Abstract
A new report
The world market for subsea hardware is set for strong growth over the
forecast period to 2015, increasing by 23% compared to 2006-2010.
Douglas-Westwood projections for global Capex for the period total $139
billion. Fields are being developed in deeper waters, from increasingly-remote
locations and in extreme metocean conditions. Smaller, more widely scattered
reserves, which were in the past uneconomic or too technologically challenging
to develop, are now benefiting from higher oil prices and more advanced subsea
hardware solutions.
The World Subsea Hardware Market Report is an excellent source of information
for those seeking a timely update on this dynamic and changing industry.
Detailed analysis
The World Subsea Hardware Market Report provides a detailed analysis by region
and subsea component (trees, control systems, manifolds & templates, jumpers &
flying leads, umbilicals, risers, flowlines, trunklines, seabed boosting,
compression, separation and metering).
The report presents analysis driven by identified fields/prospects in the
Douglas-Westwood subsea database. Historic and forecast component and
expenditure breakdowns are included for Africa, Asia, Australasia, Eastern
Europe & FSU, Latin America, Middle East, North America, Norway, UK and Rest
of Western Europe. Key prospects and projects within each of the geographies
are discussed. Detailed case studies highlight various aspects and
technologies in production or planned for subsea production and processing.
Subsea hardware market
The volume and value of subsea production and processing equipment installed
is shown for the period 2006-2010 and forecast 2011-2015. A proprietary model
has been developed for this study in collaboration with the leading subsea
hardware providers. Field-data, contract values and project-by-project
scrutiny allows a ' bottom-up' consideration of the market for a
highly-detailed forecast.
During the forecast period, export lines account for over half of all
expenditure, dominated by Eastern Europe, Asia and the Middle East which have
a number of large subsea pipeline projects planned. Production expenditure is
concentrated in West Africa, Brazil and the US Gulf of Mexico due to strong
deepwater sectors. Seabed processing expenditure is expected to grow as the
industry becomes more comfortable with the technology.
The World Subsea Hardware Market Report 2011-2015 is aimed at the needs of
senior executives and assumes no previous reader knowledge of the subject
area. It offers an explanation of the key concepts and terms, and explains
some of the recent trends and themes in play in the market including
supply-side constraints, cost inflation and financing issues within the subsea
equipment sector.
Document Contents
Executive Summary & Conclusions - Overview of key report findings and
underlying drivers.
Why Subsea? - Primary and secondary drivers for subsea field
development.
Subsea Trends and Themes - Sector and market trends & themes.
Subsea Production and Processing - Infrastructure functions, subsea
field development, why use subsea production and processing, development of
the subsea sector.
Subsea Production Hardware - Hardware market analysis by component,
technology overview covering Xmas trees, control systems, manifolds &
templates, flying leads and jumpers.
Subsea Umbilicals, Risers and Flowlines (SURF) - SURF market analysis
by component, technology overview covering umbilicals (steel & thermoplastic),
risers and flowlines (rigid & flexible).
Subsea Pipelines - Pipeline market analysis, definitions and
technology overview covering rigid and flexible pipe and design issues
associated with water depth.
Subsea Processing Hardware - Market analysis by component, technology
overview covering subsea pumping & compression, subsea separation, subsea
multiphase flow measurement.
Case Studies - Pazflor (Angola), Asgard (Norway), Ormen Lange
(Norway), Perdido (GoM), Marlim (Brazil), Laggan Tormore (UK), KF5 (The
Netherlands), CLOV (Angola).
The Subsea Hardware Market Forecast - The forecasting process,
hardware assumptions, the world subsea market by component and by region:
Africa, Asia, Australasia, FSU & Eastern Europe, Latin American, Middle East,
North America, Norway, United Kingdom, Rest of Western Europe.
Appendix - Current operators' opinion towards new subsea technology
and subsea processing, selection criteria for subsea processing, opinions of
the future, trends in operator opinions.
Table of Contents
1 Executive Summary & Conclusions
- 1.1 Introduction
- 1.2 Subsea Drivers, Trends and Themes
- 1.3 Market Forecast
- 1.4 Conclusions
2 Why Subsea?
- 2.1 Primary Drivers for Subsea Field Development
- 2.2 Secondary Drivers
3 Subsea Trends and Themes
4 Subsea Production and Processing
- 4.1 Production Options
- 4.2 Subsea Production
- 4.3 Subsea Processing
- 4.4 Development of the Subsea Sector
5 Subsea Production Hardware
- 5.1 The Production Hardware Market
- 5.2 Introduction
- 5.3 Subsea Trees
- 5.4 Control and Monitoring Systems
- 5.5 Templates and Manifolds
- 5.6 Jumpers & Flying Leads
6 Subsea Umbilicals, Risers and Flowlines (SURF)
- 6.1 SURF Hardware Market
- 6.2 Introduction
- 6.3 Umbilicals
- 6.4 Risers
- 6.5 Flowlines
7 Subsea Pipelines
- 7.1 Subsea Pipeline Market
- 7.2 Pipeline Definitions
- 7.3 Pipelines
8 Subsea Processing Hardware
- 8.1 Subsea Processing Market
- 8.2 Subsea Pumping & Compression
- 8.3 Subsea Separation
- 8.4 Subsea Multiphase Flow Measurement
9 Case Studies
- 9.1 Pazflor
- 9.2 Asgard
- 9.3 Ormen Lange
- 9.4 Perdido
- 9.5 Marlim
- 9.6 Laggan Tormore
- 9.7 K5F
- 9.8 CLOV
10 The Subsea Hardware Market Forecast
- 10.1 Introduction
- 10.2 The Forecasting Process
- 10.3 The Potential for Upside
- 10.4 Hardware Assumptions
- 10.5 Expenditure Forecasts
- 10.6 The World Subsea Hardware Market - By Region
- 10.7 Subsea Market - By Component
- 10.8 Africa
- 10.9 Asia
- 10.10 Australasia
- 10.11 Eastern Europe & FSU
- 10.12 Latin America
- 10.13 Middle East
- 10.14 North America
- 10.15 Norway
- 10.16 Rest of Western Europe
- 10.17 United Kingdom
11 Appendix
- 11.1 Operator Consultation - Subsea Processing
- 11.2 Current Operators Opinions towards New Subsea Technology and Subsea
Processing
- 11.3 Barriers to the Uptake of Subsea Processing
- 11.4 Selection Criteria for subsea processing
- 11.5 Opinions of the Future
- 11.6 Trends in Operator Opinions
Figures
- Figure 1: Global - Subsea Capex by Region
- Figure 2: Primary energy consumption by region
- Figure 3: Global Oil Supply 1930-2025
- Figure 4: Annual WTI Spot Oil Price Forecasts
- Figure 5: Henry Hub Natural Gas Prices: Actual and Forecast
- Figure 6: Annual Drilling Records since 1950
- Figure 7: Independence Hub Operated by Anadarko in Gulf of Mexico
- Figure 8: ' Big 10' Annual Crude Oil Production - mbbl/d
- Figure 9: Deepwater Capex by Operator 2010-2020 (Estimated)
- Figure 10: Financing of FPSOs - Project Awards in 2009
- Figure 11: Upstream Cost Index 2000-2010
- Figure 12: Visible Subsea Production and Processing System Orders
- Figure 13: Visible Subsea Production and Processing System Backlog
- Figure 14: Offshore Production Systems
- Figure 15: Subsea layout of the Reliance field
- Figure 16: Effect of subsea boosting on production
- Figure 17: Effect of boosting on production
- Figure 18: Hydrate formation curve
- Figure 19: Subsea Completions 2002-2015
- Figure 20: Global - Subsea Production Hardware Capex by Component
- Figure 21: Typical Layout of a Subsea Field
- Figure 23: VetcoGray S-Series SVXT Subsea Tree at �gOffshore Europe�h
- Figure 25: Deepwater Vertical Xmas Tree
- Figure 24: Typical Subsea Control System
- Figure 25: BOP Umbilical reel with push-button disconnect
- Figure 26: Cameron BOP
- Figure 27: Wellheads and Manifolds on the Dalia field
- Figure 28: Seabed Manifold with survey instrument package (bottom left)
- Figure 29: Tie-in jumper for the Dalia field, Angola
- Figure 30: Global - SURF Hardware Capex by Component
- Figure 31: Typical Layout of a Subsea Field
- Figure 32: Cross Section of DUCO Umbilical
- Figure 36: Current Flexible Pipe Capabilities
- Figure 34: The Single Line Offset Riser Concept
- Figure 35: Global - Subsea Pipeline Hardware Capex
- Figure 36: Layout of BPs Skarv Development
- Figure 37: Flexible Pipe Water Depth Limitations
- Figure 38: Global - Subsea Processing Hardware Capex by Component
- Figure 39: Subsea Production Infrastructure for Pazflor' s Miocene
Reservoirs
- Figure 41: Asgard Subsea System Diagram
- Figure 43: Subsea Gas Compressor
- Figure 42: Ormen Lange Field Development
- Figure 43: Ormen Lange Separation Module (left) and Compression Module
- Figure 44: Perdido Spar during Transit
- Figure 45: Marlim Subsea Separation System
- Figure 46: Subsea Cover for the K5 Subsea Equipment
- Figure 47: All-electric Christmas Tree for the K5 project
- Figure 48: Subsea Tree Installations - High, Medium & Low Case
- Figure 49: Medium Case - Subsea Tree Installations by Category
- Figure 50: Global - Subsea Capex by Region
- Figure 51: Global - Subsea Capex by Water Depth
- Figure 52: Global - Capex by Component
- Figure 53: Africa - Subsea Capex by Component
- Figure 54: Africa - Subsea Capex by Water Depth
- Figure 55: Asia - Capex by Component
- Figure 56: Asia - Subsea Capex by Water Depth
- Figure 57: Australasia - Capex by Component
- Figure 58: Australasia - Subsea Capex by Water Depth
- Figure 59: Eastern Europe & FSU - Capex by Component
- Figure 60: EE & FSU - Subsea Capex by Water Depth
- Figure 61: Latin America - Capex by Component
- Figure 62: Latin America - Subsea Capex by Water Depth
- Figure 63: Middle East - Capex by Component
- Figure 64: Middle East - Subsea Capex by Water Depth
- Figure 65: North America - Subsea Capex by Component
- Figure 66: North America - Subsea Capex by Water Depth
- Figure 67: Norway - Subsea Capex by Component
- Figure 68: Norway - Subsea Capex by Water Depth
- Figure 69: Rest of Western Europe - Capex by Component
- Figure 70: RoWE - Subsea Capex by Water Depth
- Figure 71: UK - Capex by Component
- Figure 72: UK - Subsea Capex by Water Depth
- Figure 73: Benefits of Subsea Processing - Overview
- Figure 74: Benefits of Subsea Processing - Increased production
- Figure 75: Benefits of Subsea Processing - Easier development of remote
and complex fields
- Figure 76: Benefits of Subsea Processing - Topside operations
- Figure 77: Benefits of Subsea Processing - Operational improvements
- Figure 78: Barriers to the uptake of subsea processing - Overview
- Figure 79: Barriers to the uptake of subsea processing - Operators
barriers
- Figure 80: Barriers to the uptake of subsea processing - Technology and
commercial barriers
- Figure 81: Barriers to the uptake of subsea processing - Cost
- Figure 82: Required technology improvements
- Figure 83: Enabling technologies
- Figure 84: Perceptions of technology readiness
- Figure 85: Boosting v. Separation
- Figure 86: Subsea Processing Selection Criteria
- Figure 87: Expected time to Installation of next Subsea Processing System
- Figure 88: Geographical Importance of Future Developments
- Figure 89: Expected Time Lag between Trial and Widespread Application
- Figure 90: Expected subsea processing in 10 years - 2003, 2006, 2008 and
2010 surveys
- Figure 91: Changes to perceived benefits of Subsea Processing - 2000 to
2010
- Figure 92: Field Factors that encourage the Uptake - 2000 to 2010
- Figure 93: Barriers to Uptake - 2003 to 2010
- Figure 94: Enabling Technologies - 2003 to 2010
Tables
- Table 1: Global - Subsea Capex by Region
- Table 2: Africa - Subsea Components
- Table 3: Asia - Subsea Components
- Table 4: Australasia - Subsea Components
- Table 5: EE & FSU - Subsea Components
- Table 6: Latin America - Subsea Components
- Table 7: Middle East - Subsea Components
- Table 8: North America - Subsea Components
- Table 9: Norway - Subsea Components
- Table 10: RoWE - Subsea Components
- Table 11: UK - Subsea Components
