Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 745.17 million

CAGR (2023-2028)

6.93%

Fastest Growing Segment

Shallow Water

Largest Market

United States


Market Overview

North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market has valued at USD 745.17 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.93% through 2028. The market growth can be attributed to the increasing offshore drilling activities. Additionally, the global demand for oil and natural gas is expected to contribute to the market expansion. Offshore drilling has played a significant role in the production of over 1% of gas and more than 12% of crude oil in the US. Moreover, the market growth of subsea umbilicals, risers, and flowlines (SURF) is believed to be fueled by the advancements in deep-sea developments.

Key Market Drivers

Increasing Offshore Exploration and Production Activities   

The North America Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market is witnessing significant growth, primarily fueled by the increasing offshore exploration and production activities in the region. Offshore drilling has become a crucial element of North America's energy strategy as it provides access to extensive hydrocarbon reserves that are otherwise challenging to exploit. This trend is particularly evident in regions like the Gulf of Mexico, where the exploration and extraction of oil and gas from deepwater reserves are on the rise.

One key factor contributing to this driver is the depletion of easily accessible onshore oil and gas reserves. As these conventional resources dwindle, energy companies are compelled to venture into deeper waters and more challenging offshore environments. To support such endeavors, the demand for SURF systems has surged. Subsea umbilicals, risers, and flowlines are essential components for connecting subsea wells to floating production systems or platforms, enabling the efficient transfer of hydrocarbons from the seafloor to the surface.

Furthermore, technological advancements have made deepwater exploration and production more economically viable. Innovations in drilling techniques, subsea equipment, and materials have improved the reliability and efficiency of SURF systems, further incentivizing offshore projects. These advancements have also led to cost reductions, enhancing the competitiveness of deepwater operations.

The environmental advantages of offshore drilling have also contributed to the growth in this driver. Offshore production often results in fewer environmental impacts compared to onshore activities. This aligns with the growing environmental consciousness and regulatory pressure to reduce the carbon footprint of oil and gas operations. Consequently, oil and gas companies are increasingly shifting their focus to offshore projects, thereby driving the demand for SURF systems.

In summary, the escalating offshore exploration and production activities in North America are a crucial driver for the SURF market. This trend is being propelled by technological advancements, the depletion of onshore reserves, and a heightened awareness of environmental concerns, resulting in soaring demand for subsea umbilicals, risers, and flowlines.


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Replacement and Upgradation of Aging Infrastructure  

Another major driver of the North America Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market is the replacement and upgrade of aging infrastructure. Numerous existing offshore oil and gas facilities in the region have been in operation for decades, leading to signs of wear and corrosion in their subsea infrastructure. To ensure operational efficiency, safety, and compliance with regulatory requirements, energy companies are increasingly investing in the replacement and modernization of these aging SURF systems.

A key factor contributing to this driver is the growing emphasis on safety and environmental regulations. Older subsea infrastructure may not meet the rigorous safety and environmental standards currently in place. To mitigate costly accidents and environmental damage, operators are motivated to upgrade their SURF systems with modern, more reliable components. This includes replacing corroded pipelines and risers with corrosion-resistant materials and installing advanced control and monitoring systems to enhance safety and operational efficiency.

Additionally, the need for enhanced production and operational efficiency is driving the replacement and upgrade of SURF systems. Newer technologies and materials offer improved performance, reducing downtime and maintenance costs. For instance, the use of composite materials in umbilicals and flowlines can extend their lifespan and minimize the risk of failure. Upgraded risers and flowlines with higher capacity and improved corrosion resistance can also enhance production rates and reduce operational disruptions.

Furthermore, the prolonged period of low oil prices prior to the recent recovery exerted pressure on oil and gas companies to cut costs and maximize the efficiency of their existing assets. This encouraged the replacement and upgrade of aging infrastructure as a means to maintain profitability and competitiveness in a challenging market environment.

In conclusion, the replacement and upgrade of aging subsea infrastructure is a significant driver for the North America SURF market. The need to comply with safety and environmental regulations, improve operational efficiency, and adapt to changing market conditions are all factors driving investment in the modernization of subsea umbilicals, risers, and flowlines.

Expansion of Deepwater Reserves  

The North America Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market is being propelled by the expansion of deepwater reserves. With the depletion of shallow water reserves, oil and gas operators are shifting their focus to deeper offshore regions that hold extensive untapped hydrocarbon resources. This expansion into deeper waters necessitates the installation of sophisticated subsea infrastructure, including SURF systems, to facilitate the extraction and transportation of these valuable resources.

One of the primary factors contributing to this growth driver is the geological potential of deepwater reserves. Notably, the subsalt formations in the Gulf of Mexico harbor substantial quantities of oil and gas, albeit at depths that require advanced subsea technology for extraction. Accessing these reserves entails substantial investments in subsea umbilicals, risers, and flowlines capable of withstanding the extreme pressures, temperatures, and corrosive conditions at these depths.

Furthermore, the growth of deepwater reserves aligns with the industry's long-term strategy to secure a stable and diverse energy supply. Deepwater exploration provides a hedge against geopolitical risks associated with onshore and shallow water reserves. By diversifying production sources through deepwater reservoirs, energy security and resilience can be enhanced.

Moreover, advancements in drilling technology, including remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs), have made exploring and developing deepwater reserves more feasible and cost-effective. These technologies enable precise monitoring, maintenance, and intervention at extreme depths, thereby reducing operational risks and costs associated with deepwater projects.

The expansion of deepwater reserves is also driven by increased demand for natural gas, which is considered a cleaner-burning fuel compared to coal and oil. Deepwater gas reserves are particularly attractive for meeting this growing demand. Consequently, energy companies are investing in SURF systems to connect gas wells in deepwater regions to onshore processing facilities.

In conclusion, the expansion of deepwater reserves in North America significantly drives the SURF market. The geological potential, advances in drilling technology, and the strategic importance of diversifying energy sources all contribute to the demand for subsea umbilicals, risers, and flowlines in deepwater exploration and production activities.

Key Market Challenges

Cost Pressures and Budget Constraints  

One of the primary challenges facing the North America Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market is the persistent cost pressures and budget constraints within the oil and gas industry. These pressures arise from various factors, including fluctuating oil prices, increased competition, and the imperative for continuous cost optimization.

Oil prices are highly volatile and can significantly impact the economics of offshore projects. During periods of low oil prices, oil and gas companies tend to curtail their capital expenditures, which can lead to deferred or canceled offshore projects. This directly affects the SURF market, as the demand for subsea infrastructure is closely linked to offshore exploration and production activities.

Moreover, the cost of SURF components and systems themselves can be substantial. The development and manufacture of specialized subsea umbilicals, risers, and flowlines capable of withstanding harsh offshore environments, extreme depths, and corrosive conditions can be costly. This presents a challenge for both suppliers and operators, necessitating a delicate balance between cost-effective solutions and the requirement for reliable and durable equipment.

Budget constraints are further compounded by the long lead times and significant upfront investments associated with offshore projects. Operators must secure financing for exploration and production activities, and this process can be impeded by market uncertainties and economic factors. Consequently, many companies in the oil and gas sector exercise caution when committing to new SURF projects, particularly during times of economic uncertainty.

To address this challenge, the industry is actively seeking cost-saving measures, such as standardization, modularization, and the utilization of advanced materials to extend the lifespan of SURF components. Additionally, operators are exploring partnerships and collaboration models to distribute the financial burden of offshore projects, thereby alleviating individual budgetary constraints.

Environmental and Regulatory Compliance   

One of the notable challenges confronting the North America SURF market is the growing emphasis on environmental and regulatory compliance. The oil and gas industry is facing increased scrutiny and pressure to minimize its environmental impact and adhere to stringent offshore drilling and production regulations.

One of the primary environmental concerns revolves around the risk of oil spills and gas leaks during offshore operations. Subsea umbilicals, risers, and flowlines play a critical role in the secure and efficient transportation of hydrocarbons from the seafloor to the surface. Any failure or leakage in these systems can lead to environmental damage, harm to marine life, and reputational harm to operators. Consequently, the industry faces stringent regulations and requirements for leak detection and prevention.

Furthermore, there is a growing focus on the decommissioning and removal of offshore infrastructure at the end of its operational life. Proper decommissioning is crucial to prevent environmental hazards, but it is a complex and costly process that necessitates compliance with specific regulations and standards. Decommissioning efforts face unique challenges when it comes to SURF components, which are often deeply submerged.

In addition, the oil and gas industry must navigate a complex network of federal, state, and local regulations, which can introduce complexity and potential delays to offshore projects. Operators must stay informed about evolving regulations and invest in compliance measures, which can increase project costs and timelines.

To tackle this challenge, the industry is investing in advanced technologies for environmental monitoring and compliance. This includes the deployment of real-time sensors, remote monitoring systems, and data analytics to promptly detect and address potential environmental issues. Operators are also collaborating closely with regulatory authorities to ensure alignment with evolving environmental standards and streamline compliance processes.

Technological Complexity and Risk Management

The North America Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market encounters the challenge of managing technological complexity and ensuring effective risk management. Particularly in deepwater and ultra-deepwater projects, a heightened level of complexity and risk necessitates meticulous planning and execution.

Deepwater exploration and production activities often involve operations in extreme conditions, characterized by high pressures, low temperatures, and corrosive environments. The engineering and deployment of SURF systems capable of withstanding such conditions pose significant technical challenges, demanding cutting-edge engineering expertise and advanced materials.

Safeguarding the integrity and reliability of subsea infrastructure over extended lifespans stands as a paramount technological challenge. Given the limited accessibility for direct inspection and maintenance of SURF systems, operators heavily rely on advanced monitoring technologies and predictive maintenance strategies to mitigate the risk of failures.

Moreover, the profound depth and remoteness of deepwater projects introduce logistical complexities and heighten project risks. Accessing offshore sites can prove arduous, and emergency response capabilities may be constrained. In the event of subsea equipment failure or operational incidents, prompt response times become critical, and rectifying the situation can incur substantial costs.

Furthermore, the oil and gas industry is experiencing rapid technological advancements. Keeping pace with these developments and seamlessly integrating them into existing SURF systems while ensuring compatibility and reliability remains an ongoing challenge. Operators must strike a delicate balance between adopting new technologies to enhance efficiency and managing associated risks.

To tackle these challenges, the industry is channeling investments into research and development efforts to advance materials science, automation, and monitoring technologies. Risk assessment and management strategies are being refined to ensure the safe and efficient operation of subsea infrastructure, particularly in deepwater environments. Collaboration among industry stakeholders and the sharing of best practices also play vital roles in mitigating technological complexities and risks within the North America SURF market.

Key Market Trends

Growing Emphasis on Sustainable Practices and Environmental Responsibility  

One notable trend influencing the North America Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market is the increasing focus on sustainable practices and environmental responsibility. As the global community addresses the challenges of climate change and environmental degradation, the oil and gas industry faces mounting pressure to reduce its carbon footprint and minimize environmental impact. Within this context, several key developments are shaping the SURF market in North America.

First and foremost, there is a heightened emphasis on mitigating methane emissions during offshore production activities. Methane, a potent greenhouse gas, poses a significant environmental concern when released during drilling and extraction operations. To address this, operators are investing in advanced leak detection and repair technologies for subsea infrastructure. These technologies enable swift identification and resolution of leaks in subsea equipment, such as umbilicals, risers, and flowlines, thereby minimizing emissions and environmental harm.

Secondly, there is a growing interest in the implementation of carbon capture and storage (CCS) systems within the offshore oil and gas industry. CCS involves capturing carbon dioxide emissions from industrial processes and storing them underground to prevent their release into the atmosphere. SURF systems play a crucial role in transporting captured CO2 from offshore platforms to storage facilities. As CCS gains momentum as a climate mitigation strategy, the demand for SURF components designed for CO2 transport is expected to rise.

Thirdly, the integration of renewable energy sources with offshore oil and gas operations is becoming increasingly prevalent. For instance, offshore wind farms are being constructed near existing oil and gas infrastructure. This integration necessitates the installation of SURF systems capable of simultaneously transmitting electricity generated by wind turbines and hydrocarbons extracted from subsea wells. This trend signifies a significant opportunity for the SURF market, aligning with the broader transition towards cleaner energy solutions.

In conclusion, the growing emphasis on sustainable and environmentally responsible practices represents a major trend in the North America SURF market. Operators actively seek solutions and technologies that mitigate the environmental impact of offshore oil and gas activities, reshaping the design and functionality of subsea umbilicals, risers, and flowlines.

Adoption of Digitalization and Automation for Improved Efficiency  

Another notable trend in the North America Oil & Gas Subsea Umbilicals, Risers, and Flowlines (SURF) market is the increasing adoption of digitalization and automation technologies to enhance operational efficiency and cost reduction. The oil and gas industry has traditionally been conservative in embracing digital transformation. However, the advantages of data-driven decision-making and automation have become too compelling to ignore.

A key aspect of this trend is the deployment of smart sensors and monitoring systems on subsea equipment. These sensors provide real-time data on the condition and performance of SURF components, including temperature, pressure, corrosion levels, and integrity status. This data is invaluable for predictive maintenance, enabling operators to schedule maintenance activities proactively, minimizing downtime, and maximizing production efficiency.

Furthermore, there is growing use of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs) in subsea inspection and maintenance operations. These robotic systems perform tasks such as inspecting and repairing subsea infrastructure, including umbilicals, risers, and flowlines, with greater precision and efficiency than traditional methods. This trend not only improves the reliability of subsea systems but also reduces the risks associated with human intervention in deepwater environments.

Data analytics and machine learning are also applied to optimize the design and operation of SURF systems. Advanced algorithms analyze historical data to identify patterns and recommend improvements in component design, flowline routing, and operational procedures. This data-driven approach helps operators maximize the efficiency of their subsea infrastructure and reduce operational costs.

Additionally, the integration of digital twins—a digital replica of physical assets—has become increasingly common in the SURF industry. Digital twins enable real-time monitoring and simulation of subsea systems, allowing operators to test various scenarios and make informed decisions to enhance performance and safety.

In conclusion, the adoption of digitalization and automation technologies is a significant trend in the North America SURF market. These technologies drive efficiency gains, reduce operational risks, and enhance the overall performance of subsea umbilicals, risers, and flowlines.

Segmental Insights

Product Insights

The Flowlines segment emerged as the dominant player in 2022. Advancements in flowline technology, such as the utilization of corrosion-resistant materials and enhanced coating technologies, significantly enhance the durability and performance of subsea flowlines. These innovations contribute to the growth of the flowlines segment, which remains crucial despite the increasing prominence of renewable energy sources. With the ever-growing energy demand, particularly in North America, the exploration and development of offshore reserves continue to thrive, creating opportunities within the flowlines segment.

The integration of digitalization and monitoring technologies in flowline systems enables real-time condition monitoring and predictive maintenance, resulting in improved operational efficiency and reliability.

The flowlines segment of the North America SURF market is anticipated to witness continuous growth, driven by the region's unwavering commitment to offshore exploration and production. As energy companies strive to access deeper offshore reserves, the demand for technologically advanced flowline systems will persist. Furthermore, advancements in materials science, automation, and digitalization will play a pivotal role in enhancing the performance and cost-effectiveness of flowline systems. Collaborations between industry stakeholders and research institutions are expected to drive innovation in this promising segment.

Type Insights

The Shallow Water segment is projected to experience rapid growth during the forecast period. Shallow water projects typically pertain to operations conducted in water depths below 500 feet (approximately 150 meters). In North America, shallow water reserves are commonly situated near existing infrastructure, such as platforms and pipelines. This proximity reduces the complexity and cost associated with developing and connecting subsea umbilicals, risers, and flowlines (SURF) systems, making shallow water projects an appealing choice for operators.

Operators in the shallow water segment are actively investing in efficiency enhancements to prolong the lifespan of existing infrastructure and reduce operational expenses. This involves the adoption of advanced SURF systems to optimize production and minimize downtime. Furthermore, shallow water projects benefit from a relatively stable regulatory environment when compared to deepwater and ultra-deepwater projects. This stability expedites project approvals and diminishes regulatory uncertainties, thus driving investment in this segment.

The outlook for the shallow water segment of the North America SURF market is influenced by various factors. Although shallow water reserves are declining, operators are continuously exploring opportunities to efficiently extract remaining resources. Investments in advanced SURF systems and technologies will play a crucial role in extending the lifespan of existing infrastructure and maximizing production efficiency.



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Country Insights

United States emerged as the dominant player in 2022. The United States holds a significant presence in offshore oil and gas exploration and production, particularly in the Gulf of Mexico. The ongoing exploration and development of deepwater and ultra-deepwater reserves drive the demand for SURF systems, which are crucial for connecting subsea wells to production facilities. The United States serves as a hub for technological innovation in the oil and gas industry. Continuous advancements in drilling techniques, materials, and subsea equipment enhance the efficiency and reliability of SURF systems, thereby making deepwater projects more economically viable.

In the United States SURF market, the adoption of digitalization and automation technologies is witnessing an upward trend. The integration of smart sensors, real-time monitoring, and predictive maintenance is significantly improving operational efficiency and reducing downtime. Furthermore, with the energy transition towards cleaner sources and the increasing need for environmental responsibility, the development of more sustainable SURF solutions is expected. Technological advancements and innovation will play a crucial role in further enhancing the efficiency and reliability of subsea infrastructure.

Recent Developments

  • In 2022, McDermott International completed the acquisition of TechnipFMC's onshore/offshore EPCI business, which encompasses its SURF capabilities. This strategic merger has resulted in the formation of one of the world's leading SURF providers.

Key Market Players

  • TechnipFMC
  • Subsea 7
  • Aker Solutions
  • National Oilwell Varco
  • Baker Hughes
  • Oceaneering International
  • Saipem
  • McDermott International
  • Prysmian Group
  • Forum Energy Technologies

 By Product

By Type

By Country

  • Flowlines
  • Umbilicals
  • Risers
  • Shallow Water
  • Deep Water
  • Ultra Deep Water
  • United States
  • Canada
  • Mexico

 

Report Scope:

In this report, the North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By Product:

o   Flowlines

o   Umbilicals

o   Risers  

  • North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By Type:

o   Shallow Water

o   Deep Water

o   Ultra Deep Water

  • North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market, By Country:

o   United States

o   Canada

o   Mexico

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market.

Available Customizations:

North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.            Product Overview

1.1.        Market Definition

1.2.        Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.            Research Methodology

2.1.        Objective of the Study

2.2.        Baseline Methodology

2.3.        Formulation of the Scope

2.4.        Assumptions and Limitations

2.5.        Sources of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.        Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.        Methodology Followed for Calculation of Market Size & Market Shares

2.8.        Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.            Executive Summary

4.            Voice of Customers

5.            North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market Outlook

5.1.        Market Size & Forecast

5.1.1.    By Value

5.2.        Market Share & Forecast

5.2.1.    By Product (Flowlines, Umbilicals and Risers)

5.2.2.    By Type (Shallow Water, Deep Water and Ultra Deep Water)

5.2.3.    By Country

5.3.        By Company (2022)

5.4.        Market Map

6.            United States Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market Outlook

6.1.        Market Size & Forecast

6.1.1.    By Value 

6.2.        Market Share & Forecast

6.2.1.    By Product

6.2.2.    By Type

7.            Canada Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market Outlook

7.1.        Market Size & Forecast

7.1.1.    By Value 

7.2.        Market Share & Forecast

7.2.1.    By Product

7.2.2.    By Type

8.            Mexico Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market Outlook

8.1.        Market Size & Forecast

8.1.1.    By Value 

8.2.        Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Type

9.            Market Dynamics

9.1.        Drivers

9.2.        Challenge

10.         Market Trends & Developments

11.         Company Profiles

11.1.     TechnipFMC

11.1.1. Business Overview

11.1.2. Key Revenue and Financials

11.1.3. Recent Developments

11.1.4. Key Personnel

11.1.5. Key Product/Services

11.2.     Subsea 7

11.2.1. Business Overview

11.2.2. Key Revenue and Financials

11.2.3. Recent Developments

11.2.4. Key Personnel

11.2.5. Key Product/Services

11.3.     Aker Solutions

11.3.1. Business Overview

11.3.2. Key Revenue and Financials

11.3.3. Recent Developments

11.3.4. Key Personnel

11.3.5. Key Product/Services

11.4.     National Oilwell Varco

11.4.1. Business Overview

11.4.2. Key Revenue and Financials

11.4.3. Recent Developments

11.4.4. Key Personnel

11.4.5. Key Product/Services

11.5.     Baker Hughes

11.5.1. Business Overview

11.5.2. Key Revenue and Financials

11.5.3. Recent Developments

11.5.4. Key Personnel

11.5.5. Key Product/Services

11.6.     Oceaneering International

11.6.1. Business Overview

11.6.2. Key Revenue and Financials

11.6.3. Recent Developments

11.6.4. Key Personnel

11.6.5. Key Product/Services

11.7.     Saipem

11.7.1. Business Overview

11.7.2. Key Revenue and Financials

11.7.3. Recent Developments

11.7.4. Key Personnel

11.7.5. Key Product/Services

11.8.     McDermott International

11.8.1. Business Overview

11.8.2. Key Revenue and Financials

11.8.3. Recent Developments

11.8.4. Key Personnel

11.8.5. Key Product/Services

11.9.     Prysmian Group

11.9.1. Business Overview

11.9.2. Key Revenue and Financials

11.9.3. Recent Developments

11.9.4. Key Personnel

11.9.5. Key Product/Services

11.10.   Forum Energy Technologies

11.10.1.        Business Overview

11.10.2.        Key Revenue and Financials

11.10.3.        Recent Developments

11.10.4.        Key Personnel

11.10.5.        Key Product/Services

12.         Strategic Recommendations

13.      About Us & Disclaimer        

Figures and Tables

Frequently asked questions

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The market size of the North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market was USD 745.17 million in 2022.

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The Flowlines segment demonstrated significant dominance in 2022. Advancements in flowline technology, such as the utilization of corrosion-resistant materials and enhanced coating technologies, significantly enhance the durability and performance of subsea flowlines.

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Increasing Offshore Exploration and Production Activities are the major drivers for the North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market.

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Parvati Sharma

Account Manager BD
Press Release

North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF) Market growth to Grow with a robust CAGR through to 2028

Oct, 2023

Rising demand for energy-efficient solutions that can transport crude oil and gas to processing plants is expected to drive the North America Oil & Gas Subsea Umbilicals, Risers and Flowlines (SURF)