Douglas-Westwood Launches World Subsea Hardware Market Report (UK)

The world market for subsea hardware is set for strong growth over the forecast period to 2015, increasing by 23% compared to 2006-2010. Douglas-Westwood projections for global Capex for the period total $139 billion.

Fields are being developed in deeper waters, from increasingly-remote locations and in extreme metocean conditions. Smaller, more widely scattered reserves, which were in the past uneconomic or too technologically challenging to develop, are now benefiting from higher oil prices and more advanced subsea hardware solutions.

The World Subsea Hardware Market Report is an excellent source of information for those seeking a timely update on this dynamic and changing industry.

Detailed analysis

The World Subsea Hardware Market Report provides a detailed analysis by region and subsea component (trees, control systems, manifolds & templates, jumpers & flying leads, umbilicals, risers, flowlines, trunklines, seabed boosting, compression, separation and metering).

The report presents analysis driven by identified fields/prospects in the Douglas-Westwood subsea database. Historic and forecast component and expenditure breakdowns are included for Africa, Asia, Australasia, Eastern Europe & FSU, Latin America, Middle East, North America, Norway, UK and Rest of Western Europe. Key prospects and projects within each of the geographies are discussed. Detailed case studies highlight various aspects and technologies in production or planned for subsea production and processing.

Subsea hardware market

The volume and value of subsea production and processing equipment installed is shown for the period 2006-2010 and forecast 2011-2015. A proprietary model has been developed for this study in collaboration with the leading subsea hardware providers. Field-data, contract values and project-by-project scrutiny allows a ‘bottom-up’ consideration of the market for a highly-detailed forecast.

During the forecast period, export lines account for over half of all expenditure, dominated by Eastern Europe, Asia and the Middle East which have a number of large subsea pipeline projects planned. Production expenditure is concentrated in West Africa, Brazil and the US Gulf of Mexico due to strong deepwater sectors. Seabed processing expenditure is expected to grow as the industry becomes more comfortable with the technology.

The World Subsea Hardware Market Report 2011-2015 is aimed at the needs of senior executives and assumes no previous reader knowledge of the subject area. It offers an explanation of the key concepts and terms, and explains some of the recent trends and themes in play in the market including supply-side constraints, cost inflation and financing issues within the subsea equipment sector.

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Source: dw ,February 23, 2011;