$50 billion of business opportunities in 250 projects
These business opportunities are related for:
– $18 billion to Electrical products and systems (Switchgears, transformers, motors and generators, cables, lighting, power systems, etc…)
– $19 billion to Instrumentation, automation and telecoms (DCS, Safety systems, fields instruments, telecommunication, etc…)
– $9 billion to Mechanical power equipment (Diesel & Gas engines,turbo generators)
– $4 billion to Compact substations
By business opportunities we understand packages of products or systems such as they will be placed on the market by the engineering companies in charge of the procurement of the equipment on the next 3 to 5 years.
These business opportunities are directly related to the 250 projects actually in the Project Smart Explorer data base.
In this definition the $50 billion business opportunities represent the real amount of the orders to be placed to the manufacturers of electrical, instrumentation and mechanical equipment supplying currently the end users of the oil and gas and petrochemical industry.
In parallel to these business opportunities, the 250 active projects actually in the Project Smart Explorer data base consolidate $711 billion capital expenditure to be invested by 171 end users.
This figure of $711 billion capital expenditure is the sum up of the individual capital expenditure of each one of the 250 active projects.
It means that these capital expenditures reflect the real money invested in the projects regardless of the other expenses in licenses, concessions, production remuneration fees, financial interests and so on for which no equipment will be bought.
Beside Majors, National Oil Companies are very active
The Major companies such as ExxonMobil, Chevron, BP, Shell, Total, ConocoPhillips are of course investing massively, mainly in upstream to renew their reserves and maintain their oil and gas production per year.
But the 171 end users involved in 250 projects, reflects the diversity of the companies leading joint venture in new projects and especially the national oil companies, such as ADNOC, CNOOC, KNPC, Oman Oil, Pemex, Petrobras, PetroChina, Petronas, PTTEP, Sabic, Saudi Aramco, Sinopec.
The agenda of these national oil companies is also different from the Majors.
The national oil companies, will also evaluate profitability and risks in the projects but the calculation will be made in considering a larger value chain including the added value at home on the downstream side.
In practice it means that projects driven by the national oil companies respect a long term strategy and are less sensitive to the global economical turbulence such as the barrel or gas prices, even less to the currencies fluctuations; they just go.
Many of these national oil companies have got now a buying power equivalent to the Majors and rely even more than the Majors on the competence and the expertise of their suppliers.
Catch low hanging fruits with Project Smart Explorer
In the context described above, big capital expenditure does not means automatically large business opportunities.
In opposite way many projects offer low hanging fruits that you can trace with Project Smart Explorer in selecting the:
– Countries (project locations or engineering companies countries)
– Companies (End users or Engineering companies)
Pay report for the only information you need
With Project Smart Explorer you can zoom on:
– One project
– One company
– One country
– One application
– One package (product or system)
You pay according to the only amount of opportunities you selected.
Then you can come back at any time needed to benefit from the up dates.
See Beyond and Move First