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