The projects of subsea well access systems around the regions such as North Sea and Gulf of Mexico and Gulf of Thailand are increasing creating higher demand for Rig based well access systems. The subsea well access systems are facing high competition from well access systems used for onshore projects in terms of prices. Also, the higher installation cost for the subsea well drilling is a major restraint for the subsea well access system market. MRFR predicts that recent price recovery of ... Read more

The detailed report published by Market Research Future (MRFR) projects that the global subsea well access system market is marked to exhibit moderate expansion at a CAGR of 4.9% during the forecast period of 2018-2023. Increased exploration activities in oil and gas sector in order to fulfil the growing demand for fossil fuels all over the world, rapid incorporation of technologically advanced solutions to optimize various functions on the oil rigs, increased offshore drilling activities, ... Read more