Expenditure on Oil & Gas infrastructure security to total $36.9bn in 2014

Tuesday 6 May 2014, Amsterdam

New analysis, available on ASDReports, indicates that expenditure on oil and gas infrastructure security will total $36.9bn in 2014, with the unconventional oil and gas boom, the expansion of the LNG infrastructure supply chain, continued offshore developments and the emergence of the digital oilfield all prime factors for new security solution spending.

There are myriad factors affecting the security environment in which oil and gas assets are developed and transited.  Current oil and gas infrastructure, future expansion plans, the present and evolving security situation and the perception of those responsible for infrastructure security all shape current and future spending.  Threat perception is particularly important for the IT asset security market; this is because many mid- and small-cap oil and gas companies continue to be unaware of the vulnerabilities inherent in the automation and control systems they are beginning to use on a daily basis.

The lead analyst for the report commented that ‘instability in some market spaces is currently on the increase – Nigeria, Libya, Iraq, Yemen – to name but a few examples, and this is increasing the security spend on onshore infrastructure security personnel.  The involvement of homeland security or military assets in the protection of oil and gas assets further drives up spending.  Add to this a growing awareness of cyber security threats and a strong consistent ~$100 a barrel oil price and you have the conditions in place for security expenditure expansion.’

The importance of oil and gas revenue – as a percentage of government revenue, and therefore power – creates a situation wherein the hydrocarbon assets are strategic targets for dissidents.  This consistently leads to a very significant focus on the security of oil and gas infrastructure at a level far above that of territories in which oil and gas is less correlated with the government’s power.

The comprehensive 324 page report includes 175 tables, charts, and graphs assesses the future prospects in 16 leading national markets and by 4 key submarkets providing the reader with a thorough assessment into the future business opportunities in the oil & gas infrastructure security market space. A company’s chapter profiles the 33 main providers of security solutions worldwide; from perimeter security, to personnel to cyber security solutions and to the provision of security in the offshore environment.  The most prominent and up-and-coming companies are detailed. Last of all, interviews with leading companies from within the oil and gas infrastructure security industry provide expert insight alongside the analysis.

The Oil & Gas Infrastructure Security Market Forecast 2014-2024: Prospects for Security Personnel and Cyber, Maritime & Perimeter Security Companies report will be of value to current and potential future stakeholders and/or investors in the oil and gas industry, as well as any entity seeking to supply security solutions to the industry going forward. It will also benefit companies, governmental departments and research centres that wish to broaden their knowledge and understanding of what factors and variables are of the most importance for determining expenditure on security solutions for oil and gas infrastructure.