openPR Logo
Press release

Subsea Production and Processing System- Global Industry Analysis 2020

02-08-2017 10:43 PM CET | Energy & Environment

Press release from: Transparency Market Research

Subsea Production and Processing System- Global Industry

The subsea environment is perhaps the most unexplored segment on earth. The isolation of subsea wells coupled with a complex interaction between ocean environment and subsea wells make monitoring, intervention and routine operation much complex. These systems are now being deployed in many fields to overcome the hurdles occurring at the time of production. One of the driving forces behind subsea production systems is the drastic reduction in development costs when compared with the traditional methods. In most cases, the use of a subsea tieback is the only option to develop these resources.

With the rapid growth of subsea fields once thought to be less profitable due to the harsh conditions and huge expenses involved in the exploitation of the available resources, many companies are using subsea processing technology as one of the main methods of reducing operational expenditures. Traditional offshore development is mainly focused on the construction of fixed leg platforms in the shallow water. In deep waters, the emphasis has been on the use of floating production systems to existing production platforms.

Get PDF Brochure for more Professional and Technical insights :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3058

However, with the applications of new methods industry is looking forward to new concepts like subsea processing. As opposed to the conventional method of processing reservoir fluids at process station, subsea processing holds promise in that, all the processing activities is carried out at the seafloor itself. Thus less cost is incurred and also it improves recovery factors from the reservoir. Other advantages comprise lesser susceptibility to hydrate formation and at lower operating expenditure.

Subsea processing facilities holds the potential to off load equipment to the seafloor. This provides for a reduction in platform deck load requirements thereby reducing the backpressure imposed by the production riser. Subsea processing process can take place in numerous forms, comprising boosting scenarios and subsea separation. Strategic technologies that are essential for the successful implementation of subsea processing include compact separation, multiphase pumping and multiphase metering which varies in all the stages of maturity.

Multiphase pumps are used in conjunction with the other types of subsea processing schemes. Wet gas compressor or a multiphase pump represents the best choice for the gas stream. If no gas stream is left to flow under its own pressure, a multiphase pump or wet gas compressor can boost the pressure of the gas stream even when it contains some amount of liquid by volume.

Cost of intervention in subsea wells is extremely high and has limited efforts to monitor wells. In general, pressure boosting at the seafloor is generally preferred rather than artificial lift in the wellbore due to the lower cost of intervention. Increasing flexibility using intelligent well technology is also seen as an alternative to well intervention.

Emerging economies and growing population are some of the key drivers of the subsea production and processing systems market. However, integration of new technology with the existing technology can hinder the growth of the market. Ample amount of opportunities are there for subsea production and processing system market as demand for energy is increasing at a healthy rate especially in Asia Pacific countries such as India and China.

Some of the key players in the subsea production and processing system market include FMC Technologies, Aker Solutions, GE Energy, Schlumberger Limited, Weatherford International, and Baker Hughes Inc. among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World

This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Subsea Production and Processing System- Global Industry Analysis 2020 here

News-ID: 432608 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for Subsea

Subsea Market Set for Strong Growth USD 20.2Bn by 2031 | One Subsea, Balmoral Of …
The Global Subsea Market reached USD 17 billion in 2022 and is expected to reach USD 20.2 billion by 2031 growing with a CAGR of 2.2% during the forecast period (2024-2031). The Subsea Market Report by DataM Intelligence delivers comprehensive insights into key market trends, growth drivers, and emerging challenges. With a focus on providing actionable intelligence, DataM Intelligence enables businesses to make informed strategic decisions and maintain a competitive edge.
Subsea Market | Advancing Offshore Energy Infrastructure & Technologies | Most K …
The Global Subsea Market reached USD 17 billion in 2022 and is expected to reach USD 20.2 billion by 2031 growing with a CAGR of 2.2% during the forecast period (2024-2031). The Subsea Market receives exhaustive analysis from DataM Intelligence, delivering stakeholders essential market data, emerging industry patterns, and strategic business intelligence. This in-depth research explores the competitive landscape in detail, evaluating market leaders across multiple dimensions including their innovative product
Global Subsea Industry Outlook: Growth to USD 20.2 Billion by 2031 | TechnipFMC …
Latest Market Study On Subsea Industry The Global Subsea Market reached USD 17 billion in 2022 and is expected to reach USD 20.2 billion by 2031 growing with a CAGR of 2.2% during the forecast period (2024-2031). Subsea Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and
Subsea Inspection Services Market Booming Worldwide from 2023 to 2030 |Subsea Gl …
Worldwide Market Reports announces the publication of its most recently generated research report titled, "Subsea Inspection Services Market - Forecast to 2030", which offers a holistic view of the Subsea Inspection Services market through systematic segmentation that covers every aspect of the target market. Subsea Inspection Services with 100+ market data Tables, Pie Chat, Graphs, and Figures spread through Pages and easy-to-understand detailed analysis. The information is gathered based on
Subsea System Market Report to 2028 - Industry Analysis, Size, Share, Trends and …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The Global Subsea System Market research contains a detailed examination of major geographical trends, market dynamics, and global market size estimates for the market industry. The Global Subsea System market has many participants, each with their own product description, classification, and industrial structure. The market research includes numbers from the previous time, as well as the future term and % CAGR evaluated for each segment and geographic
Global Subsea Systems Market 2018 - Subsea 7, Technip, GE Oil Gas
Apex Market Research, recently published a detailed market research study focused on the "Subsea Systems Market" across the global, regional and country level. The report provides 360° analysis of "Subsea Systems Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Subsea Systems industry, and estimates the future trend of Subsea Systems market