Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020. However, pricing is expected to remain competitive and contractors will need to remain focussed on profitability being locked into low-margin purgatory.
We collate data on floating and fixed production facilities’ contracts around the world, including floating LNG platforms. We cover shipyards, orders and contracting activity, to help offshore engineering, procurement and construction (EPC) firms build viable opportunity pipelines.
Our solutions help identify changes in procurement patterns as well as utilisation trends. We interpret the raw data to provide commercial teams with essential and actionable insight into fabrication, pricing, supply chains and logistic trends. In a rapidly developing marketplace, with significant local variation, vendors, contractors and OEMs rely on our solutions to optimise decision-making, prioritise resources, and ensure that proposed projects remain commercially viable.
Offshore EPC Solutions
Industry-leading market intelligence covering the global base of offshore production facilities and infrastructure, as well as upcoming opportunities and prospects – a critical tool for OEMs and contractors seeking a competitive edge.
EPC Commercial Advisory
Drawing on our sector knowledge, we offer a range of advisory services. Our corporate strategy and transaction support includes the assessment of underlying market drivers, competitor analysis, procurement-related commercial dynamics, individual business plans, and growth avenues. We also conduct peer-group benchmarking, and provide indicative asset valuations.
Operating floating production systems tracked currently
FPS units expected to begin commercial production by end-2024
New fixed platforms expected to be ordered by end-2024
Value of FPS contracts to be awarded 2020-2024
“Westwood Global Energy Group has great data coverage, which includes key offshore driving data for us, the new interface is excellent as well. Congratulations to your team!”Business AnalystGlobal OEM