Oil and Gas Infrastructure Security Market - Industry Research Report, 2014 - 2020

Albany, NY -- (SBWIRE) -- 07/06/2015 -- Global energy demand is expected to rise by as much as 50% over the next 25 years. This combined with depletion of existing fossil fuel reserves will mean extensive exploration and production activities by the offshore oil and gas industry in the years to come. 75 percent of this increased requirement is expected to come from the developing world. Security provides industries the freedom to find, develop and manage assets and to deliver services and supplies without interference. Being secure is a result of having the correct strategy through innovative technology, supported by rigorous systems management. Even a simple standalone offshore well site's risk assessment must consider type of fluids produced, well pressure, directional configuration, measured depth and vertical depth, water access, location, sub-surface safety valve, well maturity and reserves, damage containment, and possible collateral damage. The oil and gas infrastructure security market will experience steady growth over the next lustrum. The unconventional oil and gas boom, the expansion of the LNG infrastructure supply chain, continued offshore developments and the emergence of the digital oilfield are all prime factors for new security solution spending.
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