Equinor Awards Contracts for Bacalhau Project Offshore Brazil
Described as Brazil’s first-ever integrated SPS and SURF project, the development will include 19 wells, approximately 130 km of rigid risers and flowlines, and 35 km of umbilicals.
Subsea Markets Face High Stakes if Oil Prices Slide
In a $60 to $70 oil environment, the subsea market is poised to grow around 7% annually up to 2025. But a significant portion of this activity is at risk if the price of Brent crude falls to $50 per barrel.
Subsea is Back in Black
From its record high in 2014, purchases of subsea equipment and SURF fell around 50% until reaching a low in 2018. New data suggest that the subsea market will be a top-performing oilfield service segment.
Finding New Ground in Subsea Integrity Management
Deepwater production has become more reliant on the integrity of subsea, umbilical, riser, and flowline (SURF) systems. A JIP explored cost-effective inspection and maintenance options.
Subsea Infrastructure Growth Tempered by Oil Price Collapse
Projects are being delayed or deferred due to low oil prices, which is affecting the market for subsea, umbilicals, risers, and flowlines (SURF).
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17 July 2020
21 July 2020