV Market Drivers and Restraints
Table 4.1 ROV Submarkets CAPEX Forecast, by region, 2014-2024 ($m, AGR %, CAGR%)
Table 4.2 ROV Operations/Services CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 4.3 Australian LNG Export/Liquefaction Terminals Planned/Under Construction To Be Fed by North West Shelf
Offshore Natural Gas (Location, Operator/Owner, Capacity, Construction Cost $, Construction Period)
Table 4.4 Regulation with Affect on Offshore Decommissioning (Name of Regulation, Description of Regulation)
Table 4.5 Regional Offshore Oil and Gas Decommissioning Market Forecasts Summary 2013, 2018, 2023 ($m),
2013-2023 CAGR (%)
Table 4.6 ROV New Build CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 4.7 ROV New Build Drivers and Restraints
Table 4.8 Observation, Inspection and Light Work Class CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 4.9 Medium- & Heavy Work Class ROV New Build CAPEX Forecast 2014-2024 ($m, AGR %, CAGR%)
Table 5.1 Regional ROV Market Forecast 2014-2024 ($m)
Table 5.2 European ROV Market and Submarket Forecasts 2014-2024 ($m, AGR %, CAGR%)

www.visiongain.com

Chapters
Table 5.3 European ROV Market Drivers & Restraints
Table 5.4 Major Norwegian Subsea Hardware Installation and Offshore Drilling Projects (Project, Majority Partner,
Status)
Table 5.5 Major UK Subsea Hardware Installation and Offshore Drilling Projects (Project, Majority Partner, Status)
Table 5.6 Major European Subsea Hardware Installation and Offshore Drilling Projects excluding UK & Norway
(Project, Majority Partner, Country, Status)
Table 5.7 Current Contracts and Projects in the UK North Sea (Area, Operator, Estimated Costs, Estimated Period)
Table 5.8 Structure Characteristics of the Brent Field
Table 5.9 Major Projects Considered for Decommissioning (Location, Operator, Status)
Table 5.10 North American ROV Market and Submarket Forecasts 2014-2024 ($m, AGR %, CAGR%)
Table 5.11 North American ROV Market and Submarket Forecasts 2014-2024 ($m, AGR %, CAGR%)
Table 5.12 North American ROV Market Drivers & Restraints
Table 5.13 Status of Major North American Drill Support and Subsea Hardware Installation Projects Requiring ROVs
Table 5.14 South American ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.15 South American ROV Market Drivers & Restraints
Table 5.16 Major South American Subsea Hardware Installation and Offshore Drilling Projects (Project, Majority
Partner, Country, Status)
Table 5.17 Current Brazilian FPSO Projects (Owner, Location, Field Operator, Status, Earliest Operation)
Table 5.18 Recent & Upcoming Offshore Licensing Rounds in South America
Table 5.19 African ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.20 African ROV Market Drivers & Restraints
Table 5.21 Major African Subsea Hardware Installation and Offshore Drilling Projects excluding UK & Norway
Table 5.22 East African Countries’ Global Competitiveness Report 2012-2013 Scores
Table 5.23 East African Countries’ Doing Business 2013 Scores
Table 5.24 East African Countries’ Corruption Perception Index 2012 Scores (Out of 174)
Table 5.25 Asia Pacific ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.26 Asia Pacific ROV Market Drivers & Restraints
Table 5.27 Major Asia-Pacific Subsea Hardware Installation and Offshore Drilling Projects excluding UK & Norway
Table 5.28 Recent Offshore Licensing Rounds in Asia Pacific
Table 5.29 Rest of the World ROV Market 2014-2024 ($m, AGR %, CAGR%)
Table 5.30 Major Subsea Hardware Installation and Offshore Drilling Projects in the Rest of the World
Table 6.1 Global AUV Market Forecast 2014-2024 ($m, AGR %, CAGR%, Cumulative)
Table 6.2 Global Drivers & Restraints on AUV Use by the Energy Industry

www.visiongain.com

Chapters
Table 7.1 PEST Analysis of the Market 2014-2024
Table 9.1 Leading Companies in the ROV Market by Type (Manufacturers, Manufactures/Service Providers, ROV
Services)
Table 9.2 Forum Energy Technologies (FET) Overview (Total Revenue (2012), Submarket, HQ, Website)
Table 9.3 Forum Energy Technologies Product Overview
Table 9.4 Saab Seaeye Overview (Revenue, Submarket, HQ, Website)
Table 9.5 Saab Seaeye Product Overview
Table 9.6 Schilling Robotics Overview (Submarket, HQ, Website)
Table 9.7 Schilling Robotics Product Overview
Table 9.8 Soil Machine Dynamics Overview (Revenue, Submarket, HQ, Website)
Table 9.9 Soil Machine Dynamics Product Overview
Table 9.10 VideoRay Overview (Revenue, Submarket, HQ, Website)
Table 9.11 VideoRay Product Overview
Table 9.12 Fugro Overview (Revenue, Contract Backlog, Number of ROVs, Submarket, HQ, Ticker, Website)
Table 9.13 Fugro ROVs (Model, Type, Depth Rating, Payload, Power, Manipulators)
Table 9.14 Hallin Marine Overview (Revenue, ROVs, Submarket, HQ, Ticker, Website)
Table 9.15 Hallin Products (Model, Type, Depth Rating, Payload, Power)
Table 9.16 IKM Gruppen Overview (Revenue, ROVs, Submarket, HQ, Website)
Table 9.17 Major IKM Gruppen Recent and Ongoing Projects (Client/Country, Value, Date, Details)
Table 9.18 Oceaneering International Inc. Overview (Total Revenue, Revenue from Market, % Revenue From
Market, ROVs, Submarket, HQ, Ticker, Website)
Table 9.19 Oceaneering International Inc. Product Overview
Table 9.20 MODU Submarket Forecasts Summary 2013, 2018, 2023 ($m, CAGR %)
Table 9.21 Subsea 7 (incl. i-Tech) Overview (Revenue, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.22 Subsea 7 & i-Tech ROV Overview (Model, Type, Depth Rating, Payload, Power, Manipulators)
Table 9.23 Canyon Offshore Overview (Revenue, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.24 DeepOcean Overview (ROVs, Submarket, HQ, Website)
Table 9.25 North Sea Offshore Oil and Gas Decommissioning Market Forecasts 2013, 2018, 2023 ($m), 2013-2023
CAGR (%)
Table 9.26 DOF Subsea Overview (Operating Income, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.27 DOF Subsea Vessel Orders (Vessel, Yard, Delivery, Type, Contract)
Table 9.28 Harkand Overview (Submarket, HQ, Website)
Table 9.29 Saipem Overview (Revenue, Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.30 Technip Overview (Total Revenue (2011), Contract Backlog, ROVs, Submarket, HQ, Ticker, Website)
Table 9.31 Other Leading Companies in the ROV Market 2013 (Company, Involvement in the ROV Market)
Table 10.1 Global ROV Market Drivers and Restraints

www.visiongain.com

Chapters
Table 10.2 Global ROV Submarket Forecast Summary 2014, 2019, 2024 ($m, CAGR %)
Table 10.3 Regional ROV Market Forecasts Summary 2014, 2019, 2024 ($m, CAGR %)

List of Figures
Figure 2.1 Unmanned Underwater Vehicles Overview
Figure 2.2 Approximate ROV Market Share by Industry Sector 2013 (%)
Figure 2.3 Offshore Tasks Supported by ROVs
Figure 2.4 ROV Market Structure Overview
Figure 3.1 Global ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 3.2 ROV Demand Cycle against CAPEX (Markets Forecast in Bold)
Figure 4.1 ROV Submarkets CAPEX Forecast, 2014-2024 ($m, AGR %)
Figure 4.2 ROV Operations/Services CAPEX Forecast, 2014-2024 ($m, AGR %)
Figure 4.3 ROV Operations/Services Market Forecast by Region 2014-2024 ($m)
Figure 4.4 ROV Operations/Services Market Forecast by Region 2014-2024 ($m)
Figure 4.5 ROVs Submarkets by Region Market Share, 2014 (%)
Figure 4.8 ROVs Submarkets (New Build vs. Operations/Services) Market Share 2014, 2019, 2024 (%)
Figure 4.9 Offshore ‘Golden Triangle’ Oil and Gas Reserves (bn bbl, tcf)
Figure 4.10 Crude Oil Spot Prices, 2003-2014 ($/bbl)
Figure 4.11 Proven and Unproven Offshore Oil & Gas Reserves in the World
Figure 4.12 Global Distribution of Offshore Oil and Gas Installations (%)
Figure 4.13 North Sea Oil Production, 1999-2012 (Thousand bpd)
Figure 4.14 ROVs Submarkets (New Build vs. Operations/Services) Market Share 2014, 2019, 2024 (%)
Figure 4.15 ROV New Build CAPEX Forecast 2014-2024 ($m, AGR%)
Figure 4.16 Observation, Inspection and Light Work Class vs. Medium- to Heavy- Work Class Ratio (%)
Figure 4.17 Observation, Inspection and Light Work Class Market Share Forecast 2014-2024 ($m, AGR%)
Figure 4.18 Medium- & Heavy Work Class ROV New Build CAPEX Forecast 2014-2024 ($m, AGR%)
Figure 4.19 Observation, Inspection and Light Work Class vs. Medium- to Heavy- Work Class Ratio (%)
Figure 4.20 ROV Fleet Makeup, 2007 (Observation & Mini Inspection vs. Inspection, Observation, Search & Survey
and Light Work vs. Large and Medium Work and Support vs. Trenching and Burial)

www.visiongain.com

Chapters
Figure 4.23 ROV Fleet Share Change %, 2007-2013 (Observation & Mini Inspection vs. Inspection, Observation,
Search & Survey and Light Work vs. Large and Medium Work and Support vs. Trenching and Burial)
Figure 4.24 ROV Medium and Heavy Work Class Fleet by Owner/Operator (Number of Units)
Figure 5.1 Regional ROV Market Forecasts 2014-2024 ($m)
Figure 5.2 Leading Regional Markets Share Forecast 2014 (%)
Figure 5.5 Cumulative CAPEX by Regional Market, 2014-2024 ($m, %)
Figure 5.6 Regional ROV Market CAGRs (%), 2014-19, 2019-2024, 2014-2024 ($m, %)
Figure 5.7 Regional ROV Market Share Change, 2014-2024 (%)
Figure 5.8 Barriers to Entry vs. National Market Size 2013 vs. CAGR% 2014-2024 ($m, AGR%)
Figure 5.9 European ROV Submarket Share Forecast for CAPEX on New Build ROVs 2014, 2019, 2024 (%)
Figure 5.10 European ROV Submarket Forecasts 2014-2024 ($m, AGR%)
Figure 5.11 Locations and Age of Infrastructure on the UK Continental Shelf
Figure 5.12 North Sea Oil Production, UK & Norway, 1999-2012 (Thousand bpd)
Figure 5.13 Average European Offshore Rig Count 2000-2012 (Units)
Figure 5.14 Number of Offshore UK Wells 1964-2011 (Exploration, Appraisal, Development)
Figure 5.15 North American ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.16 North American ROV Submarket Forecasts 2014-2024 ($m, AGR%)
Figure 5.17 Overview of Subsea Installation in the Gulf of Mexico
Figure 5.18 Location of Active Offshore Oil and Gas Platforms in the Gulf of Mexico
Figure 5.19 Water Depths of Active Oil & Gas Platforms in the Gulf of Mexico (% of Total)
Figure 5.20 South American ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.21 South American ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.22 African ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.23 African ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.24 Asia Pacific ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.25 Asia Pacific ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 5.26 Total Oil Production in Malaysia 1980-2012 (Thousand bpd)
Figure 5.27 Total Oil Production and Estimated Net Exports in Indonesia 1980 – 2012 (Thousand bpd)
Figure 5.28 Rest of the World ROV Market Forecast 2014-2024 ($m, AGR%)
Figure 5.29 Rest of the World ROV Market Share Forecast 2014, 2019, 2024 (%)
Figure 6.1 Global AUV Market Forecast 2014-2024 ($m, AGR%)
Figure 6.2 AUV New Build CAPEX vs. ROV New Build CAPEX 2014, 2019, 2024 ($m, %)
Figure 9.1 Work Class ROV Fleet by Company, 2008-2013 (Number of Units, Company)

www.visiongain.com

Chapters
Figure 9.2 Percentage of the Work Class ROV Fleet Operated by Each Company, 2008-2013 (% of Work Class Fleet,
Company)
Figure 9.3 Fugro ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.4 Oceaneering ROV Fleet Share (%), 2008 & 2013
Figure 9.5 Oceaneering ROV Fleet Share (%), 2008-2013
Figure 9.6 Oceaneering ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.7 Subsea 7 S.A. Revenue Development 2007-2012 ($m)
Figure 9.8 Subsea 7 Revenue Share by Region ($m, %) FY2012
Figure 9.9 Canyon Offshore ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.10 DOF Subsea ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.11 Technip ROV Fleet Forecast, 2008-2018 (Number of Work Class ROVs)
Figure 9.12 Technip Revenue Share by Region (%) 2012
Figure 10.1 Global ROV Submarket CAGR Forecasts 2014, 2019, 2024 (CAGR %)
Figure 10.2 Global ROV Submarket CAPEX Forecast, 2014-2024 ($m)
Figure 10.3 Global ROV Submarket CAPEX Forecast, 2014-2024 ($m)

Companies Mentioned in this Report
Acergy S.A.
AF Decom Offshore
Ageotec
AGR Field Operations Holdings AS
Aker Solutions
Allseas
Anadarko
Andrews Survey
Antrim Energy Inc.
Apache Corporation
Archer
Atlas Elektronik
ATP Oil & Gas
Baker Hughes
BG Group
BHP Billiton
Blade Petroleum Ltd.
Bowtech products

www.visiongain.com

Chapters
BP
BPZ Energy
Bridge North Sea
Canadian Natural Resources (CNR)
Canyon Offshore
Centrica plc
Chevron
Chubu Electric Power
C-Innovation
CNOOC China Limited
ConocoPhillips
CTC Marine Projects
Dana Petroleum
Deep Ocean Engineering Inc.
DeepOcean Group
Det Norske Oljeselskap ASA
DOF AS
DOF Group
DOF Subsea
Dominion Diving
DONG Energy
Dubai Petroleum
Dynacon
ECA Robotics
Encana
Endeavour International
Energy Resource Technology
ENI
ENI UK Ltd
EnQuest PLC
EOG Resources Inc.
EON
ExxonMobil
Floatation Technologies
FMC Technologies
Forum Energy Technologies

www.visiongain.com

Chapters
Fugro
Fugro Subsea Services Limited
GDF Suez
Gujarat State Petroleum Corporation
Hallin Marine
Harkland
Heerema Marine Contractors
Helix Energy Solutions Group
Hess Ltd
Hibiscus Petroleum
Husky Energy
IKM Gruppen
IKM Subsea
INPEX
Inpex Browse Ltd
Integrated Subsea Services
International Submarine Engineering
iSurvey Group AS
i-Tech
Itochu
Kodeco
Kuwait Foreign Petroleum
Kystdesign AS
LLOG
Lukoil
Lundin Petroleum
Maersk Oil
Marathon Oil UK
Mariscope
McDermott
Mermaid Maritime
Mitsubishi
MMTSweden AB
MODEC
MR Subsea KS
Murphy Oil

www.visiongain.com

Chapters
Neptune Marine Services
Nexen Inc.
Noble Energy
NYK Line
Oaktree Capital Management
Ocean Modules
Oceaneering International
Oceanvision
OceanWorks
Odebrecht
Osaka Gas
PDL Solutions Ltd
Pearl Energy
Pemex
Perenco Oil and Gas
Petrobras
Premier Oil
PTTEP
Qatar Petroleum
Rialto Energy Ltd
Rosneft
ROVOP
RWE-DEA
Saab Underwater Systems AB
Saab-Seaeye
Saipem
Salamander Energy
Santos
SBM Offshore
ScanSense
Schahin Group
Schilling Robotics
Seabotix
Seamor Marine
Seaview Systems
Semisubmersible Systems Inc.

www.visiongain.com

Chapters
Serica Energy
Shell
Shell Australia
Sidus Solutions
SMD (Soil Machine Dynamics)
SNK Ocean Co. Ltd.
Sogenal Ltd.
Soil Machine Dynamics (SMD)
Sonsub
Seadrill
Statoil
Stone Energy
Sub-Dimension Engineering Ltd
Subsea 7
Subsea Vision
Superior Energy Services
SURF Subsea
Syntech Technology
Tech-Fab
Technip
Teekay
Teledyne RD Instruments
The MacArtney Underwater Technology Group
Toho Gas
Tokyo Gas
Total E&P Australia
Total S.A.
TradeWinds Petrotrade
Transocean
Trelleborg
Trico Supply
TS Marine Group Holdings Pty Ltd
Veolia Marine Services
VideoRay
Wood Group PSN
Woodside

www.visiongain.com

Chapters
Xcite Energy
YPF

Government Agencies and Other Organisations
Mentioned in This Report
American Bureau of Shipping
Brazilian National Oil, Natural Gas and Biofuels Agency
DECC – Department of Energy & Climate Change (UK)
EIA – Energy Information Administration
European Union
Massachusetts Institute of Technology (MIT)
Norwegian Ministry of Petroleum and Energy
IMO – International Maritime Organisation
OPEC – Organisation of Petroleum Exporting Countries
Royal Navy
Transparency International
United Nations (UN)
US Government’s Bureau of Safety and Environmental Enforcement (BSEE)
World Bank
World Economic Forum

www.visiongain.com

Remotely Operated Vehicles (ROVs) in the
Energy Industry 2014-2024
5.5.3 Major African Subsea Hardware Installation and Offshore Drilling
Projects
ROV deployment in drilling support and subsea hardware activity offshore Africa will be the major
component of ROV operations spending going forward. The depth, complexity and infancy of the
market ensure the need for advanced ROVs with high dayrates. Tables 5.20 list the major subsea
projects currently under development offshore Africa.

Table 5.20 Major African Subsea Hardware Installation and Offshore Drilling
Projects excluding UK & Norway (Project, Majority Partner, Country, Status)
Project

Majority Partner

Country

Status

CLOV

Total S.A.

Angola

First production 2014

PSVM

BP

Angola

Full commercial production
from all four fields by 20142015

Gazelle

Rialto Energy Ltd.

Cote d'Ivoire

First production 2016-2017

Aje

YPF

Nigeria


Akepo

Sogenal Ltd.

Nigeria


Egina

Total

Nigeria

Commercial scale production
2014-2015

Source: Visiongain 2013

5.5.4 Challenges To The Development of an East African Offshore
Industry
East Africa represents the largest opportunity for ROV service providers going forward, with vast
gas reserves discovered off the coast of Mozambique and Tanzania. However, the same problems
encountered in the development of an offshore industry in West Africa will also befall East Africa.

East African governments have little experience and regulation relating to oil gas investment,
making investments prone to abuse or mismanagement, especially if they occur rapidly and on a
large scale. To turn the investment in any LNG terminals into effective long-term economic growth,
while delivering on-time development of such projects, will be a hard task for East African
governments. The inflow and absorption of such large investments will be a real challenge for

www.visiongain.com

Page 119

5.7 Market Forecast for ROVs in the Energy Industry of the Rest of the
World 2014-2024
Table 5.28 and Figures 5.28 and 5.29 display visiongain’s forecast for CAPEX on the
operations/services of ROVs for the Rest of the World over the next 10 years. The Rest of the
World is comprised of activity in the Middle East, South Asia (Indian Ocean around India), the
Arctic and in Russia and Central Asia. Market Definition Note: The ROV market of the Rest of the
World is composed of CAPEX on ROV operations only.

Table 5.28 Rest of the World ROV Market 2014-2024 ($m, AGR %, CAGR%)
2013 2014

2015

2016

2017 2018

2019

2020

2021 2022

2023 2024 2014-2024

CAPEX ($m) 94.3 99.3 142.9 178.0 196.9 154.4 119.6 278.2 312.8 230.1 335.2 379.8
5.3

AGR (%)

43.9

CAGR (%) 2014-19
CAGR (%) 2014-24

24.6
3.8

10.6 -21.6

-22.5 132.6
2019-24

12.4 -26.4

45.6

2,427.1

13.3

26.0

14.4


Figure 5.28 Rest of the World ROV Market Forecast 2014-2024 ($m, AGR%)
160%

400

140%

350

120%
100%

250

80%
60%

200

AGR

CAPEX ($m)

300

40%

150

20%

100

0%

50

-20%
-40%

0
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Year

www.visiongain.com

Page 131

8. Expert Opinion
8.1 Saab Seaeye
James Douglas has worked in or around the marine industry his entire life. Prior to joining Saab
Seaeye in January 2007 as a Sales Manager he worked for Raymarine. He has over 15 years
experience with Marine Electronics and marketing such electronics to markets all over the world.
His primary responsibility at Seaeye is for ROV system sales at home and internationally, as well
as the management of the sales department.

Visiongain interviewed Mr. Douglas in November of 2013 and would like to thank him for the
insightful and interesting comments.

Saab Seaeye Limited is a wholly owned subsidiary of Saab Underwater Systems AB. The
company was formed in 1986 by Ian and Janet Blamire to specialise in the manufacture of
electrically powered ROVs for the offshore oil and gas industry. It operates in the middle part of
the ROV market, manufacturing the full suite of ROVs excluding handheld observation and very
large hydraulic vehicles. It is based in Fareham, Hampshire, and also manufactures the ROVs from
this site. It has sold over 750 ROVs to a range of companies and industries since its inception in
1986.

8.1.1 Saab Seaeye in the ROV Market
Visiongain: Describe the work of Saab Seaeye and your role within the ROV market?

James Douglas: We supply electric ROVs to the middle segment of the ROV market, from the
observation up to the work class vehicles. We don’t make the larger hydraulic vehicles and we do
not supply the very small ROVs (the hand carried ones).

We aim to provide the best possible service that we can to our customers. We run a 24/7
telephone helpline manned by very experienced staff. We have people that can at very short
notice fly around the world to support our systems. We also run training programmes for the
systems and keep a large amount of spares in stock in order to support clients worldwide. Some
spares are kept in various strategic places around the world to help support the local customers.
In short, we like to think we are a very customer focussed and customer orientated company.

www.visiongain.com

Page 141

9.1 New Build ROV Manufacturers
These companies only manufacture ROVs, perform maintenance on ROVs and/or supply
manipulators/tooling for ROVs.

9.1.1 Forum Energy Technologies
Forum Energy Technologies (FET) was established in 2010 in a merger between Forum Oilfield
Technologies, Triton Group (Perry-Slingsby and Sub-Atlantic brands), Subsea Services
International, Global Flow Technologies and Allied Technology. The company has offices in
Houston, Singapore and since 2012 in Beijing, Brazil, and Australia.

Table 9.2 Forum Energy Technologies (FET) Overview (Total Revenue (2012),
Submarket, HQ, Website)
1,414

Total company revenue $m
Submarket

ROV New Builds

Headquarters

Houston, TX, USA
NYSE: FET

Ticker

http://www.f-e-t.com

Website

Table 9.3 Forum Energy Technologies Product Overview
Model

Type

Depth Rating

Payload

(metre)

Power (hp)

Manipulators

(kg)

Mojave

Inspection

max.300

12

6

0

Mohawk

Inspection

max.1000

35

9

optional

Mohican

Inspection

max.3000

35

17

optional

Super

Inspection & Light

max.3000

85

17

2

Mohawk

Work Class

Tomahawk

Survey & Light

max.3000

175

47

2

Work Class

www.visiongain.com

Page 150

Remotely Operated Vehicles (ROV) in the Energy Industry 2014 2024

Recomendados

Recomendados

Más contenido relacionado

Último

Último (20)

Destacado

Destacado (20)

Remotely Operated Vehicles (ROV) in the Energy Industry 2014 2024