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News

BUSINESS INTELLIGENCE: Brazil To Be Key Subsea Market Thru 2022

13/12/2017

Sixteen percent of the wet Christmas trees installed globally between 2018 and 2022 will be in the country
[12.12.2017] 15h21m / By Gabriela Medeiros

Brazil will be the location of 16% of the Wet Christmas Trees installed worldwide between 2018 and 2022.

The forecast is from Westwood Energy, which believes that the demand from Brazil will come mainly from ultra-deep waters, where 96% of the units will be installed in the period.

Brazil already has about 1,000 WCTs installed. Today, the average water depth of the offshore units installed in Latin American is 1,120 m, the highest average compared to the main oil regions in the world: Africa (945 m), Australia (304 m), Asia (493 m), North Sea (203 m) and North America (1,004 m).

Despite strong Brazilian demand, Latin America will be responsible for only 21% of the world demand for WCTs by 2022, second to Africa, which will receive 27% of the global investment in the period. Demand on the continent will be strong due to projects like the SNE fields in Senegal, Greater Pecan in Ghana and Zabazaba in Nigeria.

The increase in African demand may also be a positive sign for Brazil, as some companies are taking advantage of their factories in the country to export equipment. Aker Solutions, for example, will make the WCTs for the Johan Castberg project in the Barents Sea (Norway) at its Sao José dos Pinhais (PR) plant, while TechnipFMC manufactures in its Brazilian plants the Liza, in Guyana, for which it will provide 17 ANMs.

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