Offshore logo
Increase in Ultra-deep installations
Posted 08.08.2012 09:18:03 av John Bradbury
Vis RSS feed
Send nyhet til en venn


And Petrobras will be on the investment top.


Infield Systems has released its latest edition of the Global Perspectives Subsea Market Report To 2016, and the future spells deeper and deeper waters:

-As operators face the dual challenge of sustaining their production levels in mature regions and effectively exploiting the uncapped reserves in growth areas, such as, West Africa, US Gulf of Mexico and Brazil, the potential for subsea capital expenditure throughout the forecast period has increased dramatically. To leverage against declining production, Operators are being forced to venture into remote and harsher locations. These projects require top tier equipment that can cost significantly more than the standard equivalent. Infield Systems estimate that ultra-deep installations will account for almost 25% of the annual tree market by 2016, according to Infield Systems.

Petrobras on top
The oil companies that lead the market are heavily involved in the booming Latin American and West African prospects. Petrobras is leading the board with an expected capital expenditure of US$18.9 billion over the 2012-2016 period.

-Important developments include the pilot projects in the Iara and Sapinhoa fields and a series of EWTs in Sapinhoa, Libra, Iara, Franco and Iguazu fields, according to Infield.

Latin America, particularly Brazil, has the potential to emerge as a major offshore energy frontier in the global oil market. Petrobras has begun to reveal reserve estimates for its pre-salt finds that stand to significantly increase Brazil’s total estimated level of reserves. 38% of the projected subsea Capex will be needed to develop the pre-salt projects, Infield predicts.

Mature fields

Other areas that could benefit from the use of advanced seabed technologies include: the mature fields of the North Sea and the US GoM, where a large number of small developments are expected to be tied back to existing platforms.

Infield Systems also expects that West Africa will be one of the key regions for implementing subsea processing because of its already extensive deepwater production, significant oil reserves and most importantly the geographical distribution of its fields that require multiple wells being tied-back to one central processing facility.

Total on top in Africa

In Africa, oil companies such as Total, BP, ExxonMobil, Chevron and Eni will try to take advantage of the area’s ample resources to leverage against the declining reserves from other mature areas. Total is leading the subsea bill with a projected US$8 billion of expenditure within the forecast period.

Expect boom in Australia
Australia is emerging as a major player in the global natural gas market due to the development of offshore natural gas and (onshore) coal bed methane (CBM) projects.

-Post 2013, a significant backlog of major projects is predicted to provide a boost to the market. More than 50% of the forecast subsea market is expected to relate to subsea tiebacks to a fixed, a floating or a terminal facility, Infield Systems write in the report.

Subsea Market Report To 2016
Prospects for manufacturers are also looking positive:

-Global subsea tree manufacturers’ utilisation rates are expected to increase to an average of 75% in the next 3 years, up from 49% in the 2009-2011 period, according to Infield Systems.

Advertisement
Latest news

FMC snares Julia deepwater order

Statoil and ExxonMobil have selected FMC Technologies for the supply of subsea equipment for the Julia field development in the US Gulf of Mexico.

[Les mer ] Contracts

Success in the North Sea

Premier Oil's interim statement today underlined the success it is enjoying in the North Sea and internationally.

[Les mer ] Field development

Greater Gabbard parties settle over quality concern

Offshore wind developers SSE and Fluor have settled a contract dispute over the turbine foundations used at the Greater Gabbard wind farm in the North Sea.

[Les mer ] Company news

Oil companies face price-fixing probe

Statoil is facing a price-fixing investigation by the Norwegian Competition Authority on behalf of the European Commission which is looking into anti-competitive agreements.

[Les mer ] Company news

New smooth riser for operator at Norne

Technip has bagged a deal to deliver new equipment for the Statoil-operated Norne field.

[Les mer ] Contracts

Data room opens for Petrel's Irish acreage

Another Irish explorer has opened a data room in a bid to attract partners to its acreage.

[Les mer ] Licensing

Profilerte stillingerAlle stillinger »
Profilerte selskapFra OffshoreX.no
Victor A/S Logo

Victor A/S

Victor A/S leverer services og løsninger til markederne energi, offshore og marine. Vi producerer og leverer EPCM løsninger i komplekse rørsystemer i alle metaller, plastik og fiberglas, tryksatte/ikke-tryksatte tanke, konstruktion af procesmoduler og konstruktion af køleløsninger til ethvert formål.

Se profil | offshorex.no
GOODTECH PROJECTS & SERVICES AS Logo

GOODTECH PROJECTS & SERVICES AS

Goodtech Projects & Services har 75 ansatte i Bergen og kompetanse innen automasjon, kraftsystemer, og integrerte operasjoner. Vi har partneravtale med Siemens og Aspentech. Vår viktigste kunde er Statoil og prosjekt er Prosess data portal (PDP).

Se profil | offshorex.no
WARTSILA NORWAY AS Logo

WARTSILA NORWAY AS

The company covers system competence within power generating and power distribution, and includes all activities from design and engineering to production of equipment. The company also supplies control systems for different types of industrial applications. We are a turn key supplier for offshore and maritime projects including concept, system engineering and electrical equipment.

Se profil | offshorex.no
KVALE ADVOKATFIRMA DA Logo

KVALE ADVOKATFIRMA DA

Kvale is a top tier business law firm and has shown consistent organic growth since the establishment in 1988. The firm advises on all aspects of business law. Oil and gas has throughout the firm's history been a vital part of our activities. We advise major oil companies and other participants in the petroleum sector, and are recognized for our excellent understanding of the oil and gas business.

Se profil | offshorex.no
STATOIL ASA Logo

STATOIL ASA

Statoil er et internasjonalt energiselskap med virksomhet i 34 land. Statoil anvender teknologi og nyskapende forretningsløsninger for å møte verdens energibehov på en ansvarlig måte.

Se profil | offshorex.no
GDF SUEZ E&P NORGE AS Logo

GDF SUEZ E&P NORGE AS

Vår organisasjon består av åtte avdelinger: Helse, Miljø, Sikkerhet og Kvalitet Personal og organisasjon Kommunikasjon Økonomi og administrasjon Gass og salg Ressurser Leting Drift

Se profil | offshorex.no
Tips oss
Telefon Bergen: 55 20 72 00
Telefon Stavanger: 51 56 42 82
Kontakt oss
Sentralbord: 55 20 72 00
Sentralbord: 51 56 42 80
Annonsere
Bergen: 55 20 72 00
Stavanger: 51 56 42 80
Ansvarlige
Sjefsredaktør: Helge Keilen
Redaktør: Stein Tjelta
OPPHAVSRETT
Alt innhold er opphavsrettslig beskyttet.