Subsea market on a high for the rest of the decade

Archer Knight co-founder and executive director, David Sheret, described the surging subsea oil and gas sector and highlighted future opportunities during an interview at Riviera’s Offshore Support Journal Conference, Asia 2024, held in Singapore in September.

He describes the subsea market in Asia, highlighting the projects and future demand, especially for diving support vessels and those providing walk-to-work and maintenance services.

Mr Sheret highlights the decommissioning potential in Australia, and comments on the potential for ordering new subsea support vessels.

But owners face challenges in securing finance to support their fleet renewal, upgrade and expansion strategies for the future.