Subsea Technologies for Oil and Gas Offshore Exploration and Production – Thematic Research

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Subsea Theme Analysis Market Report Overview

In the oil and gas industry, subsea deals with all the processes and technologies that are deployed below the sea surface. It primarily concerns the installation of equipment on the seabed to produce hydrocarbons. Furthermore, subsea technology has proven to be profitable in waters at a variety of depths. The core idea of subsea is to move much of the equipment and processes down to the seabed. Additionally, technological advances have played a great role in boosting subsea, while rising demand for oil and growth in the mature offshore fields forced companies to increase production activities on the seabed.

Subsea equipment manufacturers have been working to reduce the cost of machinery installed on the seabed for deep water production. Their efforts in streamlining material procurement, optimizing subsea architecture, and simplifying equipment installation have brought about an overall reduction in the complexity of subsea systems. Besides, engineering, procurement, and construction (EPC) contractors have managed to lower the project execution cycle time to further improve the viability of subsea developments. Decarbonizing offshore projects is extremely challenging due to limited access to clean energy sources. Subsea equipment typically runs on hydraulic power supplied via diesel generators installed on topside platforms.

The Subsea Technologies thematic intelligence report provides an overview of subsea as a theme within the offshore oil and gas industry, encompassing shallow water, deep water, and ultra-deep water terrains.

Report Pages 43
Regions Covered Global
Key Trends Oil and Gas sector, Technology, and Macroeconomic
Value Chain Equipment, Infrastructure, Installation, Inspection, Intervention, and Decommissioning
Subsea Technologies in Oil and Gas BP, Chevron, Equinor, ExxonMobil, Petrobras, Saudi Arabian Oil Company, and Shell
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Key Subsea Technologies Trends

The main trends shaping the subsea technologies industry are classified into three categories: oil and gas sector trends, technology trends, and macroeconomic trends.

  • Oil and Gas Sector Trends: The key oil and gas sector trends impacting subsea technologies are increasing deep water and ultra-deep water production, electrification in subsea, longer subsea tie-backs, subsea-to-shore, subsea processing, and subsea storage.
  • Technology trends – The report focuses on key technology trends impacting the subsea technologies including VR and AR subsea, growing adoption of ROVs, predictive maintenance, and digital twin.
  • Macroeconomic trends – The macroeconomic trends impacting subsea technologies are the Russia-Ukraine war and COVID-19.

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Subsea Technologies in Oil and Gas – Industry Analysis

Global offshore production was valued at 46.1 MMboed in 2021. From 2017 to 2021, Iran, Saudi Arabia, Qatar, Norway, Brazil, and the US led in terms of offshore production. During this period, shallow water explorations dominated overall offshore activities. The growth in deep water production can be mainly ascribed to the growing demand for oil and gas globally, as the countries are increasingly trying to reduce their reliance on Russian crude. This would encourage oil and gas companies to venture into less explored deep-water regions.

The Subsea Technologies in oil and gas market analysis also covers:

  • Oil and gas production outlook across major subsea projects
  • Company landscape
  • Mergers and acquisitions
  • Timeline

Subsea Technologies in Oil and Gas

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Subsea Technologies in Oil and Gas - Value Chain Analysis

The oil and gas value chain represents a sequence of activities from exploration to the sale of hydrocarbons, all the way to end-users. The process includes upstream, midstream, and downstream sectors. Meanwhile, subsea involves the exploration, drilling, and development of oil and gas fields on the sea bed to produce and store hydrocarbons. Subsea systems are primarily designed for the upstream segment of the oil and gas value chain. These are installed on the ocean floor to support the extraction of hydrocarbons at an optimum flow. This has proven to be beneficial as it reduces capex and operational expenditure (opex) associated with offshore production and eliminates the need for fixed platforms.

GlobalData’s Subsea Technologies value chain in oil and gas industry is split into six segments: equipment, infrastructure, installation, inspection, intervention, and decommissioning.

Subsea Technologies Value Chain in Oil and Gas

Subsea Technologies Value Chain in Oil and Gas

For more insights on the Subsea Technologies value chain in oil and gas, buy the full report or download a free report sample

Leading Companies in Subsea Technologies in Oil and Gas

Some of the leading companies associated with subsea technologies in oil and gas are:

  • BP
  • Chevron
  • Equinor
  • ExxonMobil
  • Petrobras
  • Saudi Arabian Oil Company
  • Shell

Sector Scorecard – Subsea Technologies Theme

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecards have three screens: a company screen, a thematic screen, and a valuation screen.

  • The thematic screen tells us who are the overall leaders in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.

Sector Scorecard – Thematic Screen

Scorecard

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Scope

This report:

  • Highlights the prevalent sectoral, technology, and macroeconomic trends impacting the subsea theme.
  • Evaluates the offshore industry and tracks the key subsea developments and contracts across different regions.
  • Provides a brief overview of the subsea value chain in the oil and gas industry context.
  • Assesses competitive positions of the major companies, equipment and services providers in the subsea theme.

Reasons to Buy

  • Understand the importance of subsea in the exploration and production of hydrocarbons.
  • Identify trends and regional hotspots for the subsea theme
  • Outlook for the global offshore oil and gas production against the backdrop of high oil prices.
  • Identify and benchmark key oil and gas producers and contractors in the subsea theme.

Table of Contents

Executive Summary 

Players 

Technology Briefing 

  • Development of offshore hydrocarbon deposits
  • Subsea oil and gas

Trends 

  • Oil and gas sector trends
  • Technology trends
  • Macroeconomic trends

Industry Analysis 

  • Overview of offshore exploration and production activity
  • Oil and gas production outlook across major subsea projects
  • Company landscape
  • Mergers and acquisitions
  • Timeline

Value Chain 

  • Equipment
  • Infrastructure
  • Installation
  • Inspection
  • Intervention
  • Decommissioning

Companies 

  • Oil and gas companies
  • Subsea contractors

Sector Scorecard 

  • Independent oil and gas sector scorecard

Glossary 

Further Reading 

| Our Thematic Research Methodology 

| About GlobalData 

| Contact Us 

Frequently asked questions

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