Subsea Equipment CAPEX Forecast to Increase in Brazil
Claudio Paschoa
February 16, 2010
Increased investment in subsea systems instead of intensive use of rigs and FPSOs is looking to be the present and future trend in the Brazilian O&G market. Subsea system equipment manufacturers in all levels, from subsea trees to the smallest subsystem manufacturers, have a good reason to be happy with present and future business prospects in Brazil. Not only are the deepwater pre-salt plays being developed and other propective deepwater plays being drilled, but also various new post-salt shallow water fields have been recently discovered, most in the southern Campos Basin by OG X Petroleo and more recently by Petrobras, which has confirmed the potencial of its play adjacent to the Pampo field.