DUBLIN, June 6, 2017 /PRNewswire/ --
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/vm4fjg/south_america_oil
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