Visiongain Determines That Spending in the Mobile Offshore Drilling Unit (MODU) Market in 2012 Will Amount to $48.1bn

LONDON, March 26, 2012 /PRNewswire/ --

http://www.visiongain.com/Report/788/The-Mobile-Offshore-Drilling-Units-%28MODU%29-Market-2012-2022

Oil and gas production from offshore resources is of considerable importance for energy companies as existing base resources are being depleted at a rapid rate. New oil discoveries of significance are becoming less common, with the majority of major finds being offshore. A large amount of undeveloped offshore oil and gas fields as well as new offshore discoveries will help drive the MODU market, especially in deepwater. With strong oil prices persisting, major energy companies are increasingly reinvesting their earnings in exploration and development of offshore oil and gas basins. Visiongain calculates capital expenditure in the MODU market will total $48.1bn in 2012.

According to the International Energy Agency, global oil demand will rise from 88 million barrels today to around 99 million barrels in 25 years time. Over this period the cost of extracting oil will be higher and production from offshore resources will not be as expensive as it was relative to development of onshore hydrocarbons.    

Although new technological improvements mean fewer people will be needed on offshore oil and gas drilling rigs, the construction industry behind MODUs and assembly of related technologies is providing employment for thousands of people. For example, the Brazilian marine construction industry has emerged on a vast scale to enable its offshore industry to provide MODUs and technologies for Petrobras to meet its vast oil production targets from its offshore resources.

Most super-major oil and gas companies as well as independent oil and gas companies have each secured a share in the hydrocarbon-rich offshore regions across the globe and demand for MODUs is strong. Meanwhile, health and safety standards and technology have both improved across the industry, leading to a backlog of orders for new-build MODU.  

The MobileOffshore Drilling Units (MODU) Market 2012-2022 report includes 144 tables, charts and graphs that analyse quantify and forecast the MODU market in detail from 2012-2022 at the global level, four submarkets and for 7 regional markets. The analysis and forecasting ahs been reinforced by extensive consultation with industry experts. Two full transcripts of exclusive interviews are included from Friede & Goldman and Maxeler Technologies. The report also profiles 55 leading companies involved in the MODU market.

You will gain valuable insight into the future developments of the mobile offshore drilling unit market by ordering The MobileOffshore Drilling Units (MODU) Market 2012-2022 report.

For sample pages and further information concerning the Visiongain report The MobileOffshore Drilling Units (MODU) Market 2012-2022 please visit: http://www.visiongain.com/Report/788/The-Mobile-Offshore-Drilling-Units-%28MODU%29-Market-2012-2022

Companies Listed

A.P. Moller Maersk Group
Aban Offshore
Aban Singapore Pte. Ltd
Abu Dhabi's National Drilling Company
Acteon Group
Addax Petroleum
Afren Plc.
African Petroleum Corporation
Agora Oil and Gas UK Ltd.
AGR Drilling Services
Aker Drilling
Aker Solutions
Anadarko Petroleum
Apache Corporation
Apache Northwest
Asia Offshore Drilling Ltd.
Atlas Petroleum International
ATP East Med B.V.
ATP Oil & Gas Corporation
Atwood Oceanics
Atwood Oceanics Pacific Limited (AOPL)
Australian Worldwide Exploration
Avner Oil & Gas Exploration
AWE Petroleum
Azerbaijan International Operating Company (AIOC)
Baker Hughes
Barclays Capital
Baruna Oil & Gas
BG Group
BG International
BG Tunisia
BHP Billiton Petroleum (International Exploration) Pty Ltd.
Blake International
Blue Crest Energy II LP.
Borders & Southern Petroleum
BP
British American Offshore Limited
Brunei Shell Petroleum Sdn. Bhd. (BSP)
Buccaneer Energy Limited
Burullus Gas Company
Cabinda Gulf Oil Company
Canadian Superior
CGX Resources Inc.
Chariot Oil & Gas Limited
Chevron
Chevron Canada Ltd.
China National Offshore Oil Company (CNOOC)
China National Petroleum Corporation (CNPC)
China Oilfield Services Ltd. (COSL)
China Petroleum and Chemical Corporation (Sinopec)
China Sonangol International Holding Ltd.
Chinook Energy Inc.
Clearwater Capital Partners
Cobalt International Energy Inc.
Coe Drilling Australia
Compañía Perforadora Mexico S.A.P.I. DE C.V.
ConocoPhillips
Corridor Resources Inc.
COSCO Shipping Company Limited (COSCOL)
Cosco Shipyard
COSL Drilling Europe AS
Cove Energy Plc.
Critical Software Technologies
Crosco Integrated Drilling & Well Services
Cuba Petróleo
Cue Energy Resources
Daewoo Shipbuilding & Marine Engineering (DSME)
Dailan Shipbuilding
Damen Shipyards Group
DCD Marine
Deep Offshore Borneo B.V.
Delba Group
Delba Perforadora Internacional S.A.
Delek Drilling
Desire Petroleum Plc.
Det Norske
Devon Energy
Diamond Offshore Drilling
Dolphin AS
Dolphin Drilling Ltd.
Dragon Oil plc.
Drilling Technological Innovations
Drill-Quip
Drill-Quip Asia Pacific
Dynamic Offshore Resources
Egyptian Drilling Company (EDC)
Egyptian General Petroleum Corporation (EGPC)
Egyptian Natural Gas Holding
Eni
Eni Norge AS
Enigma Oil & Gas
Ensco International Inc.
Ensco Plc.
Equion Energia Limited
Estaleiro Atlantico Sul
Estaleiro Jurong Aracruz
Etesco
Etesco Construcoes E Comercio Ltd
Eurasia Drilling Company Ltd.
ExxonMobil
ExxonMobil Canada Ltd.
ExxonMobil Exploration & Production Malaysia Inc.
ExxonMobil Exploration & Production Philippines
Falkland Oil & Gas
Faroe Petroleum
Fernvale Pte. Ltd.
Fluor Corporation
Fred. Olsen Energy ASA
Friede & Goldman (F&G Offshore)
Frigstad Engineering
Frigstad Offshore
Frontier Drilling
Gazprom
Gazprom Neft
Ghana National Petroleum Corporation (GNPC)
Global Petro Tech
Grup Servicii Petroliere SA (GSP)
Grupo Mexico
Guarapari Drilling
Gujarat State Petroleum Corporation (GSPC)
Gulf Drilling International Ltd.
Gulf Marine Services
GustoMSC
GVA
Halliburton
Hercules Offshore
Hess Corporation
Holland Shipyards
Husky Oil China
Hyuk Shin Machinery Co, Ltd.
Hyundai Heavy Industries (HHI)
Imperial Oil Resources Venture Limited
Inpex
Island Offshore
Japan Drilling Company (JDC)
Jasper Investments
Jindal Drilling & Industries (JDIL)
Joy Global Inc.
JPMorgan
Jurong Shipyard
KazMunayGaz
KBR Inc.
KCA Deutag
Keppel FELS Ltd.
Keppel Offshore & Marine
Keppel Verolme
Khazar Oil Company
Korea National Oil Corporation (KNOC)
Kosmos Energy
Kosmos Energy Ghana HC
Kuwait Foreign Petroleum Exploration Company
Lamprell Engineering Group
Lamprell Plc.
Land Oil & Gas
Large Diameter Drilling Ltd. (LDD)
Larsen & Toubro
LeTourneau Technologies
Loews Corporation
Lukoil
Lukoil Overseas Cote d'Ivoire
Lundin Petroleum
M/S Drilling & Offshore
Maersk Drilling
Maersk Oil
Malaysia Marine and Heavy Engineering
Marathon Energy
Marathon Oil Norge
Marine Drilling Companies, Inc.
Maritime Industrial Services
Maxeler Technologies
MENCK GmbH
Mermaid Maritime
MI Swaco
Milan Stock Exchange
Mitra Energy Ltd.
Mitsui
Moody's
Murphy Exploration and Production Company
Nabors Industries Ltd.
National Drilling Company (NDC)
National Iranian Offshore Oil Company
National Iranian Oil Company
Neon Energy Ltd.
New Zealand Oil & Gas
Nexen Inc.
Niko Resources
Nippon Oil Exploration
NMA Maritime and Contractors
Noble Corporation
Noble Drilling
Noble Energy
Noble Energy International
North Caspian Operating Company
Northern Gulf Petroleum Pte Ltd.
Northern Offshore Ltd.
Oando Energy Services Limited
Oando PLC
Ocean Rig UDW
Oceaneering International
Odebrecht Perfurações Ltda.
Odfjell Drilling
Oil & Gas UK
Oil and Natural Gas Corporation (ONGC)
OMV Australia
Ophir Energy
Oriental Petroleum
Origin Energy Australia
Osborne Resources Limited
PA Resources
Pacific Drilling
Pan Ocean Oil Corporation
Parker Drilling
Pars Oil & Gas Company (POGC)
Pear Oil Offshore Ltd.
Pearl Energy
Perenco SA
Perforadora Mexico
Petoro
Petroci
Petrojack
Petróleo Brasileiro S.A. (Petrobras)
Petróleos de Venezuela SA (PDVSA)
Petróleos Mexicanos (Pemex)
Petroleum Brunei
PETRONAS
Petroserv
Petrovietnam
Philippine National Oil Company (PNOC)
Philodrill Corporation
PPL Shipyard
Precision Drilling
Prosafe SE
Prospector Offshore Drilling S.A.
PTT Exploration and Production Plc. (PTTEP)
Qatar Petroleum
Queiroz Galvao Oleo e Gas (QGOG)
Ratio Oil Exploration
Rauma Repola Shipyard
Reliance Industries
Repsol
Repsol Exploracion S.A.
Repsol Sinopec Brazil
Repsol YPF
Rialto Energy Ltd
RoC Oil Company Limited
Rockhopper
Rosneft
Rowan Companies Inc.
Royal Dutch Shell Plc.
RWE Dea Norge
Sabre Oil & Gas Holdings
Safin Gulf
Saipem
Samsung Heavy Industries (SHI)
Sandnessjøen Engineering
Santos Offshore
Saudi Aramco
SBM Offshore
Schahin
Schahin Engenharia S.A.
Schlumberger
Schoeller-Bleckmann Oilfield Equipment AG
Sea Dragon Energy Inc.
Seadrill
Seahawk
SeaWolf Oil Services Ltd.
Sembcorp Marine
Sete Brasil Participações S.A.
Sevan Drilling
Sevan Marine ASA
Sevmash
Shanghai Shipyard Co., Ltd.
Shanghai Waigaoqiao Shipyard China
Shell Canada Energy
Shell Petroleum Development Company (SPDC)
Shell Philippines Exploration B.V.
Shell South Africa Upstream B.V.
Shemen Oil and Gas Resources Ltd.
Shiv-Vani India
Signet Maritime Corporation
Sillo Maritime Perdana
Simba Energy Inc.
Sinopec Star Petroleum Co., Ltd.
Smith Bits
Sociedade Nacional de Combustíveis de Angola Empresa Pública (Sonangol)
Sonangol Exploration & Production
Songa Offshore
Spartan Offshore
Spring Energy
Standard & Poor's
Standard Drilling
Star Deep Water Petroleum Limited
State Oil Company of Azerbaijan (SOCAR)
Statoil
Stena A.B.
Stena Drilling
Sterling Resources Ltd.
STX Offshore & Shipping
STX OSV
Subsea 7
Svenska Petroleum Exploration
Talisman Energy Inc.
TapOil
Technip SA
Tesco Corporation
TNK-BP
Total E&P
Total SA
Transocean
TSC Offshore
TTS Energy AS
TTS Group ASA
Tullow Ghana Ltd.
Tullow Oil plc.
Urca Drilling B.V.
Valiant Exploration Ltd.
Vanco Cote d'Ivoire
Vantage Drilling
Vantage Energy
Vietgazprom
VNG Norge
Weatherford International
White Rose Energy
Wintershall Holding GmbH
Wintershall Noordzee B.V.
Wintershall Norway ASA
Wintershall UK North Sea Ltd.
Xcite Energy Resources ltd.
Yantai CIMC Raffles Shipyard Co. Ltd.
Yantai Raffles Offshore
YPF Guyana Limited

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