Offshore Market Prospects
30 January 2008 Aberdeen Lunch Seminar
Sponsored by Douglas-Westwood
Overview
Energy analysts Douglas-Westwood's annual Global Offshore Prospects presentation to the SUT in Houston and London was, for the first time, also hosted by SUT Aberdeen. Speakers from Douglas-Westwood were joined by Professor Alex Kemp to add his unique North Sea insight. This event forecasted the future prospects for the offshore industry. After the presentations, John Westwood also considered the business potential in the developing sectors of offshore wind, wave and tidal.
Presentations
John Westwood, Managing Director, Douglas-Westwood
John Westwood examines the issues underlying the present stat of the global industry, such as soaring oil and gas deman, the outlook for oil and gas prices and the likely future impact of issues such as resource and people shortages. John Westwood is Managing Director of Douglas-Westwood, a firm he founded in 1990. He spent the first 12 years of his career in underwater operations and was a pioneer of the remotely operated vehicle (ROV) industry.
Prospect for Activity Levels in the UK Continental Shelf to 2035
Professor Alex Kemp, Petroleum Economics, University of Aberdeen
Professor Kemps' presentation outlines the projections of future activity in the UK Continental Shelf (UKCS) to 2035. It emphasises production, numbers of new developments and investment expenditures. Prof Kemp is Professor of Petroleum Economics, University of Aberdeen, and for many years, has conducted research on the economics of North Sea oil and gas.
Andrew Reid, Operations Director, Douglas-Westwood
Andrew Reid focused on the global offshore industry, presenting Douglas-Westwood's forecasts of markets including floating production, subsea, deepwater and more, and gave views of the next five years offshore capital and operational expenditure. Reid is based at Douglas-Westwood's Aberdeen office and has previously worked on M&A with Ernst and Young and with investment bankers Simmons and Company.