Subsea Expo draws record attendance as the industry gets fit for $30 oil
ABERDEEN, Scotland -- Almost 5,000 visitors made their way to Europe’s largest subsea event, Subsea Expo, held in Aberdeen this week, despite the industry facing its toughest year ever. Delegates flew in from all corners of the world, including Africa, Brazil, Japan, Mexico, Nigeria and the U.S.
“A clear message from the show was that we have to get fit for $30 oil. We cannot keep hoping that the price, and therefore investment and activity, will pick up in a year or so. Transforming the way we work is crucial,” Subsea UK’s Chief Executive Neil Gordon said.
“A large dose of vision and courage from the leaders in our industry is needed to achieve the behavioral changes that will ensure we are profitable and sustainable at $30. The good news is that we can do this but it’s not going to be easy. Much greater collaboration will drive standardization and simplification, which are key to getting the cost base down,” Gordon added.
A number of companies launched technology at the show.
Xodus unveiled its new asset lifecycle screening tool HAWXEYE at the event.
“Subsea Expo has been the ideal venue to not only showcase our new HAWXEYE technology but also demonstrate and discuss our agile way of working in this cost-constrained climate. The mood at the show has been buoyant and very much focussed on the need to look at new ways of working to adapt to this new norm,” Graeme Rogerson, operations director at Xodus Group, said.
The conference program was packed with speakers delivering leadership messages on the themes of transformation, maximizing global opportunities, key projects around the world, standardization and technology R&D. The technical sessions and technology spotlight boasted a host of insightful sessions on integrity management, pipelines, ROV inspection and field development.
