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range through 2020, local content policies pressure

SUBSEATECHNOLOGY deepwater cost growth, Petrobras problems contin- ue into 2017/beyond • High Scenario:

Strong economic growth, accelerating energy de- mand, oil prices in the $70 to $80 range through 2020, constraints limit shale development, easing local content policies reduce cost pressures in deep- water projects, Petrobras regains investment grade

Total Navigation in H1 2016. • Most Likely Scenario:

Modest but sustained economic rebound, 1.5% en- ergy demand growth, oil prices in the $60 to $70 range through 2020, shale oil grows in North Amer- ica – but not elsewhere, deepwater cost growth de- celerates, Petrobras credit junk rated through 2017.

In all scenarios the expected long term price of oil – on which major investment decisions are based – falls within the EIA projected future crude price range of $70 to $170 per barrel in the late-2020s, $80 to $200+ in the late 2030s.

Forecast for Orders

In the most likely scenario, over the next ? ve years we expect orders for 64 oil/gas production units (FPSOs, Semis, Spars and TLPs), 29 LNG process- ing units (FLNGs, FSRUs) and 25 storage/of? oad- ing units (FSOs). Capex associated with the build- ing and conversion contracts will be in the vicinity of $106 billion.

A breakdown of the forecast by size unit, region, year order placed, new or modi? ed hull, etc. is pro- vided in the new report.

In the high scenario we anticipate a considerably

DVL navigation has always been in our DNA.

stronger pace of orders. Here we expect orders for

Now it’s in our product range.

77 oil/gas production ? oaters, 36 LNG processing units and 30 storage/of? oading units. In the low

Syrinx has arrived. A 600 kHz DVL operating at altitudes comparable to a 300 kHz DVL with the high scenario the number of orders is expected to be 45 resolution performance of a 1200 kHz DVL. Easy to oil/gas production ? oaters, 22 LNG processing units install and simple to integrate on Work-class ROVs and 20 storage/of? oading units. and AUVs, Syrinx benefits from dual serial and

The 2016/20 forecast is signi? cantly lower than

Ethernet outputs, a deep-rated titanium housing and the ? ve year forecast last year. There we projected replaceable transducers as standard. With acoustic orders for 98 oil/gas production units, 25 LNG pro- positioning, aided inertial navigation and now DVL cessing units and 30 storage/of? oading units. technology, why not make Sonardyne your total

Details for the production ? oater forecast are navigation supplier? Search Syrinx DVL provided in our new 186 page report. Information about the report, including the table of contents and list of exhibits, is available at

POSITIONING https://www.worldenergyreports.com

NAVIGATION

COMMUNICATION

MONITORING www.marinetechnologynews.com

IMAGING

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