The Marine Seismic Equipment and Acquisition Markets will reach $784m and $4,062m in 2015, says VG

LONDON - Aug. 11, 2015 - PRLog -- LONDON, UK. 14th May 2015: Visiongain (http://www.visiongain.com/Content/3/About-Us)’s analysis indicates that the marine seismic equipment and acquisition markets will reach a value of $784m and $4,062m respectively in 2015.  The marine seismic industry is a cautious one and has suffered a significant decline in spending after the oil price collapse of late 2014. Visiongain anticipates that CAPEX will recover gradually in line with the anticipated oil price recovery, with certain areas of both markets affected at different levels.

The marine seismic equipment and acquisition markets are important to follow as spending and trends within these markets indicate future locations for drilling and resource exploitation. CAPEX directed at marine seismic equipment or data acquisition has often been used as an indicator for the health of oil and gas E&P spending. Marine seismic is the first step toward locating and mapping a hydrocarbon reservoir.  There are different methods for marine seismic data acquisition, with 3D seismic the most popular.  Increasingly, production-stage seismic is being employed as part of the method for enhancing hydrocarbon recovery from producing reservoirs—this is supporting the 4C seismic equipment and acquisition markets.

The lead analyst of the report commented that, ‘Oil companies have reacted to the oil price collapse by cutting exploration investment and, in turn, marine seismic acquisition companies cut spending on new equipment. High end vessels and equipment needed to meet the fidelity challenges of the future will support equipment CAPEX going forward. Seismic data acquisition is expected to recover faster than the equipment market as companies can seek opportunities in both multi client and proprietary work to utilise the availability of vessels and equipment.’

The 200 page report contains 123 tables, charts and graphs that add visual analysis in order to explain developing trends within the marine seismic equipment and acquisition markets. Visiongain provides individual global forecasts, in terms of capital expenditure (US$), on marine seismic equipment and acquisition for the period 2015-2025. In addition to these global forecasts, there are five equipment submarkets individually analysed and forecast (2D marine seismic equipment, 3D marine seismic equipment, 4C marine seismic equipment, sources and associated command and control systems, and streamers and associated command and control systems) and five seismic acquisition submarkets (multi client data acquisition, proprietary data acquisition, 3D data acquisition, OBS data acquisition, 2D data acquisition). The acquisition market analysis also includes ten year forecasts on a regional basis: Asia Pacific, Europe, Africa, North America, South America, Russia, and the Middle East.

An interview with EMGS ASA provides insight into the overall industry and current market trends, while a company chapter provides detailed analysis and outlooks for the leading publicly-listed marine seismic operators.

The Marine Seismic Equipment & Acquisition Markets 2015-2025: Offshore Oil & Gas Seismic Surveys with 2D, 3D & 4C Equipment & 2D, 3D, OBS, Proprietary & Multi Client Acquisition will be of value to current and potential future stakeholders and/or investors in the marine seismic industry and upstream segment of the oil and gas industry. It will also benefit companies and research centres that wish to broaden their knowledge and understanding of a niche market that is critical to the development of offshore resources worldwide.

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.