Page 52: of Offshore Engineer Magazine (Mar/Apr 2013)

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Subsea UK CEO Neil Gordon top right ( ) and Apache

North Sea project manager bottom right

Mark Richardson ( ).

Subsea

UK subsea sector looks to increase global market share

In his opening address, Subsea UK by 2020 it is going to accumulate

Subsea UK’s ? agship

CEO Neil Gordon said that the £6 billion.” BG, for example, had event – Subsea 2013 – global subsea market was set to located its centre of technology

I was held in Aberdeen double from £20 to 40 billion globally in Brazil. In the US, about over the next ? ve years. The big $30 million is invested annually last month. Subsea UK challenge for Subsea UK and for on technology development and in represents the the subsea UK industry was how to Norway about $14.5 million.

retain one-third of that market and On the UKCS, the main focus

UK subsea industry, grow its global share. was looking at maximizing oil which generates He identi? ed four global subsea recovery, which currently averaged £6 billion in revenues, hubs: the UK/European one; 40%, compared with over 50% in

US/Gulf of Mexico; Brazil and the Norway. Another challenge is the one-third of the global

South Americas; then Malaysia, UK’s ageing infra-structure. Integrity market, and supports

Singapore, Australasia and management, looking after the 50,000 jobs. The

Australia. He pointed out that in systems, was becoming a big focus countries like Brazil, Norway and for the future.

industry body has the US had very strong government over 250 members supported schemes investing in Signi? cant growth from the entire supply their technology. He called for A survey of Subsea UK members, similar support in the UK to help announced at the conference, chain across the UK. develop technology and to compete revealed that 100% of ? rms are

Meg Chesshyre took on an international level. predicting signi? cant growth in the In Brazil there was an R&D tax next 12 months. Almost half expect a look at the buoyant incentive scheme where 1% of to grow by 30% and a third by more state of the industry.

gross revenues from oil and gas than 50%. Almost 90% of those went into a fund for research and surveyed saw turnover and pro? ts development, with 50% being rise in 2012 with over half reporting spent on education and 50% on growth of 20% and a ? fth reporting technology. That fund has grown more than 50% growth.

dramatically. “I think up until 2012 The key drivers for growth were it accumulated £362 million, and identi? ed as a sustained high

OE | March 2013 oedigital.com 54 oe_SubseaUK_rev2.indd 54 27/02/2013 11:57