Subsea well startups worldwide 2010-2017

Total number of subsea well startups worldwide from 2010 to 2017*

by Statista Research Department, last edited Jul 6, 2016
Subsea well startups worldwide 2010-2017 This statistic shows the number of subsea well startups coming onstream worldwide from 2010 to 2015, with a forecast until 2017. In 2014, 328 subsea wells worldwide came onstream or started achieving first production.
Subsea well startups

A subsea well startup refers to the initial operational commencement of a subsea well. Well startup is a difficult phase of the overall operation of a subsea well, and projections show a decline in the total worldwide number of startups in 2016 and 2017 as compared with 2015 and other previous years. The general decreasing trend of new offshore oil projects is linked to the ongoing global oil glut, which has made many oil and gas projects, particularly the more expensive projects, less feasible.

Africa and the Mediterranean had the most subsea well startups of any region worldwide in 2015, and it is projected to continue having the most startups through 2017. Similarly, the number of subsea trees awarded to manufacturers worldwide was the highest in the region that consists of Africa and the Mediterranean, at 77 awards in 2015. Although offshore oil production is steadily increasing in Africa and the Mediterranean, overall it accounts for a small share of the total number of offshore oil and gas rigs worldwide. Nevertheless, of all of the deepwater oil discoveries being made each year worldwide, Africa and the Mediterranean was the region that has had the most new discoveries each year since 2013.
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Total number of subsea well startups worldwide from 2010 to 2017*

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Number of subsea well startups
2010309
2011241
2012286
2013330
2014328
2015316
2016**306
2017**267
Number of subsea well startups
2010309
2011241
2012286
2013330
2014328
2015316
2016**306
2017**267
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by Statista Research Department, last edited Jul 6, 2016
This statistic shows the number of subsea well startups coming onstream worldwide from 2010 to 2015, with a forecast until 2017. In 2014, 328 subsea wells worldwide came onstream or started achieving first production.
Subsea well startups

A subsea well startup refers to the initial operational commencement of a subsea well. Well startup is a difficult phase of the overall operation of a subsea well, and projections show a decline in the total worldwide number of startups in 2016 and 2017 as compared with 2015 and other previous years. The general decreasing trend of new offshore oil projects is linked to the ongoing global oil glut, which has made many oil and gas projects, particularly the more expensive projects, less feasible.

Africa and the Mediterranean had the most subsea well startups of any region worldwide in 2015, and it is projected to continue having the most startups through 2017. Similarly, the number of subsea trees awarded to manufacturers worldwide was the highest in the region that consists of Africa and the Mediterranean, at 77 awards in 2015. Although offshore oil production is steadily increasing in Africa and the Mediterranean, overall it accounts for a small share of the total number of offshore oil and gas rigs worldwide. Nevertheless, of all of the deepwater oil discoveries being made each year worldwide, Africa and the Mediterranean was the region that has had the most new discoveries each year since 2013.
Show more
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