Market 2015 - 2025 Oil and Gas
Subsea Umbilicals, Risers and Flowlines

With oil and gas production from mature fields declining, prospects offshore and in deeper waters are attracting more attention as a source to meet increasing oil and gas consumption. Such projects require subsea umbilicals, risers and flowlines (SURF) to be developed. According to Visiongain's analysis, the global SURF market will reach US$7.73 billion in 2015.

Key regions such as West Africa, South America, the Gulf of Mexico and the North Sea will draw a lot of interest with regards to the growth of their subsea market. Due to SURF's pivotal role in connecting subsea production with surface systems, the SURF market has many opportunities within these regions and in new emerging markets in parts of Asia-Pacific, Europe and Africa.

Subsea production of oil and gas is very complex, with the production wellhead situated on the seabed rather than on a platform. As such, a vast amount of technological solutions are required to ensure successful oil and gas production, in environments where human activity is not possible.