Subsea vessel demand to grow 52% to 2015, says Douglas-Westwood

Offshore staff

CANTERBURY, UK – The demand for subsea vessel operations is set to grow by 52%, totaling $72 billion between 2011 and 2015, according to a new Douglas-Westwood report.

The “World Subsea Vessel Operations Market 2011-2015” also says project timetables are accelerating, project capex is increasing, and global demand for subsea vessels is expected to exceed 310,000 days over the period, an increase of 28% on the previous five years.

Spending over the period is expected to rise from $11.2 billion this year to $19 billion in 2015, the report predicts. It includes vessels used for subsea field development and construction, inspection/repair/maintenance, well intervention, and P&A activity.

08/17/2011



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs