Global use of the available ROV fleet fell to 32% last year, according to Westwood’s World ROV Operations Market Forecast.
Cost efficiency remains critical for work-class ROVs, the report added, with a requirement for modern systems that can help maximize uptime.
Demand for both traditional oil and gas applications and new offshore support roles should recovery during 2019-2023, by which point the over-supply situation should have eased, with around 50% of the global offshore ROV fleet at work.
Increased autonomy remains a goal for ROVs, Westwood added, with offshore operators seeking reduced manned intervention.
