Snippets from the recent ‘World ROV Report 2008 – 12’ by DW:
…..expenditure on work-class ROV ops is likely to total $1.6bn in 2008 and the market is set to reach $2.4bn by 2012…..
….offshore utilization and ROV day rates have increased dramatically over the past five years and stand at an all time high…..
….ROV day rates have increased 42% in Africa, ME and the Caspian….shortage of skilled operators have caused personnel day rates to grow by 47-50% in these areas….
….although oil prices have fallen of late, this is likely to be a short lived phenomena……high levels of drilling activity and increased installations are to continue apace as shallow water oil reserves deplete worldwide and deepwater increasingly becomes one of the few remaining places where major oil oil finds can be made…..
……over the next five years some 655 new work class ROV’s will need to be built to satisfy demands of market growth and attrition of existing fleets….
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