South America Oil & Gas SURF Market – Projected to Exhibit a CAGR of Over 12% by 2021 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “South
America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market
By Component (Shallow Water, Deepwater, Ultra-Deepwater), By Application
(Deepwater, Shallow Water, etc.), Competition Forecast and
Opportunities, 2011-2021” report to their offering.

The South America Oil & Gas SURF is projected to exhibit a CAGR of over
12%, in value terms, during the forecast period.

Brazil is the leading subsea equipment demand generator in South
America. However, over the past few years, Brazilian economy witnessed a
downfall, which subsequently impacted the country’s spending capacity.
Decline in offshore explorations negatively impacted oil & gas SURF
market in the region.

Moreover, corruption scandal that engulfed Petrobras also negatively
impacted SURF market in South America, as the company had laid one of
the largest corporate capital expenditure plan to tap offshore pre-salt
discoveries. South America holds a great potential for offshore oil &
gas explorations and hence, the oil & gas SURF market in the region is
anticipated to exhibit a moderate growth through 2021.

Market Drivers:

• Increasing Partnerships and Joint Ventures
• Growing Consolidation in Subsea Infrastructure Industry
• Rising Production from Offshore Fields
• Revenue Generation through Aftermarket Services
• Rising Investments in Research & Development
• Implementation of Stringent Regulations for Offshore E&P Activities

Companies Mentioned

• ABB Ltd
• Airborne Oil & Gas B.V.
• Aker Solutions ASA
• Kongsberg Gruppen
• Nexans SA
• Prysmian S.p.A.
• Saipem SpA
• Siemens AG
• Subsea 7 SA
• Technip
• VALLOUREC

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF)
Market Outlook

5. South America Oil & Gas SURF Market Outlook

7. Market Trends & Developments

8. Competitive Landscape

For more information about this report visit http://www.researchandmarkets.com/research/hcb7sp/south_america_oil

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Related
Topics: Gas,
Oil