SUBSEA UK said yesterday it now had 15 new member companies.
The industry body now has a membership of more than 200 spanning the entire subsea supply chain, from operators to major contractors and manufacturers to small technology innovators.
The group, formed in 2004 with a handful of member companies to champion the rapidly growing British subsurface sector, now represents more than 30% of the country’s subsea firms who between them employ 25%-plus of the 40,000 UK employees in the sector.
Chief executive Alistair Birnie said: “Being a member of Subsea UK is more relevant than ever for companies in the sector.
“The UK continental shelf is becoming much tougher to extend with rewards often not able to sustain costs, however, annually international subsea business is set to grow from $40billion (£27.5billion) to about $60billion (£41.3billion) in four years and opportunities in renewable energy are starting to become more tangible.
“To sustain the UK’s subsea sector, we have to transform our annual exports from around $4billion (£2.75billion) at present to about $10billion (£6.89billion).”
The new members are Silverstone Energy, Ashtead Technology, Bond Pearce, Cosalt, Port Services, Pipe Technologies, Galathea Group, Smit Subsea Europe, IPWL, Strategic Resources, Photo Synergy, Lankhorst Mouldings, Subspection, Ace Winches and Stronachs.