Recently, the Swiss ABB Group and Norway's National Oil Company reached an agreement to jointly invest 600 million yuan to develop 3,000 meters of power transmission and distribution technology at sea. The technology by the same cable to the compressor, water pump and other multiple loads, replacing the previous load a cable design, thereby reducing the cost of millions of dollars cable. Submarine transmission and distribution equipment construction site At present, most of the proven offshore oil and gas resources in the world are found on the seafloor below 3,000 meters. In order to increase oil recovery and operating power, NLP is gradually moving more and more equipment to the sea floor. Underwater platforms that are located on the seabed can enhance oil recovery and operational power compared to offshore platforms. At the same time, but also reduce the amount of cable. With the investment in offshore infrastructure, seabed exploration, oilfield development in the Shamian area, the pace of development of the marine industrial economy will continue to grow substantially in the next five years, especially in West Africa, North America and Europe. Submarine power system market is in a period of rapid growth. Submarine cable as a power link in the sea power system, played a decisive role. The rapid growth of the subsea power system is bound to drive the demand for submarine cables. MarketsandMarkets, the US market research agency, said in the 2018 Subsea Power Market Research Report that by the year 2018, the global market size of the subsea power grid will increase from 1.1966 billion U.S. dollars (about 7.3 billion U.S. dollars) in 2013 to 23.651 One hundred million US dollars (about 14.5 billion yuan), a compound annual growth rate of 11.9%. The Africa region is the world's largest end-user market for subsea grid services and solutions. Submarine cable is considered the top of the pyramid wire and cable products. Whether it is product design, production equipment, construction has a very high gold content. The high demand for the performance of the submarine cable destined the submarine cable market is a highly profitable market. Italy a offshore oil platform length of more than 230 kilometers of submarine cable, the cost of submarine cable more than 40 million US dollars, an average of nearly 180,000 US dollars per km submarine cable. Sand Casting Copper,Steel Sand Casting Process,Sand Cast Copper Parts,Copper Sand Casting Wuxi Zhenzhe Electric Power Technology Co.,Ltd , https://www.zhenzhecasting.com