Marine Seismic Equipment & Acquisition Markets 2016-2026

LONDON, May 13, 2016 /PRNewswire/ --

Offshore Oil & Gas Seismic Surveys With 2D, 3D & 4C Equipment & 2D, 3D, OBS, Proprietary & Multi Client Acquisition

Spending in the marine seismic equipment and acquisition markets is a segment of overall E&P CAPEX (capital expenditure). E&P CAPEX usually follows the price of oil as this determines the rate of return on production. 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 a sign for the health of oil and gas E&P spending.

Visiongain's new 184-page Marine Seismic Equipment and Acquisition Markets 2016-2026  report indicates that the marine seismic market will see CAPEX of $273m on equipment and $2,703m on acquisition in 2016.

The fall in the price of oil has resulted in oil companies reacting by cutting exploration investments. This in turn has resulted in marine seismic acquisition companies making major cuts with regards to spending in order to remain profitable during this market downturn. Recovery in the marine seismic market will occur in line with the recovery of the oil price. 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.

This report will be of value to anyone who wants to better understand the sector and its dynamics. It will be useful for stakeholders already involved in the marine seismic sector, or for those wishing to understand and appreciate the trajectory and state-of-play of a sector of growing importance to the global energy industry.

The report contains 117 tables, charts and graphs that add visual analysis in order to illustrate developing trends within the marine seismic market. Visiongain provides annual CAPEX forecasts and analysis for the period 2016-2026 for the global market.

To see a report overview please email Sara Peerun on [e-mail]

The report will answer questions such as:
• How is the marine seismic equipment market evolving?
• What are the prospects for the different types of marine seismic equipment over the next decade?
• What is the outlook for the different types of marine seismic acquisition over the next decade?