DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Subsea Production and Processing Market Outlook to 2020 - Market Analysis by Geography, Component, Processing Systems, Competitive Landscape, Key Company Information - Growth Trends and Forecasts" report to their offering.
Oil and gas production is rapidly making a shift to subsea regions. This represents a significant deviation from conventional production methods. Subsea environment is sometimes the most remote and unexplored on earth. Working in this environment makes monitoring and intervention much more difficult and raises unique challenges and often some environmental issues.
One of the key challenges of working in a subsea system is to increase the recovery rate of a particular field. In many cases subsea fields proved to have less recovery rates than other conventional fields. Other challenges posed by subsea production are to reduce wellhead pressure to allow effective recovery of hydrocarbon resources.
Subsea processing holds the potential to off-load fluid equipment to the seafloor. This provides for reduction in platform/FPSO deck load requirements while also eliminating the backpressure imposed by the production riser. Subsea processing can take several forms, comprising a myriad of subsea separation and boosting scenarios.
This is only an emerging technology and there is still some resistance from major operators to the use of subsea processing but once the drawbacks which stem from mostly increased power requirements to intervention problems, it looks to be a promising area of development in the subsea field.
2. Executive Summary
3. Market Overview
4. Drivers, Constraints and Opportunities
5. Subsea Production and Processing Value Chain Analysis
6. Global Subsea Processing and Production Market Analysis, by Geography
7. Global Subsea Production and Processing Market Analysis, by Component
8. Global Subsea Production and Processing Market Analysis, by Processing Sysems
10. Key Company Analysis
11. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/m3m5gh/global_subsea