The subsea oil and gas sector has experienced impressive revenue growth over the past four years, but is expected to face consolidation and challenges in the next five years. These challenges include a shortage of skilled personnel, service company supply constraints, and limited access to raw materials. The subsea sector will need to improve the reliability of its technology to operate at greater water depths and flow distances. Three areas of focus that may affect future growth include the rise of NOC power and its impact on technology development, the extension of subsea technology into new regions, and the need for companies to invest in research and development to stay competitive.
