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.
The research report provides valuable insights into demand drivers, geographical outlook, and competitive landscape of the Subsea Umbilicals, Risers, and Flowlines (SURF) Market for the 2017-2025 forecast period. Further, it throws light on restraints as well discusses opportunities at length that are likely to come to the fore over the forecast period. The analysis thus provided helps Market stakeholders with business planning and to gauge scope of ... Read more
The SURF (Subsea Umbilicals, Risers, and Flowlines) market is estimated to be valued at US$ 43.47 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
SURF (Subsea Umbilicals, Risers, and Flowlines) are an integral part of offshore oil and gas production operations as they enable subsea oil ... Read more
