Exploration and manufacturing companies are investing greatly in offshore development projects. Most of the projects are beyond 190-250 meters water depths and to lift hydrocarbons to the surface, they use the subsea production and processing systems. Investment in subsea production and processing systems is expected to grow in the coming years because most of the oil and gas supply is from deep water levels.

1. GLOBAL INDUSTRY INSIGHT:
Subsea Production and Processing Systems Market Size, Share,
Development, Growth and Demand Forecast to 2020

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Global Subsea Production and Processing Systems Market Size,
Share, Development, Growth and Demand Forecast to 2020
The subsea production and processing systems market is growing due to high-investment and in producing
regions such as Africa, Latin America and Middle East. Offshore operations on a large scale in regions such as
Golden Triangle and Arctic consisting of offshore Brazil, Gulf of Mexico and offshore West Africa are acting as the
opportunities for the subsea production and processing systems market. It is expected that the brutal energy crisis
in the emerging countries of Asia Pacific such as China and India are expected to boost the subsea production
and processing market in the coming years.
Exploration and manufacturing companies are investing greatly in offshore development projects. Most of the
projects are beyond 190-250 meters water depths and to lift hydrocarbons to the surface, they use the subsea
production and processing systems. Investment in subsea production and processing systems is expected to
grow in the coming years because most of the oil and gas supply is from deep water levels.
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production-and-processing-systems-market
As oil & gas operators discovered reserves in deeper water regions where subsea development is extremely
necessary to make the recovery economically feasible, offshore oil & gas market had grown at a significant rate.
Consequently, the subsea production and processing systems is expected to be an important part for the future of
offshore oil & gas market to maintain and improve production. Subsea production systems, typical wells located in
deep water or on the sea floor is used to extract petroleum at the seabed and attach it back to an onshore facility.
Subsea processing system revolutionizes offshore oil and gas production by using subsea pumping and
separation technologies. When subsea processing systems are combined with subsea production systems, it can
enhance reservoir productivity, reduce development cost and improve reliability of subsea systems. The
development cost of the subsea production and processing system are much less than that of traditional methods.
On the basis of production system component type, the subsea production and processing system can be
categorized as subsea trees, subsea umbilicals, risers and flowlines (SURF), subsea manifolds, and control
modules.The subsea production and processing system market can be categorized on the basis of processing
system technology as subsea separation, subsea injection, subsea boosting, and subsea compression.
Oil and gas production, subsea infrastructure market growth, and continuous rise in global deep water drilling
activities are some of the factors driving growth of the subsea production and processing system market. Maturity
of onshore oil and gas fields and increasing need to satisfy the increasing energy demand is expected to improve
the growth of the subsea production and processing system market.
Some of the factors restraining growth of the subsea production and processing system market are lack of
technical expertise, and high installation and operational risks.

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Global Subsea Production and Processing Systems Market Size,
Share, Development, Growth and Demand Forecast to 2020
Existing and proposed projects in the subsea production and processing systems market has grown in the last
few years. As a result of the timing of the contracts, several projects have gone ahead regardless of the pressures
on the supply chain, global economic downturn, and oil price volatility. Operators involved in the technology are
major oil operators such as Total and Shell, and partly nationalized companies such as Statoil and Petrobras.
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Some of the major competitors in the subsea production and processing market are Transocean Ltd., General
Electric Co., Oceaneering International Inc., Kongsberg Oil & Gas Technologies As, National Oilwell Varco,
Magnum Subsea Systems Pte Ltd., Helix Energy Solutions Group Inc., and Dril-Quip Inc among others.
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