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