In 2000, less than 10% of the people interviewed expected to install subsea processing within five years. In 2003, this had changed to more than 75% , and more than 91% within the next ten years.It now appears that the tipping point has been reached where the number of subsea processing units installed will begin to increase rapidly.
Over the period to 2012, $1.6 billion is likely to be spent on 86 subsea processing systems, which in the most favourable conditions could increase to $3.5 billion and over 200 systems. Operator opinion has completely reversed over the past three years and now 90% have plans to install... These are amongst the results of this unique new study from energy analysts oil & gas technology specialists OTM Consulting.
The study examines the potential for subsea processing to permanently ‘change the game’ of offshore oil & gas production. The report is aimed at executives and technology managers but assumes no prior knowledge of the subject. It briefs the reader on the technology currently available and under development, gives specific case studies, presents the results of a survey of leading offshore operators and then, using three different scenarios, develops views on the size of future markets.
Contents of Subsea Processing Gamechanger Report 2003-2012:
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