Promising numbers in recent analysis of the subsea market

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Port of Açu recently partnered up with Rystad Energy to prepare an independent analysis of the offshore market in Brazil, and anticipate its trends.

Both companies are members of NBCC.

This first edition of what they call #PdAInsights addresses the estimated demand for subsea equipment and services in Brazil. These services are expected to return to a positive path in 2022 and the domestic market will be a major world player in this rebound. This outlook is based on the large number of projects sanctioned in 2019 and the expectation of substantial progress in investments in the country, leveraged by massive pre-salt projects by Petrobras in the Campos and Santos basins.

 

The analysis shows promising numbers: Brazil will have one third of all FPSOs sanctioned in the world and around 120 new Christmas trees are expected in the country in 2021-2023. In terms of operators’ spending in Brazil, forecasts point to annual growth rates of 13% for SURF (subsea umbilicals, risers and flowlines), 20% for subsea equipment, and 6% for subsea services.

 

The Port of Açu integrates the offshore evolution in the country and is ready to support the expansion of the Brazilian subsea market. Access the full report at https://conteudo.portodoacu.com.br/report-tendencias-og

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