Middle East & Africa Subsea Risers Market Size – By Depth (Shallow, Deep, Ultra Deep), By Product (SCR, Flexible), & Forecast, 2024 - 2032

Middle East & Africa Subsea Risers Market Size

Middle East & Africa Subsea Risers Market was valued at over USD 331.7 million in 2023 and is anticipated to grow at a CAGR of 7.5% between 2024 and 2032.
 

Ongoing expansion of operations in offshore oil fields to transport oil & gas across processing facilities will augment the business outlook. Growing investments in exploring hydrocarbon reserves in water bodies, coupled with increasing installation of floating rigs, will further complement the industry landscape.
 

Middle East & Africa Subsea Risers Market Trends

The Middle East & Africa subsea risers industry is anticipated to grow on account of driven by increasing investment across deep offshore fields and evolving offshore exploration activities, along with investments in hydrocarbon production and infrastructure maintenance. For instance, in June 2024, Abu Dhabi National Oil Co. finalized its investment decision to construct an LNG plant in Ruwais's industrial city. This initiative will boost gas export capacity by 9.6 million tons annually and more than double ADNOC production capability. Furthermore, ongoing technological advancements in both rigid and flexible riser solutions, coupled with favorable regulatory environment for oil and gas sector, have positively shaped the industry's landscape.
 

Middle East & Africa Subsea Risers Market Analysis

The shallow depth segment is likely to cross over USD 350 million by 2032. Rising investments in offshore oil and gas project expansions and the ongoing use of advanced recovery techniques will augment the industry landscape. Additionally, advancements in materials and engineering have improved the performance and reliability of risers, further augmenting product deployment. Furthermore, increasing embrace of automation and digitalization, as well as the fresh strategies being rolled out by regional oil companies, which are allocating significant budgets to both production and exploration further influencing the shallow depth SURF business landscape.
 

The deep depth segment is set to experience significant expansion driven by the abundant availability of rich oil fields and active extraction of natural gas and oil. Rising investments in ultra-deep and deep and hydrocarbon fields along with rising petrochemical production to cater to various industrial operations will complement the industry landscape.
 

The flexible segment is anticipated to witness more than 7% CAGR through 2032, driven by active oil fields and ongoing extraction of natural gas and oil from oilfields. Flourishing investments in hydrocarbon reserves and growing emphasis on petrochemical production will further accelerate product deployment. Moreover, a paradigm shifts toward dependence on imported energy, coupled with ongoing R&D investments and introduction of innovative riser technologies, will further positively influence the industry landscape.
 

The UAE subsea risers market revenue to hit USD 120 million by 2032. Abundant offshore oil and gas reserves, coupled with active exploration and production activities, is set to complement the business landscape. Growing emphasis on energy conservation and rising investments in discovery of new crude oil reserves will further boost the industry outlook. Furthermore, rising investments in subsea projects, coupled with an increasing demand for energy-efficient systems and growing deployment of floating rigs, will positively influence the Middle East & Africa SURF business dynamics.
 

Middle East & Africa Subsea Risers Market Share

Key players in the subsea risers industry across the Middle East & Africa are forging strategic ventures including agreements & collaborations, while introducing advanced technologies, to boost their product reach & market presence. Major players across the market are Aker Solutions, Aquaterra Energy Limited, Baker Hughes, TechnipFMC, SUBSEA7 and John Wood Group PLC, and, among others.
 

Middle East & Africa Subsea Risers Market Companies

Major manufacturers operating across the industry consists of:

• Acteon Group Operations (UK) Limited.
• Aker Solutions
• Aquaterra Energy Limited
• Baker Hughes Company
• Dril-Quip, Inc.
• Hunting plc
• John Wood Group PLC
• Kinetic Pressure Control
• Oil States Industries, Inc.
• SLB
• Subsea7
• TechnipFMC plc
• Tenaris
• Vallourec
• Weatherford
   

Middle East & Africa Subsea Risers Industry News

• In July 2024, Subsea7's vessel, Seven Borealis, completed its offshore operations for Saudi Aramco's Marjan increment project in Saudi Arabia. In 2023, the vessel installed 4 jackets, 13 risers, 9 topsides (PDM), and 20 pipelines. This involved lifting 14,000 MT of steel and laying 171 km of pipelines, achieving 1 million safe man-hours without any Lost Time Injuries (LTI). The Marjan increment program targets oil, associated gas, non-associated gas, and cap gas from the Marjan offshore field, including a new gas-oil separation plant and 24 offshore platforms.
   
• In June 2023, Aquaterra Energy, in partnership with TPMC, announced to supply offshore riser equipment & services for decommissioning eight wells at an 80 m water depth offshore located in Abu Dhabi. The project, for an unnamed major operator, is set for completion by 2028. The company will provide a completion and workover riser system with AQC-CW connectors, a subsea riser system, tieback engineering, and rig modifications. The riser system is designed for depths up to 1,500 m, ensuring repeated use and a gas-tight metal-to-metal seal.
   

The Middle East & Africa subsea risers market research report includes in-depth coverage of the industry with estimates & forecast in terms of “‘000 Feet and USD Million” from 2021 to 2032 for the following segments:

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Market, By Depth

• Shallow
  • SCR
  • Flexible
  • Others
• Deep
  • SCR
  • Flexible
  • Others
• Ultra-Deep
  • SCR
  • Flexible
  • Others

Market, By Product

• SCR
• Flexible
• Others

The above information has been provided for the following countries:

• Angola
• Nigeria
• Egypt
• Qatar
• Saudi Arabia
• UAE