Subsea UK flying the flag for Britain in the USNews // March 18, 2005
The Subsea Tieback Forum is an annual event which attracts over 1,000 people to explore the latest technical and operational innovations relating to subsea operations and applications.
David Pridden, chief executive of Subsea UK, addressed delegates, sand said: "This high profile event is a must for those operating in the global subsea sector and I am delighted that Subsea UK has this opportunity to promote what we can offer in terms of proven and ground-breaking technologies and services to help oil and gas producers maximize production."
In his speech, Mr Pridden talked about the type of technology Subsea UK members can offer the global marketplace: "From a standing start, British companies have developed some of the most successful technologies to enable economic and efficient subsea oil and gas extraction. Now that the North Sea is at the halfway point of developed versus undeveloped reserves, established operators as well as new entrants to the North Sea are capitalising on this expertise to develop even more economically viable solutions to extract the remaining reserves. The demands of the oil and gas industry now are such that we are likely to see significant advances, finally, in subsea processing and subsea communication resulting in significant capex and opex cost savings."