Deepwater & ultra deepwater exploration & production market to be worth $83.2bn in 2013

Wednesday, Jan 09, 2013

LONDON, January 8, 2013 /PRNewswire/ --Visiongain's analysis indicates that the global deepwater & ultra deepwater exploration & production market will reach a value of $83.2bn in 2013. The sector will experience strong growth over the forecast period as development of large offshore oil finds drive expenditure for ongoing projects and create an incentive for further exploration. Visiongain's analysis provides a comprehensive overview of the deepwater & ultra deepwater exploration & production market taking into the various factors influencing the development of the market.

The lead analyst of the deepwater & ultra deepwater exploration & production market report commented that; 'The deepwater & ultra deepwater exploration & production market is a rapidly growing segment of the global oil & gas market where technological advances of recent years have allowed companies to operate in ever greater water depths.

The discovery of pre-salt oil reserves in Brazil have resulted in increased exploration activity in traditional offshore regions and frontier areas alike. Despite the negative publicity following the Macondo blowout, the industry is expanding at a strong pace and has the technological knowledge to operate securely and efficiently in the most challenging environments. Based on current and potential of deepwater & ultra deepwater projects, investment in the global deepwater & ultra deepwater exploration & production market will grow strongly over the next decade'.

The Deepwater & Ultra Deepwater Exploration & Production Market 2013-2023, analyses this rapidly developing energy sector and provides insights into the drivers and restraints that will shape the market over the next decade. The report contains 164 charts and graphs that add visual analysis in order to explain developing trends within the global and the regional markets. In addition, the report provides profiles of 17 major companies operating within the market, and includes 2 interviews providing expert insight alongside Visiongain analysis.

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Source: Visiongain

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