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Status quo and outlook of the subsea drilling market within the worldwide oilfield service industry as of 2024

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Source

Release date

August 2024

Region

Worldwide

Survey time period

August 2024

Special properties

SURF stands for subsea umbilical risers and flowlines.

Citation formats

Key facts on the global subsea oil and gas market 2024

Published by
Doris Dokua Sasu,
Jun 27, 2025

Norway and Brazil are the largest markets for subsea drilling in the world. Between 2020 and 2023, Norway accounted for **** of subsea tree installations. Meanwhile, Brazil is expected to account for ** percent of the worldwide SURF market by the end of 2024. Overall, annual spending in the subsea drilling market is forecast to reach around ** billion U.S. dollars by 2027.

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Statistics on " Oil and gas industry in Brazil "

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Other statistics that may interest you Oil and gas industry in Brazil

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Topics

Oil and gas industry in BrazilElectricity in BrazilOil industry worldwideOil market outlook worldwideOil rig industry worldwide
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* For commercial use only

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For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
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