Source: Rystad Energy UCube
Top 10 offshore producing countries in 2017
0 1,000 2,000 4,000 4,000 5,000
Large (excl H225) H225 Super Puma Demand
2013 2014 2015 2016 2017 2018 2019 2020 2021
Western Europe large offshore oil and gas helicopter
demand and supply 2012-2021
Source: Douglas-West wood
Worldwide offshore rig count & utilization rate (Dec. 2014 – Nov. 2016)
Dec14 Feb15April15June15 Aug15 Oct15 Dec15 Feb16April16June16 Aug16 Oct16
Total util Total supply Total contracted Working
Source: IHS RigPoint Notes: Rig types included are jackups, semis, and drillships.
Top 10 offshore producing
countries in 2017
Rystad Energy forecasts offshore
production at field-by-field level in UCube.
The analysis shows that Saudi Arabia will
continue to be the number one offshore
producer with an estimated 4. 8 MMb/d
of which 3.9 MMb/d is liquids production. The Safaniya, Manifa, and Qatif oil
fields as well as Berri will contribute the
most production. Norway is estimated to
produce just over 4 MMb/d, of which just
over 50% is contributed to gas, most no-ticeably from Troll and Ormen Lange. The
gas-dominant countries Qatar and Iran are
expected to follow with 3.9 MMb/d and 3. 3
MMb/d of expected total offshore production, respectively. Iran and Saudi Arabia
show the strongest production growth
globally compared to 2016.
Analyst assesses impact
of grounded helicopters
in Western Europe
The fatal helicopter crash in April 2016
near Turøy, Norway, involving the H225/
EC225 has created uncertainty surrounding
the future supply of Airbus’s heavy aircraft.
In its soon-to-be published World
Offshore Helicopters Market Forecast
2017-2021, Douglas-Westwood (DW) has
analyzed the impact of the H225 issues.
Despite the European safety regula-
tor’s decision to lift the flight ban on the
Super Puma models, they continue to be
grounded by the UK and the Norwegian
Civil Aviation Authorities, with operators
such as Statoil dropping them for good.
Should the grounding of the H225 continue, the most significant effect would be
seen in Western Europe. As of December,
the H225 alone accounts for 65% of the
region’s total large helicopter supply.
In 2016, helicopter utilization across
the medium (including next-generation
medium) and large aircraft is estimated
to have averaged 58%. The large segment is anticipated to have seen a higher
utilization at 68%, compared to medium
units at 49%. This implied utilization rate
is inclusive of the 52 Airbus Super Puma
units in Western Europe.
In 2017, DW forecasts large helicopter
utilization at 59%. In the event that all 52
units are removed from Western Europe’s
supply, the utilization rate is projected to
improve considerably to 105% for large
helicopters (i.e. implying a slight undersupply). This creates an opportunity for
helicopter manufacturers to address the
potential gap in the market. The undersupply would most likely be met by a combination of large helicopters from other
regions and medium and next-generation
medium aircraft in Western Europe.
– Marina Ivanova, Douglas-Westwood