Frost & Sullivan white paper analyzes the convergence of
novel repair and service models with a focus on offshore structure
inspection, compliance and rehabilitation
MOUNTAIN VIEW, Calif.,
April 25, 2012 /PRNewswire-Asia/ --
The oil and gas industry continues to accelerate, carrying memories
and repercussions of the recent past within this progressive
momentum. Organizations are compelled to face and address issues
head-on to avoid catastrophic reoccurrences that could quickly
become a reality without adequate and preventative mechanisms in
place. This drive toward reliability and safety in turn accelerates
technological R&D efforts toward cost efficiency and
interoperability due to the increasing restraints evolving in the
marketplace. Frost & Sullivan anticipates an industry focus on
maturing outsourcing models, with fewer vendors and a
solution-oriented approach.
Frost & Sullivan( http://www.frost.com )'s white paper,
Technology and Service Integration Impacts the Offshore Service
Industry, reviews the opportunities and challenges of offshore
operators in the United States.
The analysis deliberates on the virtues of new outsourcing trends
as offshore operators shift from prevailing, fragmented outsourcing
practices to one-stop solutions that help combat the rising costs
of maintenance and new regulatory regimes. Inspection, maintenance
and rehabilitation of offshore structures form a significant part
of the operational expenditure of offshore operators and are some
of the key areas where additional efficiencies can be derived
through evolving current outsourcing practices.
"In this new environment, offshore operators are expected to
seek a solution-oriented approach to their maintenance and
compliance related requirements," said Frost & Sullivan Senior
Consultant Chirag Rathi. "This development is likely to augur well
with the vendors that differentiate themselves with the right blend
of synthesized solutions and all-in-one offerings."
Frost & Sullivan believes the current need of the market is
to complement existing strengths with other interconnected service
offerings to present a one-stop solution for operators.
Furthermore, amalgamating resources and aligning partnerships are
durable recommendations in building a fortuitous future in the
offshore services market. Energy Services, a Houston-based service provider to North
American energy asset owners and operators, serves as a case study
in this white paper. Through the organization's strategic
alliances, technologies and services are joined to marry proactive
(such as inspection, detection and compliance) and reactive (such
as maintenance, repair and continuous conformance) offerings to
become a turnkey solution provider for the industry.
"We viewed the offshore energy industry with the concept of
aligning our growth goals with emerging technologies and vendors,
within the mounting regulatory conditions," said Energy Services
Chairman, President and Chief Executive Officer Tim Nesler. "Placing our organization in the
path of strategic partnerships and comprehensive delivery models
enables us to continuously differentiate ourselves in the crowded
offshore services market."
Energy Services has partnered with HydraTech Engineered
Products, architect of the HydraWrap, a submerged pipeline repair
system that utilizes carbon fiber reinforced polymer (CFRP)
composite that offers verified underwater endurance, which exceeds
the stability of the original pipeline infrastructure. Energy
Services has also aligned with Marine Exploration Services. This
organization's Nova Ray(R) remotely operated vehicle (ROV) is able
to independently navigate, maintain positioning, or tow behind a
watercraft, with ease-of-use features that do not require anchor
deployment in rough or calm waters. This tool also allows for
shortened inspection times and reduced surface support versus
traditional ROVs, significantly decreasing the need for manual
inspection.
Additionally, an essential aspect shaping offshore activities is
compliance, which has become a central feature under new regulatory
stipulations. Despite this, there are not many maintenance
companies with an extensive legislative background currently
serving the offshore market in the U.S. The industry needs
consolidation of interconnected yet disparate services, such as
inspection, maintenance and detection, within the offerings of a
single, integrated organization.
To meet these regulatory needs, Energy Services formed a joint
venture with RECES, LLC, resulting in Enviance Services LLC, the
final partnership highlighted in this white paper. This
organization provides the instrumental lynchpin between offshore
maintenance and compliance, with in-field safety and environmental
consulting services. Enviance Services provides compliance advice
as well as recommendations and corrective mechanisms to mitigate
non-compliance. Through this specialized supervision, in addition
to the utilization of HydraWrap and the Nova Ray ROV, regulatory
accordance is maintained while preventative measures are in place
to ensure safety and cost efficiency.
If you are interested in receiving a copy of Frost &
Sullivan's Technology and Service Integration Impacts the Offshore
Service Industry white paper, please contact Buzz White, Executive
Vice President, Energy Services at buzz.white@goto-es.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables
clients to accelerate growth and achieve best-in-class positions in
growth, innovation and leadership. The company's Growth Partnership
Service provides the CEO and the CEO's Growth Team with disciplined
research and best-practice models to drive the generation,
evaluation, and implementation of powerful growth strategies. Frost
& Sullivan leverages 50 years of experience in partnering with
Global 1000 companies, emerging businesses and the investment
community from more than 40 offices on six continents. To join our
Growth Partnership, please visit http://www.frost.com.
About Energy Services
Energy Services Acquisitions II, Inc. ("Energy Services") is a
privately owned North American services company based in
Houston, TX. Energy Services
delivers a broad range of inspection, maintenance, rehabilitation,
project, and compliance services to owners and operators of energy
assets in North America, with most
of our present activity focused in the major oil and natural gas
producing areas in the southwest United
States, primarily in Texas
and the Gulf of Mexico. Our
customers include pipeline owners and operators in North America as well as major integrated
energy companies, independent oil and gas exploration and
production companies and petrochemical companies.
Contacts:
Britni Myers
Corporate Communications -- North
America
Frost & Sullivan
P: +1-210-477-8481
F: +1-210-348-1003
britni.myers@frost.com
http://www.frost.com
Sumner W. (Buzz) White
Executive Vice President
Energy Services
P: +1-832-341-9389
buzz.white@goto-es.com
http://www.goto-es.com
SOURCE Frost & Sullivan