Electric
power distribution facilities in subsea locations are very different
than those observed in offshore facilities or locations situated on
land. Subsea locations are point to point electrical distribution
systems and have a very limited set of routing alternatives. It is
for the highly innovative, technically complex, and advanced power
distribution systems made for subsea locations that the capabilities
of some deep water oil and gas reserves are fully exploited.
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Global
subsea electrical power distribution systems market enable the proper
supply of all electrical loads to subsea drilling, exploration, and
other activities, using one single power cable. The typical elements
of a subsea electric power distribution system include installation
equipment, transformers, and subsea frequency convertors. For
ensuring reliability, the equipment is usually kept enclosed in a
liquid filled tank.
Existing
Subsea Electric Power Distribution Systems
The
electric power distribution solutions for subsea locations currently
available in the market require the use of one cable dedicated to
each pump or compressor (electricity consumer). As such, a major
portion of costs incurred in deploying a subsea electric power
distribution system is formed by the cost of cables used. Thus,
cables represent an important segment that exhibits impressive
opportunities for reducing the overall cost of any subsea electric
power distribution system.
Subsea
electrical power distribution systems enable the effective
transmission, distribution, and control of electric power as per the
subsea situations. The need for high voltage power supply in the
megawatt range and availability of distribution system closer to the
end-user system are facilitated by specially designed subsea power
distribution systems. The use of lesser number of on-load and
start-up motors in subsea power distribution systems lead to
reduction in the several problems caused by resonance and harmonics.
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Maturing
Onshore Oil and Gas Reserves to Boost Subsea Exploration Activities
Across
the globe, a rising number of onshore oil and gas reserves are
nearing maturity and some have already matured. On the other hand,
the ever increasing demand for oil and gas products from the global
population, which again is rising at an extreme pace, presents the
dire need to look for newer oil and gas reserves. Hence, leading oil
and gas industries have focused their attention at potential deep
seawater or subsea oil and gas reserves.
In
the next few years, subsea exploration activities are projected to
increase at a swift pace across the globe. With the expansion of
subsea oil and gas exploration market in the future, subsidiary
markets such as subsea boosting systems and subsea electrical power
distribution system will also embark upon a good growth path.
Rising
Demand in Latin America Presents Huge Growth Opportunities
The
market is observing increased attention and adoption from the subsea
oil and gas production regions of Africa, Middle East, and Latin
America. The rising investment in the field of subsea exploration and
production in these regions is expected to create significant growth
opportunities for the global market for subsea electrical power
distribution systems in the coming years. Latin America especially
represents one of the most lucrative regions for the global subsea
exploration and production market and for its supplementary markets.
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