Subsea Manifolds Market 2018 –Global Industry Analysis, Demand, Consumption and Opportunity Forecast To 2023

Market Overview:-

The subsea manifold market is driven by facts such as the increasing number of offshore oil discoveries, more multi-well templates in the subsea beds and, harsher geography drilling in offshore basins. In 2017, out of ten new oil discoveries, five were done in deep-water environment. The geography of the subsea beds is harsher than of onshore. Thus it requires superior infrastructure. The types of subsea manifolds which include template manifold, cluster manifold and pipeline end manifold are designed to withstand tough and ultra-deep conditions. However, the lower crude oil prices are hampering the market for subsea manifolds.

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Manifolds are connecting systems that are elementary units for infrastructure in the deep sea oil production projects. Subsea infrastructures require manifolds for connecting wells to pipelines and risers, onwards to reach floaters, platforms and other facilities. The application of manifolds lies in merging the flow from the multi-well template and transferring the flow to production flowlines and for managing the distribution of injected water, gas, and chemicals. Any field that is under development process to produce oil from the subsea beds provide the market for subsea manifolds. Manifolds are amongst the greatest cost-effective and operation efficient systems of the development of oil fields while diminishing the demand for subsea pipelines and risers. Subsea manifolds are designed to combine, distribute, control and monitor the flow of fluids from the wells. The subsea manifolds are installed in the deep sea beds by either conventional methods, which involve installation by cables and drilling risers or non-conventional methods including the sheave installation method and pendulous installation method.

Top Key Players:-

The key players of global subsea manifold markets are ABB (Switzerland), Aker Solutions ASA (Norway), Baker Hughes Incorporated (U.S), TechnipFMC Technologies Inc. (U.S.), General Electric (U.S.), and ITT Bornemann GmbH (Germany). One Subsea (U.S.), Subsea 7 S.A. (U.K.), Schlumberger (U.S.), Halliburton (U.S.), Siemens AG (Germany), and Drill Quip (U.S.) are among others.

Market Segmentation:-

Global Subsea Manifolds market has been segmented on the basis of products, application and regions. Based on the products, the market is further classified as template manifold, cluster manifold, and pipeline end manifold. Among this classification, cluster manifold segment is expected to dominate the market for subsea manifolds. Cluster manifold are superior than template manifolds as they provide flexibility for segregation of wells, can include chemical injection, unlike the typical manifolds, and allow the re-use of exploration wells. On the basis of application, the market is segmented as production and injection. Among these segments the injection application can additionally be categorized as gas injection, water injection and chemical injection. Geography-wise, the market is segmented into the four regions of North America, AsiaPacific, Europe and Rest of world.

Subsea manifold industry is anticipated to have sharp rise in advancements with respect to technology over the forecast period owing to the continuous developments in the oil industry along with increasing number of projects in the offshore location. Moreover, the market is expected to experience high expansion activities by major players by virtue of focus for offshore field development infrastructure.

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Industry News:-

In December, 2017 – Aker Solutions won orders from Aker BP for the Skogul and Valhall Flank West oil fields offshore Norway. The company will deliver two subsea manifolds, a controls system and umbilicals for Skogul, which will be tied back to the North Sea Alvheim field. It will also provide umbilicals and detailed engineering of the topside for a normally unmanned installation (NUI) for Valhall Flank West, which will be tied back to the Valhall field center.

In September, 2017 – Baker Hughes, a GE company (NYSE: BHGE) announced a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast. The project underscores the company’s position as the world’s first and only integrated fullstream provider of cutting-edge subsea technology, products, services and digital solutions.

In April, 2017 – Aibel has secured a contract from TechnipFMC to supply a subsea manifold and structure for an integrated foundation for Oda field in the Norwegian North Sea.

In October, 2016 – Aker Solutions secured two contracts worth at least NOK 900 million from DEA Norge to deliver the subsea production system, maintenance and services at the Dvalin natural gas development offshore Norway.



Global Subsea Manifold MarketAnalysis:-

The global subsea manifold market is anticipated to witness remarkable growth during the forecast period. Europe region is expected to dominate the market with the largest market share in the forecast period. In April 2018, Norwegian oil major Statoil started the installation of the first topside for the Johan Sverdrup field development offshore Norway. A higher number of projects in the deep locations in North Sea, are likely to enhance the market for subsea manifolds. North America region is likely to follow the market share with discoveries in the Gulf of Mexico. In 2018, W&T Offshore Inc. and GE’s Baker Hughes has signed a strategic partnership for W&T’s exploration and development plan in the Gulf of Mexico. A higher number of projects are also coming from Mediterranean Sea region from Africa, which will drive the market for subsea manifold in the Africa region.

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