Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Size - By Water Depth (Shallow, Deep, Ultra Deep), By Product (Umbilicals, Risers {SCR, Flexible, Others}, Flowlines), & Forecast, 2024 - 2032

Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Size

Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market was valuated at USD 2.3 billion in 2023 and is projected to observe around 6.1% CAGR between 2024 and 2032. Rising exploration and operations across deep offshore oil fields along with increasing demand for reliable systems able to transport O&G to the processing facilities will influence the industry dynamics.
 

Accelerating investments for exploration of hydrocarbon reserves across water bodies and rising installation of floating rigs is set to complement the business landscape. For instance, in July 2024, Egyptian government announced to invest USD 200 million with five companies including Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company among others for the exploration of oil & gas.
 

Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Trends

The Middle East & Africa subsea umbilicals, risers and flowlines (SURF) industry is anticipated to grow owing to growing focus toward developing deep offshore fields coupled with changing offshore oil and gas exploration dynamics. Flourishing investments for the production and exploration of hydrocarbon reserves in various water depths and expenditure for maintenance of prevailing infrastructure will complement the industry outlook. Moreover, ongoing technological enhancements favorable regulatory landscape and changing energy dynamics are some of the key factors augmenting the industry landscape.

 

Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Analysis

Shallow depth segment is likely to reach USD 2.4 billion by 2032. Rising investment for expansion of oil & gas offshore projects along with continuous implantation of advanced recovery techniques complementing the business landscape. Growing adoption of automation and digitalization along with influx of new strategies by several regional oil companies for allocation of substantial budgets of production and exploration will further shape the shallow depth SURF industry landscape.
 

Flowlines segment is anticipated to witness over 5.5% CAGR through 2032. Growing inclination toward rigid & flexible flowline solutions along with increasing automation and digitalization of drilling operations will positively influence the business dynamics. Rising demand for energy resources attributed by continuous research & development initiatives for introduction of advanced technologies and functionalities in these units further boost the flowlines industry outlook.
 

Subsea umbilical industry is set to grow owing to the favorable outlook for deep and ultra-deepwater drilling operations and the capacity of these systems to deliver electric signal transmission and chemical fluid while remaining dependable and affordable. Furthermore, implementation of stringent government regulations to guarantee safety during deep-sea underwater activities will further augment the industry landscape.
 

UAE subsea umbilicals, risers and flowlines market isp predicted to hit USD 780 million by 2032. Increasing adoption of subsea umbilicals, risers and flowlines to enhance energy efficiency and optimize operations is anticipated to shape the industry dynamics. Growing consumption of hydrocarbons coupled with the presence of vast untapped potential of offshore oil & gas reserves will stimulate the industry dynamics. Moreover, significant investments by key players, expansion of major offshore fields, and increased production capacity are among the key parameters augmenting the business landscape.
 

Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Share

Key players operating across the Middle East & Africa subsea umbilicals, risers and flowlines industry are focusing on making strategic agreements, collaborations, for projects and introducing innovative technologies to enhance their competitive edge over the others. Major companies including SLB, Halliburton, Aker Solutions, TechnipFMC plc, Baker Hughes Company, and SUBSEA7 among other, holds majority of the market share.
 

Middle East & Africa Subsea Umbilicals, Risers and Flowlines Market Companies

Major manufacturers operating across the industry consists of:

• Aker Solutions
• ArcelorMittal Downstream Solutions
• Aquaterra Energy Limited
• Baker Hughes Company
• Dril-Quip, Inc.
• Halliburton
• John Wood Group PLC
• Oil States Industries, Inc.
• Oceaneering International, Inc.
• Prysmian Group
• SUBSEA7
• SAIPEM SpA
• SLB
• Tenaris
• TechnipFMC plc
• VALLOUREC
   

Middle East & Africa Subsea Umbilicals, Risers and Flowlines (SURF) Industry News

• In May 2024, Subsea7 was awarded with a contract by the Türkiye Petroleum Offshore Center for the development of Sakarya natural gas field located in the Black Sea. The company will install subsea risers, mooring systems, hook ups and umbilicals. In May 2023, a consortium including SLB, Saipem and Subsea Integration Alliance, was awarded an initial contract for the EPC, and installation of the second development phase (2a) of the Sakarya natural gas field.
   
• In March 2024, Alleima introduced the SAF 3007 subsea umbilical alloy, that is designed for challenging offshore oil & gas operations. This alloy is the company’s latest duplex stainless-steel grade made for subsea umbilicals. It is specifically developed to perform well in harsh deepwater environments owing to its superior strength, fatigue properties, and corrosion resistance. The new generation super-duplex seamless tubing, created especially for the offshore oil & gas sector, is represented by the new tube product.
   

This Middle East & Africa subsea umbilicals, risers and flowlines 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 Water Depth

• Shallow
  • Umbilicals
  • Risers
    • SCR
    • Flexible
    • Others
  • Flowlines
• Deep
  • Umbilicals
  • Risers
    • SCR
    • Flexible
    • Others
  • Flowlines
• Ultra-Deep
  • Umbilicals
  • Risers
    • SCR
    • Flexible
    • Others
  • Flowlines

Market, By Product

• Umbilicals
• Risers
  • SCR
  • Flexible
  • Others
• Flowlines

The above information has been provided for the following countries:

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