Global subsea expenditure to exceed $80 billion

Infield Energy Analysts forecast that over the period 2009 through to 2013, the total global subsea sector expenditure will exceed $80 billion.

Offshore staff

LONDON -- Infield Energy Analysts forecast that over the period 2009 through to 2013, the total global subsea sector expenditure will exceed $80 billion. This is for subsea equipment and drilling and completion. This is up from $46 billion on the previous five years. Approximately 3,222 trees are expected to be started up within the next five years, the biggest players being Petrobras (374), Shell (244), Total (237), Chevron (236), BP (229), ExxonMobil (215) and StatoilHydro (194).

The new Global Perspective Subsea Market Update is being launched at Subsea 09 in Aberdeen on Feb.11-12 and at PennWell's Subsea Tieback Forum & Exhibition in San Antonio March 3-5.

02/09/2009

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