Deepwater And Ultra-Deepwater Exploration And Production Market 2020-2026 | BP PLC, Chevron Corporation, China National Offshore Oil Corporation, Exxon Mobil Corporation
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Deepwater And Ultra-Deepwater Exploration And Production Market: BP PLC, Chevron Corporation, China National Offshore Oil Corporation, Exxon Mobil Corporation, and Royal Dutch Shell PLC.
Factors such as rising deepwater oil and gas activity especially in Gulf of Mexico and North Sea, improved viability of deepwater and ultra-deepwater projects, and tightening supply-demand gap are expected to drive the market during the forecast period. However, development of deepwater projects present a series of challenges, even for the most experienced players. While the industry has gone through a long learning curve and technology advancements, which have helped drive down the costs of deepwater production. Players still face a myriad of challenges resulting in lengthy development times of up to twelve years for deepwater projects. Therefore, the associated offshore project risks are expected to hinder the growth of the market studied.
- The deepwater oil and gas projects are expected to witness a significant growth rate over the forecast period owing to the upcoming deepwater exploration and production projects in the countries such as Brazil, Guyana, Nigeria, and others.
- Factors, such as technological improvements and increasing viability of deepwater and ultra-deepwater projects, several new markets, such as Gabon, Senegal, Guyana, Trinidad & Tobago, Egypt, and the Mexican side of the Gulf of Mexico are actively promoting the development of deepwater and ultra-deepwater reserves. This, in turn, is expected to create significant opportunities for the operating countries in the near future.
- Middle-East and Africa dominated the market across the globe, with majority of demand coming from Nigeria, Angola, and Egypt.
Scope of the Report
The market study of Deepwater And Ultra-Deepwater Exploration And Production is available as canned/preserved, chilled, dehydrated, frozen, instant, and UHT. By packaging, the market is segmented into canned, pouched and others. By distribution channel, the market is segmented as supermarket/hypermarket, convenience stores, online and others. The other distribution channel segment comprises of grocery stores, independent stores, direct selling, mixed retailers, vending and non-grocery specialists.
Browse in-depth and report summary TOC on Deepwater And Ultra-Deepwater Exploration And Production Market:
Deepwater Exploration and Production to Witness a Significant Growth
- The constant and ever increasing demand for fossil fuels and in particular oil and gas has pushed exploration and production industry to drill in deep waters with depths ranging from 1000 to 5000 feet.
- Owing to the oil price volatility starting mid-2014, the oil and gas operators across the world undertook several cost cutting and efficiency gains measures, which resulted in the cost-reduction of deepwater projects by approximately 30-40% from 2014-2017. Furthermore, with the improvement in oil prices, several deepwater projects have become viable to operate and has resulted in an increased investments for deepwater exploration and production activities. Also, the breakeven for the deepwater exploration and production has fallen since 2014 and is expected to follow the same trend during forecast period.
- From 2014 to 2018, global deepwater expenditure has increased and regions, such as Brazil, the United States Gulf of Mexico (GoM), Norway, Angola, and Nigeria constitute for a large amount of this capital expenditure, respectively, with West Africa anticipated to have the greatest regional growth.
- Moreover, the recent waves of cost reductions and critical technological breakthroughs have enabled many oil and gas exploration and production companies to expand their portfolio of sustainable deepwater developments.
Important Features That Are Under Offering And Key Highlights Of The Reports:
Extensive analysis of the global Deepwater And Ultra-Deepwater Exploration And Production market for industry trends and shares from 2015 to 2026 to identify growth opportunities and analyze market developments
List of key factors useful for building a roadmap of upcoming opportunities for the Deepwater And Ultra-Deepwater Exploration And Production market for industry at global, regional, and country levels
Insights into growth opportunities for various stakeholders in the value chain and detailed competition landscape of key players operating in the market to help understand the market competition levels
Porter’s Five Forces analysis that highlights the potency of buyers and suppliers and enables stakeholders to make profit-oriented business decisions.
Report helps to identify upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a specific emerging trend.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Deepwater And Ultra-Deepwater Exploration And Production Market dynamics, structure by identifying and analyzing the market segments and projects the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the Global Deepwater And Ultra-Deepwater Exploration And Production Market.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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