Oil & Gas Subsea Umbilicals, Risers, and Flowlines: Market Overview
Offshore oil extraction activities have been increasing since the last few years. The major oil companies and its contractors have been banking on the low crude oil prices. Strategic oil storage is one of the major reasons to undertake offshore oil and gas projects despite the fluctuation in crude oil prices.
Production of oil & gas from the known, old, and mature fields has started declining. As a result, companies are now seeking newer fields. These fields are located in deeper waters as compared to the mature fields. They are situated in the less explored locations of the world such as Latin America, West Africa, and the North Sea. SURF is primarily employed in these deep offshore fields. SURF helps connect the surface systems and subsea production. In line with this objective, SURF can be ... Read more
Oil & Gas Subsea Umbilicals, Risers, and Flowlines: Market Overview
Offshore oil extraction activities have been increasing since the last few years. The major oil companies and its contractors have been banking on the low crude oil prices. Strategic oil storage is one of the major reasons to undertake offshore oil and gas projects despite the fluctuation in crude oil prices.