Home: Issue 3 2010 › Master plan
02/04/2010 | Channel:
Subsea, Subsea UK
Subsea UK has unveiled its new business plan, which will see the industry body tackle the challenges facing one of the UK's highest-performing and fastest-growing sectors.
Chief executive Alistair Birnie explained: "Through the UK's subsea capability, competency and capacity, the sector has become world-leading with the expertise and experience gained from the pioneering days of subsea oil and gas production in the North Sea now in global demand.
"The UKCS is becoming much tougher to extend with rewards often not able to sustain costs. However international subsea business is set to grow from $40 billion to around $60 billion in four years and opportunities in renewable energy are starting to become more tangible.”
As a result, Subsea UK's business is to be focused on helping companies grow their global markets here and ensuring the sector achieves 40 per cent growth.
The industry body is also leading the charge to make the UKCS a viable and sustainable proposition through its work in supporting skills development, safety and key initiatives to address immediate challenges such as equipment obsolescence and reliability.
Alistair added: "Collaboration will also be essential for the future and Subsea UK is already working with partne