With oil & gas production from mature fields declining, prospects offshore and in deeper waters are attracting more attention as a source to meet increasing oil & gas consumption.
Such projects require Subsea Umbilicals, Risers & Flowlines (SURF) to be developed.
According to visiongain’s analysis the global SURF market will reach $7.73bn in 2015.
Key regions such as West Africa, South America, the Gulf of Mexico and the North Sea will draw a lot of interest with regards to the growth of their subsea market.
Due to SURF’s pivotal role in connecting subsea production with surface systems, the SURF market has many opportunities within these regions and in new emerging markets in parts of Asia-Pacific, Europe and Africa.
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