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Rov Industry To Benefit From Smaller Lighter Buoyancy Packs
Created on
16 December 2008 by host
0 Comments | Categories: Industry News
ROV industry to benefit from smaller lighter buoyancy packs
Reports circulating in the industry predict that in excess of 650 new work class ROVs will be required to meet industry demands over the next five years.
While the industry is reported to have spent $1.6 billion on ROV operations during 2008, this figure is forecast to rise to some $2.4 billion by 2012. With a shortage of vehicles and personnel, demand will continue to outstrip supply, even in the medium term, with costs having escalated by almost 50% during 2008 alone.
Continued high levels of activity in deepwater hotspots such as West Africa and Brazil will ensure vital technologies such as ROV operations will continue to flourish even during short-term oil price dips.
Expenditure on new-build ROVs is expected to top $2 billion during the period 2008-12.
Balmoral Offshore Engineering, the Aberdeen-based subsea polymer engineering specialist, has been working with the industry to create a new range of ROV buoyancy to meet continuing deepwater demands.
The improved low density materials allow for increased levels of uplift within a defined volume. These advantages can be used in a number of ways such as reducing vehicle dimensions or increasing uplift without changing the overall dimensions, or both.
These high performance syntactic foams are now being specified in the construction of ROV and tooling pack buoyancy.
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