Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market growth to Grow with a robust CAGR through to 2028

Rise in new exploration policies, the surge in energy demand, and the declining E&P cost of deep water is expected to drive the Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market - By Country, Competition, Forecast and Opportunities, 2018-2028”, the Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market is expected to register a robust during the forecast period, 2024-2028. The rapid progress in subsea production systems is poised to propel the market forward. SURF systems encompass various categories or types within each segment, including umbilicals, risers, and flowlines. Integration of umbilicals with risers has eliminated the need for external risers, resulting in more compact and convenient equipment that may require less oversight compared to traditional methods. As previously mentioned, the swift advancement in subsea systems has significantly boosted the global market for SURF (subsea, umbilical, risers, and flowlines), ushering in a new era of technological advancement with a focus on convenience.

MEA possesses significant untapped deepwater and ultra-deepwater hydrocarbon reserves, particularly in regions such as the Gulf of Guinea, the Eastern Mediterranean, and the Red Sea. The exploitation of these reserves necessitates advanced SURF systems, thereby creating prospects for SURF equipment and service providers.

As numerous offshore fields in MEA mature, there is an increasing requirement for asset integrity programs and lifecycle extension projects. SURF components play a crucial role in these initiatives, presenting opportunities for maintenance, upgrade, and replacement services.

Browse over XX market data Figures spread through 135 Pages and an in-depth TOC on "Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market”

Based on product, Flowlines segment has emerged as the predominant market leader. Several countries in the Middle East and Africa (MEA) have implemented local content requirements, which mandate a specific percentage of project materials and labor to be sourced locally. Flowline companies have the opportunity to collaborate with local manufacturers and suppliers to fulfill these requirements while also fostering the growth of the local industry. Moreover, MEA countries are placing increasing importance on environmental sustainability, which encourages the adoption of advanced technologies and practices in flowline design and operation. This ensures minimal environmental impact and compliance with regulatory requirements. In conclusion, the Flowlines segment of the MEA Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market presents both challenges and opportunities. The region's focus on deepwater exploration, brownfield development, and adherence to environmental regulations creates a dynamic landscape for flowline manufacturers and service providers. To thrive in this segment, companies should prioritize investment in innovation, digitalization, and sustainable practices while closely monitoring regional trends and regulatory developments. 

Based on type, Shallow Water segment is expected to grow during the forecast period. The Shallow segment of the MEA SURF market pertains to subsea infrastructure in shallow water environments, typically with water depths less than 500 meters. This segment encompasses subsea umbilicals, risers, and flowlines designed for projects closer to the coastline or in areas with shallow offshore reservoirs. Shallow water areas often host marginal or smaller hydrocarbon fields that may be economically viable with the appropriate development strategy. This presents opportunities for SURF companies to support the extraction and transportation of these resources. Aging pipeline infrastructure in shallow waters may necessitate replacement or refurbishment. SURF companies can participate in projects aimed at upgrading these pipelines to enhance safety and efficiency. Similar to other segments of the SURF market, the Shallow segment is witnessing increased adoption of digital technologies for real-time monitoring and maintenance. This trend improves operational efficiency and aids in the prompt detection and resolution of issues. Integrated solutions that combine subsea umbilicals, risers, and flowlines are gaining popularity in shallow-water projects. These solutions offer streamlined project management and cost savings. In conclusion, the Shallow segment of the MEA Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market presents a range of opportunities, particularly in supporting marginal field development, pipeline replacement, and renewable energy projects. As environmental considerations assume greater importance, companies that prioritize sustainability and compliance with local regulations will be well-positioned to succeed in this segment.

Major companies operating in Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market are:

• TechnipFMC
• Subsea 7
• Saipem
• National Oilwell Varco
• McDermott International
• Nexans
• Prysmian Group
• Oceaneering International
• Aker Solutions
• Hyundai Heavy Industries

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“South Africa is expected to dominate the market during the forecast period. South Africa places a significant emphasis on environmental sustainability and strict adherence to environmental regulations. SURF companies engaged in South African projects must prioritize the use of environmentally friendly technologies and practices, demonstrating compliance and fostering trust among local stakeholders.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market By Product (Flowlines, Umbilicals and Risers), By Type (Shallow Water, Deep Water and Ultra Deep Water), By Country, By Competition Forecast & Opportunities, 2018-2028”, has evaluated the future growth potential of Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Middle East & Africa Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York 10017

Tel: +1-646-360-1656

Email: [email protected]

Website: https://www.techsciresearch.com