Industry body Subsea UK is looking to establish a regional hub in the south of England to identify opportunities and debate the challenges facing the sector.
It is hosting its first south of England networking event in Gosport next Thursday and Friday at the Explosion Museum of Naval Firepower.
The event is part of a series of regional workshops organised by Subsea UK in the key areas across the UK where there are clusters of subsea business.
They will also visit Magma Global, the Portsmouth-based designer and manufacturer of high performance carbon fibre pipe for subsea oil and gas applications, where they will discover how technology has played a part in the evolution of underwater pipelines for deeper, more challenging waters.
Neil Gordon, chief executive of Subsea UK, said: ‘The south of England is home to a huge amount of innovation and expertise, particularly in the areas of oil and gas.
‘Oil and gas are by far and away the largest market for subsea companies but the sharp decline in commodity price is having an impact.
‘Collaboration and driving efficiencies through new technology are critical in the current climate and the subsea sector must rise to the challenge of working together to discover and develop new solutions that will increase production and recovery of hydrocarbon reserves at lower cost.’
Subsea UK is a self-sustaining body that champions the country’s subsea supply chain, representing over 320 members.
It acts as a focal point to promote the sector and maximise its opportunities and provides a national forum for collaboration, diversification and technology development.
Tickets for the networking event in Gosport cost £90 (+vat) for Subsea UK members and £108 (+vat) for non-members. Book a place at subseauk.com.