The advancement in
offshore oil exploration and production technologies calls for
development of offshore support vessels market. Pipe laying vessel is
one of the offshore support vessels used to support the offshore
infrastructure. With increased offshore oil and gas exploration
activities around the world the expansion of pipe laying vessel
market is expected in the forecasted period.
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Research Report of Pipe Laying Vessel Market :http://www.transparencymarketresearch.com/pipe-laying-vessel-market.html
Pipe laying vessels
are constructed by placing pipes on the seafloor. Such vessels are
meant to transport oil and gas from subsea well locations to
production facilities and then further to onshore facilities. For
different ocean depth scenarios the material of construction of
pipeline vessels are different. This is because with increasing
depths the water buoyant affects increase which affects the pipe lay
process. For instance at shallow waters concrete is poured over the
pipes for their correct positioning while in deep and ultra deep
waters, thickness of pipes is increased to withstand the amplified
hydrostatic pressure and maintain their arrangement. There are three
ways of subsea pipe installation namely tow-in, S-jay, and J-lay.
Pipe lay vessel is integral to the success of the set up. Numerous
types of pipe laying vessels include J-lay barges, S-lay barges, and
reel barges.
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One of the key
drivers of the pipe laying vessel market is the contribution of such
technology in offshore oil and gas exploration operations. The
increasing global population has resulted in widening of the power
demand-supply gap. Hence, the nations world-wide are going for
offshore explorations to be fuel sufficient and ensure their energy
securities in the future. With newly discovered oil and gas
exploration sites at ultra deep waters, the development of pipe
laying vessel market is seen as a necessity. The enhancement of the
pipe laying vessel features and functionalities to achieve
operational efficiency tend to drive up the upfront cost of such
vessels. Hence, high cost of the pipe laying vessels may affect the
growth of such market in the coming years.
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A number of projects
have been taken up by the governments of Africa and Brazil to ensure
exploration and production of their offshore reserves. Hence, the
pipe laying vessel market is expected to experience highest growth in
such nations owing to availability of numerous offshore oil and gas
well, especially deepwater blocks over there. In Asia Pacific, pipe
laying vessel market is assumed to show positive growth in India.
This is because the New Exploration and Licensing Policy regime of
India has resulted in a significant increase in its exploration and
production activities. Europe is slowly recovering from its ongoing
economic recession. Although it has undertaken several exploration
activities, it may be cautious of its investment in such costly pipe
lay vessels. Thus, such market growth in Europe is likely to be
measured. The pipe laying vessel market growth in North America is
also estimated to be sluggish due to the declining oil prices. The
minimized exploration and production operation in Mexico resulting in
low returns is assumed to intervene in such market improvement in the
forecasted period.
The pipe laying
vessel market segmentation is on the basis of end product type. There
are mainly three types of pipe laying vessels namely J-lay barges,
S-lay barges, and reel barges. The J-lay barges are suitable for
ultra deep waters of depth between 500 to 4500 meters depending upon
the diameters of the pipes. The S-lay barges are preferred in both
shallow and deep water scenarios depending upon their pipe diameters.
Reel barges have horizontal or vertical reel which the pipe is
wrapped around. Such technology is used to reduce offshore pipeline
installation duration.
Some of the key
players in pipe laying vessel market are Royal IHC, Upetrom Group,
Sapiem s.p.A, Van Oord among others.
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