Global Offshore Pipeline Market Report and Forecast 2024-2032

Global Offshore Pipeline Market Outlook

The global offshore pipeline market would likely grow at a CAGR of 5.8% during 2024-2032. Offshore pipelines are suited to transport solids (Coal, Ores, Tailings), liquids (Chemicals, Petrochemical Products, Petroleum Products, LPG, Crude Oil, and Water) and gases (natural gases and also other types of gases). Rising demand for dependable and safe sources of energy has led to an increase in offshore oil and gas production, and the establishment of pipelines to aid these operations. Asia, Pacific, North America and Europe are likely to be key markets.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Market Likely to be Driven by Growing Demand for Safe and Dependable Energy Sources

Offshore pipelines are important to subsea transportation systems and enable the delivery and transportation of carbon products from resource sites to markets and end users. The construction, running and designing of offshore pipelines warrant components of risk management to alleviate probable hostile effects related to environmental, business, technical, and societal factors. The intricacy, scope, requirements and needs related to risk management have progressed with time jointly with the pipeline industry fulfilling challenges related to extending application into ice regimes and deepwater environments, and capacities to achieve more challenging operating conditions (such as temperature, internal pressure, and aggressive fluids) and envelopes (like cool down, transient, and restart conditions). 

Offshore oil and gas projects comprise lengthy offshore pipelines (also called sub-sea pipelines). Offshore pipelines offer several advantages such as more safety, environmentally-friendly, less energy needs, lower maintenance costs, less impact on land-use pattern, lesser loss of product in transit, and greater reliability. Such advantages are expected to boost the global offshore pipeline market.

Through offshore pipelines, solids, liquids and gases may be transported. Generally, the products used inside offshore pipelines include liquids (Petroleum Products, Crude Oil, Chemicals, Petrochemical Products, LPG, Water), solids (in the form of slurry - coal, ores, tailings), and gas (natural gas or any other type of gas).

Growing Demand for Safe and Dependable Energy Sources Likely to Boost Market Growth

Sections of the offshore pipeline system include infield pipelines (pipelines under this category carry liquors within the field; infield pipelines convey a mix of oil, water, and gas from subsea wells to the process platform), export pipelines (transportation is executed from the platform to the coast of operated oil or gas; a pipeline carrying just gas or oil is called a single-phase pipeline whereas the pipeline conveying a mix of gas and oil is known as a multi-phase pipeline), and transmission pipelines (pipelines carrying gas or oil from one seashore to another).

Rising demand for dependable and safe sources of energy has led to an increase in offshore oil and gas production, and the establishment of pipelines to aid these operations. Such demand is expected to drive the global offshore pipeline market. 

In 2021, it was reported that the sophisticated twin offshore pipeline Nord Stream safely conveyed 400 billion cubic metres of natural gas from Russia to Europe through the Baltic Sea since the beginning of its operation.

In 2022, McDermott International secured a Front-End Engineering Design (FEED) contract from QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. 

Market Segmentation

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By line type, the global offshore pipeline market is segmented into:

• Export Line

• Transport Line

• Others

By product type, the market is classified into:

• Oil

• Gas

• Refined Products

By region, the market is divided into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the Market

The report offers an extensive assessment of major players in the global offshore pipeline market; it evaluates their capability, observes latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:

• Saipem SpA

• Enbridge Inc.

• Energy Transfer LP

• TechnipFMC plc

• McDermott International, Ltd

• Sapura Energy Berhad

• Atteris Pty Ltd

• John Wood Group PLC

• Fugro Group

• Others

Using SWOT analysis and Porter’s Five Forces model, the EMR report offers deep insights into the industry.

Key Highlights of the Report