Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) Market to Expand with Significant CAGR During 2025
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.
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The
reserves from onshore fields and shallow water wells are in almost
depletion state. Hence, exploration and production companies are
focusing on deeper water prospects. New platforms are being
unceasingly installed in different parts of the world and operate in
deeper waters (300m to 3,050 m). The safe and efficient
interconnection from the topside of the platform /vessels to well
heads and pumps on the seafloor is necessary to transfer products,
power, and data. Hydraulic and other fluids are also transferred from
one platform to another in same or different reservoir blocks to
guarantee reliable oil extraction operations.
Electric
power is locally generated and distributed to various appliances,
platforms, and onshore sites in order to lower the overall
operational costs of oil and gas exploration and production projects.
Broadband communication systems play an important role in modern
communication and process control systems. Subsea risers, umbilicals,
and flowlines form a vital link between multiple centers of operation
within the field of exploration and production. These SURF can
withstand high mechanical and chemical stresses, and high operating
temperatures and pressures. They ensure continuous and reliable
supply of services in harsh environments below the sea.
Subsea
umbilicals are designed to suit static and dynamic applications in
water depths of up to 2,500 meters. They are composed of a
combination of hydraulic lines (thermoplastic hoses or steel alloy
tubes), low-voltage electrical control cables, medium-voltage power
transmission cores, and optical signal components.
Subsea
line pipes (flowlines) can withstand extreme environments, and offer
high tubing performance, enhanced weldability, and high resistance to
corrosion. Thermoplastic composite pipes (TCP) or flexible pipes,
risers, and spools commonly cope with challenging conditions such as
extreme water depth, sour service, and high pressures. TCP-made
jumpers, risers, flowlines, and spools have the capability to reduce
the cost of transportation and installation of seam/seamless rigid
metal pipes by more than half. TCP also has low weight, excellent
fatigue performance, and sour service capability.
In
terms of water depth, the oil & gas subsea umbilicals, risers,
and flowlines market can be segmented into shallow, deep, and
ultra-deep. Based on subsea connection, the market can be divided
into manifold, subsea tee, pipe, pumps, and others. In terms of
topside connection, the market can be segregated into jacket leg
(fixed platform), FPSO, TLP, spar platform, onshore platform, and
others. Based on region, the global oil & gas subsea umbilicals,
risers, and flowlines market can be classified into North America,
Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Key
players operating in the global oil & gas subsea umbilicals,
risers, and flowlines market include Airborne Oil and Gas, VALLOUREC,
Schlumberger, Prysmian Group, and Baker & Hughes.
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