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

Report ID: GMI10741
Published Date: Aug 2024
Report Format: PDF

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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.

Authors: Ankit Gupta, Manish Dhiman

Frequently Asked Questions (FAQ) :

MEA market for subsea umbilicals, risers and flowlines (SURF) was worth over USD 2.3 billion in 2023 and is projected to observe 6.1% CAGR through 2032, due to rising exploration and operations across deep offshore oil fields along with increasing demand for reliable systems

The shallow depth segment in the Middle East & Africa subsea umbilicals, risers and flowlines (SURF) industry is anticipated to exceed USD 2.4 billion by 2032, owing to rising investment for expansion of oil & gas offshore projects.

UAE subsea umbilicals, risers and flowlines industry size is set to exceed USD 780 million by 2032, due to increasing adoption to enhance energy efficiency and optimize operations.

Aker Solutions, ArcelorMittal Downstream Solutions, Aquaterra Energy Limited, Baker Hughes Company, Dril-Quip, Inc., Halliburton, John Wood Group PLC, Oil States Industries, Inc., and Oceaneering International, Inc.