Global Subsea Umbilicals, Risers And Flowlines (Surf) Market Will See A Capital Expenditure (Capex) Of $7,396 Mn In 2017

09 August 2017
Energy

Visiongain’ has launched a new energy report Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Forecast 2017-2027 Including CAPEX and Length, Water Depth Categories – Shallow, Deep and Ultra Deep. Details & Analysis of Contracts, Projects and Programmes PLUS Profiles of Leading Companies in the SURF Market

SURF systems can be divided into two main groups. Umbilicals control elements that have no contact with produced fluids. Risers and flowlines become the main transport system for produced fluids from the subsea production system to the surface processing system.
The global SURF market can be broken down into the three elements (umbilicals, risers, flowlines) and the three water depth categories at which they are deployed (shallow, deep and ultra deep).

The oil price fall has changed the dynamics of the SURF market, and future oil price levels will strongly influence SURF expenditure. This is the case even for natural gas projects, as natural gas is tied to the price of oil in most regions.

As oil and gas production enters increasingly deeper and harsher environments, the challenges for subsea engineering, installation and maintenance become even tougher. When considering that the typical lifespan of a subsea system can be as much as 20 years, with hopes to extend this considerably, the demands on SURF systems are intensified.

The visiongain report analyst commented “Subsea production from existing facilities is expected to be the economical option for oil and gas operators which can help them maintain the production levels to cater the growing energy demand. However, the development of new fixed and floating platforms can prove to be expensive in the low oil environment.”

Leading companies featured in the report who are developing Anaerobic Digestion (AD) facilities include RWL Water Group, Kemira Oyj, Malmberg Water AB, Xylem Inc, APROVIS Energy Systems, Veolia Group, AAT Biogas Technology, Hitachi Zosen INOVA, PlanET Biogas
& GE Water.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Non-Destructive Testing (NDT) Market Report 2021-2031

India, China, Malaysia, and Brazil are all building new bridges, dams, railroads, power plants, and refineries as part of their infrastructural growth. As a result, demand for NDT and inspection services and equipment is expected to rise, propelling the expansion of businesses that provide these services and equipment.

14 October 2021

Read

Visiongain Publishes Liquefied Natural Gas (LNG) Storage Tank Market Report 2021-2031

In many key markets, the fundamental principles for LNG growth – such as falling domestic supply and increased need for energy – remain intact. In the meanwhile, cheap prices allow for extra penetration of LNG.

15 September 2021

Read

Visiongain Publishes Flexible Battery Storage Market Report 2021-2031

The proliferation of the internet and smartphones around the world, as well as increased focus on medical device R&D and adoption of advanced healthcare technologies, as well as rising expenditure on healthcare infrastructure development, particularly in developing economies, are all contributing to the growth of the wearable devices market.

14 September 2021

Read

Visiongain Publishes State-of-Charge (SoC) Market Report 2021-2031

Although the main growth sector in the electric vehicles is lithium batteries in a number of vital medical device, including the ventilators critical to this epidemic (EVs).

07 September 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever