{"id":14842,"date":"2020-12-31T08:00:56","date_gmt":"2020-12-31T08:00:56","guid":{"rendered":"https:\/\/www.westwoodenergy.com\/?p=14842"},"modified":"2025-04-16T15:12:33","modified_gmt":"2025-04-16T14:12:33","slug":"global-subsea-tree-tracker-2020","status":"publish","type":"post","link":"https:\/\/www.westwoodenergy.com\/news\/infographics\/global-subsea-tree-tracker-2020","title":{"rendered":"Global Subsea Tree Tracker 2020"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]\n

Westwood’s Global Subsea Tree Tracker 2020<\/strong><\/h2>\n

Each month Westwood’s subsea team provides a global update on subsea tree awards, with data sourced from and analysed using, SubseaLogix<\/strong><\/a>. Bookmark this page for regular updates on the health of the subsea oil and gas sector.<\/h4>\n[\/vc_column_text][divider line_type=”No Line” custom_height=”20″][nectar_btn size=”large” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” text=”View 2021 Data” url=”https:\/\/www.westwoodenergy.com\/news\/infographics\/global-subsea-tree-tracker-2021″][divider line_type=”No Line” custom_height=”20″][vc_column_text]Westwood’s full-year 2020 subsea tree unit awards<\/strong> closed at approximately 188 units globally, representing a 27% decline year-on-year. 4Q 2020 was the most active quarter, accounting for 40% of subsea tree units awarded. During the year under review, the subsea tree required for Equinor’s Northern Lights carbon capture storage (CCS) offshore Norway was awarded \u2013 the first of its kind. Major projects to watch in 1Q 2021 include Equinor’s Bacalhau and Petrobras’ Buzios 5 developments offshore Brazil. Westwood’s full-year 2020-2024 subsea tree demand<\/strong> outlook is forecast at 1,050 units. This is an upward revision of 60 units due to ExxonMobil’s commitment to developing its Yellowtail, Hammerhead and Turbot discoveries in its Stabroek license offshore Guyana.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”fade-in” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]\n

Updated – 4th December, 2020<\/h4>\n[\/vc_column_text][nectar_image_with_hotspots image=”10951″ preview=”https:\/\/www.westwoodenergy.com\/wp-content\/uploads\/2020\/11\/Subsea-Tree-Tracker-December-2020.jpg” color_1=”Extra-Color-1″ hotspot_icon=”plus_sign” tooltip=”hover” tooltip_shadow=”large_depth” animation=”true”][nectar_hotspot left=”50.27262657880783%” top=”45.38484361436632%” position=”right”]Malaysia: TechnipFMC was awarded the contract to supply eight subsea trees for Shell\u2019s Gumusut Phase III project in 3Q 2020. The order brings the total 2020 subsea tree award count in Malaysia to 18 units.[\/nectar_hotspot][\/nectar_image_with_hotspots][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” column_position=”default” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” animation_type=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]\n