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Oil & Gas Subsea Umbilicals, Risers
& Flowlines (SURF) Market Forecast
2014-2024
Future Prospects for Leading Players

2. www.visiongain.com
Oil & Gas Subsea Umbilicals, Risers & Flowlines
(SURF) Market Forecast 2014-2024: Future
Prospects For Leading Players
Key areas covered in this report will include:
• You will gain a comprehensive understanding of the Subsea Umbilicals, Risers & Flowlines
(SURF) market, exploring how it will develop over the next decade, with detailed forecasts
between 2014 and 2024.
• You will receive CAPEX forecasts for the three SURF submarkets for 2014-2024:
- Shallow Water SURF Submarket
- Deepwater SURF Submarket
- Ultra-Deepwater SURF Submarket
• You will receive forecasts for the global SURF market as well as the following regional
markets:
- Europe
- South America
- Africa
- The Gulf of Mexico
- Asia-Pacific
- The Rest of the World
• You will also receive in-depth analysis of the SURF markets for the following countries and
regions for 2014-2024:
- Norway
- UK
- The Rest of Europe
- Brazil
- The Rest of South America
- Angola
- Republic of Congo
- Egypt
- Ghana
- Nigeria
- Mozambique and Tanzania
- The US
- Mexico
- Australia
- Brunei
- China
- India
- Indonesia
- Malaysia
- Vietnam
- Canada
- The Middle East
- The Caspian Sea
- Trinidad & Tobago
• The forecasts and analysis are underpinned by extensive expert consultation. The
transcript for an original interview is included within the report with expert insight from
EMAS AMC.
• You will receive details on the top companies involved in the SURF market, as well as
specific SURF component installers and manufacturers.
- Aker Solutions
- EMAS AMC
- FMC Technologies
- McDermott
- Oceaneering
- Saipem SpA
- Subsea 7 SA
- Technip
• You will be able to study 127 tables, charts and graphs quantifying the SURF market over
the period 2014-2024.
• You will be provided with information on current and future projects in the SURF market as
well as a PEST analysis.
• You will be able to read of major recent SURF contracts awarded throughout the world.

3. Page 97www.visiongain.com
Oil & Gas Subsea Umbilicals, Risers & Flowlines
(SURF) Market Forecast 2014-2024:
Future Prospects For Leading Players
tendering or advanced planning phase. A detailed list of Brazilian FPSO projects is provided in
Table 5.17 below.
Vessel Name Owner Location
(Field)
Field
Operator
Status Earliest
Operation
CIDADE DE
ITAJAÍ
Teekay (50%),
Odebrecht (50%)
Santos
(Baúna, Piracaba)
Petrobras Completed –
Construction
began in 2011
Q1 2013
CIDADE DE SÃO
PAULO
(“FPSO 2”)
MODEC,
Schahin Group
Santos
(Guará)
Petrobras Completed –
Construction
began in 2011
Q1 2013
CIDADE DE
PARATY
(“FPSO 3”)
SBM Offshore
(50.5%), QGOG,
NYK Line, Itochu
Santos
(Lula North East)
Petrobras Completed –
Construction
began in 2010
Q2 2013
P-63
(“PAPA
TERRA”)
BW Offshore Campos
(Papa Terra)
Petrobras Completed –
Construction
began in 2010
Q3 2013
P-58 Petrobras Campos
(Parque de
Baleias)
Petrobras Under
construction
since 2010
Q4 2013
P-62 Petrobras Campos
(Roncador)
Petrobras Under
construction
since 2010
2014
CIDADE DE
ILHABELA
(“FPSO 4”)
SBM Offshore
(50.5%), QGOG,
NYK Line, Itochu
Santos
(Sapinhoá North)
Petrobras Under
construction
since H2 2012
H2 2014
CIDADE DE
MANGARATIBA
(“FPSO 5”)
MODEC (85%),
Schahin Group
(15%)
Santos
(Cernambi South)
Petrobras Under
construction
since 2012
Q4 2014
CIDADE DE
ITAGUAÍ
MODEC (85%),
Schahin Group
(15%)
Santos
(Iracema North)
Petrobras Under
construction
since 2013
Q4 2015
Table 5.17 Current Brazilian FPSO Projects (Owner, Location, Field Operator,
Status, Earliest Operation)

4. Page 135www.visiongain.com
Oil & Gas Subsea Umbilicals, Risers & Flowlines
(SURF) Market Forecast 2014-2024:
Future Prospects For Leading Players
5.6 The Asia-Pacific SURF Market Forecast 2014-2024
Table 5.31, Figure 5.22 and Figure 5.23 display visiongain’s forecast for the Asian FPSO market
over the next ten years.
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-24
CAPEX ($m) 769 804 863 881 765 726 763 811 861 918 1,001 1,174 9,566
AGR 4.5 7.4 2.1 -13.2 -5.1 5.2 6.3 6.2 6.6 9.0 17.3
2019-24CAGR (%) 2014-19 -1.0 9.0
CAGR (%) 2014-24 3.9
-15%
-10%
-5%
0%
5%
10%
15%
20%
0
200
400
600
800
1,000
1,200
1,400
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
AGR
$m
Year
Source: Visiongain 2014
Table 5.31 Asia-Pacific SURF Market Forecast, 2014-2024 ($m, AGR %, CAGR%,
Cumulative)
Source: Visiongain 2014
Figure 5.22 Asia-Pacific SURF Market Forecast, 2014-2024 ($m, AGR%)

5. Page 162www.visiongain.com
Oil & Gas Subsea Umbilicals, Risers & Flowlines
(SURF) Market Forecast 2014-2024:
Future Prospects For Leading Players
7. Expert Opinion
7.1 EMAS AMC
EMAS AMC is a leading subsea construction and offshore installation services company. The
company was formed after EMAS acquired Aker Marine Contractors (AMC) in 2011, and remains a
core division of the wider EMAS company. EMAS are the operating of Ezra Holdings Ltd. EMAS
AMC provide services in SURF, floater and mooring installation, power cable installation, pipelay
and heavy lift operations. EMAS AMC has offices in Houston, Texas, Oslo, Norway and Singapore
and retains over 300 experienced engineers and offshore operations personnel.
Visiongain spoke to an EMAS AMC representative in March 2014, and would like to thank them for
their insightful contribution to the report.
7.1.1 The Overall Global Subsea Market Trends
Visiongain: Broadly speaking, what kind of trends are you witnessing in the global subsea market?
EMAS AMC: We are seeing an increased subsea CAPEX spend globally. Overall, we consider
subsea to be a very healthy market, but believe the high CAPEX costs will delay some larger
projects. The market has recovered in the Gulf of Mexico, and this region is probably the healthiest
market globally. Africa deepwater, no longer just West Africa, but now much of Africa, continues to
see a lot of deepwater subsea activity. Asia-Pacific continues to grow, although Australia has
become constrained by cost increases. Areas in Asia, for example, ENI’s Jangkrik project in
Indonesia, have seen some of the largest subsea contracts to date.
Brazil continues to be a large subsea market and we remain cautiously optimistic about North Sea
work in Norway. The Norwegian government offers subsidies that the UK North Sea does not offer,
to encourage exploration. As a result, we expect the Norwegian North Sea to remain healthier than
the UK North Sea.
7.1.2 What are the Specific SURF Market Drivers?
Visiongain: What would you say are the main drivers of the global SURF market?
EMAS AMC: It differs by region. But, most notably, the major benefit/driver of the global SURF
market is that production can be achieved in areas without mature pipeline infrastructure. Thus,

6. Page 165www.visiongain.com
Oil & Gas Subsea Umbilicals, Risers & Flowlines
(SURF) Market Forecast 2014-2024:
Future Prospects For Leading Players
8. Major Companies in the SURF Market 2014-2024
8.1 Aker Solutions
2013
Total company revenue $m $7,084m
Revenue from subsea $m $2,234m
% of revenue from subsea 32%
Order Backlog $9,661m
Employees 27,299
Headquarters Stavanger, Norway
Ticker AKSO
Website www.akersolutions.com
8.1.1 Aker Solutions Organisation and Services
Aker Solutions is an oil & gas industry service, product and systems provider. Activities include
engineering, design and technology provision. Aker Solutions are active in many countries globally,
including Africa, the Americas, Asia-Pacific, the Middle East and Europe. In 2013, Aker Solutions
order backlog was up around 9% at $9.6bn. Order intake was also up. Dividend per share had
increased to $0.68.
In particular, the subsea sector of the business hosts the largest proportion of sales, and its profit
margin increased to 10.8%.
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. Their revenue is provided in
the below table:
Table 8.1 Aker Solutions Overview (Total Revenue, Revenue from Subsea, %
Revenue from Subsea, Order Backlog, Employees HQ, Ticker, Website)
Source: Visiongain 2014