A method of insulating pipeline bundles used in recovering hydrocarbons from wells is disclosed. A polymeric substance, such as an orthphosphate ester, is injected into the annulus between a carrier pipe and the hydrocarbon conveying tubulars. A ferric salt, such as ferric sulphate, may be added as a gelling agent. The mixture results in a gel having a dynamic viscosity of greater than (1000) PaS. The gel insulates the inner hydrocarbon-conveying tubulars from the surrounding seawater thus helping to maintain the relatively high temperature therewithin. This in turn reduces the likelihood for chemicals, such as hydrates, to be precipitated out of the oil phase.