Subsea systems are incorporated in offshore drilling practices, where these systems help in cost reduction and enhanced oil recovery process. Subsea production systems are used to reduce costs associated with topside facilities, while subsea processing systems are used to enhance the process of oil recovery in mature offshore wells.

Subsea processing systems boost the production of oil & gas ... Read more

The subsea systems market is projected to grow from an estimated USD 15.78 Billion in 2016 to USD 17.44 Billion by 2021, at a CAGR of 2.02% from 2016 to 2021. Despite steep revenue declines 2015 onwards, the global market is set to witness growth after 2018 due to the increasing production from deepwater fields. Offshore exploration and production investments in Africa and Asia ... Read more