Growth in the pipeline

摘要

In a globalised market, fragmentation in performance can be expected - in the pipeline and control line sector this is a key theme. Indeed, relative sub-sector performance differs not only by geography and market segment, but also by water depth, construction material and environmental conditions. A key example of these dynamics is demonstrated by the differing levels of market growth expected by geographical region. Whilst the traditional shallow-water markets of the North Sea and the Gulf of Mexico are slowly waning, the South East Asian, Brazilian and African regions are becoming increasingly buoyant. However, the short-term cycle is also expected to witness substantial growth in the frontier sectors of deep-water Norway, the UK West of Shetland and the Lower Tertiary Trend in the Gulf of Mexico, with the deeper, harsher and more remote waters driving activity in these regions.