Press Release

EU Subsea Umbilicals, Risers, and Flowlines (SURF) Market to Grow at 11%

Increasing offshore hydrocarbon exploration activities to drive Europe oil & gas subsea umbilicals, risers, and flowlines (SURF) market through 2021

According to TechSci Research report Europe Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By Component, By Application, Competition Forecast and Opportunities, 2011-2021, the market for oil & gas SURF in Europe is projected to exhibit a CAGR of over 11% during 2016-2021, on account of rising output from offshore fields. As the era of easy oil is over, companies are going offshore in deep and ultradeep waters. Offshore field development requires subsea umbilicals, risers and flowlines to be installed to bring oil or gas from seabed to surface processing plant. Increase in offshore oil and gas exploration activities is projected to boost growth in Europe oil & gas SURF market through 2021.

Browse 4 market data Tables and 13 Figures spread through 63 Pages and an in-depth TOC on "Europe Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, 2011-2021"

https://www.techsciresearch.com/report/europe-oil-gas-subsea-umbilicals-risers-and-flowlines-surf-market-by-component-shallow-water-deepwater-ultra-deepwater-by-application-deepwater-shallow-water-etc-competition-forecast-and-opportunities/1002.html

Norway is one of the pioneers in developing offshore fields. The first wave of subsea field development started in North Sea. Moreover, this region dominated Europe oil & gas subsea umbilicals, risers, and flowlines market over the past few years. Hence, aforementioned developments are anticipated to fuel demand for oil & gas subsea umbilicals, risers and flowlines in Europe during the forecast period. Rising demand for oil & gas SURF equipment in the region can be attributed to recovery in crude prices and improvements in financial situation of upstream players.

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“Deepwater application dominated Europe oil & gas SURF market, on account of new offshore oil and gas discoveries. Also, implementation of government policies and regulations supporting offshore exploration are anticipated to trigger growth in Europe oil & gas SURF market during the forecast period”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Europe Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By Component, By Application, Competition Forecast and Opportunities, 2011-2021has evaluated Europe oil & gas SURF market and provides statistics and information on market structure, industry behavior and trends. The report includes market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges, and opportunities available in Europe oil & gas SURF market.

 

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Europe Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market By Component (Shallow Water, Deepwater, Ultra-Deepwater), By Application (Deepwater, Shallow Water, etc.), Competition Forecast and Opportunities, 2011-2021

Oil and Gas | May, 2017

Increasing offshore hydrocarbon exploration activities to drive Europe oil & gas subsea umbilicals, risers, and flowlines (SURF) market through 2021

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