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Outlook for Import Substitution of Oilfield Services Equipment
in
Russia: No Easy Way Out
2015-Feb-04 + + + The Russian oilfield services
equipment market currently stands on the threshold of radical changes. The
country could experience a shortage of mission-critical technology for its
oil and gas industry due to the imposition of sanctions by Western
countries on supplies to Russia of equipment and solutions for Arctic,
deepwater and shale projects. This, in turn, could lead to a reduction of
the scope of hydrocarbon production in the medium term. The dependence of
Russian oil companies on Western equipment, according to various
estimates, has reached 60-80 percent for most categories, and it will be
no easy matter to replace it with Russian analogs anytime in the near
future.
The prevailing situation is forcing Russian E&P
and OFS companies to seek out alternative suppliers of equipment both
inside the country and in Asian countries, i.e. those that do not
participate in the sanctions against Russia. The Russian companies that
are capable of rapidly replacing banned equipment with similar facilities
of their own production will gain an opportunity to strengthen their
market positions and conquer new niches. In segments where domestic
manufacturers do not possess advanced technology, the market could be
redistributed among Asian companies (mainly Chinese), for which the
current situation in Russia opens up a whole range of new opportunities.
»
Which types of Western equipment are currently
the most critical for the Russian oil and gas industry?
»
Which Russian
manufacturers have the ability to scale up their footprint in these
niches, and which Asian companies will they have to compete with?
»
What
challenges and opportunities are related to the import substitution of
Western equipment in the short and medium terms?
These and other issues
are addressed in RPI’s new study dedicated to the outlook for import
substitution of oilfield services equipment in Russia in light of the
current geopolitical and macroeconomic conditions.
This research report analyzes the current
environment of the Russian oil and gas industry, examines scenarios
pertaining to the development of O&G production in the country in view of
external factors and provides an assessment of the demand for oilfield
services equipment required to implement upstream projects in the pipeline
until 2020. Separate attention in the study is devoted to an overview of
foreign equipment, the import of which is most sensitive for the Russian
oil and gas industry, as well as issues related to the maintenance and
repair of previously purchased equipment. The final section of the report
offers an analysis of options for substitution of the most hard-to-replace
types of OFS equipment in the short and medium terms.
The main sections of the report cover the
following:
1.
The current situation and projections for development of oil and gas
production in Russia until 2020
2. Factors impacting the expansion of Russia’s
O&G and oilfield service industries
3. Overview of Western-made equipment, the
import of which is most sensitive for Russian oil and gas production
4. Analysis of
options for import substitution of Western equipment and spare parts by
way of domestic production and supplies from Asian countries
The study provides in-depth analysis of such
equipment segments as: drilling rigs, top drives for drilling rigs, floor
wrenches, hydraulic fracturing equipment, and MWD/LWD equipment. Each type
of equipment includes a market assessment, current supply and demand and
quantitative projections for the near future.
This report could be a
valuable tool for E&P and OFS companies in the strategic decision-making
process when attempting to evaluate the range of current and potential
suppliers of equipment required as part of import substitution measures.
The insights offered in the report could assist
manufacturers of equipment in gaining a better understanding of the
outlook for market expansion, assessing their own market positions in
terms of comparative analysis and adjusting their strategic plans in view
of the competitive environment.
The study might also be helpful to banks and
investors in identifying prospective projects that provide for upgrading
the production of equipment by Russian companies or manufacturing brand
new products, as well as assessing any possible risks that may arise
during the financing of these projects.
ReportEN6 - Outlook for Import
Substitution of Oilfield Services Equipment in Russia: No Easy Way Out
- Release date: December
2014
- Language:
Russian or English
- Format: book and cd (print-out protected)
- Price: 2250
Euro
- Price in
rubles: 112 500 RUB (1 EUR = 50 RUB)
RPI Research -
www.rpi-research.com -
research@rpi-research.com
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For more information, media
kits or
sample copies please contact
Andreas
Sicking
+49 (0)2903-338570
wilhelms@pennwell.com
www.sicking.de
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