Rising energy demand as result of growing population accompanied by increased energy applications in several industries coupled with matured onshore oil and gas fields are diverting the focus on more exploration and production of oil and gas in water levels. The continuous innovation and development in technology are aiding in generation of new opportunities to drill in ultra deep waters. The continuous appetite of enhancing oil & gas production has increased the demand for subsea boosting systems. This system is an arrangement deployed at the topside of the well to ensure the flow of fluid (oil and condensate) from the oilfields at an economical rate. Some of the key parameters that lead to subsea boosting system installations are increased water depth, increased distance from the host, heavy oil, greater number of fields tiebacks to the host and low reservoir pressure. The system primarily includes multiphase and down-hole boosting, gas compression and raw subsea water injection. Subsea boosting processes includes some of the major benefits for operator such as safer and faster start-up of low energy wells, increases the economic lifetime of the field, increased production and recovery and enables a different production strategy.
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The need to satisfy energy demand and increasing activities in water level are some of the major drivers for subsea boosting systems market. Subsea boosting systems Innovations in subsea boosting technology, providing greater reliability, performance and endurance have led to increase in demand for subsea boosting systems. Rising upstream oil and gas expenditure is expected to augment the demand for subsea boosting systems. Initial installation cost and addition of an operational stage are few restraints for the subsea boosting systems market. High investment areas for subsea oil production such as Latin America, Africa and Middle East can prove to be an opportunity for the subsea boosting systems market.
Key segment for the subsea boosting systems market constitute boosting pumps type such as twin screw pumps, helicon-axial pumps, electric-submersible pumps and others (centrifugal, counter-axial and hybrid pumps). These pumps can be sub-segmented on the basis of operational principles such as multi-phase and single phase pumps. Single-phase subsea pumps employ the dynamic pumping principle and are used in low gas volume fractions handling. Single-phase centrifuge design pump can deliver up to 350 bars of pressure. On the contrary, multi-phase pumps use helicon-axial technology and runs on a roto-dynamic pumping principle. The principle signifies added energy to a fluid mixture of water, oil and gas in the well. Twin screw pumps are used when pumping conditions carries high gas volume fractions and varying inlet conditions. Helico-axial pump is a roto-dynamic pump that is designed to add energy to a fluid mixture of oil, gas and water, and to be assembled in a multistage unit. Electrical submersible pump (ESP) consists of various components such as impeller, diffuser, bearings, shaft, submersible motor, protector, gas separator and others. These pumps are designed to operate in only series installation arrangement as it can provide higher differential pressure to boost the liquid inside the well.
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Latin America is one of the major markets for subsea boosting systems. Brazil is one of the prominent centers for subsea boosting system installations in the region. In Brazil, a large number of onshore fields are already matured and a substantial number of fields are approaching a stage of maturity. Espirito Santo and Campos offshore oil fields in Latin America are the major fields that can contribute in the groth of subsea boosting systems market. The offshore fields of Nigeria, Gabon and Angola are the major fields in Africa that has accounted for the installations of subsea boosting systems in recent past years.
Some of the major manufacturers and suppliers of subsea boosting systems are Cameron, FMC Technologies Inc., General Electric Co, Aker Solutions, Sulzer Limited, GEOG VetcoGray, Framo Mohn AS and Oceaneering International Inc.
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