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Subsea spending set to skyrocket

AS EXPLORATION moves even further offshore, the demand for subsea vessels is set to dramatically increase, according a report by energy business advisers Douglas-Westwood.

Subsea spending set to skyrocket

The DW findings show a 54% increase in expenditure for subsea vessel operations, and a 23% jump in demand. The global spend for 2013-17 is estimated at $US106 billion ($A117 billion). It also anticipated...

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