Onshore Pipelines Forecast – Operations and Maintenance Activity to Boost Spend

Overall onshore pipeline expenditure is expected to be bolstered by greater installation activity in the near-term, due to projects that were sanctioned prior to the downturn.

Douglas-Westwood (DW) has today launched its 6th edition of the World Onshore Pipelines Market Forecast with new operations expenditure (Opex) forecasts. The report considers the prospects for the onshore pipelines construction business and values the future capital expenditure (Capex) and Opex markets through to 2021 by key component/segment, region, pipeline product and diameter.

The sector has been negatively impacted by the sustained low oil price environment, whereby reduced investment in early feasibility and front-end engineering and design (FEED) work is expected to impact the latter years of the forecast period. However, overall expenditure is expected to be bolstered by greater installation activity in the near-term, due to projects that were sanctioned prior to the downturn.

Report Author, Katy Smith, commented, “DW expects total onshore pipeline Capex over the forecast period to increase slightly to $203 billion (bn), a rise of 5% compared with $194bn over the preceding five-year period. Pipeline additions are predicted to increase overall, compared to 2012-2016, though many regions will see declines during the forecast. Global installed kilometres (km) over the forecast will total over 276,000km, representing an increase of 2% compared to the previous five-year period.

“North America and Asia remain the highest volume markets, together accounting for approximately 53% of global Capex over the forecast period. Australasia, having seen a large increase in installations over recent years due to the number of LNG projects in the area, is expected to see a significant decline in Capex as a number of these projects begin operations mid-forecast. Eastern Europe & FSU is expected to be the most resilient pipeline market, with 2021 expenditure of around $5.6bn seeing only a 7% decline from $6bn in 2017, owing to key pipeline projects such as Power of Siberia 1 and 2.

“The operations and maintenance market has a more positive outlook, as the majority of regions already possess a large installed base of pipeline. Total Opex is expected to be approximately $132bn over the 2017-2021 period, compared to $114bn in the preceding five years, representing a 16% increase. Unlike Capex, this sector is somewhat sheltered by stringent pipeline regulations and the need to continue operations.

Read more: http://www.douglas-westwood.com/report/oil-and-gas/world-onshore-pipelines-market-forecast-2017-2021/

About Douglas-Westwood:
Established in 1990, Douglas-Westwood is a leading provider of market research & consulting services to the energy industry worldwide. We have completed 1,100 projects for clients in more than 70 different countries and in some 250 niche energy segments, our work attracting over 20 industry awards. Our clients range from the oil & gas majors and their contractors to financial houses & governments.

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Contact Details

Company Name: Douglas-Westwood
Issued By: Oliver Solly
Phone: 20347799505
Address: Abbey House, 20 East Street, Canterbury - ME13 8AS, England, United Kingdom
City: Canterbury
State: England
Zip: ME13 8AS
Country: United Kingdom
Website: Visit the website

Keywords : oil pipepline, onshore pipeline, pipeline expenditure,

by Oliver Solly (few years ago!)

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