Major Players - Asia Pacific Surf Industry

 

SURF helps connect the surface systems and subsea production. In line with this objectives, SURF can be divided into two parts: umbilicals, and risers and flowlines. Newer fields as the production of oil & gas are located in deeper waters as compared to the mature fields. SURF is primarily employed in deep offshore fields.

The Asia Pacific SURF market is expected to surpass U.S. $ 19.47 Billion by the end of 2028 and exhibit a CAGR of 12.5% during the years (2021-2028).

Leading Companies in the Asia Pacific Surf Industry:

1) Enerpac Tool Group Corp

formerly Actuant Corporation, is a premier industrial tools, services, technology and solutions provider serving a broad and diverse set of customers in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group’s businesses are global leaders in high pressure hydraulic tools, controlled force products. The company was founded in the year 1910, and the headquarters are located in Menomonee Falls, Wisconsin, U.S. the company was founded by Leo Bethke, Frank Lueck, and Charles Karuse.

As of January 2020, the company completed the acquisition of HTL Group, a leading provider of controlled bolting products.

2) Vallourec S.A.

is a multinational manufacturing company. Vallourec specializes in hot rolled seamless steel tubes, expandable tubular technology, automotive parts, and stainless steel, which it provides to energy, construction, automotive, and mechanical industries. The company was founded in the year 1957, and the headquarters are located in Meudon, France.

As of 2022, Vallourec has 17,000 collaborators, numerous integrated manufacturing facilities, advanced R&D operations, and a presence in more than 20 countries.

3) DeepOcean

is a Norway - based company which provides subsea services to the global offshore industries such as Inspection Maintenance and Repair (IMR), Subsea Construction, Cable Lay, and Subsea Trenching. DeepOcean operates mostly in the Oil & Gas and Offshore Renewables industries globally, with offices located around the world. The company was founded in the year 2011, and the headquarters are located in Oslo, Norway.

In April 2022, DeepOcean announced the acquisition of the Norwegian engineering and technology company, Installit AS and its subsidiaries.

4) Prysmian S.p.A.

is an Italian company, specialising in the production of electrical cable for use in the energy and telecom sectors and for optical fibres. The company is the global leader in the cable systems. It also developed the P-Laser technology sector for cabling systems, which combines greater transmission capacity and eco-sustainability. Prysmian S.p.A was founded in the year 2011 and the headquarters are located in Milan, Italy.

In 2021, Prysmian launched the new Leonardo da Vinci cable-laying vessel, the longest in the world at 171 metres.

5) TechnipFMC plc.

is a French-American, UK-domiciled global oil and gas company that provides complete project life cycle services for the energy industry. TechnipFMC acts in three distinct segments: subsea, offshore/onshore, and surface projects. These projects include offshore oil and gas exploration and extraction platforms, rigs, crude oil refinery, petrochemical plants such as Ethylene, Hydrogen, SynGas plants, Naptha, Benzene etc. plastics & rubber industry, fertiliser plant, onshore as well as floating LNG plants. The company was founded in the year 2017, and the headquarters are located in London, England.

In October 2021, TechniFMC completed the acquisition of the outstanding shares of Magma Global, the leading provider of composite pipe technology to support the Energy Transition.

6) Saipem S.p.A.

is an Italian multinational oilfield services company and one of the largest in the world. The company offers services in Engineering and construction for offshore and onshore projects; drilling rig, drillship and FPSO operation. The company was founded in the year 1957, by Enrico Mattei. The headquarters are located in Milano, Italy.

7)  Airborne Oil & Gas B.V:

Definition: The vast Asia Pacific region – commonly referred to as APAC – is a part of the world defined by its proximity to the Western Pacific Ocean, typically including much of East Asia, South Asia and Oceania.