Market challenges

Challenges to the oil and gas industry

Off shore market challengesThe oil and gas industry is continuing to reduce costs, improve efficiency, and exploit new fields. The world is increasingly relying on offshore resources, and to ensure future supplies, it is also moving into deeper waters (3 kilometers and more).

By 2015, it is estimated that 12% of oil production will come from deepwater sources, (compared to 2% in 2002). Meanwhile deepwater gas production will equal and probably exceed 12%, with new subsea-to-shore developments.

Continuing oil and gas growth will drive expenditure on gas infrastructure, including pipelines, subsea template systems, smart well control systems and subsea processing.
It will also stimulate new builds of FPSOs, Tension Leg Platforms (TLPs) and Multipurpose Support Vessels (MSVs).

Moving the control of subsea development onshore can greatly reduce operating expenses. However, it requires longer submarine energy cables and longer umbilicals.
Offshore “smart wells” need remote management capability through sensor, instrumentation and control cables, and extended WANs and LANs for application-sharing among wells and platforms.

What do you expect from a cable manufacturer?

  • full range of cables for energy, control, and data
  • high-reliability and low-maintenance for continuous production
  • installation expertise in ultra-deep waters
  • technologies for pipelines, tanker transfer, storage
  • subsea power cables and umbilicals for pumps and processing
  • subsea fiber-optic systems for communication and seafloor monitoring systems
  • expertise and accessories for terminating subsea “trees”
  • software capability to test dynamic riser solutions, especially in deeper waters
  • environmental friendliness and safety in marine conditions

To answer these challenges, Nexans provides a complete range of cables and accessories for all of your offshore subsea projects.