Page 28: of Offshore Engineer Magazine (Jan/Feb 2015)

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GLOBAL OFFSHORE MARKET FORECAST autonomous underwater vehicle (AUV) operation. Increasingly used for deepwater surveys, at present a range of technological advancements in the space are being developed. AUVs are commercially proven in pipeline inspection markets, while develop- ments in other areas are taking place at

Subsea infrastructure - present.

Life-of-? eld inspection work and sealine inspection surveys are simi- growing and moving deeper larly in the early stages of commercial development. Tests employing AUVs for sealine inspections have been car-

This vast expenditure will nearly double the size of the ried out recently and are continuing to

Subsea hardware spending in 2014-18 existing infrastructure network, below the water surface. With be applied to the units in some regions, is forecast to nearly double the size non-productive time and delays prohibitively costly for opera- while life-of-? eld inspection activity tors, the outlook for high quality subsea inspection, repair and has generally been delayed until 2015. of installed subsea infrastructure, maintenance (IRM) is positive. With the growing infrastructure and according to Douglas Westwood’s

Growth in subsea infrastructure spend continues trending subsea pipeline network, we expect to towards deeper waters. Around 44% of total Capex in the next see AUVs gain market share over the latest estimates. Matt Lo