World Offshore Oil & Gas Helicopter Market Forecast 2014-2018
$24 billion forecast to be spent on offshore helicopter services from 2014
to 2018
Douglas-Westwood (DW) forecasts $24 billion in expenditure on offshore
helicopter services between 2014 and 2018, a 57% increase in comparison to
the preceding five-year period. Western Europe will continue to account
for the largest share of global expenditure, driven by both the extensive
North Sea infrastructure and the preference towards using large
helicopters.
Although Western Europe will continue to underpin the
market over the forecast period, we expect faster growth rates in Africa,
Asia, Australasia and Latin America. A preference for local providers in
some of these markets means that there are many regional specialists. As a
consequence, the major helicopter operators have lower levels of
participation in these regions, with the notable exceptions of Brazil and
Australia.
A major driver for growth in the offshore helicopter
services market is the field development lifecycle. In the drilling phase,
helicopter requirements are short-term requiring flexibility from the
helicopter operator. In the production phase, long-term crew transfer
support is required. As production continues to ramp up, particularly in
deepwater regions, the drivers for a larger fleet of modern helicopters
strengthen.
On a global basis the medium-type helicopter class
accounts for close to 60% of total offshore helicopter service
expenditure. Western Europe and Australasia are exceptions, as buyers in
these markets favour larger helicopters with increased range and carrying
capacity.
Bristow and CHC remain the dominant players in the global
market with activities in all key operating regions. These companies are
focused on securing high value, long-term production support contracts. As
a consequence the mature North Sea region continues to be their core
market.
The next five years will be an important time for the
industry as a new generation of medium-class helicopters such as the EC175
and AW189 are introduced. These models are highly efficient with the most
advanced safety systems and are expected to perform well in the offshore
arena. However, due to the natural conservatism in the industry, it may
take time before a critical mass of orders is achieved.
This is DW’s 1st edition of the World Offshore
Oil & Gas Helicopters Market Forecast and covers all key commercial themes
relevant to players across the value chain:
Key drivers – identification and
discussion of key underlying drivers and their influence on the offshore
helicopter services market ... Supply chain
analysis – of contracting processes, helicopter fleet developments,
new helicopter models and helicopter procurement trends ...
Competitive landscape – covering both
helicopter operators and helicopter OEMs ...
Regional analysis – summary of growth prospects, key buyers,
competitive intensity and typical contracting approach ...
Market forecasts – analysis of
expenditure, supply and demand development by region (Africa, Asia,
Australasia, Latin America, Middle East, North America and Western Europe)
from 2014 to 2018
Downloads of Contents Lists:
www.douglas-westwood.com/files/category.php
Source: Douglas-Westwood -
www.douglas-westwood.com
Posted April 25
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