At present, the country’s capital investment in the industry is decreasing: according to the data of 85 companies in the world, the annual national capital investment is expected to be 2015 and 5% respectively, 15% and 2016 respectively. According to the oil company announced 2015 annual investment budget, the major companies have 15-20% of cost - cutting, which also makes the investment of the industry as a whole has been reduced by 20%, indicating that oil prices have a further decline in the risk. At the same time, the reduction of the proportion of cash flow and investment will have a relevant impact on production.
According to a recent report by the United States EIA (energy information administration) analysis, the global oil supply excess concerns still exist, Russia’s crude oil demand will be reduced, America is still the main source of non OPEC supply growth, Iraq is still the global crude oil production prediction of suspense, the global supply of crude oil exists great uncertainty.
Despite the ups and downs of the drilling market, we should see some of the realities of the world. There are about 550 of the world’s active and self elevating drilling platforms. About 80 blocks in the construction of self elevating drilling platform. Currently more than 65% of the service period of the drilling platform has exceeded the design life of the platform 20 to 30 years.
International and China’s offshore drilling platform in the field of development of contrast clearly tells us that in the offshore oil drilling and production equipment industry, China started late; China offshore oil drilling equipment industry is in the ascendant period; China ocean engineering products and industry is gradually moving towards the world is imperative.
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