Offshore oil seismic exploration market and its business model

Constantly going up of world-wide oil price currently drives oil company increasing exploration investment, leading the global offshore seismic exploration market to appear a picture of prosperity. However, the period of offshore seismic exploration market is strong and very fragile, and its operational capacity will tend to saturation along with some new-building and refitting seismic vessels entering the market. So, offshore oil seismic exploration contractors should be prepared for danger in times of safety and get ready for coping with depressing market; the national oil company becomes stronger and stronger in the tide of energy nationalization and is major client of offshore oil seismic exploration contractor. The future offshore oil seismic exploration industry will be faced with the issue of talent shortage and competition. The paper also summarized the business model of offshore oil seismic exploration contractors abroad from assets operation, capital operation and strategy alliance.