Aberdeen-based Xodus Group is undertaking an international study to determine the strength of the Scottish subsea market.
Over the next 12 months the findings will help shape projects and activities in support of Scottish Enterprise’s Subsea Engineering Action plan.
Xodus, an engineering advisory group, will carry out a comparison of key international subsea hubs after carrying out initial analysis into Scotland’s competitive advantages.
It will also compare Scotland’s benchmark capabilities with other regions.
The results will be based on eight key focus areas including project lifecycle, key individual technologies and subsea processing.
Andrew Wylie, operations director for Scotland and Norway at Xodus Group said: “We have created our own ‘knowledge database’ from our experience in subsea engineering which retains knowledge from all our projects to support internal learning, innovation and efficiencies when delivering projects. This will support our team in identifying any perceived gaps in services, technologies or capabilities provided by the Scottish market.
“With the general lack of available benchmarking data globally, including in the North Sea, our extensive track record in subsea projects and our existing analysis of them, are particularly important to gather an understanding of where technology or services have failed or been successful. In partnership with Scottish Enterprise, we look forward to working with the sector’s leading organisations to tackle the subsea challenges which will benefit the industry in Scotland.”
David Rennie, sector head for oil & gas at Scottish Enterprise added: “We’ve worked closely with Xodus in recent years and know with its international experience and expertise that they are well equipped to deliver this important piece of work.
“Scotland already accounts for 14% of the global subsea market, comprising over 600 companies, generating an estimated annual turnover of £7.5 billion. The results of this study will allow us to identify where Scottish subsea companies can deploy their skills and support our plans for delivering a wide range of projects to ensure our companies are well placed to take advantage of new opportunities going forward.”
Any companies wishing to input to the study can visit Xodus at stand 106 at Subsea Expo.
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