Global Subsea Umbilicals, Risers & Flowlines (SURF) Market to be Worth $7,624M in 2014, According to a New Study on ASDReports

Wednesday 11 March 2015, Amsterdam

The new report, now available on ASDReports, Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Forecast 2014-2024: Future Prospects For Leading Players, highlights that the global SURF market will reach a CAPEX value of $7,624m in 2014 as a result of continued interest in subsea production systems.

The lead analyst of the report commented that: ‘The Subsea Umbilicals, Risers & Flowlines (SURF) market is currently experiencing significant opportunities for growth. Prospects from both marginal field development and deep and ultra-deepwater are providing stimulus to the market. This is particularly being felt in South America, West Africa, Australia, the North Sea and the Gulf of Mexico, where the deployment of SURF is facilitating longer and deeper subsea tie-backs. This trend is set to continue as subsea markets continue to develop globally as a response to the continued need to increase oil & gas production. Technological improvements in the SURF market are therefore leading to solutions for amplified offshore oil & gas field development. Crucially, restraints do remain. Issues with supply chain bottlenecks, limits in specific subsea experience, project delays and increasing costs are all providing some barriers to the growth of the global SURF market. This has particularly been witnessed in areas such as Brazil and West Africa. However, with the aspiration for greater E&P in deeper and more challenging environments, alongside improvements in regulation, market accessibility, and financing opportunities, the SURF market is set to play a consistently vital role in the global offshore oil & gas market.

The 201 page report contains 127 tables, charts and graphs that add visual analysis in order to explain developing trends within the SURF market. The report provides forecasts for the period 2014-2024 in terms of CAPEX for the global market, as well as for 6 regional markets (Europe, South America, Africa, the Gulf of Mexico, Asia-Pacific and the Rest of the World). The global SURF Market is broken down into three submarkets (Shallow Water, Deepwater and Ultra-Deepwater) with forecasts and analysis included for the period 2014-2024. The report provides profiles of 8 leading companies operating within the market, and includes an exclusive interview with EMAS AMC who are a major company involved in the industry.

The Subsea Umbilicals, Risers & Flowlines (SURF) Market 2014-2024 will be of value to current and future potential investors into the SURF industry, as well as companies and research centres who wish to broaden their knowledge of the SURF industry’s global and regional markets.