Subsea Processing is a game
changing technology
Subsea
Processing Gamechanger Report 2003-2012
Mumbai,
India - July 8
- Bharat Book
Bureau, has added “ Subsea Processing Gamechanger Report 2003-2012 ”
( http://www.bharatbook.com/detail.asp?id=5610
) to its huge collection of Reports.
Subsea processing is poised to grow into an important new
business sector. “Subsea processing is a true ‘gamechanger’ technology, in
that by separating or pressure-boosting wellfluids on the seabed it has the
potential to massively reduce expenditure on offshore platforms. The logical
extension is that in some situations it may be possible to remove the
requirement for the offshore platform completely. Subsea processing also
presents exciting new opportunities for enhancing production and recoverable
reserves.
90 per cent of operators want to install
“The most surprising aspect of our study is a complete reversal of Operator
opinion” said Dudgeon. Only three years ago just 10 per cent of operators
interviewed had plans to install subsea processing, but in our new survey 90 per
cent expressed a view that they would like to install over the next five years.
“There is now a narrower interpretation of the benefits of subsea
processing. Two years ago, it was considered a cure-all for a wide range of
challenges such as deepwater, long tiebacks, restricted topsides etc. Now,
it’s mainly being considered for reducing platform topsides. Operators have
developed a realistic approach to where they want to use it and this means that
suppliers can begin to make the right sort of equipment. The first generation of
subsea processing concepts are being reinterpreted and developed into new
products, installed subsea pumps are performing well and reliably and in the
last few years there has been a global uptake of subsea processing.
“Questioned about what has been holding back deployment of the technology,
surveyed operators emphasised “operator mindset” and perceptions of cost.
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.
The Subsea Processing Gamechanger Report is the first in a new series of
reports that will examine the commercial prospects for technologies that show
early potential to make a major impact on industries.
The report describes what is driving the interest in subsea processing, the
technologies of subsea boosting and separation, control & monitoring and
power, installation, intervention and system modularity and case studies.
Results of a survey of operators' opinions on subsea processing are reported.
Forecasts of the subsea processing market between 2003-2012 are presented by
component and region: in high, most likely and low oil price scenarios.
For more information regarding this report, please visit
http://www.bharatbook.com/detail.asp?id=5610
Email
: info@bharatbook.com
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