SURF (SUBSEA UMBILICALS, RISERS, AND FLOWLINES) MARKET ANALYSIS

Market News

Recent Developments

• In August 2021, Prysmian Group, a world leader in the energy and telecom cable systems industry, has been awarded a new contract by Petrobras, a Brazilian multinational petroleum industry, for a total supply of 200 km of high-end deep-water electro-hydraulic umbilicals using both Steel Tube and Thermoplastic technology. The contract is worth approximately US$ 78.13 million.
• In June 2021, Nexans announced that it has won two contracts from Equinor, an international energy company present in more than 30 countries worldwide, for two offshore projects. Nexans is a cables and optical fibres company. The first contract is to manufacture and supply 44 km of steel tube umbilicals and accessories for an offshore Brazilian project. The second order was for the fabrication of umbilicals for the Askeladd Vest project, which is in the southern Barents Sea.
• In September 2019, Var Energi a Norwegian oil & gas exploration and production company, awarded a contract covering engineering, procurement, construction and installation (EPCI) of subsea systems (SPS/SURF) for the Balder X project to a consortium of the companies Baker Hughes, a GE company (BHGE) and Ocean Installer. Under the contract, BHGE and Ocean Installer will engineer, procure, construct and install 16 new subsea production systems (SPS), umbilicals, risers and flowlines to the Jotun A floating production storage and offloading (FPSO) unit.