2020 Vision Sees Return To Market Growth
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04 April 2016
While this year will be another challenging one within the subsea sector as a result of lower-than-expected tree orders, next year and beyond is expected to see increased demand. This will predominantly be driven by those projects that have been deferred over the last 18 months.
By region, it is Africa that will come to the fore. It is forecast to gain a 31% share of global subsea capex demand over the period 2016-2020, surpassing the Brazil-dominated Latin American market as the leading region for subsea investment.
more [source: E&P Mag]
more [source: E&P Mag]
