World ROV Operations Market Forecast 2013-2017

DUBLIN , Mar. 14, 2014 /PRNewswire/ -- (http://www.researchandmarkets.com/research/rcxjgg/world_rov) has announced the addition of the "World ROV Operations Market Forecast 2013-2017" report to their offering.

The market for the operation of work-class ROVs is forecast through to 2017 in this sixth edition of the 'World ROV Operations Market Forecast'. Results forecast total ROV operations expenditure of $9.7 billion , an increase of nearly 80% over the previous five-year period.

Drilling support accounts for three-quarters of expenditure between 2013 and 2017, and is expected to increase over the period by 13%. Almost 527,000 days of ROV drilling support are forecast in the next five years, of which the majority is made up of work on exploration & appraisal (E&A) wells. Expenditure on construction support accounts for a fifth of ROV operations, with repair & maintenance accounting for the remaining.

Africa is forecast to experience strong demand from subsea development wells, driven by the discovery of new deepwater provinces offshore East Africa , and will remain the largest region, followed by Latin America and Asia . The Middle East has the lowest ROV spend, and along with Norway will see decline in spend. Latin America is set to show the strongest growth of all regions.

The 'World ROV Operations Market Forecast 2013-2017' analyses the main factors driving demand for ROV operations and key themes include:

Why purchase the 'World ROV Operations Market Forecast'?

1. Summary & Conclusions

2. Introduction to ROVs

3. Competitive Landscape

4. Market Drivers

5. The ROV Operations Market

6. Appendix


For more information visit http://www.researchandmarkets.com/research/rcxjgg/world_rov

Laura Wood , +353-1-481-1716, press@researchandmarkets.net