Page 27: of Marine Technology Magazine (June 2015)

Hydrographic Survey

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issue for Brazil however is the scandal sues prevalent in many African countries that has embroiled NOC Petrobras. This leading to high development costs. Fol-

The Report

The 5th edition of DW’s World Subsea has led to the departure of most of the lowing Africa is Asia and Latin America

Hardware Market Forecast 2015-2019 senior management team and the ban- which each have a 15% share of Capex. details speci? c subsea hardware trends ning of many companies from bidding It is not just these regions however and by region and component, supported by on projects, which will likely see costs spend will be spread globally – dem- analysis, insight and industry consultation. squeezed, higher levels of scrutiny and onstrating the growing requirement for http://marketreports.douglas-westwood.

com/report/oil-and-gas/world-subsea- project deferrals as a result. However, subsea hardware worldwide. hardware-market-forecast-2015-2019 due to the long lead times for much of the hardware in Brazil the major im- pact of the scandal isn’t expected to be seen on installation Capex until after the forecast period.

Asia will also see high levels of hard- ware spend, accounting for almost the same amount as Latin America. Much of this expenditure will be for trunklines and export lines as opposed to subsea production as

Marine Technology

Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.