SURF
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Operator also announces plans to deploy continuous, real-time detection equipment at all its operated upstream sites, including GranMorgu, by the end of 2025. -
Work slated for Côte d’Ivoire and Italy includes new riser/pipelines and FSRU facilities.
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The contractor will finalize the chosen FPSO solution for the development in the Campos Basin pre-salt off Brazil.
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The subsea specialist will provide and install flowlines, risers, and umbilicals for the Búzios 8 project offshore Brazil.
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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.
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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.
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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.
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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.
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Projects are being delayed or deferred due to low oil prices, which is affecting the market for subsea, umbilicals, risers, and flowlines (SURF).
