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'Market for ROVs in the Global Oil & Gas Industry to be Worth $2.5bn in 2013' Says Visiongain Report
[February 12, 2013]

'Market for ROVs in the Global Oil & Gas Industry to be Worth $2.5bn in 2013' Says Visiongain Report

LONDON, Feb 12, 2013 (PR Newswire Europe via COMTEX) -- LONDON, February 12, 2013 /PRNewswire/ -- Visiongain [http://www.visiongain.com ]'s analysis indicates that the global market [http://www.visiongain.com/Sector/124/Energy ] for remotely operated vehicles (ROVs) in the oil & gas industry will reach a value of $2.46bn in 2013. The sector will experience strong growth over the forecast period as increasing expenditure in the deepwater and subsea construction markets create strong demand for ROVs.

The lead analyst of the report on ROVs in the oil & gas industry [http://www.visiongain.com/Report/980/ROVs-in-the-Oil-Gas-Industry-2013-2023 ] commented that 'The market for ROVs in the oil & gas industry is a rapidly growing segment of the global offshore oil & gas market where technological advances of recent years have resulted in increasing installation of subsea infrastructure, and have allowed companies to operate in ever greater water depths. The complexity of subsea equipment and the dangers associated with operating in deepwater and ultra deepwater areas have made ROVs indispensable to the development and safety of offshore hydrocarbon projects around the world. Demand for ROVs and ROV services will grow as oil & gas companies increase their production from offshore reserves and decommissioning of old fixed production facilities increases. Due to the integral role ROVs play in the offshore oil & gas industry, investment is bound to grow strongly over the next decade'.

The ROVs in the Oil & Gas Industry 2013-2023 report, analyses this rapidly developing part of the energy market and provides insights into the drivers and restraints that will shape the market over the next decade. The report contains 123 tables, charts and graphs that add visual analysis in order to explain developing trends within the global and 6 outlined regional markets. In addition, the report provides profiles of 15 major companies operating within the market, and includes an interview providing expert insight alongside Visiongain's analysis.


The report on ROVs in the oil & gas industry 2013-2023 will be of value to current and future potential investors into the ROV, subsea construction and deepwater markets, as well as companies who wish to broaden their knowledge of the ROV market.

For sample pages and further information concerning the visiongain report the ROVs in the Oil & Gas Industry 2013-2023 please visit http://www.visiongain.com/Report/980/ROVs-in-the-Oil-Gas-Industry-2013-2023 For an executive summary please contact: Sara Peerun sara.peerun@visiongainglobal.com or Tel: +44(0)20-7336-6100 Companies Listed AF Group Ageotec Aker Solutions Allseas Anadarko Andrew Survey Apache Corporation ATP Oil & Gas Baker Hughes BC Petroleum BG Group BG Norge BHP Billiton BowLeven BP BP Brazil BPZ Energy C-Innovation Canyon Offshore Centrica Chevron Chevron North Sea Ltd.

China National Offshore Oil Corporation (CNOOC) COOEC ConocoPhillips Dana Petroleum Deep Ocean Engineering Inc.

Deep Ocean Group Deep Sea Systems International DOF AS DOF Subsea DONG Energy ECA Robotics E.ON Energy Resource Technology GOM Inc.

ENI Elf Exploration UK Ltd.

Esso Expro International ExxonMobil FMC Technologies Forum Energy Technologies (FET) Fugro Fugro Subsea Services Limited Galoc Production Co.

Gujarat State Petroleum Corporation Hallin Marine Harvest Natural Resources Heerema Marine Contractors Helix Energy Solutions Group Hess Corporation Hibbard Inshore Husky Energy Husky Oil China Ltd i-Tech IKM Gruppen IKM Subsea IKM Subsea Norway IKM Subsea Singapore Inpex Corporation Integrated Subsea Services Ltd. (ISS) International Submarine Engineering Ltd. (ISE) iSurvey Group AS Ithaca Energy Kystdesign AS Larsen & Toubro LLOG Lundin Petroleum Maersk Oil Marathon Oil Mariscope McDermott Mermaid Maritime MMT Sweden AB MPX North Sea Ltd.

Murphy Oil Neptune Marine Services Nexans Nexen Noble Energy Nordstream Oceaneering International Inc.

Ocean Modules OGX OMV Petroleum Oil and Natural Gas Corporation Limited (ONGC) Oriental Oil Origin Energy PDVSA Pearl Energy Pemex Petrobras Petrofac Premier Oil RasGas Repsol S.A.

Roc Oil ROVOP Royal Dutch Shell RWE-DEA SAAB Seaeye SAAB Underwater Systems Saipem Saipem America Salamander Energy Santos Schilling Robotics Seabotix Serica Energy Shenzen Company Sinopec SNK Ocean Co. Ltd.

Soil Machine Dynamics (SMD) Sonsub Statoil Subsea 7 S.A.

Suncor Energy SURF Subsea Talisman Energy Inc.

Technip Total S.A.

TA 1/4rkiye Petrolleri Anonim Ortakl (TPAO) Transmediterranean Pipeline Company Ltd.

Tullow Oil Valiant Petroleum Wintershall Holding GmbH Woodside Energy Xcite Energy Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44(0)207-336-6100 About visiongain Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

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