"The World ROV Market Report 2010-2014 identifies 2009 expenditure on ROV services in the global work-class market at $1.7 billion. The report forecasts rapid recovery and expenditure from a 2009 low, growing to $3.2 billion by 2014. Increase in ROV demand and the attrition of the existing fleet will require over 550 new work-class units over the next five years – driven by the industry’s push into deepwater and the increased necessity of work-class ROVs in today’s industry".
Douglas-Westwood reports….only £2,700.. 😉
http://www.dw-1.com/register/index.php?dowhat=LOGGEDOUT
"Worldwide expenditure within the deepwater sector will total $167 billion between 2010 and 2014 – equating to a
37% increase on the five preceding years. These and other key industry-defining insights are unveiled today in new
research by energy business analysts, Douglas-Westwood.
The World Deepwater Market Report 2010-2014 reveals that sector activity will largely remain within the, ‘golden
triangle’ of Africa, the Gulf of Mexico and Brazil – with regional investment representing over three-quarters of the
predicted global Capex expenditure. The majority of ‘golden triangle’ investment, however, will take place in Latin
America – driven largely by Capex-intensive development plans laid out by Petrobras over the next decade. The
report also highlights that Asian deepwater markets will continue to grow during the forecast period – receiving
around 10% of the total predicted global Capex investment."
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