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Subsea market to remain strong, study says

03/10/2008
The global subsea oil and gas market will remain strong for the foreseeable future and is forecast to total $218 billion over 2008-12, reports Scottish Enterprise in a study to be released shortly. This is despite a market growth of nearly 90% during the past 5 years.“The Subsea Market Report 2008-2012,” is one of a series of reports commissioned by Scottish Enterprise’s Energy Team from energy business analyst firm Douglas-Westwood.“We expect that increasing global energy demand coupled with high oil price and the move to deeper waters will drive subsea activity to new levels in the years ahead,” said lead study analyst Thom Payne from Douglas-Westwood&rsquo...
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