2018 Offshore Technology Yearbook

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Page 2 of 55 | December 2017 | 1 2 10 24 38 30 46 2018 Offshore Technology Yearbook A supplement to E&P Table of Contents HART ENERGY 1616 S. Voss, Suite 1000 | Houston, Texas 77057 Tel: +1 (713) 260-6400 | Fax: +1 (713) 840-8585 Group Managing Editor JO ANN DAVY Executive Editor RHONDA DUEY Senior Editor, Drilling JENNIFER PRESLEY Associate Editor, Production Technologies BRIAN WALZEL Chief Technical Director RICHARD MASON Associate Managing Editor ARIANA BENAVIDEZ Senior Editor, Digital News Group VELDA ADDISON Contributing Editors BETHANY FARNSWORTH SHUQIANG FENG JUDY MURRAY STEVE SASANOW SCOTT WEEDEN Corporate Art Director ALEXA SANDERS Marketing Art Director MELISSA RITCHIE Senior Graphic Designers LISA GOODRICH MAX GUILLORY Production Manager SHARON COCHRAN Marketing Director GREG SALERNO For additional copies of this publication, contact Customer Service +1 (713) 260-6442. Vice President Publishing RUSSELL LAAS Vice President Publishing SHELLEY LAMB Publisher, Midstream Business DARRIN WEST Editorial Director PEGGY WILLIAMS Chief Financial Officer CHRIS ARNDT Chief Executive Officer RICHARD A. EICHLER On the cover, clockwise from the top: Noble Energy's Tamar platform (photo courtesy of Noble Energy), artist rendering of a subsea installation (illustration courtesy of Baker Hughes, a GE company), the Malikai tension-leg platform (photo courtesy of Shell) and the PFLNG Satu at the Kanowit Gas Field (image courtesy of PETRONAS). PRODUCTION OUTLOOK Global Offshore Oil Production Outlook to 2025 The offshore industry is expected to continue to grow in the next several years due to new developments and field expansions. KEY PLAYERS Building Momentum through Strategy, Efficiency Offshore activity is picking up, and these standout players are setting themselves up for success now and in the future. EXPLORATION Global Exploration Takes an Upward Turn Operators test the boundaries of established plays as well as promising new areas following a year of marginal exploration activity. DRILLING TECHNOLOGY Offshore Technology Aims at Lowering Breakeven Economics From cost-effective RSS to higher bandwidth mud pulse to lower vibration underreamers, service companies are designing tools to meet industry demands. FIXED AND FLOATING SYSTEMS Awards, Activations Engender Optimism Contract awards and resumed construction indicate the formerly stagnant fixed and floating systems market is beginning a long-awaited revival. SUBSEA Can Technology Save Subsea? Because of the price crash, subsea operators are finding new ways to develop their assets. 2018 Offshore Technology Yearbook In an extension of Hart Energy's Unconventional Yearbook series, known for its industry-leading analysis of the top resource plays, the Offshore Technology Yearbook series presents key market and technology trends shaping the global offshore E&P business. This fourth in an annual series of yearbooks provides an overview of current upstream activity, with authoritative insights into the global and regional offshore markets, exploration, drilling and field devel- opment activity, and exclusive access to capex data, facts and fore- casts on projects, facilities and infrastructure. Also highlighted are the key emerging and established technologies being employed and profiles of the top offshore oil and gas operators. Hart Energy © 2017

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