(MENAFNEditorial)
FOR IMMEDIATE RELEASE Illinois – United States – October 142014 (PR Buzz): Reportstack has announced a new market research report on the Global Subsea Production Market 2014-2018. Subsea production is a type of oil extraction that allows the use of one strategically located platform to service numerous well areas. It holds an advantage in terms of cost savings when offshore production costs surge. The Global Subsea Production Market is expected to grow at a CAGR of 5.6 percent during the forecast period.
About the Report
The report focuses on the consumption of oil and gas worldwide that has compelled governments to shift their focus to offshore oil and gas reserves so as to increase overall production.
The report also emphasizes tremendous technological advancements like more advanced subsea oil sand separation units multi-well-pad drilling supercomputing and 4D imaging to find sweet spots multiphase pumps and wellhead systems.
“The advancements have enabled companies to produce hydrocarbons in the most challenging of environments. Other technological advancements like unlocking the potential of offshore oil and gas development and determination of reserves and well log interpretation is expected to propel the market in the coming years” .
Key Information Covered in the Report:
Market segmentation size and forecast through 2018
Market Growth Drivers:
Increase in Global Oil and Gas Consumption
For a full detailed list view our report.
Market Challenges:
Increase in Environmental Concerns
For a full detailed list view our report.
Market Trends:
Rapid Technological Advancements
For a full detailed list view our report.
Key Vendors:
Aker Solutions
Cameron
Dril-Quip
FMC Technologies
GE Energy
Other Prominent Vendors:
National Oilwell Varco
Oceaneering International
Transocean
Vallourec
Complete report available @ Global Subsea Production Market 2014-2018.
Contact:
Debora White
United States
Email: debora@reportstack.com
Ph: +1-888-789-6604
Reportstack
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