Infield Systems
provides a snapshot of the global flexible pipelines market up to 2019
In preparation for
Infield Systems’ new edition of its Pipeline and Control Lines market report,
due for release June 2015; Infield Systems provides a snapshot of the global flexible
pipelines market up to 2019.
Latin America, Africa, Europe and Australasia are all
expected to see increases in flexible pipeline investment over the next five
years in comparison to the historic period (2010-2014).
Latin America will continue to dominate the the flexible
pipelines market, with the region accounting for over 69% of global flexible
pipeline installed over the next five years. Brazil is the principle driver of
the regions flexible demand, which could account for around 98% of Latin
American flexible pipeline Capex between 2015 and 2019. Brazil has large
offshore reserves, a significant proportion of which are located in deep and
ultra-deepwaters which is a key driving force behind the use of flexible lines
in the country. Petrobras will continue
to have the highest demand, with its ultra-deepwater Iracema North oil field
anticipated to require the largest amount of flexible pipeline investment over
the forthcoming period.
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Africa’s demand for flexible pipelines expenditure could
increase by 57% and 87% in projected length installed in comparison to the
historic period, with West Africa expected to be the mainstay of demand. The
two largest offshore African markets, Angola and Nigeria could together account
for 55% of the regions flexible pipeline Capex demand. Total’s ultra-deepwater
Egina project in Nigeria is expected to see the largest amounts of flexible
pipeline investment over the next five years.
European demand for flexible pipelines could increase by 16%
in terms of Capex demand and 30% in projected length installed in comparison to
the historic period. Demand will continue to be centred on projects in North
West Europe, mainly associated with the UK and Norway, which are the key driver
of offshore oil and gas activity in the region. Chevrons Rosebank field in the
UK could see the highest levels of flexible pipeline investment, most of which
will be focused towards flowlines.
Australasia’s flexible pipelines expenditure could increase
by 7%. The vast majority of the region’s demand will continue to be focused on
Australia which is the regions hub of offshore oil and gas activity. Australian
Independent Woodside is anticipated to inject the most in to the regions
flexible pipelines market, with its Laverda field in the Greater Enfield Area
potentially a key driver of the operators demand.
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Asia, North America and the Middle East and Caspian Sea
regions may see a decline in flexible pipeline expenditure over the next five
years in comparison to the historic period. The decrease in Capex in the Middle
East is largely associated with the completion of Manavgat’s Turkey – Cyprus
water pipeline, and the reduction in flexible pipeline demand associated with Saudi
Aramco Kuwait Gulf Oil’s Khafji oil field in the Neutral Divided Zone. Asia’s
demand for flexible pipelines could decrease by 3% in terms of Capex demand
mainly due to a potential fall in demand in India. The fall in North American
flexible pipeline expenditure is mainly a result of an expected fall in investments
in the US Gulf of Mexico due to the completion of a number of fairly high cost
flexible pipeline projects such as during the historic period such as LLOG’s Who
Dat oil field and Anadarko’s Lucius oil field.
In summary, the global flexible pipeline market is expected
to see an increase in expenditure, with Brazil continuing to be a massive
demand driver. Africa is may see large increases in flexible demand, mainly
fuelled by West African developments, with East African developments expected
to support Africa’s demand towards the end of the forecast.