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The tide is rising for global SURF contracts

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01 May 2019

The tide is rising for global SURF contracts

Report summary

Global marine contractors are focusing on technology, strategic alliances and early engagement to maximize growth potential. These key drivers enable cost-effective solutions while enhancing margins and market position. Wood Mackenzie tracked 30 major subsea umbilical, riser and flowline (SURF) contracts awarded in 2018 and 19 contracts in the first quarter of 2019. With SURF tender activity increasing, these strategies are essential for critical management of costs. After being in a down cycle for the past four years, the market is making a gradual recovery. This will require the industry to remain focused on controlling costs as utilization of assets rises and the pricing of the installation assets improve.

Table of contents

  • 2018 SURF award wrap-up
  • Burst of SURF award activity in Q1 2019
  • SURF demand buoys as project executions increase
  • Major SURF installation opportunities in the next two years
  • Appendix

Tables and charts

This report includes 8 images and tables including:

  • Contract award market share – who is winning?
  • Major integrated SPS and SURF contracts
  • Pipeline and umbilical installation activity by market segment
  • Global deepwater pipelay day rate trends
  • The current situation: Tier-1 contractor backlogs – not all contracts are equal
  • SURF Project Opportunites 2019-2020
  • Deepwater pipelay vessels
  • 2019 major SURF awards

What's included

This report contains:

  • Document

    The tide is rising for global SURF contracts

    PDF 1.11 MB