South America Subsea Umbilicals, Risers, and Flowlines (SURF) Market to Exhibit CAGR 12%
Increasing
offshore exploration and production in Venezuela coupled with recovering oil
prices and Brazilian economy to drive South America oil & gas subsea
umbilicals, risers, and flowlines (SURF) market through 2021
According to TechSci Research report “South America Oil & Gas Subsea Umbilicals, Risers
and Flowlines (SURF) Market, By Component, By Application,
Competition Forecast and Opportunities, 2011-2021”, the market for oil
& gas SURF is projected to grow at a CAGR of over 12% during 2016-2021. Major
oil and gas companies are increasingly investing in Venezuela to increase offshore
exploration and production. Moreover, recovering oil prices and Brazilian
economy are further anticipated to boost demand for oil & gas SURF
equipment in South America during the forecast period. Rising demand for oil
& gas SURF equipment in the region can be also attributed to recovering
crude prices and improving financial situation of major upstream players in the
region.
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data Tables and 11 Figures spread through 61 Pages and an in-depth TOC on "South
America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market,
2011-2021"
https://www.techsciresearch.com/report/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/1022.html
South America oil & gas
subsea umbilicals, risers, and flowlines market is expected to grow at a
moderate pace during the forecast period, owing to increasing energy demand and
maturing onshore fields compelled oil majors to go offshore. Moreover, new
discoveries being made in deep and ultradeep waters across the region is
further expected to boost demand for subsea and SURF equipment during the
forecast period. Dominance of deepwater application in South America oil &
gas SURF market is expected to continue through the forecast period, owing to
new offshore oil & gas discoveries in Deepwater. Also, implementation of
government policies and regulations supporting offshore explorations is further
anticipated to propel growth in this segment during the forecast period.
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“Demand for oil & gas SURF
products in South America region is on the rise, owing to increasing offshore
production with the advent of modern technology and innovation in subsea
equipment space. This is anticipated to further fuel growth in South America
oil & gas SURF market through 2021.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“South America
Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By
Component, By Application, Competition Forecast and Opportunities, 2011-2021” has evaluated South America oil &
gas SURF market and provides statistics and information on market structure,
industry behavior and trends. The report includes market projections and demand
forecasting. The report is intended to provide cutting-edge market intelligence
and help decision makers to take sound investment evaluation. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers, and challenges available in South America oil & gas SURF market.
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