Middle East & Africa Subsea Flowlines Market Size - By Water Depth (Shallow, Deep, Ultra Deep), Country Outlook & Forecast, 2024 – 2032

Middle East & Africa Subsea Flowlines Market Size

Middle East & Africa Subsea Flowlines Market was valued at over USD 1.1 billion in 2023 and is anticipated to grow at a CAGR of 5.6% between 2024 and 2032. Ongoing expansion of exploration and operations in deep offshore oil fields is driving the demand for reliable systems for transportation of oil and gas to processing facilities, further complementing the industry landscape.
 

Flourishing investments in exploring hydrocarbon reserves in water bodies, along with rising installation of floating rigs, will further influence the business dynamics. For instance, in July 2024, The Egyptian government has unveiled USD 200 million investment in five companies, including the Egyptian General Petroleum Corporation and the Egyptian Natural Gas Holding Company, to boost oil and gas exploration efforts.
 

Middle East & Africa Subsea Flowlines Market Trends

The Middle East & Africa subsea flowlines industry is anticipated to grow on account of driven by an intensified focus on developing deep offshore fields and evolving dynamics in offshore oil and gas exploration. Increased investments in hydrocarbon production and exploration across diverse water depths, along with spending on maintaining existing infrastructure, will bolster the industry's prospects. Furthermore, favorable regulatory landscape toward oil & gas sector and ongoing technological enhancements for rigid and flexible flowline solutions have positively influence the industry landscape.
 

Middle East & Africa Subsea Flowlines Market Analysis

Shallow depth segment is set to reach over USD 1.2 billion by 2032. Increased investments in the expansion of offshore oil and gas projects, coupled with the ongoing implementation of advanced recovery techniques, is set to augment the industry landscape. Furthermore, the growing adoption of automation and digitalization, along with the introduction of new strategies by various regional oil companies allocating significant budgets to production and exploration, will positively influence the shallow depth SURF business outlook.
 

The deep-water depth segment is anticipated to witness significant growth, on account of active oil fields across the region along with robust natural gas and oil production. Accelerating investments in both deep and ultra-deep hydrocarbon fields, coupled with a growing focus on petrochemical production to meet rising demand, will complement industry outlook. Moreover, strategic inclination toward minimizing reliance on imported energy, together with robust exploration of deep offshore oil fields, further augmenting the industry landscape.
 

UAE subsea flowlines market is set to grow over USD 360 million by 2032. Availability of abundant offshore oil and gas reserves, active exploration and production activities, and shifting inclination toward energy conservation will positively influence the business landscape. Rising investments in exploring new discovered crude oil reserves and a positive outlook for unconventional resource development, will complement the industry landscape. Furthermore, government policies and regulations, along with growing demand for enhanced energy resources for various industry operations, will further propel the Middle East & Africa SURF industry outlook.
 

Middle East & Africa Subsea Flowlines Market Share

Key players in the Middle East & Africa subsea flowlines industry are aiming to form strategic agreements and collaborations, while also introducing innovative technologies, to enhance their competitive advantage. Major companies including Halliburton, Aker Solutions, Baker Hughes Company, TechnipFMC plc, John Wood Group PLC, and SUBSEA7, among other, holds majority of the market share.
 

Middle East & Africa Subsea Flowlines Market Companies

Major manufacturers operating across the industry consists of:

• Aker Solutions
• ArcelorMittal Energy Projects
• Allseas
• Baker Hughes Company
• Cabot Corporation
• Halliburton
• John Wood Group PLC
• NOV
• Oceaneering International, Inc.
• Strohm
• Sapiem SpA
• SUBSEA7
• Tenaris
• TechnipFMC plc
• Vallourec
   

Middle East & Africa Subsea Flowlines Industry News

• In July 2024, TotalEnergies awarded SLB OneSubsea a contract for a 13-well subsea production system at the Kaminho deepwater project in Angola. Developed in two phases, the project targets the Cameia and Golfinho fields. During initial phase, centered on the Cameia field, OneSubsea and SLB collaborates with TotalEnergies to deploy a flexible subsea production platform. This platform is set to incorporate a standardized vertical monobore subsea tree, wellhead, and control system.
   
• In July 2024, Saipem has secured multimillion-dollar contracts for two offshore projects located in Saudi Arabia, collaborating with the nation's oil and gas giant, ARAMCO. These projects are pivotal for Aramco, ensuring sustained long-term oil production from three key fields. Awarded under an existing long-term agreement with Saudi Aramco, this duo offshore projects not only strengthens the company’s foothold in the Middle East but is also projected to generate around USD 500 million.
   

This Middle East & Africa subsea flowlines market research report includes in-depth coverage of the industry with estimates & forecast in terms of “‘000 Feet and USD Million” from 2021 to 2032 for the following segments:

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Market, By Water Depth

• Shallow
• Deep
• Ultra-Deep

The above information has been provided for the following countries:

• Angola
• Nigeria
• Egypt
• Qatar
• Saudi Arabia
• UAE