|By PR Newswire||
|March 28, 2014 12:00 PM EDT||
DUBLIN, March 28, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4sk726/global_satellite) has announced the addition of the "Global Satellite Communication Market in the Oil and Gas Industry 2014-2018" report to their offering.
Currently, almost 135 UDW rigs are being operated in the Atlantic Ocean. The number of UDW rigs is expected to reach 220-230 units by 2018. Geographically, these rigs will be placed in very risky offshore locations such as in the Indian Ocean, the Pacific Ocean nearer to China, and the Atlantic Ocean nearer to Canada and Greenland. UDW is a very complex exploration process that requires very high safety as well as efficient operational performance.
In addition, it requires a large amount of integrated real-time process automation associated with high risks. Hence, UDW rigs require highly reliable broadband networks. Further, as the UDW market is expanding, there is a need for robust and remote communication services in new areas. Thus, satellite communication for UDW exploration is an emerging trend that is expected to propel the growth of the market.
According to the report, one of the main drivers in this market is the challenging environment of oil and gas rigs. Most of the oil and gas exploration and drilling works are carried out in remote places such as deserts, where the temperature shifts from -10 degrees Celsius to almost 50 degrees Celsius; offshore oil and gas drilling rigs, where wind, rain, and waves make for an incredibly hostile workplace; and deep-water oil and gas exploration, where the depth plays a hostile environment.
Further, the report states that one of the major challenges in this market is the increasing adoption of fiber optic connectivity. Most of the E&P companies are adopting fiber optics communication as an alternative to satellite communications. In addition, many companies with onshore rigs are adopting terrestrial fiber optics connections for backup networks during emergency situations. Recently, BP rolled out a 1,280-kilometer fiber network in the Gulf of Mexico.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Revenue Segmentation
8. In-Service Unit Segmentation
9. Bandwidth Segmentation
10. Geographical Segmentation
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Trends and their Impact
18. Vendor Landscape
19. Key Vendor Analysis
20. Other Reports in this Series
- APT Satellite Company Ltd.
- C-Com Satellite Systems Inc.
- DTS Inc.
- Harris CapRock Communications Inc.
- Hermes Datacommunications International Ltd.
- Hughes Satellite Systems Corp.
- Inmarsat plc.
- ITC Global
- KVH Industries Inc.
- Orange Business Services
- RigNet Inc.
- Singapore Telecommunications Ltd.
- STM Group
- Telespazio SpA.
- Vizada Inc.
For more information visit http://www.researchandmarkets.com/research/4sk726/global_satellite
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets