The
subsea well access systems are installed on the sea beds where successful
exploration has been carried out for extending life of existing oil wells and
production of oil wells from new oil wells. Subsea well access systems are
segmented on the basis of technology, as rig based systems and rig-less
systems. Rig based subsea systems are further segmented into Landing string
systems and workover completion, which enable heavy well intervention in the
harsh subsea beds. Rig-based systems have higher cost than rig-less systems due
to their complex and heavy structure. The primary function of rig-based systems
is drilling, casing, and well head installation at the existing wells or new
wells.
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Key Players
The
key players of the global subsea well access systems market are National Oil
Varco (U.S), GE Baker Hughes(U.S.), Riverstone holdings (Singapore), Subsea 7
(U.K.) TechnipFmc Technologies Inc. (U.K.), and Helix (U.K.). Schlumberger
Ltd.(U.S.), Halliburton Corporation (U.S.), Weatherford international(U.S.),
Aker solutions (Norway), GMC Deepwater (U.K.), and Tenaris (U.S.) are among
others.
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Subsea Well Access Systems Market Segments Analysis:
By Technology Type
- Rig-less
- Rig based
- Completion workover
- Landing string
By Location Type
- Shallow water
- Deep water
- Ultra-deep water
By Products Type
- Blowout preventers
- RAM blowout preventers
- Annular blowout preventers
By Regions
- North America
- Asia Pacific
- Europe
- Rest of the World
Subsea Well Access Systems
Regional Market Analysis:
North
Sea from Europe region and Gulf of Mexico from North America region are
witnessing to capture the major market share.
Europe
and North America are anticipated to have a higher number of ageing oil wells
and new discoveries in the North Sea and Gulf of Mexico, which have a huge
potential for oil. Subsea well access systems are technologically upgraded to
withstand the tough operations in the deep water and ultra-deep water projects.
They help in drilling the wells in the harsher sea beds, putting wellhead, Christmas
tree installation, installing the blowout preventers to maintain the pressure
of the oil wells.
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