Global Subsea Artificial Lift Systems Market 2017-2021 – Research and Markets
DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Subsea Artificial Lift Systems Market 2017-2021” report to
their offering.
The report forecasts that the global subsea artificial lift systems
market to grow at a CAGR of 2.20% during the period 2017-2021.
Global Subsea Artificial Lift Systems Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects
over the coming years. The report also includes a discussion operating
in this market.
Commenting on the report, an analyst from the research team said: One
trend in the market is integration of Big Data Analytics with upstream
operations. With the declining profit margins owing to the increased
production costs and low oil prices, the industry is focusing on
managing operational costs to maintain incremental profit margins and
cash flow.
According to the report, one driver in the market is need of increasing
efficiency of existing wells. The plunge in global crude oil prices had
a significant negative impact on the upstream oil and gas sector. The
drilling market was severely affected and saw high rates of employee
layoffs and reduced revenues in major oil and gas companies. The crude
oil price slump caused a huge decline in the profits of the upstream E&P
and service provider companies.
Further, the report states that one challenge in the market is flow
assurance difficulties associated with subsea artificial lift systems.
There are many challenges for subsea artificial lift systems, such as
flow assurance problems, which include scaling, slug flow, emulsions,
and asphaltenes. Asphaltenes are undesired compounds found in crude oil.
During gas lift operations, asphaltenes may get precipitated near the
wellbore, leading to the plugging of tubing and gas lift equipment.
Key vendors:
- Baker Hughes
- General Electric
- Halliburton
- National Oilwell Varco
- Schlumberger
- Weatherford
Other prominent vendors:
- Borets
- Dover Artificial Lift
- Epic Lift Systems
- Flotek Industries
- JJ Tech
- Lycon
- Multi-Chase Group
- NOVOMET
- Superior Energy Services
- Tenaris
- United Drilling Tools
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Market segmentation by product type
Part 08: Decision framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Vendor landscape
Part 12: Key vendor analysis
Part 15: Key vendor analysis
Contacts
Research and Markets
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[email protected]
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Related
Topics: Oilfield
Equipment and Services
