London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Subsea Production Market 2014-2018.
Subsea production is a type of oil extraction that allows the use of one strategically located platform to service numerous well areas. It holds an advantage in terms of cost savings, when offshore production costs surge. The Global Subsea Production Market is expected to grow at a CAGR of 5.6 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the consumption of oil and gas worldwide that has compelled governments to shift their focus to offshore oil and gas reserves, so as to increase overall production.
The report also emphasizes tremendous technological advancements like more advanced subsea oil, sand separation units, multi-well-pad drilling, supercomputing and 4D imaging to find sweet spots, multiphase pumps and wellhead systems.
“The advancements have enabled companies to produce hydrocarbons in the most challenging of environments. Other technological advancements like unlocking the potential of offshore oil and gas, development and determination of reserves and well log interpretation is expected to propel the market in the coming years,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Global Oil and Gas Consumption
- For a full detailed list, view our report.
Market Challenges:
- Increase in Environmental Concerns
- For a full detailed list, view our report.
Market Trends:
- Rapid Technological Advancements
- For a full detailed list, view our report.
Key Vendors:
- Aker Solutions
- Cameron
- Dril-Quip
- FMC Technologies
- GE Energy
Other Prominent Vendors:
- National Oilwell Varco
- Oceaneering International
- Transocean
- Vallourec
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
