Press Release

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.

Browse 4 market 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, 2011-2021has 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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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, 2011-2021

Oil and Gas | May, 2017

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

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