Business/economics

Asia Pacific Deepwater Capabilities Expand To Meet Growing Energy Demand

The Asia Pacific region is expected to be the fastest-growing region in deepwater development in the next 5 years.

jpt-2015-05-apdeepwaterfig1.jpg
Fig. 1—Key deepwater developments in the Asia Pacific region.

The Asia Pacific region is expected to be the fastest-growing region in deepwater development in the next 5 years. Malaysia, Indonesia, China, India, and Australia together are expected to drive 85% of deepwater spending in the region. This paper presents various deepwater developments in the region, with a focus on deepwater pipelay involving steep S-lay/J-lay requirements and the availability of regional offshore deepwater installations and pipelay vessels to meet the challenges posed by future deepwater development.

Deepwater Growth in Asia Pacific

The Asia Pacific region is traditionally a shallow-water-development region, with most of the fields operating in water depth of less than 100 m. Currently, only a few fields operate in water more than 500 m deep, and most of these came on stream in the last 5 years.

×
SPE_logo_CMYK_trans_sm.png
Continue Reading with SPE Membership
SPE Members: Please sign in at the top of the page for access to this member-exclusive content. If you are not a member and you find JPT content valuable, we encourage you to become a part of the SPE member community to gain full access.