Trelleborg Bags an Offshore Oilfield Development Project in UAE

Increasing number of oilfield development projects will surge the use of Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) equipment

UAE: Trelleborg, a Swedish engineering group, has won a key UAE engineering contract, which includes an offshore oilfield development project. Trelleborg will complete the installation of an accommodation platform, a gas treatment platform and a separation platform apart from supplying floatover equipment for the project. Trelleborg recently fabricated and delivered 22 sway fenders, capable of withstanding up to 320-tonne, along with the six surge fenders, capable to bear 75-ton per unit, for use across each of the three platforms.

TechSci Research depicts that increasing offshore field development can be attributed to technological innovations in the field of subsea equipment, which allows safe operations and efficient interconnections from topside platforms and vessels to wellheads installed on the seabed. Also, recovery in crude oil prices is projected to propel offshore exploration and production activities and this is anticipated to boost growth in global oil and gas SURF market during 2016-2021.

According to a released report by TechSci Research, “Global Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By Component, By Application (Deepwater, Shallow Water, etc.), By Region (Europe, North America, etc.), Competition Forecast and Opportunities, 2011-2021” , the global market for oil & gas SURF is projected to grow at a CAGR of over 12% during 2016-2021. Flowlines dominated global oil & gas SURF market, on account of rising production from offshore fields, which require flowlines to be installed to bring the produced oil and gas from the seabed to the surface processing facility. With crude oil prices recovering and stabilizing, and companies are increasing offshore exploration activities.