DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3tfm27/southeast_asia) has announced the addition of the "Southeast Asia Offshore Oil and Gas Services Market" report to their offering.
The offshore oil and gas (O&G) services market is witnessing uncertainty amid the global slump in crude oil price that started in H2, 2014 affecting economies and several industries. Major international and national oil companies have resorted to controlling their capital investments and laying off employees to reduce expenses. The highest level of uncertainty exists in the United States and other high-cost offshore drilling areas. This study evaluates the current state of the offshore O&G services market and focuses on the major industry verticals such as drilling support services, marine support vessels services, and pipeline services. It covers the field projects in the selected market segments and includes fleet sizes segregated by rig and vessel type.
The ongoing slump in oil price is impacting the market immensely - major participants have resorted to reducing capital investment and laying off employees to lower expenses. The highest uncertainty lies in the United States and other high-cost offshore drilling areas.
Competition in this market is severe. Strong global companies are able to hold on to their market position because of adequate cash reserves that allow them to cover losses and thrive on low costs, whereas small companies are finding it challenging to survive in the current environment. They were able to make profits mainly because of high oil prices in the past few years.
The Southeast Asian region relies heavily on offshore activities to fulfill both export and local market demands. Countries such as Malaysia, Indonesia, and Brunei derive huge revenue from O&G exports, whereas nations such as Thailand and Myanmar generate revenue by catering mostly to local market demand.
Key Topics Covered:
1. Executive Summary
2. Offshore Oil and Gas Services Market Drivers and Restraints - Global Impact
3. Southeast Asia Offshore Oil and Gas Services Market
4. Southeast Asia Drilling Support Services Market
5. Southeast Asia Marine Support Vessels Services Market
6. Southeast Asia Pipeline Services Market
For more information visit http://www.researchandmarkets.com/research/3tfm27/southeast_asia