Offshore Drilling Industry in Asia Pacific to 2015 - New Discoveries Shifting the Focus to Emerging Economies

The power demand in the global market has increased at a very fast pace in the 21st century

. The increasing power demand is attributed to the increasing standard of living, high economic growth and the increased use of electronic and electrical appliances. The power consumption has increased to a level where the world has started to look out for other alternative sources of power.

With the increasing use of thermal sources for generating power, the Green House gas (GHG) emissions have soared to a new high. The environmental effects from the GHG emissions are detrimental to the atmosphere. The world environmental bodies have put stringent regulations on the emission norm. The global power market needed the alternative sources with reduced carbon emission which could help to bridge the gap between power generation and power consumption. The nuclear power provides a solution for both the problems. The nuclear energy produces zero carbon emission power. The role of nuclear power in the share of power generation is expected to increase in the future years

The nuclear capacity is expected to increase at an AAGR of 1.35% for the period 2009-2020 and reach 495.6GW.The nuclear generation is expected to increase to 3252.5 Billion KWh by 2020 showing an AAGR of 2.13% for the period 2009-2020.

The global demand for oil and gas decreased in late 2008 and 2009 due to the global economic slowdown. However, with the expected recovery of the global economy led by the emerging economies of India and China, the demand for oil and gas is likely to recover by 2010. Further, corresponding to the global economic growth, the demand for oil and gas is also expected to continue to increase in the future. This will result in a corresponding increase in production, especially from the offshore regions. With the global crude oil and natural gas demand not expected to subside and the onshore reserves facing depletion, the offshore crude oil and natural gas production is only expected to increase in the future. The investments by offshore oil and gas industry in the Asia Pacific region is expected to continue to increase in the future.

GBI Research, a leading business intelligence provider, has released its latest research, "Offshore Drilling Industry in Asia Pacific to 2015 - New Discoveries Shifting the Focus to Emerging Economies". The study, which is an offering from the company's Energy Research Group, provides an in-depth analysis of the offshore drilling market in Asia Pacific and highlights the various concerns, shifting trends and major players in the region. The report provides forecasts for the offshore drilling industry in Asia Pacific to 2015. The report also provides segmental forecasts of the offshore drilling market in Asia Pacific by water depth and highlights the major countries in the region. The report provides in-depth analysis of the key trends and challenges in the offshore drilling market in the region. An analysis of the competitive scenario, data on the offshore wells and drilling expenditure in the region are also provided for each of the market segments. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research's team of industry experts.

For further details, please click or add the below link to your browser:

http://gbiresearch.com/Report.aspx?ID=Offshore-Drilling-Industry-in-Asia-Pacific-to-2015-New-Discoveries-Shifting-the-Focus-to-Emerging-Economies&ReportType=Industry_Report&coreindustry=ALL&Title=Oil_~_Gas

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Offshore Drilling Industry in Asia Pacific to 2015 - New Discoveries Shifting the Focus to Emerging Economies

By: Rajesh Gunnam

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