INDUSTRY body Subsea UK is encouraging businesses operating in subsea oil and gas, oceanology and marine renewables to participate in new research into the sector.
A study launched today will ask more than 800 British subsea companies for information on revenues, business activity, employee numbers, export value and export growth potential.
The last review, conducted by Subsea UK in 2007, revealed that the country’s subsea sector led the way around the world, with around 800 companies employing 40,000 people and generating £5billion in annual revenues.
Subsea UK chief executive Alistair Birnie said yesterday: “Subsea has become increasingly important to the upstream energy sector, both in terms of developing and stimulating further investment on the UK continental shelf and in growing the UK’s export base.
“There is a recognition in all quarters that the UK subsea industry is one of the highest-performing sectors of the UK economy, with significant growth potential.
“The last review revealed that the UK subsea sector was indeed a world leader and enabled us to demonstrate its importance to future customers at home and abroad, to government and government bodies and other stakeholders.
“It is therefore vitally important and in the interests of all subsea businesses that we update those findings.”
The findings will be revealed at Europe’s biggest subsea event, Subsea 2011, at Aberdeen Exhibition and Conference Centre on February 9-10.
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