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September 2022

Subsea Survey IRM Conference To be Held in Houston

Image: Subsea Survey IRM Subsea Survey IRM will again focus on projects, case studies and technology related to performing survey work, IRM tasks and offshore structure removal for the offshore oil & gas industry. At the 2010 conference in Galveston, analyst Steven Kopits of Douglas-Westwood “Set the Stage” for the years to come in the global subsea industry. The global E&P expenditure is plowing ahead with new developments. Brazil will capture the focus of the E&P market and expenditures worldwide are expected to climb from $447 billion in 2010, 8%
in 2011, and 5% in 2012. Deepwater production is considered to be key and predicted to grow 99% over the next 5 years representing $137 billion in CAPEX. Deepwater drilling spending is expected to increase 57% in 2013. The IRM market as a whole is expected to increase from $4.5 billion in 2008 to $7 billion in 2014, about 10% per year, according to Kopits, with Africa taking the lead over the Gulf of Mexico and the North Sea by 2014. With about 7,400 fixed platforms installed worldwide and over 200 installed per year, this market will fuel the $19 billion in abandonment and clearance expenditures expected over the next 5 years with the UK, Norway and the U.S. representing 80% of the market. With all of this activity Kopits predicts these markets will require 550 new work class ROVs by 2014 with expenditures up 89% and reaching $3.2 billion. AUVs will enter the oilfields this year with such advanced technology being showcased by Cybernetix (for Total in West Africa) and Lockheed Martin for other operators.

Subsea Survey IRM, now in its 6th year, is the only conference dedicated to survey, metocean and IRM. You won’t want to miss out on the vast amount of information presented this year whether you are an operator, service provider or manufacturer. This year, Subsea Survey IRM will focus on the technology related to seafloor survey and mapping operations, metocean operations, and the demand for
technology to meet the modern inspection requirements of the offshore energy industry and to enable effective repairs and maintenance accomplished by divers, ROVs, AUVs and remote monitoring technology.

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