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Oil & Gas Subsea Umbilicals, Risers &
Flowlines (SURF) Market Report 2016-2026
Length (km) & Annual CAPEX ($m) Forecasts by Depth (Shallow, Deepwater & Ultra-
Deepwater Projects) & Analysis of Projects Connecting Subsea Production & Processing
Systems (Manifold, Tree, Pipe, Pump) to Topsides (Jacket / Fixed Platform, Concrete Gravity
Structure, Compliant Tower, Tension Leg Platform (TLP), Spar, FPSO, Onshore Infrastructure)

2. Contents
1. Report Overview
1.1 Global SURF Market Overview
1.2 Global SURF Market Segmentation
1.3 Market Definition
1.4 Methodology
1.5 How This Report Delivers
1.6 Key Questions Answered by This Analytical Report Include:
1.7 Why You Should Read This Report
1.8 Frequently Asked Questions
1.9 Associated Visiongain Reports
1.10 About Visiongain
2. Introduction to the Subsea Umbilicals, Risers & Flowlines Market
2.1 A History of Subsea Systems
2.2 SURF Technology
2.2.1 The Wider Subsea System
2.3 Technical Challenges for SURF
2.4 The Economics of SURF
3. Global Subsea Umbilicals, Risers & Flowlines Market Forecast 2016-
2026
3.1 Oil Prices and the SURF Market
3.1.1 Visiongain’s Description and Analysis of the Oil Price Fall
3.1.2 Supply-Side Factors
3.1.2.1 Tight Oil
3.1.2.2 OPEC
3.1.3 Demand-Side Factors
3.1.3.1 Chinese and Indian Growth
3.1.3.2 Western Stagnation
3.1.4 Other Major Variables that Impact the Oil Price
3.1.4.1 North Africa
3.1.4.2 Russia
3.1.4.3 US Shale
3.1.4.4 Iran
3.1.4.5 International Incidents

3. Contents
3.1.5 Visiongain’s Oil Price Assumptions and Forecast
3.2 The Drivers and Restraints in the Global SURF Market
3.2.1 Global Energy Demand
3.2.2 The Impact of Oil Prices and SURF Technology on Marginal Field Profitability
3.2.3 Technological Diversification and Growth Opportunities
3.2.4 Avoiding Security Challenges
3.2.5 Harsh Environments Lead to Tough Challenges
3.2.6 Concerns about the Supply Chain and Relevant Skills
3.2.7 Is Regulation Enough to Appease Public Unease over Subsea and Deepwater
Production?
3.2.8 The Cost of Subsea Developments and Access to Finance
4. The Global Subsea Umbilicals, Risers & Flowlines Submarket Forecasts
2016-2026
4.1 The SURF Hardware Submarket Forecasts 2016-2026
4.1.1 The Umbilicals Submarket Forecast 2016-2026
4.1.2 The Risers Submarket Forecast 2016-2026
4.1.3 The Flowlines Submarket Forecast 2016-2026
4.2 The Subsea Production & Processing Systems Water Depth Submarket Forecasts 2016-2026
4.2.1 The Shallow Water SURF Submarket Forecast 2016-2026
4.2.1.1 Shallow Water SURF Market Drivers and Restraints
4.2.1.2 Shallow Water SURF Contracts
4.2.2 The Deepwater SURF Submarket Forecast 2016-2026
4.2.2.1 Deepwater SURF Market Drivers and Restraints
4.2.2.2 Deepwater SURF Contracts
4.2.3 The Ultra-Deepwater SURF Submarket Forecast 2016-2026
4.2.3.1 Ultra-Deepwater SURF Systems Market Drivers and Restraints
4.2.3.2 Ultra-Deepwater SURF Contracts
5. The African Subsea Umbilicals, Risers & Flowlines Market 2016-2026
5.1 What is the Current Status of the Subsea Production & Processing Systems Market in Africa?
5.2 The Drivers and Restraints in the African SURF Market
5.3 What Potential is there in Africa for Subsea Production & Processing Systems?
5.3.1 Delays and Security Issues Continue to Plague the African Market
5.3.2 Political Instability and Delays to the Petroleum Industry Bill Defer Offshore Growth
5.4 Major African Subsea Production & Processing Systems Projects and Individualised Outlooks

4. Contents
5.4.1 Angola
5.4.2 Cameroon
5.4.3 Congo-Brazzaville
5.4.4 Egypt
5.4.5 Equatorial Guinea
5.4.6 Gabon
5.4.7 Ghana
5.4.8 Mozambique
5.4.9 Namibia
5.4.10 Nigeria
5.4.11 South Africa
5.4.12 Tanzania
6. The Asia Pacific Subsea Umbilicals, Risers & Flowlines Market 2016-
2026
6.1 What is the Current Status of the Subsea Production & Processing Systems Market in Asia
Pacific?
6.2 The Drivers and Restraints in the Asia Pacific SURF Market
6.3 What Potential is there in Asia Pacific for SURF?
6.4 Major Asia Pacific SURF Projects and Individualised Outlooks
6.4.1 Australia
6.4.2 Brunei
6.4.3 China
6.4.4 India
6.4.5 Indonesia
6.4.6 Malaysia
6.4.7 Papua New Guinea
6.4.8 Vietnam
7. The Eurasia / Middle East Subsea Umbilicals, Risers & Flowlines Market
2016-2026
7.1 The Drivers and Restraints in the Eurasia / Middle East SURF Market
7.2 Major Eurasia / Middle East SURF Projects and Individualised Outlooks
7.2.1 Black Sea
7.2.2 Caspian Sea
7.2.3 Persian Gulf

5. Contents
7.2.4 Russian Arctic
8. The North American Subsea Umbilicals, Risers & Flowlines Market
2016-2026
8.1 What is the Current Status of the Subsea Production & Processing Systems Market in the Gulf of
Mexico?
8.2 The Drivers and Restraints in the North American Subsea Production & Processing Systems
Market
8.3 What Potential is there in the Gulf of Mexico for Subsea Production & Processing Systems?
8.3.1 The Prospects of Growth from Mexican Energy Reforms
8.3.2 Opportunities for Marginal Field Growth
8.3.3 The Role of an Established Supply Chain
8.3.4 Impacts from Environmental Regulations
8.3.5 Is the Offshore Market being Harmed by the Shale Revolution?
8.3.6 Is there a Continued Role for Subsea Production & Processing Systems in the Gulf of
Mexico?
8.4 Major North American SURF Projects and Individualised Outlooks
8.4.1 Alaska
8.4.2 Canada
8.4.3 Trinidad and Tobago
9. The South American Subsea Umbilicals, Risers & Flowlines Market
2016-2026
9.1 What is the Current Status of the SURF Market in South America?
9.2 The Drivers and Restraints in the South American SURF Market
9.3 What Potential is there in South America for SURF?
9.3.1 Growing Brazilian Energy Demand and Vast Reserves
9.3.2 The Presence of International Companies Helps to Meet Demand
9.3.3 An Over-Reliance on Petrobras?
9.3.4 Local Content Legislation and Project Delays
9.3.5 Are Brazil’s Subsea Sites too tough for Existing Technology?
9.3.6 Will International Competition Stunt Brazilian Development?
9.3.7 What is Happening in the Rest of South America?
9.4 Major South American Production & Processing Systems Projects

6. Contents
10. The Western European Subsea Umbilicals, Risers & Flowlines Market
2016-2026
10.1 What is the Current Status of the SURF Market in the North Sea?
10.2 The Drivers and Restraints in the Western European SURF Market
10.3 What Potential is there in Western Europe for SURF?
10.3.1 Are Increased E&P and Expertise Enough to Counteract Declining Production in
Norway?
10.3.2 Arctic Opportunities
10.3.3 What Role Does Expertise Play in the SURF Market?
10.3.4 High Costs and Low Levels of Exploration in the UK
10.3.5 Finding the Right Tax Balance in the Mature UK Market
10.4 Major Western European SURF Projects and Individualised Outlooks
10.4.1 Denmark
10.2.2 Ireland
10.2.3 Mediterranean Sea
10.4.4 Netherlands
11. PEST Analysis of the Subsea Umbilicals. Risers & Flowlines Market
11.1 Political
11.2 Economic
11.3 Social
11.4 Technological
12. Expert Opinion
12.1 Subsea UK
12.1.1 Neil Gordon and Subsea UK
12.1.2 The World-Leading UK Subsea Sector
12.1.3 Low Oil Prices and the SURF Market
12.1.4 North Sea Outlook
12.1.5 Global Outlook
12.1.6 Key Technological Innovations
13. Leading Companies in the Subsea Umbilicals, Risers & Flowlines
Market
13.1 Aker Solutions

7. Contents
13.1.1 Aker Solutions Organisation and Services
13.1.2 Aker Solutions Regional Focus
13.1.3 The Outlook for Aker Solutions
13.2 EMAS AMC
13.2.1 EMAS AMC Organisation and Services
13.2.2 EMAS AMC Regional Focus
13.2.3 The Outlook for EMAS AMC
13.3 FMC Technologies
13.3.1 FMC Technologies Organisation and Services
13.3.2 FMC Technologies Regional Focus
13.3.3 The Outlook for FMC Technologies
13.4 Oceaneering
13.4.1 Oceaneering Organisation and Services
13.4.2 Oceaneering Regional Focus
13.4.3 The Outlook for Oceaneering
13.5 Saipem SpA
13.5.1 Saipem’s Activities
13.5.2 Saipem Regional Focus
13.5.3 The Outlook for Saipem
13.6 Subsea 7
13.6.1 Subsea 7 Organisation and Services
13.6.2 Subsea 7 Regional Focus
13.6.3 The Outlook for Subsea 7
13.7 Technip
13.7.1 Technip Organisation and Services
13.7.2 Technip Regional Focus
13.7.3 The Outlook for Technip
13.8 Other Leading Companies in the SURF Market
14. Conclusions
14.1 Key Findings
14.2 Recommendations

8. www.visiongain.com Page 148
Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Report 2016-2026
Length (km) & CAPEX ($m) Forecasts by Depth (Shallow, Deepwater & Ultra-Deepwater Projects) &
Analysis of Projects Connecting Subsea Production & Processing Systems (Manifold, Tree, Pipe,
Pump) to Topsides (Jacket / Fixed Platform, Concrete Gravity Structure, Compliant Tower, Tension
Leg Platform (TLP), Spar, FPSO, Onshore Infrastructure)
0
20
40
60
80
100
120
140
160
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX($m)
Shallow Deep Ultra Deep
0
20
40
60
80
100
120
140
160
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX($m)
Umbilicals Risers Flowlines
Figure 7.3 Eurasia / Middle East SURF Water Depth Submarket Forecast 2016-2026
($m)
Figure 7.4 Eurasia / Middle East SURF Hardware Submarket Forecast 2016-2026 ($m)
Source: Visiongain 2016
Source: Visiongain 2016

9. www.visiongain.com Page 202
Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Report 2016-2026
Length (km) & CAPEX ($m) Forecasts by Depth (Shallow, Deepwater & Ultra-Deepwater Projects) &
Analysis of Projects Connecting Subsea Production & Processing Systems (Manifold, Tree, Pipe,
Pump) to Topsides (Jacket / Fixed Platform, Concrete Gravity Structure, Compliant Tower, Tension
Leg Platform (TLP), Spar, FPSO, Onshore Infrastructure)
12. Expert Opinion
12.1 Subsea UK
Subsea UK is the UK’s subsea industry body, acting on behalf of the supply chain to increase
business opportunities in the North Sea and further afield. Neil Gordon is the chief executive of
Subsea UK. He has had a long career in the subsea sector, including nearly a decade spent working
as a commercial diver in the North Sea. Visiongain would like to thank Mr Gordon for his insightful
comments.
12.1.1 Neil Gordon and Subsea UK
Visiongain: First of all, can you tell me a bit about your personal history and what brought you to
Subsea UK?
Neil Gordon: I initially trained as a commercial diver and spent eight years carrying out numerous
diving assignments in the UK and Norwegian waters involving new construction projects, pipeline
surveys, welding and inspection. I have over 25 years' management experience in director and
business development roles, combined with over 15 years in the subsea industry.
Prior to joining Subsea UK, I spent four years managing the National Hyperbaric Centre which
included project-managing saturation diving operations and hyperbaric weld trials. I developed the
subsea safety training and consultancy aspect of the business, where I regularly lectured to subsea
engineers and delivered a range of training courses both in the UK and overseas.
My career has seen me travel the globe, working in India, the Middle East, Africa and Brazil. I have
also worked with the International Association of Oil & Gas Producers’ diving operations sub-
committee on client representative training and competency for subsea projects. I was also an active
member of the IMCA diving safety, medical, technical and training committee.
Given my background in subsea and my desire to contribute to the amazing success story that is the
UK’s subsea sector, when the organisation was looking for a new CEO in 2011, I was at the right
stage in my career and eager to play my part.
Visiongain: How does Subsea UK represent its members and what does it offer the UK subsea sector
as a whole?

10. www.visiongain.com Page 206
Oil & Gas Subsea Umbilicals, Risers & Flowlines (SURF) Market Report 2016-2026
Length (km) & CAPEX ($m) Forecasts by Depth (Shallow, Deepwater & Ultra-Deepwater Projects) &
Analysis of Projects Connecting Subsea Production & Processing Systems (Manifold, Tree, Pipe,
Pump) to Topsides (Jacket / Fixed Platform, Concrete Gravity Structure, Compliant Tower, Tension
Leg Platform (TLP), Spar, FPSO, Onshore Infrastructure)
13. Leading Companies in the Subsea Umbilicals, Risers &
Flowlines Market
13.1 Aker Solutions
2015 Revenue $3,873m
Employees 17,000
Headquarters Stavanger, Norway
Ticker AKSO
Website www.akersolutions.com
13.1.1 Aker Solutions Organisation and Services
Aker Solutions is an oil and gas industry service, product and systems provider. Activities include
engineering, design and technology provision. Aker Solutions is active in many countries globally,
including Africa, the Americas, Asia Pacific, the Middle East and Europe. Aker Solutions’ business
areas are divided into subsea, drilling technologies, umbilicals and process systems in the product
solutions sector, and maintenance, modifications and operations, and oilfield services and marine
assets in the field-life solutions sector.
13.1.2 Aker Solutions Regional Focus
Aker Solutions is active in the North Sea, Asia-Pacific and Brazil. Within these markets, Aker Solutions
is particularly active in Norway. The company has built manufacturing capacity in Brazil to meet
demand, as well as moving offices to Asia Pacific to be able to provide capacity in both shallow and
deepwater fields. Aker Solutions has expressed interest in expanding into the Arctic, as well as Sub-
Saharan Africa and North America. It has been involved in some of the largest projects in Norway,
such as the Ekofisk project and the Åsgard field.
Some of the key subsea production and processing (P&P) systems projects are documented in the
below table. As can be seen, there have been a large proportion of contract wins in both Norway and
West Africa.
Table 13.1 Aker Solutions Overview (2015 Revenue, Employees, HQ, Ticker, Website)
Source: Visiongain 2016