North Sea

Over 5000 people set to attend Subsea Expo 2018

Subsea Expo

The number of people set to descend on Aberdeen for this year’s Subsea Expo is expected to be in excess of 5000, the event’s organisers have said.

The large attendance at Aberdeen Exhibition and Conference Centre (AECC) is also thought to represent people from 49 countries.

Subsea UK has urged the industry to face the future changes in the industry and ‘adapt to the new reality’, making this year’s theme ‘Facing the Future’.

The theme aims to examine what must be done to reinvent the industry in a lower price environment and ensure the UK maintains its world-leading position.

Neil Gordon, chief executive of Subsea UK said: “The industry has recognised the need for change, innovation and diversification, and made great efforts to ensure the UK remains competitive within the rapidly evolving marketplace.

“It has taken some time, but the industry is now adjusting to a more stable oil price between $60-70/bbl. We are also starting to see some progress in terms of improved behaviours leading to more successful collaboration outcomes, but there is still much to do in this area ensuring supplier engagement earlier in the project lifecycle.

“Projects are being re-worked, priorities are being re-evaluated and enabling technologies are being applied to maximise efficiencies, reduce cycle times and lower costs. It’s now time to embed these new ways of working to ensure the future is bright, regardless of the oil price. With 55% of UK subsea revenue now attributed to exports, it’s important that we maintain our efforts to increase overseas opportunities.

“We have also seen strong growth in offshore renewables and many subsea companies have improved their resilience in the current climate by increasing their activities in wind, wave and tidal. We look forward to discussing and debating these topics, amongst many others, at Subsea Expo 2018.”

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