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New Intelligence Service Reveals 300 major Subsea Projects to Play For

27 April 2011

Subsea UK has launched a new service for members which provides valuable market intelligence on the global industry.

The body which represents the UK's subsea oil and gas sector has compiled a series of databases containing vital market information on subsea projects, contracts and new discoveries, which will be regularly updated and available from the members' section of the Subsea UK website.

The project database reveals that there are more than 300 major on-going or up-coming subsea projects globally, which will require more than 1,300 subsea trees, 110 manifolds, and 12,000 km of subsea umbilicals, risers, and flowlines. These include 70 projects in the UKCS, as well as those in major centres of activity in Norway, Brazil, West Africa, Australia, Asia-Pacific, and the Gulf of Mexico.

Information provided in the projects data base includes the name of the project, the operator, main contractor, equipment suppliers, along with the project status, where it is located, water depths, as well as the current number of trees, manifolds, umbilicals, flowlines and risers currently in use and required in the future future meet demand. The database also hold information on FPSOs and subsea vessels.

The contracts database reveals that more than 100 major subsea contracts totalling over £4.5 billion have been awarded globally during the first four months of 2011. These include 23 EPIC, 33 manufacturing, and 13 installation contracts. Information on contracts that have been awarded in the past three years is now available in the contracts database including type of contract, companies involved, geographic region, and value - when available.

Subsea UK chief executive, Alistair Birnie, said:

'This is the first time that all of this publicly-released information has been available through one source and will provide valuable key facts and figures for business development. It adds real value to membership of Subsea UK as the up-to-date intelligence would be otherwise difficult, costly and time-consuming for companies to gather individually.'

Subsea UK is a self-sustaining body that champions the UK subsea supply chain, representing over 220 members. It acts as a focal point for all stakeholders to promote the sector and maximise its opportunities at home and abroad and provides a national forum for collaboration, diversification and technology development.

The last review of the subsea sector in 2010 revealed that the UK subsea sector comprised around 760 companies, supporting 50,000 jobs, generating £5.9 billion in revenues and exporting around 50% of those revenues.