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Þ ve-year period, expenditure and vessel demand for both IRM and Þ eld development will account for over 45% of the total.RoWEThe Rest of Western Europe is also a mature region, with shallow water production and little deepwater activity to date. However, there are potential deepwater gas develop- ments in the waters of the eastern Mediterranean. Apart from those, the maturity of the infrastructure in the region means that IRM plays a signiÞ cant role in vessel demand. ConclusionsGlobal demand for subsea vessel operations is expected to grow rapidly over the forecast period particularly for the higher speciÞ cation vessels. With the move to deeper waters, the requirements for vessels with a longer duration on site and with higher technical and operational capabilities are increasing, giving rise to higher expenditure forecasts. The outlook for the subsea vessel operations market shows good long-term growth potential, particularly in North America, Latin America, Africa and Asia-PaciÞ c. The AuthorCalvin Ling BEng (Hons), MSc, Douglas-Westwood, Singapore is involved with the day to day ex- ecution of strategic consulting & transaction support services for a range of corporate and Þ nan-cial clients within the energy and oil & gas industry. Prior to joining DW, he has spent time as an ex- ecutive analyst in an Asian invest- ment banking Þ rm focusing on the South East Asia M&A and IPO mar- ket. Calvin holds a Bachelors in Engineering (Hons) (Civil) and a Master of Science (MSc) (Geotechnical Engineering and Management) from the University of Birmingham, U.K. The Report The World Subsea Vessel Operations Market Forecast 2013-2017 analyzes the main factors driving demand for MSV, DSV, Flexlay, LWIV and Pipelay Vessels. Results ana- lyze vessel demand for key subsea markets, with historic data covering the period 2008-2012 and forecast data for 2013-2017. Read more: www.douglas-westwood.com/shop/shop-infopage. www.douglas-westwood.com/shop/shop-infopage. php?longref=1188 php?longref=1188 www.seadiscovery.com MTR #8 (1-17).indd 11MTR #8 (1-17).indd 1110/15/2013 3:55:02 PM10/15/2013 3:55:02 PM
