Analyst assesses Iran’s upcoming offshore drilling, platform needs

Offshore staff

FAVERSHAM, UK – Douglas-Westwood’s (DW) new Iran Oil & Gas Market Forecast anticipates increased demand for offshore rigs in the Persian Gulf.

This follows the opening up of the country’s oil and gas sector to foreign companies in response to the anticipated lifting of international sanctions against Iran.

DW’s report includes historical and forecast offshore oil and gas production between 2005 and 2021; a list of offshore oil and gas development wells drilled; a project-by-project review of upcoming field developments; and an assessment of the timing of activity.

An anticipated rise in drilling activity will drive demand for offshore rigs, DW says, and will also have a significant impact on the oilfield services market. The report provides historical and forecast oilfield services expenditure for 20 oilfield service lines in Iran, including rig and crew, cementing, and fishing.

In addition, it provides a forecast of Iran’s capex requirements for fixed and floating platforms during 2010-19.

12/08/2015

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