Offshore Market Prospects
30
January 2008 Aberdeen
Lunch Seminar
Sponsored by
Douglas-Westwood
Flyer
Energy analysts
Douglas-Westwood's annual Global Offshore Prospects presentation to
the SUT in Houston and London was, for the first time, also hosted
by SUT Aberdeen. Speakers from Douglas-Westwood were joined by
Professor Alex Kemp to add his unique North Sea insight. This event
forecasted the future prospects for the offshore industry. After the
presentations, John Westwood also considered the business potential
in the developing sectors of offshore wind, wave and tidal.
Presentations
Global
Offshore Prospects
John Westwood, Managing
Director, Douglas-Westwood
John Westwood examines the issues
underlying the present stat of the global industry, such as soaring oil
and gas deman, the outlook for oil and gas prices and the likely future
impact of issues such as resource and people shortages. John Westwood is
Managing Director of Douglas-Westwood, a firm he founded in 1990. He
spent the first 12 years of his career in underwater operations and was
a pioneer of the remotely operated vehicle (ROV) industry.
Prospect for
Activity Levels in the UK Continental Shelf to 2035
Professor Alex Kemp, Petroleum
Economics, University of Aberdeen
Professor Kemps' presentation
outlines the projections of future activity in the UK Continental Shelf
(UKCS) to 2035. It emphasises production, numbers of new developments
and investment expenditures. Prof Kemp is Professor of Petroleum
Economics, University of Aberdeen, and for many years, has conducted
research on the economics of North Sea oil and gas.
Andrew Reid, Operations
Director, Douglas-Westwood
Andrew Reid focused on the global
offshore industry, presenting Douglas-Westwood's forecasts of markets
including floating production, subsea, deepwater and more, and gave
views of the next five years offshore capital and operational
expenditure. Reid is based at Douglas-Westwood's Aberdeen office and has
previously worked on M&A with Ernst and Young and with investment
bankers Simmons and Company.
