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Market Characteristics

The Asia-Pacific region of subsea activity is mainly concentrated in Australia, China, Indonesia,  Malaysia and Vietnam; however, other countries such as India, Korea and the Philippines have had some activity. The Asia-Pacific region has the least number of installed subsea completions, but is the region with the highest growth rate.

Although there are some large field development projects in the region, most of the projects historically have been marginal shallow-water subsea developments under 1,300 feet (400 meters) and have well pressures which typically do not exceed 5,000 psi with less than six wells. There are currently several deep-water 10,000 psi large-well-count projects in the region either under development or in appraisal/FEED study phase. Asia's largest subsea developments which have been supplied by FMC Technologies are: BP Liuhua in offshore China, Woodside's Enfield and Pluto in offshore Australia.

FMC holds a frame agreement with Woodside in Australia and a supply agreement with Shell in Malaysia.