THE theme for Subsea Expo in 2021 will be Oceans of Opportunity – harnessing the Blue Economy.
The exhibition and conference will explore how the UK’s underwater engineering industry can capitalise on the global blue economy, estimated to be worth $3 trillion by 2030.
Organised by industry body, Subsea UK, the three-day event will take place at Aberdeen’s P&J Live from 23-25 February 2021.
The world’s leading exhibition and conference focused on the underwater industry is set to be one of the first post-pandemic, large-scale physical, as opposed to virtual, events back on the international calendar.
Neil Gordon, Subsea UK chief executive, said: “The underwater engineering industry currently generates annual revenues of £7.8billion and a large slice of that still comes from the oil and gas sector.
“However, as the industry extends its reach into offshore wind, defence, ocean and marine science and aquaculture, there is the opportunity to grow global marketshare of what’s now known as the blue economy or ocean economy.
“Forecast to be worth around $3 trillion in the next ten years, the blue economy is the sustainable use of ocean resources for economic growth. Oil and gas, offshore and marine renewables and aquaculture account for around a third of its value.
“This is good news for the subsea industry whose underwater engineering capabilities, honed in North Sea oil and gas and increasingly in demand in offshore wind, are eminently transferrable to defence, ocean science, aquaculture and deep-sea mining.”
