Research and Markets (http://www.researchandmarkets.com/research/6vcs27/global_subsea) has announced the addition of the "Global Subsea Production Market 2014-2018" report to their offering.
Subsea production is a type of oil extraction in which wellbores are drilled through the seabed. It is typically carried out for the extraction of petroleum products that lie in the rock formation beneath the seabed. The increasing demand for energy and the maturity of onshore resources are shifting the momentum toward subsea intervention. Subsea production systems allow the use of one strategically located platform to service numerous wellbores and, hence, in future, they will hold an advantageous position in terms of cost savings.
Rapid technological advancements are one of the major trends emerging in the market. Key market players are investing heavily toward improvement of technologies for offshore oil and gas exploration. Increased investment by market vendors provides the required fillip to the growth of the market.
According to the report, consumption of oil and gas worldwide has increased manifold and is one of the major driving factors of the market. Increased oil and gas consumption has compelled governments worldwide to shift their focus to offshore oil and gas reserves to increase their overall production.
Further, the report states that growth in environmental concerns related to subsea production could hamper the growth of the market in the coming years. Subsea production could increase the chances of oil spills and leakages, which could prove catastrophic for the marine ecosystem.
Key Vendors
- Aker Solutions
- Cameron
- Dril-Quip
- FMC Technologies
- GE Energy
Other Prominent Vendors
- National Oilwell Varco
- Oceaneering International
- Transocean Ltd.
- Vallourec
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Equipment
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/6vcs27/global_subsea
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Sector: Exploration
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