Middle East and Africa Umbilicals Market Size - By Depth, Analysis, Share, Growth Forecast, 2025 - 2034

Middle East & Africa Umbilicals Market Size

Middle East & Africa Umbilicals Market was valued at USD 880.2 million in 2024 and is estimated to grow at a CAGR of 6.4% from 2025 to 2034. Increasing demand for energy, ongoing shift towards deeper offshore oil & gas exploration complementing the business landscape. Companies are increasingly focusing on developing technologies and strategies to access resources in more challenging environments coupled with efforts to improve extraction efficiency from various types of reserves, will positively influence the industry dynamics.
 

Continued investments in offshore projects, deployment of floating rigs, and increasing demand for robust systems to transport oil and gas from underwater sources to processing facilities will further contribute to the industry growth. For instance, in September 2024, PETRONAS has been awarded a new oil & gas exploration concession by the SCFEA for an Onshore Block 2 located in the Al Dhafra region. This 7,300 km2 area represents PETRONAS Abu Dhabi's third concession in the region. Under the terms of the agreement, the company will hold full equity and operational control during the exploration phase, further strengthening its position in Abu Dhabi's energy sector.
 

Middle East & Africa Umbilicals Market Trends

The umbilicals market in Middle East & Africa is anticipated to grow on account of increasing offshore energy exploration along with ongoing discovery of new oil and gas reserves in deep-sea locations. Rising demand for essential components that connect offshore platforms to subsea equipment coupled with energy sector's push towards offshore resources driven by growing energy requirements will complement the business landscape. Continuous advancements in technology, designed to withstand greater depths and harsher environments for ultra-deepwater exploration and production will stimulate the product penetration. Ongoing projects across the region coupled with availability of abundant oil & gas reserves across various water depths will positively influence the industry dynamics.
 

Middle East & Africa Umbilicals Market Analysis

The shallow segment is set to reach over USD 910 million by 2034. Increasing investments in production and exploration activities across the oil & gas sector along with technological advancements, particularly in system design, are playing a crucial role in shaping the industry landscape. Rising demand for oil and gas products from refineries and petrochemical industries and ongoing discovery of new oil fields and the exploitation of marginal oil reserves are further contributing to the industry growth.
 

UAE umbilicals market is likely to exceed USD 310 million by 2034. Development of unconventional resources, exploration of new crude oil reserves and ongoing investments in digital and automated drilling technologies to boost production will augment the business landscape. Rising energy demand, abundant availability of rich oil & gas reserves, favorable policies toward hydrocarbon exploration will further complement the business landscape.
 

Middle East & Africa Umbilicals Market Share

Key players in the subsea umbilicals market are prioritizing strategic partnerships and collaborations for new projects. They are also introducing advanced technologies to strengthen their market position. Ongoing initiatives, including mergers and acquisitions, along with the expansion of manufacturing facilities by major industry participants, are expected to significantly influence industry dynamics throughout the forecast period.
 

Middle East & Africa Umbilicals Market Companies

Major players operating across the industry include:

• Aker Solutions
• Baker Hughes
• Halliburton
• McDermott
• Nexans
• NOV
• Oceaneering
• OneSubsea
• Saipem
• Syensqo
• TechnipFMC
• Tenaris
• Tratos
• Vallourec
• Wood Group
   

Middle East & Africa Umbilicals Industry News

• In May 2024, Azule Energy Angola SPA has granted Saipem SPA a significant contract for the Ndungu field off Angola's coast. This contract was valued at USD 850 million, involves extensive engineering and installation work. The company will handle the engineering, production, transport, and setup of about 60 km of rigid pipelines and subsea equipment at depths near 1,100 meters. The project also includes installing flexible flowlines, jumpers, and 17 km of umbilicals. Saipem plans to use its Ambriz, Angola facility for fabrication and will deploy its own vessel for installation tasks.
   
• In August 2023, Aker Solutions has secured a significant contract from Azule Energy for the Ndungu project off Angola's coast. This contract was valued between USD 48.57 million and USD 145.7 million, include supplying over 25 kilometers of subsea umbilicals. This project is part of the larger Agogo Integrated West Hub development in Block 15/06, where Aker Solutions recently won a similar contract for the Agogo field. The agreement strengthens the company’s position in Angola's offshore energy sector and highlights the company's expertise in subsea technologies.
   

This Middle East & Africa umbilicals market research report includes in-depth coverage of the industry with estimates & forecast in terms of “’000 Feet” and “USD Million” “‘from 2021 to 2034, for the following segments:

Click here to Buy Section of this Report

Market, By Depth

• Shallow
• Deep
• Ultra Deep

The above information has been provided for the following countries:

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