Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Forecast 2014-2024

Oil & Gas Subsea Umbilicals, Risers &Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Forecast 2014- 2024 PR Newswire LONDON, April 10, 2014 Future Prospects for Leading Players The global Subsea Umbilicals, Risers & Flowlines (SURF) Market has great potential for growth globally. Key regions such as West Africa, South America, the Gulf of Mexico and the North Sea are attracting a lot of interest with regards to the growth of their subsea market. Due to SURF's pivotal role within subsea production and processing systems, the SURF market has many opportunities within these regions. As new emerging markets in parts of Asia-Pacific, Europe and Africa increase demand for subsea production, SURF demand is expected to follow suit. Key global trends impacting the SURF market include: • The increased potential of marginal field development through SURF deployment • Production in deeper water depths encouraging the use of SURF • Longer tie-backs in both shallow and deeper water fuelling demand Although restraints persist with regards to financing, supply chain, regulation and environmental constraints, overall growth potential within the SURF market remains high. Visiongain anticipates that spending in the global SURF market will total $7,624m in 2014. This new report from visiongain is a completely fresh market assessment of the SURF sector based upon the latest information.