Subsea UK Calls to Include Sector in Oil and Gas Talks

Subsea is a general term frequently used to refer to equipment, technology, and activities employed either directly on the seabed or in the water between the surface and the seabed for the extraction of oil and gas reserves that exist below the ocean floor.

The UK subsea industry currently employs about 40,000 people and last year generated GBP4.3 billion USD8.5 billion) in revenues.

But Pridden warned that the Government had to do more to support this sector's ability to deliver the next generation of technologies to further exploit the remaining reserves. He says that the future of the offshore oil and gas industry undoubtedly lies with subsea systems as these are ideal for developing new oil and gas reserves in deepwater as well as maximising the recovery of oil and gas from old, so called mature fields in places like the North Sea where it is simply no longer economic to build or maintain the large offshore platforms built in the 1970's and 80's.

However, he thinks that we must keep pushing the technological boundaries and find new ways of working to make even the most challenging deepwater and hostile environment projects a viable reality. "Other countries such as Brazil and Norway are investing heavily in programmes between industry, academia and government to develop new technology and get it to market more quickly. The UK subsea sector leads the world but we must meet the critical demand for suitably qualified engineers and bring new technology to market."

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