New order for offshore drilling rig and production facilities would steadily be placed in 2012.
Analyst Kwak Min-Jung, BS Securities said on 16 January, "Major energy exploration and production companies would expand deep-sea production investment for 2012 to $600bn, up by 10% on 2011, due to high oil price and increase in gas price.
If oil prices additionally rise, the investment would be bigger."
Therefore, "Demand for LNG carrier, drillship, offshore platform, such as FPSO, FSRU, offshore production facilities, etc., seems to be stable this year."
Also, as new order for offshore facilities prefer project financing to ship financing, Eurozone financial crisis would not be a big problem.
BS' Kwag said, "South Korean Big three's new order proportion for offshore sector in 2012 would jump to 71% from 57% in 2011. Hyundai Heavy Industries, Samsung HI and Daewoo Shipbuilding & Marine Engineering with competitiveness in offshore drilling and production facilities, are attractive in mid-to-long term."