Subsea tree orders are on track to cross 200 units this year, according to Westwood’s Global Subsea Tree Tracker. The firm stated in a September 4 report that as of the end of August 2025, “108 subsea tree units had been awarded year-to-date.”
Westwood predicts a further 128 units will be awarded over the remainder of the year. of this amount, 34 units have received a letter of intent, while another 62 units are classified as ‘Firm,’ indicating a high level of confidence in their execution.
This outlook suggests that the subsea sector is holding steady despite ongoing macroeconomic challenges and oil prices being lower than earlier projections.
Guyana’s Stabroek Block drives global subsea tree demand – Westwood | OilNOW
The data shows that offshore Norway has been a major driver, with “contracting activity in 2025 significantly supporting year-to-date subsea tree awards, accounting for 37% of contracted units.”
Projects such as Equinor’s Fram Sør and Johan Sverdrup Phase 3, Aker BP’s East Frigg, and Vår Energi’s Balder have underpinned these results.
Looking further ahead, Westwood estimates, “A visible base-case demand outlook for subsea tree units from 2025 to 2029 at 1,413 units, representing a slight decline compared to last month’s forecast.”
It added that outside the Americas, major gas developments offshore East Africa, the Eastern Mediterranean, and the Asia-Pacific region will remain critical to sustaining the demand outlook.
