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Russian Offshore Oil & Gas Fields Development presents a report on “Russian Offshore Oil & Gas Fields Development.” In the interim since the latest issue of the report, sweeping changes have taken place in the Russian offshore.

Navi Mumbai, India, July 12, 2014 --( Summary

The subject of the research report is Russia's offshore production projects in the Caspian, Black, Azov and Baltic Seas, in the Arctic and the Far East.

Since 2005, RPI has analyzed on a regular basis the status of offshore projects and is republishing the report for the fifth time with the latest versions focusing on the demand of E&P companies for equipment as well as for contractor services. Every successive edition leverages a base of cumulative knowledge and data obtained in the course of works on research projects in the oil and gas market segment.

The most recent report describing offshore hydrocarbon production projects was released in early 2013. Despite the fact that just over a year has gone by since that time, we decided to address the subject of oil and gas production in the sea, while shifting the research focus to evaluation of the offshore market's potential demand for equipment and materials, including seismic survey vessels, oil rigs, production platforms and pipes used for various purposes.

In the interim since the latest issue of the report, sweeping changes have taken place in the Russian offshore. In the Arctic, the problem of offshore delimitation in the Arctic Ocean has become even more acute. In 2012-2013, several major international companies entered the Russian offshore and their footprints will likely speed up exploration of license areas dramatically. At the end of 2013, the Kirinskoye field in the Sea of Okhotsk was put into operation in a test mode, its switch to regular industrial exploitation planned for the second half of 2014. Finally, on the eve of 2014, the first commercial oil was produced at the Prirazlomnoye field in the Pechora Sea.

As before, the report focuses on the forward-looking aspects of projects, including the implementation period, drilling volumes and need for platforms, since this is an approach that also makes it possible to evaluate the scope of the market for other kinds of oil and gas equipment.

The key sections of the report devote attention to the following issues:

• an overview of the current status of projects, including plans for implementation or termination
• information about the intentions of certain players to join or pull out of projects
• forecast for 2014-2025 production of certain projects in the context of possible scenarios
• exploration and development drilling forecast for 2014-2025 in the context of projects, players and possible timing of drilling operations
• forecast of the need for seismic survey ships, oil rigs, production platforms and pipes for various purposes in 2014-2025

The report evaluates the current status of offshore projects and forecasts drilling volumes in terms of projects and years, needs for seismic survey vessels, oil rigs, production platforms and pipes for various purposes.

Market research in that context seems to be the most expedient as it gives an opportunity to understand how promising a certain exploration or production project is and when the need for a certain kind of equipment and oilfield service can be expected to emerge.

This analysis may be of interest to seismic and drilling companies, suppliers of various drilling equipment, pipes and pipeline fittings, manufacturers of wellheads, drilling fluids, as it allows them to identify future needs for equipment and services in relation to the timing and volumes of possible supplies.

Likewise, the analysis of offshore projects may be helpful to current and potential investors seeking to evaluate the risks of investment projects and monitoring potential opportunities to enter promising market niches.

The scenario-based forecasting approach used in this report is the most flexible tool for further monitoring of the situation. It allows the reader to gain a clear picture about probable implementation of a certain E&P project, which could eventually help reduce risks for market players.

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