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North America Subsea Well Access System (WAS) Market is Expected to Reach $534 Million in 2019 - New Report by MicroMarket Monitor
Date:8/6/2014

ted a share of around 12.5% owing to developmental activities in offshore exploration and production.

This market is segmented and forecasted on the basis of types of Well Access System, such as Rig based well access system and Riserless well access system.

Get a copy of PDF Brochure at http://www.micromarketmonitor.com/contact/7102578278-download_pdf_brochure.html.

This report also includes the market share, supply chain and value chain analysis, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies which provide Well Access System.

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Africa Subsea Well Access System (WAS) Market
The subsea well access system market in Africa was valued at $512 million in the year 2013, and is forecast to reach $829 million by the end of 2019. It is projected to grow at a CAGR of 8.0% from 2014 to 2019. The ‘Subsea Well Access System Market in Africa- forecast, 2012-2019’ report analyzes the subsea well access system market by technology. The subsea well access system market by technology covers riserless light well intervention (RLWI) and rig based well access system.

Subsea well access systems market in Africa will increase due to growing safety concerns and the need for improvised production efficiency. The increasing energy demand and offshore exploration activities are other factors, which will drive the subsea well access system market in Africa. The new riserless intervention technology can provide significant cost savings up to 40-60% and time saving in the intervention compared to the rig based structures, significantly driving the RLWI market.

Source: PRWeb
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