Subsea UK invests in market intelligence to help identify opportunities as industry adapts to virtual working
16 April 2020
Subsea UK has invested in its market intelligence product, SubseaIntel, so that its members can access all the latest global opportunities when the economy starts to recover from the coronavirus pandemic.
SubseaIntel is a unique on-line database, which provides subsea specific market intelligence at the touch of a button. The tool has been substantially upgraded to help streamline and improve subsea intelligence-gathering and is being re-launched this week.
It will allow users to delve deeper into almost 1,400 subsea oil and gas projects and 130 renewable projects worldwide and discover relevant upcoming opportunities using intensively researched data, including news relating to these projects.
Subsea UK, which represents the UK’s £7.8 billion subsea sector, developed SubseaIntel in 2015 to provide members with easy access to global market opportunities, market sizes in each country and industry trends. Prior to this, there was no single portal for finding this specific information.
The database allows Subsea UK’s 300 members to keep track of contract awards, including those up for tender, and provides contract values when available.
Major contracts for these projects are flagged on the system including EPC, front-end engineering and design, well intervention, inspection and repair contracts through to flexible pipelay and acoustic positioning.
Every project in SubseaIntel has been individually researched to provide accurate and up-to-date information, presenting a comprehensive overview of global subsea activity including technical data where possible and the associated news updates. The data can be customised to review and compare the current status of subsea projects and developments.
Neil Gordon, chief executive of Subsea UK, said: "The number of companies using the service has increased year on year, underlining the value of comprehensive, up-to-date information in an accessible, user-friendly format to members.
"The current global situation and low oil price have resulted in projects being deferred or cancelled. However, the supply chain needs access to dynamic market intelligence to monitor the changes and identify opportunities whilst we are coping with the impact of coronavirus crisis and SubseaIntel is now revamped and ready for them to use in planning, forecasting and assist with business development strategies.”
The on-line tool is fully interactive and personalised to each user with the ability to set specific searches and automatic email alerts. Information is categorised by a number of criteria: including region, operating or contracting company, project status and lists the associated contracts to the project as well as information notes and latest news.
The new version of SubseaIntel is now live and Subsea UK will be hosting virtual e-learning events via Microsoft Teams to give a comprehensive overview of the upgrades on 7th May, 11th June and 9th July 2020.