UK and Australia join forces in subsea sector
A memoriam of understanding hopes to promote opportunities for subsea supply chains in both countries.
The Global Underwater Hub (GUH), based in the UK and the Subsea Innovation Cluster Australia (SICA) plan to share market intelligence and learning around energy transition and defence.
Underwater-defence market opportunities exist within robotics, via AUKUS – the trilateral security partnership between Australia, UK and the US. Western Australia is also key for global telecoms, providing a gateway for communication to Asia, the Middle East and Africa.
GUH Chief Executive Neil Gordon mentioned the potential for subsea markets in the energy transition. ‘Decommissioning is a significant opportunity in Australia where the inventory of subsea assets requiring to be decommissioned includes over 1,500 wells and structures and 4,500km of pipelines with major opportunities for specialist plugging, cutting, inspection and recovery technologies.
‘Meanwhile in offshore wind, largely focused on key areas in the South East and Western Australia, there are projects totaling 11GW. The subsea requirement for cables, foundations, survey and protection systems across upwards of 700 turbines provides a significant future opportunity for UK subsea companies.”
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