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Middle East & Africa Subsea Risers Market Trends

Report ID: GMI11285
Published Date: Sep 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

Middle East & Africa subsea risers market size was worth over USD 331.7 million in 2023 and is expected to register 7.5% CAGR from 2024 to 2032, due to the ongoing expansion of operations in offshore oil fields to transport oil & gas across processing facilities in the region.

Middle East & Africa subsea risers industry from the shallow depth segment is expected to reach over USD 350 million by 2032, due to the rising investments in offshore oil and gas project expansions and the ongoing use of advanced recovery techniques.

UAE subsea risers industry is expected to reach over USD 120 million by 2032, due to abundant offshore oil and gas reserves, coupled with active exploration and production activities in the country.

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, and Weatherford, are some of the major subsea risers companies in Middle East & Africa.