The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment
Spending on marine seismic equipment and acquisition will enjoy positive growth over the next five years. The same will be true in the longer term. The cautiousness of the industry, new technological development, efficiencies and a movement toward production-stage seismic will enable capital expenditure to enjoy less volatility as a leading-edge E&P spending indicator. Multi-client surveys and emerging deepwater prospects, including offshore gas discoveries, provide variables that ensure the future of capital expenditure in both global market spaces - equipment and acquisition - remains multi-faceted. As a consequence, visiongain has assessed that the value of the global seismic equipment market in 2013 will reach $1,040.5m, whilst the acquisition market will see spending of $6,323.6m.
Why you should buy The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment
What is the future of capital expenditure on marine seismic equipment and acquisition? How will they differ from one another? What influence will the oil price have on E&P capital expenditure and these offshore market segments going forward? Visiongain's comprehensive analysis contains both quantitative and qualitative content delivering solid conclusions about future spending and market trends that will benefit your analysis and illustrate new opportunities and potential revenue streams that will help you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy.
Avoid falling behind your competitors, missing critical business opportunities or losing industry influence. In our new report you will discover informative forecasts from 2013-2023. The report also assesses technologies, competitive forces and expected vessel deliveries. Read on to discover the prospects for the marine seismic equipment and acquisition sectors and to find out what the future market prospects are.
We guarantee that you will receive the following key data which will inform and benefit your future strategy
Visiongain consulted widely with leading industry experts and full transcripts from exclusive interviews with Dolphin Geophysical and TGS are included in the report. Visiongain's research methodology involves a proprietary blend of primary and secondary sources providing a solid grounding for informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments. The report, therefore, presents an ideal balance of qualitative analysis combined with extensive quantitative data including global and submarket forecasts from 2013-2023.
How The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment report can benefit you
Visiongain's report is for anyone requiring analysis of the marine seismic equipment and acquisition markets. You will discover market forecasts, technological trends, predictions and expert opinion providing you with independent analysis derived from our extensive primary and secondary research. Only by purchasing this report will you receive this critical business intelligence revealing where capital expenditure growth is likely and where a nuanced engagement with this multi-faceted market can reap reward. Don't miss this key opportunity to gain a competitive advantage.
If you buy our report today your knowledge will stay one step ahead of your competitors. Discover how our report could benefit your research, analysis and strategic decisions, saving you time. To gain an understanding of how to tap into the potential of this market and stay one step ahead of the competition you must order our report The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment. Avoid missing out - order our report now.
Why you should buy The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment
What is the future of capital expenditure on marine seismic equipment and acquisition? How will they differ from one another? What influence will the oil price have on E&P capital expenditure and these offshore market segments going forward? Visiongain's comprehensive analysis contains both quantitative and qualitative content delivering solid conclusions about future spending and market trends that will benefit your analysis and illustrate new opportunities and potential revenue streams that will help you to remain competitive. This definitive report will benefit your decision making and help to direct your future business strategy.
Avoid falling behind your competitors, missing critical business opportunities or losing industry influence. In our new report you will discover informative forecasts from 2013-2023. The report also assesses technologies, competitive forces and expected vessel deliveries. Read on to discover the prospects for the marine seismic equipment and acquisition sectors and to find out what the future market prospects are.
We guarantee that you will receive the following key data which will inform and benefit your future strategy
- View global marine seismic equipment and acquisition market forecasts and analysis from 2013-2023 to keep your knowledge ahead of your competition and ensure you exploit key business opportunities
- The report provides detailed separate capital expenditure projections for marine seismic equipment and marine seismic acquisition, both with in-depth treatment of the commercial drivers and restraints allowing you to more effectively compete in the market. In addition to market forecasts from 2013-2023, our new study shows current market data and market shares, year-on-year, for the next decade.
- You will also discover original critical analysis, revealing insight into commercial developments that will shape the future of this market going forward.
- Why struggle and waste time finding key market data? Why miss crucial information? Our comprehensive report provides instant market insight
- Our 150 page report provides 77 tables, charts, and graphs. Let our analysts guide you with a thorough assessment of the current and future marine seismic equipment and acquisition markets prospects.
- Our in-depth analysis will communicate to you clearly, with highly insightful information about these market spaces.
- You will also gain from our analyst's industry expertise allowing you to demonstrate your authority on the marine seismic sector.
- Understand what thought leaders are thinking. Industry leaders hold critical knowledge. Be part of this knowledge base
- By reading the exclusive expert interviews contained in the report you will keep up to speed with industry developments. Don't miss this knowledge. Don't fall behind.
- Read the full transcripts of two exclusive expert opinion interviews from leading companies within the sector, deepening your understanding of this market and allowing you to assess prospects for investment. The two companies interviewed are:
- Dolphin Geophysical
- TGS
- Learn about the CAPEX prospects for a range of seismic equipment and acquisition types between 2013-2023
- What are the secrets of the marine seismic industry's success? How will each equipment submarket expand? Which submarkets will generate the most revenue? Use our forecasts and expert insight to grow your business and allow you more industry influence. Find out where you can gain and how your organisation can succeed. Avoid falling behind.
- How much will be spent on marine seismic equipment? How much marine seismic acquisition will there be? How much will this acquisition be worth and where? These are some of the questions that our report answers.
- Discover the direction and reasons for spending on marine seismic between 2013 and 2023. These forecasts will also reveal the competitive landscape. You will see what is happening, explaining the challenges, trends, competitors, and market opportunities.
- You will see where and how opportunities exist with revealing individual market forecasts and analysis from 2013 to 2023 for two global markets and five equipment submarkets:
- Global marine seismic equipment market, with individualised forecasts and analysis for the following submarkets:
- 3D seismic vessels and equipment forecast 2013-2023.
- Seismic streamers and associated command and control systems forecast 2013-2023.
- 4C seismic equipment forecast 2013-2023.
- Seismic Sources and Associated Coordination Systems forecast 2013-2023.
- 2D seismic vessels and equipment forecast 2013-2023
- Global marine seismic acquisition market 2013-2023.
- You will also be able to examine detailed tables of orders for 3D marine seismic vessels and future order outlook given recent M&A activity.
- Explore the factors affecting product developers and everyone within the value chain. Learn about the forces influencing market dynamics
- Explore the political, economic, social, and technological (PEST) issues affecting the industry today and moving forward. Discover what the present and future outlook for businesses within marine seismic will be. Learn about the following business critical issues:
- The strength of the oil price determinant
- Emergence of new acquisition types
- Evolution of technology
- Efficiency gains within the industry
- The current order book for marine seismic vessels
- The outlook for future deliveries
- Supply and demand dynamics on vessel utilisation
- Competition from new product and acquisition types
- The business model of leading players and the culture of the industry
- E&P CAPEX market determinant
- Regional marine seismic acquisition trends
- Discover who the leading companies are in the marine seismic industry with revealing market share data
- Our report reveals the technologies and companies central to the operation and future of the marine seismic industry. This report explores and analyses the activities of these companies. See where the expected gains will be. Prospects for advances in the marine seismic industry are more consistent and predictable than in the past, and from 2013 the sector holds unique opportunities for revenue growth and exposure to the upstream oil and gas sector. View Visiongain's assessment of the prospects for established competitors and rising companies.
- Our work explains the market potential, helping you stay ahead.
- Gain a thorough understanding of the competitive landscape with profiles of 6 leading marine seismic operators examining their capabilities, focus, strategies, M&A activity, and future outlook. The six companies are as follows:
- CGG
- WesternGeco (Schlumberger)
- PGS
- Seabird Exploration
- Polarcus
- Dolphin Geophysical
- The report also individual profiles multi-client survey companies
- TGS
- Spectrum
- Market share data is provided for:
- Leading 6 Marine Seismic Vessel Operators: Publicly Listed Non-state Owned Companies (Vessel Share %)
- Leading 11 Marine Seismic Vessel Operators: (Vessel Share %)
- 30 other active companies within the sector are also identified.
- Discover Information found nowhere else in this independent assessment of both the marine seismic equipment and acquisition markets
- The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment report provides impartial marine seismic sector analysis. With the independent business intelligence found only in our work, you will discover where the prospects are for profit. In particular, our new research provides you with key strategic advantages. Our informed forecasts, independent and objective analysis, exclusive interviews and detailed company profiles of leading seismic vessel operators will provide you with that necessary edge, allowing you to gain advantage over your competitors.
- With this report you are less likely to fall behind in knowledge or miss crucial business opportunities. You will save time and receive recognition for your market insight. See how this report could benefit and enhance your research, analysis, company presentations and ultimately your individual business decisions and your company's prospects.
Visiongain consulted widely with leading industry experts and full transcripts from exclusive interviews with Dolphin Geophysical and TGS are included in the report. Visiongain's research methodology involves a proprietary blend of primary and secondary sources providing a solid grounding for informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments. The report, therefore, presents an ideal balance of qualitative analysis combined with extensive quantitative data including global and submarket forecasts from 2013-2023.
How The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment report can benefit you
Visiongain's report is for anyone requiring analysis of the marine seismic equipment and acquisition markets. You will discover market forecasts, technological trends, predictions and expert opinion providing you with independent analysis derived from our extensive primary and secondary research. Only by purchasing this report will you receive this critical business intelligence revealing where capital expenditure growth is likely and where a nuanced engagement with this multi-faceted market can reap reward. Don't miss this key opportunity to gain a competitive advantage.
If you buy our report today your knowledge will stay one step ahead of your competitors. Discover how our report could benefit your research, analysis and strategic decisions, saving you time. To gain an understanding of how to tap into the potential of this market and stay one step ahead of the competition you must order our report The Marine Seismic Equipment and Acquisition Markets 2013-2023: Offshore Seismic Survey Contracts for Oil & Gas E&P; 2D, 3D & 4C Vessels & Equipment. Avoid missing out - order our report now.
1. EXECUTIVE SUMMARY
1.1 The Marine Seismic Equipment & Acquisition Markets 2013-2023
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology and Market Definition
1.5 Marine Seismic Equipment Market Forecast 2013-2023
1.6 Marine Seismic Acquisition Market Forecasts 2013-2023
2. INTRODUCTION TO THE MARINE SEISMIC EQUIPMENT AND ACQUISITION MARKETS 2013-2023
2.1 Marine Seismic Equipment Market Definition
2.2 Marine Seismic Acquisition Market Definition
2.3 Types of Marine Seismic Equipment and Acquisition
2.3.1 2D Seismic Acquisition and Equipment
2.3.2 3D Seismic Vessels and Acquisition
2.3.3 4D Seismic Acquisition
2.3.4 Wide Azimuth and Rich Azimuth Marine Seismic Acquisition
2.3.5 4C Equipment and Acquisition
2.4 Marine Seismic Sources and Source Vessels
2.5 Marine Seismic Sensors - Streamers and Ocean Bottom Methods
2.6 Shallow Water Transition Zone (SWTZ) Marine Seismic
2.7 Marine Seismic Equipment and Acquisition Markets Structure Overview
2.8 Exploration Phase Seismic versus Production Phase Seismic
2.9 Multi-Client Seismic Services (MCS)
2.10 Cyclical Nature of 3D Seismic Market
3. GLOBAL MARINE SEISMIC EQUIPMENT MARKET FORECAST 2013-2023
3.1 Global Marine Seismic Equipment Market Drivers & Restraints
3.2 How Will Developments in the 'Golden Triangle' Affect Marine Seismic Equipment Spending?
3.3 What is the Marine Seismic Vessel Utilisation Rate and how will its Evolution Affect Marine Seismic Equipment Spending?
3.4 To What Extent is Spending on Marine Seismic Equipment Influenced by the Oil Price and E&P CAPEX Benchmarks?
3.5 What Impact Do Multi-Client Surveys Have on Equipment Orders?
3.6 What will be the Impact of the CGG Purchase of Fugro's Marine Seismic Acquisition Division on Marine Seismic Equipment Orders?
3.7 How important are a Natural Vessel & Equipment Decline Rates to New Marine Seismic Equipment Orders?
3.8 How is an Emphasis on Building a Contract Backlog Affecting the Marine Seismic Equipment Market?
3.9 What Variables Affect Equipment Cost?
3.10 The Increasing Importance of Command & Control Systems
3.11 Current Marine Seismic Fleet
4. MARINE SEISMIC EQUIPMENT SUBMARKET FORECASTS 013-2023
4.1 Global 3D Marine Seismic Vessels and Equipment Market Forecast 2013-2023
4.1.1 3D Seismic Vessels and Equipment CAPEX Drivers and Restraints
4.1.2 Are Low End 3D Marine Seismic Vessels and Equipment Becoming Obsolete?
4.1.3 What Efficiency Gains Are Being Made in the High-End 3D Seismic Fleet?
4.1.4 Will 3D Marine Seismic Vessel & Equipment Spending Keep Pace with E&P Demands?
4.1.5 New High-End 3D Vessel Deliveries and Anticipated Deliveries 2012-2016
4.2 The Global Towed Seismic Streamer Market Forecast 2013-2023
4.2.1 Global Towed Streamer CAPEX Drivers and Restraints
4.2.2 What Are the Economics of Increasing Towed Streamer Numbers?
4.2.3 Are More Streamers per Vessel an Inexpensive Means for Achieving Greater Efficiency?
4.2.4 What Recent Improvements Have Been Made to Streamer Technology and What Can Be Expected Going Forward?
4.2.5 Is There Sufficient Competition in the Marine Seismic Streamer Supply Market?
4.2.6 Improvements to Streamers on the Current Fleet
4.2.7 Broadband Seismic and Streamer Improvements
4.3 Global 4C Marine Seismic Equipment Market 2013-2023
4.3.1 4C Seismic Equipment CAPEX Drivers and Restraints
4.3.2 Wireless Ocean Bottom Node Outlook
4.3.3 How is 4C Equipment Competing with the 4D Acquisition Technique?
4.3.4 Competitiveness of Permanent Reservoir Monitoring (PRM) versus 4D Acquisition Techniques
4.3.5 Comparing PRM CAPEX & OPEX with LE 3D and HE 3D Day Rates
4.3.6 Outlook for Utilising 4C Seismic Acquisition Techniques and Equipment during Exploration Phase Seismic
4.3.7 Overt Sensitivity of 4C Equipment Market to Oil Price, E&P Spend and Capital Markets
4.4 Global Marine Seismic Source and Source Coordination System Market Forecast 2013-2023
4.4.1 Global Seismic Source CAPEX Drivers and Restraints
4.4.2 How Many Sources are Deployed per Seismic Vessel?
4.4.3 What factors cause spending on seismic sources to vary from spending on 2D and 3D marine seismic equipment?
4.4.4 Source Vessel Outlook
4.4.5 How do Source Vessels reduce the risk to which a Seismic Operator is exposed?
4.4.6 How will the source vessel market be affected by the CGG acquisition of Fugro's marine seismic assets?
4.5 Global 2D Marine Seismic Vessels and Equipment Market Forecast 2013-2023
4.5.1 2D Marine Seismic Vessels and Equipment CAPEX Drivers and Restraints
5. GLOBAL SEISMIC ACQUISITION MARKET FORECAST 2013-2023
5.1 Global Marine Seismic Acquisition Market Drivers & Restraints
5.2 Market Share by Acquisition Type in 2013
5.3 Relative Acquisition Costs of Different Marine Seismic Techniques
5.4 Understanding the Relationship between Oil Prices and the Marine Seismic Acquisition Market
5.5 Oil Price Determinant and E&P CAPEX Benchmarks
5.6 The Relationship between Oil Price Confidence and E&P CAPEX Expansion
5.7 How the Desire to Enhance Recovery is Driving Demand for Higher Fidelity Marine Seismic Data
5.8 The Enhanced Oil Recovery Market as an Allegory for the Outlook of Marine Seismic Acquisition
5.9 How Will Ageing Oil Fields Continue to Benefit the Marine Seismic Acquisition Market?
5.10 How Will the Growth of Multi-Client Surveys Impact Spending in the Marine Seismic Acquisition Market?
5.11 What is the Impact of the CGG Acquisition of Fugro Marine Seismic Assets on the Marine Seismic Acquisition Market?
5.12 Marine Seismic Acquisition Trends by Region
5.12.1 'The Golden Triangle'
5.12.2 Gulf of Mexico
5.12.3 Asia Pacific Region
5.12.4 Offshore Australia
5.12.5 South East Asia
5.12.5 India
5.12.6 Europe and North Sea
5.13 How competitive is 4C against 4D and how will this affect spending in the Marine Seismic Acquisition Market
6. PEST ANALYSIS OF THE MARINE SEISMIC EQUIPMENT AND ACQUISITION MARKETS 2013-2023
7. EXPERT OPINION
7.1 Dolphin Geophysical
7.1.1 Dolphin Geophysical Overview
7.1.2 CGG Fugro Acquisition
7.1.3 4C Market
7.1.4 Prospective Areas for Marine Seismic
7.1.5 Wide Azimuth Surveys
7.1.6 Core Determinants of Spending on Marine Seismic Surveys and Equipment
7.1.7 Multi-Client Seismic Surveys
7.1.8 Marine Seismic Technology and Potential Limitations
7.1.9 Streamers per Vessel
7.1.10 2D Seismic Market
7.1.11 Why is There is Caution When Ordering New Seismic Vessels?
7.1.12 High-End 3D Seismic Cost
7.2 TGS
7.2.1 TGS Positioning within Marine Seismic Market Space
7.2.2 Seismic Data Processing Preferences
7.2.3 TGS Strategic Aims
7.2.4 Multi-Client Seismic Survey Outlook
7.2.5 A Shift Away from Seismic Data Exclusivity?
7.2.6 4C Marine Seismic Market
7.2.7 The Outlook for Permanent Reservoir Monitoring (PRM)
7.2.8 Reservoir Exploration Technology (RXT) and the OPEX Challenges of 4C Acquisition
7.2.9 Competitiveness of 4C versus 4D and Wide Azimuth
7.2.10 E&P Spending, Oil Prices and the Marine Seismic Market
7.2.11 Oil Price Confidence and E&P CAPEX Increases
7.2.12 Overall Marine Seismic Market Impact of CGG/Fugro Acquisition
7.2.13 Vessel Order Caution within Marine Seismic Industry
7.2.14 Outlook for Streamer Numbers per Vessel
7.2.15 Time Considerations and Streamer Numbers
7.2.16 2D Seismic Acquisition Market Outlook
8. LEADING COMPANIES IN THE MARINE SEISMIC MARKET
8.1 CGG
8.1.1 What has been the impact of the acquisition of Fugro assets on CGG?
8.1.2 Outlook and Competitive Advantages for CGG?
8.1.3 CGG's Subsidiary Sercel
8.2 WesternGeco
8.2.1 Outlook and Analysis
8.2.2 WesternGeco High-End 3D Vessels Delivered & Pending Delivery 2012-2015
8.3 PGS
8.3.1 Notable Regional Focuses
8.3.2 PGS High-End 3D Vessels Delivered & Pending Delivery 2012-2015
8.4 Seabird Exploration
8.5 Polarcus
8.5.1 Future Outlook
8.6 Dolphin Geophysical
8.6.1 Company Outlook & Analysis
8.6.2 How has Dolphin Geophysical Mitigated Risk?
8.6.3 Dolphin Geophysical High-End 3D Vessels Delivered & Pending Delivery 2012-2015
8.7 Leading Multi-Client Data Provision Companies
8.7.1 TGS
8.7.2 Spectrum
8.8 Other Companies in the Marine Seismic Acquisition and Equipment Market
8.9 Notable Acquisitions and Bankruptcies in the Marine Seismic Sector
9. CONCLUSIONS
9.1 Marine Seismic Equipment Market Drivers and Restraints
9.2 Marine Seismic Equipment Market Forecast 2013-2023
9.3 Marine Seismic Acquisition Market Drivers and Restraints
9.4 Marine Seismic Acquisition Market Forecasts 2013-2023
10. GLOSSARY
1.1 The Marine Seismic Equipment & Acquisition Markets 2013-2023
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology and Market Definition
1.5 Marine Seismic Equipment Market Forecast 2013-2023
1.6 Marine Seismic Acquisition Market Forecasts 2013-2023
2. INTRODUCTION TO THE MARINE SEISMIC EQUIPMENT AND ACQUISITION MARKETS 2013-2023
2.1 Marine Seismic Equipment Market Definition
2.2 Marine Seismic Acquisition Market Definition
2.3 Types of Marine Seismic Equipment and Acquisition
2.3.1 2D Seismic Acquisition and Equipment
2.3.2 3D Seismic Vessels and Acquisition
2.3.3 4D Seismic Acquisition
2.3.4 Wide Azimuth and Rich Azimuth Marine Seismic Acquisition
2.3.5 4C Equipment and Acquisition
2.4 Marine Seismic Sources and Source Vessels
2.5 Marine Seismic Sensors - Streamers and Ocean Bottom Methods
2.6 Shallow Water Transition Zone (SWTZ) Marine Seismic
2.7 Marine Seismic Equipment and Acquisition Markets Structure Overview
2.8 Exploration Phase Seismic versus Production Phase Seismic
2.9 Multi-Client Seismic Services (MCS)
2.10 Cyclical Nature of 3D Seismic Market
3. GLOBAL MARINE SEISMIC EQUIPMENT MARKET FORECAST 2013-2023
3.1 Global Marine Seismic Equipment Market Drivers & Restraints
3.2 How Will Developments in the 'Golden Triangle' Affect Marine Seismic Equipment Spending?
3.3 What is the Marine Seismic Vessel Utilisation Rate and how will its Evolution Affect Marine Seismic Equipment Spending?
3.4 To What Extent is Spending on Marine Seismic Equipment Influenced by the Oil Price and E&P CAPEX Benchmarks?
3.5 What Impact Do Multi-Client Surveys Have on Equipment Orders?
3.6 What will be the Impact of the CGG Purchase of Fugro's Marine Seismic Acquisition Division on Marine Seismic Equipment Orders?
3.7 How important are a Natural Vessel & Equipment Decline Rates to New Marine Seismic Equipment Orders?
3.8 How is an Emphasis on Building a Contract Backlog Affecting the Marine Seismic Equipment Market?
3.9 What Variables Affect Equipment Cost?
3.10 The Increasing Importance of Command & Control Systems
3.11 Current Marine Seismic Fleet
4. MARINE SEISMIC EQUIPMENT SUBMARKET FORECASTS 013-2023
4.1 Global 3D Marine Seismic Vessels and Equipment Market Forecast 2013-2023
4.1.1 3D Seismic Vessels and Equipment CAPEX Drivers and Restraints
4.1.2 Are Low End 3D Marine Seismic Vessels and Equipment Becoming Obsolete?
4.1.3 What Efficiency Gains Are Being Made in the High-End 3D Seismic Fleet?
4.1.4 Will 3D Marine Seismic Vessel & Equipment Spending Keep Pace with E&P Demands?
4.1.5 New High-End 3D Vessel Deliveries and Anticipated Deliveries 2012-2016
4.2 The Global Towed Seismic Streamer Market Forecast 2013-2023
4.2.1 Global Towed Streamer CAPEX Drivers and Restraints
4.2.2 What Are the Economics of Increasing Towed Streamer Numbers?
4.2.3 Are More Streamers per Vessel an Inexpensive Means for Achieving Greater Efficiency?
4.2.4 What Recent Improvements Have Been Made to Streamer Technology and What Can Be Expected Going Forward?
4.2.5 Is There Sufficient Competition in the Marine Seismic Streamer Supply Market?
4.2.6 Improvements to Streamers on the Current Fleet
4.2.7 Broadband Seismic and Streamer Improvements
4.3 Global 4C Marine Seismic Equipment Market 2013-2023
4.3.1 4C Seismic Equipment CAPEX Drivers and Restraints
4.3.2 Wireless Ocean Bottom Node Outlook
4.3.3 How is 4C Equipment Competing with the 4D Acquisition Technique?
4.3.4 Competitiveness of Permanent Reservoir Monitoring (PRM) versus 4D Acquisition Techniques
4.3.5 Comparing PRM CAPEX & OPEX with LE 3D and HE 3D Day Rates
4.3.6 Outlook for Utilising 4C Seismic Acquisition Techniques and Equipment during Exploration Phase Seismic
4.3.7 Overt Sensitivity of 4C Equipment Market to Oil Price, E&P Spend and Capital Markets
4.4 Global Marine Seismic Source and Source Coordination System Market Forecast 2013-2023
4.4.1 Global Seismic Source CAPEX Drivers and Restraints
4.4.2 How Many Sources are Deployed per Seismic Vessel?
4.4.3 What factors cause spending on seismic sources to vary from spending on 2D and 3D marine seismic equipment?
4.4.4 Source Vessel Outlook
4.4.5 How do Source Vessels reduce the risk to which a Seismic Operator is exposed?
4.4.6 How will the source vessel market be affected by the CGG acquisition of Fugro's marine seismic assets?
4.5 Global 2D Marine Seismic Vessels and Equipment Market Forecast 2013-2023
4.5.1 2D Marine Seismic Vessels and Equipment CAPEX Drivers and Restraints
5. GLOBAL SEISMIC ACQUISITION MARKET FORECAST 2013-2023
5.1 Global Marine Seismic Acquisition Market Drivers & Restraints
5.2 Market Share by Acquisition Type in 2013
5.3 Relative Acquisition Costs of Different Marine Seismic Techniques
5.4 Understanding the Relationship between Oil Prices and the Marine Seismic Acquisition Market
5.5 Oil Price Determinant and E&P CAPEX Benchmarks
5.6 The Relationship between Oil Price Confidence and E&P CAPEX Expansion
5.7 How the Desire to Enhance Recovery is Driving Demand for Higher Fidelity Marine Seismic Data
5.8 The Enhanced Oil Recovery Market as an Allegory for the Outlook of Marine Seismic Acquisition
5.9 How Will Ageing Oil Fields Continue to Benefit the Marine Seismic Acquisition Market?
5.10 How Will the Growth of Multi-Client Surveys Impact Spending in the Marine Seismic Acquisition Market?
5.11 What is the Impact of the CGG Acquisition of Fugro Marine Seismic Assets on the Marine Seismic Acquisition Market?
5.12 Marine Seismic Acquisition Trends by Region
5.12.1 'The Golden Triangle'
5.12.2 Gulf of Mexico
5.12.3 Asia Pacific Region
5.12.4 Offshore Australia
5.12.5 South East Asia
5.12.5 India
5.12.6 Europe and North Sea
5.13 How competitive is 4C against 4D and how will this affect spending in the Marine Seismic Acquisition Market
6. PEST ANALYSIS OF THE MARINE SEISMIC EQUIPMENT AND ACQUISITION MARKETS 2013-2023
7. EXPERT OPINION
7.1 Dolphin Geophysical
7.1.1 Dolphin Geophysical Overview
7.1.2 CGG Fugro Acquisition
7.1.3 4C Market
7.1.4 Prospective Areas for Marine Seismic
7.1.5 Wide Azimuth Surveys
7.1.6 Core Determinants of Spending on Marine Seismic Surveys and Equipment
7.1.7 Multi-Client Seismic Surveys
7.1.8 Marine Seismic Technology and Potential Limitations
7.1.9 Streamers per Vessel
7.1.10 2D Seismic Market
7.1.11 Why is There is Caution When Ordering New Seismic Vessels?
7.1.12 High-End 3D Seismic Cost
7.2 TGS
7.2.1 TGS Positioning within Marine Seismic Market Space
7.2.2 Seismic Data Processing Preferences
7.2.3 TGS Strategic Aims
7.2.4 Multi-Client Seismic Survey Outlook
7.2.5 A Shift Away from Seismic Data Exclusivity?
7.2.6 4C Marine Seismic Market
7.2.7 The Outlook for Permanent Reservoir Monitoring (PRM)
7.2.8 Reservoir Exploration Technology (RXT) and the OPEX Challenges of 4C Acquisition
7.2.9 Competitiveness of 4C versus 4D and Wide Azimuth
7.2.10 E&P Spending, Oil Prices and the Marine Seismic Market
7.2.11 Oil Price Confidence and E&P CAPEX Increases
7.2.12 Overall Marine Seismic Market Impact of CGG/Fugro Acquisition
7.2.13 Vessel Order Caution within Marine Seismic Industry
7.2.14 Outlook for Streamer Numbers per Vessel
7.2.15 Time Considerations and Streamer Numbers
7.2.16 2D Seismic Acquisition Market Outlook
8. LEADING COMPANIES IN THE MARINE SEISMIC MARKET
8.1 CGG
8.1.1 What has been the impact of the acquisition of Fugro assets on CGG?
8.1.2 Outlook and Competitive Advantages for CGG?
8.1.3 CGG's Subsidiary Sercel
8.2 WesternGeco
8.2.1 Outlook and Analysis
8.2.2 WesternGeco High-End 3D Vessels Delivered & Pending Delivery 2012-2015
8.3 PGS
8.3.1 Notable Regional Focuses
8.3.2 PGS High-End 3D Vessels Delivered & Pending Delivery 2012-2015
8.4 Seabird Exploration
8.5 Polarcus
8.5.1 Future Outlook
8.6 Dolphin Geophysical
8.6.1 Company Outlook & Analysis
8.6.2 How has Dolphin Geophysical Mitigated Risk?
8.6.3 Dolphin Geophysical High-End 3D Vessels Delivered & Pending Delivery 2012-2015
8.7 Leading Multi-Client Data Provision Companies
8.7.1 TGS
8.7.2 Spectrum
8.8 Other Companies in the Marine Seismic Acquisition and Equipment Market
8.9 Notable Acquisitions and Bankruptcies in the Marine Seismic Sector
9. CONCLUSIONS
9.1 Marine Seismic Equipment Market Drivers and Restraints
9.2 Marine Seismic Equipment Market Forecast 2013-2023
9.3 Marine Seismic Acquisition Market Drivers and Restraints
9.4 Marine Seismic Acquisition Market Forecasts 2013-2023
10. GLOSSARY
LIST OF TABLES
Table 1.1 Marine Seismic Equipment Market and Submarkets Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Table 1.2 Marine Seismic Acquisition Market Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Table 3.1 Global Seismic Equipment Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 3.2 Global Marine Seismic Equipment Market Drivers & Restraints
Table 4.1 Marine Seismic Equipment Submarket Forecasts 2013-2023 ($m, AGR %)
Table 4.2 3D Marine Seismic Vessels and Equipment Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.3 3D Marine Seismic Vessels and Equipment Market Drivers & Restraints
Table 4.4 3D Vessel AGR% vs. E&P CAPEX AGR%, 2012-2013
Table 4.5 High End 3D Seismic Vessel Orderbook, Deliveries 2012-2016 (Name, Primary Operator, Shipbuilder, Delivery Date, Order Date, Cost, Streamer Number)
Table 4.6 Towed Seismic Streamer Equipment Submarket Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.7 Towed Streamer Equipment Market Drivers & Restraints
Table 4.8 4C Marine Seismic Equipment Submarket Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.9 4C Marine Seismic Vessels and Equipment Market Drivers & Restraints
Table 4.10 Marine Seismic Source and Source Coordination System Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.11 Marine Seismic Source and Source Coordination System Market Drivers & Restraints
Table 4.12 2D Marine Seismic Vessels and Equipment Submarket Forecast 2013-2023 ($bn, AGR %, CAGR%)
Table 4.13 2D Marine Seismic Vessels and Equipment Market Drivers & Restraints
Table 5.1 Global Marine Seismic Acquisition Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 5.2 Global Marine Seismic Acquisition Market Drivers & Restraints
Table 5.3 EOR Submarket Forecasts Summary 2013, 2018, 2023 (bpd, CAGR %)
Table 6.1 PEST Analysis of the Marine Seismic Equipment and Acquisition Market 2013-2023
Table 8.1 Leading 6 Marine Seismic Vessel Operators: Publicly Listed Non-state Owned Companies 2013 (Ranking, Total Revenue, Vessel Share %)
Table 8.2 CGG Overview 2012 (Total Revenue $m, HQ, Ticker, Contact, Website)
Table 8.3 Schlumberger Overview 2012 (Total Revenue $m, HQ, Ticker, Website)
Table 8.4 WesternGeco New High-End 3D Marine Seismic Vessel Deliveries (Name, Primary Operator, Shipbuilder, Delivery Date, Cost, Streamers)
Table 8.5 PGS Overview 2012 (Total Revenue $m, HQ, Ticker, Website)
Table 8.6 PGS New High-End 3D Marine Seismic Vessel Deliveries (Name, Primary Operator, Shipbuilder, Delivery Date, Cost, Streamers)
Table 8.7 Seabird Exploration Overview 2012 (Total Revenue $m, HQ, Ticker, Contact, Website)
Table 8.8 Polarcus Overview 2012 (Revenue $m, HQ, Ticker, Contact, Website)
Table 8.9 Dolphin Geophysical Overview 2012 (Total Revenue $m, HQ, Ticker, Contact, Website)
Table 8.10 Dolphin Geophysical New High-End 3D Marine Seismic Vessel Deliveries (Name, Primary Operator, Shipbuilder, Delivery Date, Cost, Streamers)
Table 8.11 Other Leading Companies in the Marine Seismic Market 2013 (Company, Product /Service)
Table 9.1 Global Marine Seismic Equipment Market Drivers & Restraints
Table 9.2 Marine Seismic Equipment Market and Submarkets Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Table 9.3 Global Marine Seismic Acquisition Market Drivers & Restraints
Table 9.4 Marine Seismic Acquisition Market Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Table 1.1 Marine Seismic Equipment Market and Submarkets Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Table 1.2 Marine Seismic Acquisition Market Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Table 3.1 Global Seismic Equipment Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 3.2 Global Marine Seismic Equipment Market Drivers & Restraints
Table 4.1 Marine Seismic Equipment Submarket Forecasts 2013-2023 ($m, AGR %)
Table 4.2 3D Marine Seismic Vessels and Equipment Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.3 3D Marine Seismic Vessels and Equipment Market Drivers & Restraints
Table 4.4 3D Vessel AGR% vs. E&P CAPEX AGR%, 2012-2013
Table 4.5 High End 3D Seismic Vessel Orderbook, Deliveries 2012-2016 (Name, Primary Operator, Shipbuilder, Delivery Date, Order Date, Cost, Streamer Number)
Table 4.6 Towed Seismic Streamer Equipment Submarket Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.7 Towed Streamer Equipment Market Drivers & Restraints
Table 4.8 4C Marine Seismic Equipment Submarket Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.9 4C Marine Seismic Vessels and Equipment Market Drivers & Restraints
Table 4.10 Marine Seismic Source and Source Coordination System Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.11 Marine Seismic Source and Source Coordination System Market Drivers & Restraints
Table 4.12 2D Marine Seismic Vessels and Equipment Submarket Forecast 2013-2023 ($bn, AGR %, CAGR%)
Table 4.13 2D Marine Seismic Vessels and Equipment Market Drivers & Restraints
Table 5.1 Global Marine Seismic Acquisition Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 5.2 Global Marine Seismic Acquisition Market Drivers & Restraints
Table 5.3 EOR Submarket Forecasts Summary 2013, 2018, 2023 (bpd, CAGR %)
Table 6.1 PEST Analysis of the Marine Seismic Equipment and Acquisition Market 2013-2023
Table 8.1 Leading 6 Marine Seismic Vessel Operators: Publicly Listed Non-state Owned Companies 2013 (Ranking, Total Revenue, Vessel Share %)
Table 8.2 CGG Overview 2012 (Total Revenue $m, HQ, Ticker, Contact, Website)
Table 8.3 Schlumberger Overview 2012 (Total Revenue $m, HQ, Ticker, Website)
Table 8.4 WesternGeco New High-End 3D Marine Seismic Vessel Deliveries (Name, Primary Operator, Shipbuilder, Delivery Date, Cost, Streamers)
Table 8.5 PGS Overview 2012 (Total Revenue $m, HQ, Ticker, Website)
Table 8.6 PGS New High-End 3D Marine Seismic Vessel Deliveries (Name, Primary Operator, Shipbuilder, Delivery Date, Cost, Streamers)
Table 8.7 Seabird Exploration Overview 2012 (Total Revenue $m, HQ, Ticker, Contact, Website)
Table 8.8 Polarcus Overview 2012 (Revenue $m, HQ, Ticker, Contact, Website)
Table 8.9 Dolphin Geophysical Overview 2012 (Total Revenue $m, HQ, Ticker, Contact, Website)
Table 8.10 Dolphin Geophysical New High-End 3D Marine Seismic Vessel Deliveries (Name, Primary Operator, Shipbuilder, Delivery Date, Cost, Streamers)
Table 8.11 Other Leading Companies in the Marine Seismic Market 2013 (Company, Product /Service)
Table 9.1 Global Marine Seismic Equipment Market Drivers & Restraints
Table 9.2 Marine Seismic Equipment Market and Submarkets Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Table 9.3 Global Marine Seismic Acquisition Market Drivers & Restraints
Table 9.4 Marine Seismic Acquisition Market Forecast Summary 2013, 2018, 2023 ($m, CAGR %)
Dolphin Group ASA is the parent company of Dolphin Geophysical AS (“Dolphin”), a global fullrange, asset light supplier of marine geophysical services. Dolphin Group ASA is listed on Oslo Stock Exchange with ticker “DOLP”. The company is headquartered in Bergen, with offices in Oslo, London, Houston, Brazil and Singapore.
Visiongain would like to thank the company for its time and insightful comments.
Visiongain: Describe the work of Dolphin Geophysical and your position within the market space of marine seismic.
Dolphin Geophysical: Dolphin Group ASA is the parent company of Dolphin Geophysical AS (“Dolphin”), a global full-range, asset light supplier of marine geophysical services. Dolphin Group ASA is listed on Oslo Stock Exchange with ticker “DOLP”. The company is headquartered in Bergen, with offices in Oslo, London, Houston, Brazil and Singapore.
Dolphin operates a fleet of new generation, high capacity 3D seismic vessels and offers (1) contract seismic surveys, (2) Multi-Client projects and (3) processing services on a worldwide basis.
Dolphin is now pre-qualified with most E&P companies and has already worked in most of the major exploration provinces across the World. As a technology driven company, our focus on safety, human resources and creativity will remain paramount at all times. Our expert management team, in which each member has over 15 years' experience in the industry, has a tremendous track record of building solid and reliable enterprises.
Dolphin’s main competitors are PGS, CGG, WesternGeco and Polarcus, and we are expected to have 5% of the total 3D market share in 2013 and grow to 9% by 2014.
Dolphin is different from its competitors in that the company does not own vessels (i.e. “asset light”). Through Time Charters (with options to prolong) with ship owners, Dolphin simply “rents” the vessels (incl. the marine crew) and operates them from a marine seismic perspective.
