Surface Systems & Vessels
HOUSTON -- Deepwater oil production is one of the fastest growing sources of oil production, according to Will Rowley, director of analytical services for Infield Systems, who spoke today at the Deep Offshore Technology International 2008 conference in Houston. "Deepwater is not an embryonic sector, it's more of a teenager.
"Deepwater has grown and changed significantly in the past 20 years, becoming more diverse," Rowley added. "Seventy percent of current subsea boosting and separation projects under consideration through 2013 are in deepwater."
Infield said in the past five years, 49 platforms have been built and 700 subsea wells, along with thousands of kilometers of pipelines and control lines, equaling over $66 billion in development expenditures. The company forecasts platforms to increase to 72 in the next five years, while subsea wells should grow to 1,500, and pipelines and control lines should nearly double.