Africa’s subsea market continues to heat up

Emerson_SubseaEmerson’s subsea network answers many operators’ questions relating to subsea operations. (Image source: Emerson)Driven by the need to develop fields in deeper waters, more challenging locations and in reservoirs of increasing geological complexity, the subsea installation market is expected to grow significantly over the next few years

The latest World Deepwater Market Report from analysts Douglas Westwood forecasts a 90 per cent growth in deepwater expenditure between 2012 and 2016 as compared to the previous five-year period, with a total of US$232 billion predicted to be spent subsea.

In addition, Emerson expects the number of new Christmas Trees coming on stream each year to increase from about 280 in 2011 to around 720 by 2016.

As part of the so-called deepwater ‘golden triangle’ alongside North and South America, Africa is likely to secure a significant portion of this spend with the same Douglas Westwood report estimating that 72 per cent of forecast deepwater spend will be in Africa and the Americas.

Another report from Quest Offshore Resources (Subsea Acceleration: Fathoming New Technologies) forecasts 3,200 new subsea tree orders between 2011 and 2015 with 60 per cent of these being in offshore Brazil and Africa.

Along with Brazil and Australia, West Africa remains a key market for Emerson and we are currently pursuing 80 subsea projects over the next two years.

So in what specific areas is this growth in subsea installations being seen?

The increasing demand for subsea trees and associated hardware, such as control modules, manifolds and umbilicals, is helping drive the need for many broader solutions – solutions that can provide operators with more information and greater control over their subsea operations.

This covers everything from reliable reservoir and well monitoring in order that production keeps flowing, through to the avoidance of costly shutdowns resulting from sand, hydrates or an increased amount of water in the flow lines.

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