August 2021 - Baker Hughes has been contracted by Chevron Australia Pty Ltd. to supply subsea compression manifold technology for the Jansz-Io Compression project. The business will offer a subsea compression manifold structure with module and foundation, as well as the most recent optimized version of its horizontal clamp connector system and subsea controls, all driven by Baker Hughes' Subsea Connect early engagement methodology.
March 2021 - ConocoPhillips has awarded Aker Solutions a sizable contract to supply a subsea production system for the Eldfisk North development off the coast of Norway. The field will be connected to the Eldfisk Complex and developed as a subsea satellite.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5589
Published Date: Jan 31, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing expansion in offshore activities, surge in the demand for subsea manifolds in the oil & gas industry, and rising technological advancements in subsea manifolds are the major factors driving the growth of the Subsea Manifolds market.
The market size of Subsea Manifolds is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.
The major players in the market are Baker Hughes, Aker Solutions, TechnipFMC, Schlumberger, Chevron Australia Pvt Ltd, Mitsui Marine Development Co., Ltd., Yokogawa Electric Corporation, Mitsubishi Heavy Industries, Ltd., Chiyoda Corporation, Cosmo Eco Power Co., Ltd, and others.
The production segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Europe region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.