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UTC 2013

Subsea market will double in size by 2020

06/20/2013 | 11h14

 

In five years, the subsea industry will double in size, and within 20 years will be equal to the production of traditional oil and gas and offshore. Data were presented yesterday (19) by consulting Rystad Energy during the opening of Underwater Techonology Conference (UTC) 2013.
"In five years, the market for submarines is expected to grow from $ 30 billion to about U.S. $ 60 and U.S. $ 70 billion per year," said Jarand Rystad, oil analyst and partner at Energy Rystad.
According to the study, currently 70% of world oil is produced onshore and only 9% corresponds to subsea production. In 2020, this underwater area will represent about 15%. Moreover, today the subsea facilities produce 15 million barrels per day. In 2030, daily production will increase to 35 million barrels.
The Rystad Energy is an independent consultant for oil and gas, which works with market intelligence, strategy consulting and research products for E & P companies for oil services, investors and governments.

In five years, the subsea industry will double in size, and within 20 years will be equal to the production of traditional oil and gas and offshore. Data were presented yesterday (19) by consulting Rystad Energy during the opening of Underwater Techonology Conference (UTC) 2013.

 

"In five years, the market for submarines is expected to grow from $ 30 billion to about U.S. $ 60 and U.S. $ 70 billion per year," said Jarand Rystad, oil analyst and partner at Energy Rystad.According to the study, currently 70% of world oil is produced onshore and only 9% corresponds to subsea production. In 2020, this underwater area will represent about 15%. Moreover, today the subsea facilities produce 15 million barrels per day. In 2030, daily production will increase to 35 million barrels.

 

The Rystad Energy is an independent consultant for oil and gas, which works with market intelligence, strategy consulting and research products for E & P companies for oil services, investors and governments.

 



Font: TB Petroleum/ Maria Fernanda Romero
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