MONACO -- Seven UK companies are showcasing their technologies and expertise at Subsea UK’s stand at the Deep Offshore Technology International conference this week. The delegation comprises BPP-TECH, Exsto UK, First Subsea, flexlife, Optical Metrology Services, Rotech Subsea, and UTEC Survey.
“DOT is an excellent opportunity for UK companies to promote their technology to an international audience,” said Alistair Birnie, chief executive of Subsea UK. “Whilst the North Sea will continue to offer significant opportunities, so does the expansion into increasingly deeper and more challenging fields in other provinces around the world. Fluctuating oil prices and the banking crisis have slowed the speed of growth in recent months and make it even more imperative for UK companies to grasp new international opportunities."
“DOT is renowned for profiling technology solutions to the challenges facing deepwater operators and among the companies exhibiting with us there are some key innovations in areas such as deepwater moorings, riser inspection, and cable protection systems.” Brinie added: “With subsea technology and skills increasingly required to meet global demand for energy, Subsea UK’s role is to ensure that the UK industry captures a significant share of this growing market, estimated to be worth almost $30 billion. Part of Subsea UK’s strategy in maintaining the country’s worldwide prominence in this industry, is to initiate, organize and oversee a series of events which offer new business opportunities and market intelligence. These include inward and outward trade missions, participation at leading subsea events around the world and the creation of new events to meet demand.”