Offshore staff
(UK)- Energy data analysts Infield Systems Ltd. has released its Global Perspectives Subsea Market Update Report for 2006-2010.
The 3rd edition of the report forecasts that approximately $68 billion will be spent over the next five years in the global subsea market. A significant part of this investment will be funneled into several floating production developments off the coasts of Nigeria and Angola.
Other major investment hotspots include offshore Brazil, the GoM and other West Africa projects. A new cycle of growth is also expected in the Asia/Australasia region.
The report also projects that during the period 2006-2010, the number of subsea satellite wells, separation units and manifolds will all increase significantly from pre-2006 levels. The number of subsea satellite wells will increase by 13%, from 2,067 to 2,349, and over 120 new manifolds will come onstream, representing a 32% increase. The number of subsea separation units is expected to triple to a total of three.
For information on the updated report, email [email protected].
07/10/2006
