Global Subsea Artificial Lift Systems Market 2017-2021 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Subsea Artificial Lift Systems Market 2017-2021" report to their offering.

The report forecasts that the global subsea artificial lift systems market to grow at a CAGR of 2.20% during the period 2017-2021.

Global Subsea Artificial Lift Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion operating in this market.

Commenting on the report, an analyst from the research team said: One trend in the market is integration of Big Data Analytics with upstream operations. With the declining profit margins owing to the increased production costs and low oil prices, the industry is focusing on managing operational costs to maintain incremental profit margins and cash flow.

According to the report, one driver in the market is need of increasing efficiency of existing wells. The plunge in global crude oil prices had a significant negative impact on the upstream oil and gas sector. The drilling market was severely affected and saw high rates of employee layoffs and reduced revenues in major oil and gas companies. The crude oil price slump caused a huge decline in the profits of the upstream E&P and service provider companies.

Further, the report states that one challenge in the market is flow assurance difficulties associated with subsea artificial lift systems. There are many challenges for subsea artificial lift systems, such as flow assurance problems, which include scaling, slug flow, emulsions, and asphaltenes. Asphaltenes are undesired compounds found in crude oil. During gas lift operations, asphaltenes may get precipitated near the wellbore, leading to the plugging of tubing and gas lift equipment.

Key vendors:

  • Baker Hughes
  • General Electric
  • Halliburton
  • National Oilwell Varco
  • Schlumberger
  • Weatherford

Other prominent vendors:

  • Borets
  • Dover Artificial Lift
  • Epic Lift Systems
  • Flotek Industries
  • JJ Tech
  • Lycon
  • Multi-Chase Group
  • NOVOMET
  • Superior Energy Services
  • Tenaris
  • United Drilling Tools

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Geographical segmentation

Part 07: Market segmentation by product type

Part 08: Decision framework

Part 09: Drivers and challenges

Part 10: Market trends

Part 11: Vendor landscape

Part 12: Key vendor analysis

Part 15: Key vendor analysis

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oilfield Equipment and Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oilfield Equipment and Services