Increasing activity, led by scaled down, accelerated projects and subsea tiebacks is helping drive an increasing business in the subsea industry. But there’s slim chance of revisiting the boom days of 2013, the Society of Underwater Technology’s annual Global Subsea Market Outlook Business Breakfast heard this morning.
Henning Bjørvik, an analyst in the Oilfield Service team at Rystad Energy with a primary focus on the subsea market, says that in 2022-2023, close to 400 trees are expected to be installed. But, that’s still short of the industry’s peak activity in 2013.
Brazil Energy Insight 
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