Looking ahead to the suppliers and operators poised to shape the market in the coming years, TechnipFMC is expected to supply around 400 subsea trees between 2024 and 2029. Of this total, 35% is estimated for ExxonMobil’s developments in Guyana and 22% for Petrobras in Brazil. Simultaneously, OneSubsea is anticipated to supply close to 270 trees within the same period, with around 40% projected for Brazil. Aker Solutions (now OneSubsea) is expected to supply 150 trees, with 80% earmarked for Norway.
Petrobras remains a dominant operator, particularly in South America, where it has heavily invested in pre-salt developments. In Europe, Equinor and Aker BP are notable for their extensive subsea portfolios, with significant tieback projects on the Norwegian Continental Shelf underscoring their strategic importance. In the US, Shell and BP lead with substantial investments in deepwater and ultra-deepwater exploration and production. TotalEnergies holds a strong position in Africa, especially in Angola and Nigeria.
By Rystad Energy
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