'Market for ROVs in the Global Oil & Gas Industry to be Worth $2.5bn in 2013' Says Visiongain Report

LONDON, February 12, 2013 /PRNewswire/ --

Visiongain's analysis indicates that the global market for remotely operated vehicles (ROVs) in the oil & gas industry will reach a value of $2.46bn in 2013. The sector will experience strong growth over the forecast period as increasing expenditure in the deepwater and subsea construction markets create strong demand for ROVs.

The lead analyst of the report on ROVs in the oil & gas industry commented that 'The market for ROVs in the oil & gas industry is a rapidly growing segment of the global offshore oil & gas market where technological advances of recent years have resulted in increasing installation of subsea infrastructure, and have allowed companies to operate in ever greater water depths. The complexity of subsea equipment and the dangers associated with operating in deepwater and ultra deepwater areas have made ROVs indispensable to the development and safety of offshore hydrocarbon projects around the world. Demand for ROVs and ROV services will grow as oil & gas companies increase their production from offshore reserves and decommissioning of old fixed production facilities increases. Due to the integral role ROVs play in the offshore oil & gas industry, investment is bound to grow strongly over the next decade'.

The ROVs in the Oil & Gas Industry 2013-2023 report, analyses this rapidly developing part of the energy market and provides insights into the drivers and restraints that will shape the market over the next decade. The report contains 123 tables, charts and graphs that add visual analysis in order to explain developing trends within the global and 6 outlined regional markets. In addition, the report provides profiles of 15 major companies operating within the market, and includes an interview providing expert insight alongside Visiongain's analysis.

The report on ROVs in the oil & gas industry 2013-2023 will be of value to current and future potential investors into the ROV, subsea construction and deepwater markets, as well as companies who wish to broaden their knowledge of the ROV market.

For sample pages and further information concerning the visiongain report the ROVs in the Oil & Gas Industry 2013-2023 please visit http://www.visiongain.com/Report/980/ROVs-in-the-Oil-Gas-Industry-2013-2023

For an executive summary please contact: Sara Peerun sara.peerun@visiongainglobal.com or Tel: +44(0)20-7336-6100

Companies Listed

AF Group
Ageotec
Aker Solutions
Allseas
Anadarko
Andrew Survey
Apache Corporation
ATP Oil & Gas
Baker Hughes
BC Petroleum
BG Group
BG Norge
BHP Billiton
BowLeven
BP
BP Brazil
BPZ Energy
C-Innovation
Canyon Offshore
Centrica
Chevron
Chevron North Sea Ltd.
China National Offshore Oil Corporation (CNOOC)
COOEC
ConocoPhillips
Dana Petroleum
Deep Ocean Engineering Inc.
Deep Ocean Group
Deep Sea Systems International
DOF AS
DOF Subsea
DONG Energy
ECA Robotics
E.ON
Energy Resource Technology GOM Inc.
ENI
Elf Exploration UK Ltd.
Esso
Expro International
ExxonMobil
FMC Technologies
Forum Energy Technologies (FET)
Fugro
Fugro Subsea Services Limited
Galoc Production Co.
Gujarat State Petroleum Corporation
Hallin Marine
Harvest Natural Resources
Heerema Marine Contractors
Helix Energy Solutions Group
Hess Corporation
Hibbard Inshore
Husky Energy
Husky Oil China Ltd
i-Tech
IKM Gruppen
IKM Subsea
IKM Subsea Norway
IKM Subsea Singapore
Inpex Corporation
Integrated Subsea Services Ltd. (ISS)
International Submarine Engineering Ltd. (ISE)
iSurvey Group AS
Ithaca Energy
Kystdesign AS
Larsen & Toubro
LLOG
Lundin Petroleum
Maersk Oil
Marathon Oil
Mariscope
McDermott
Mermaid Maritime
MMT Sweden AB
MPX North Sea Ltd.
Murphy Oil
Neptune Marine Services
Nexans
Nexen
Noble Energy
Nordstream
Oceaneering International Inc.
Ocean Modules
OGX
OMV Petroleum
Oil and Natural Gas Corporation Limited (ONGC)
Oriental Oil
Origin Energy
PDVSA
Pearl Energy
Pemex
Petrobras
Petrofac
Premier Oil
RasGas
Repsol S.A.
Roc Oil
ROVOP
Royal Dutch Shell
RWE-DEA
SAAB Seaeye
SAAB Underwater Systems
Saipem
Saipem America
Salamander Energy
Santos
Schilling Robotics
Seabotix
Serica Energy
Shenzen Company
Sinopec
SNK Ocean Co. Ltd.
Soil Machine Dynamics (SMD)
Sonsub
Statoil
Subsea 7 S.A.
Suncor Energy
SURF Subsea
Talisman Energy Inc.
Technip
Total S.A.
Türkiye Petrolleri Anonim Ortakl??? (TPAO)
Transmediterranean Pipeline Company Ltd.
Tullow Oil
Valiant Petroleum
Wintershall Holding GmbH
Woodside Energy
Xcite Energy

Notes for Editors

If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44(0)207-336-6100

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.