Subsea UK has launched a new market intelligence service to help subsea companies exploit global opportunities.
The industry body, which represents the UK’s £9 billion subsea sector, has developed SubseaIntel – a unique on-line database which provides regularly updated details on almost 1200 subsea projects worldwide.
Subsea UK says this unique database will provide sought-after subsea market intelligence all in one place, at the touch of a button. Subsea Intel allows users to delve deeper into current projects across the globe and discover upcoming opportunities using intensively researched data. Users will be given a unique and secure log-in to search for, track and monitor global subsea discoveries and projects.
The database will allow them to identify which contracts have been awarded and to whom, when contracts are up for tender or renewal and what the values are, where available. This includes major EPC contracts, front-end engineering and design, well intervention, inspection and repair through to flexible pipelay and acoustic positioning.
Data can be customised to review and compare the current status of subsea projects and developments as well as uncover the market-leading countries and industry trends.
Information is categorised by a number of key factors including: region, operating or contracting company and water depth.
Neil Gordon, chief executive of Subsea UK said: "SubseaIntel represents a considerable investment by Subsea UK in an added value service for members. For the first time, valuable intelligence on the global market will be readily available to help them with planning, forecasting and business development.
"Members will be able to pinpoint the most relevant regions, projects and contracts for them with all the project characteristics and analysis they need to make informed decisions.
"In the current climate, companies need all the support they can get and SubseaIntel will give our members valuable business development and analyst support at no cost.”
Each project in SubseaIntel has been individually researched and analysed to provide accurate and up-to-date information, presenting a comprehensive overview of global subsea activity. The site has been designed so members can update or add data themselves, offering a fully interactive service.
SubseaIntel has just gone live and is exclusive to members of Subsea UK.
Adapted from press release by Joseph Green