Bergen, Norway 11 – 13 June, 2019

Great perspectives for subsea

UTF Chairman Henning Bødtker welcomes HRH the Crown Prince of Norway to the 17th Underwater Technology Conference in Bergen.

HRH Crown Prince Haakon attended the subsea technology conference UTC in June. More than 600 delegates and 50 exhibitors met in Bergen to discuss subsea future leveraging innovation and industrialization. The conference was opened by State Secretary Per Rune Henriksen, and key note speaker Jarand Rystad shared his views on the subsea future describing great perspectives for the subsea industry with a prediction of more than doubling of the subsea market from 39 to 80 billion dollars in 2016. Although the Norwegian petroleum production is in a decline, subsea sees substantial growth and represents great opportunities for Norwegian owned and based supplier companies with a subsea market share of almost 50% worldwide. A main challenge to accommodate this growth is however the access to people.

The UTC is hosted by The Underwater Technology Foundation (UTF). The UTF was set up during the pioneering period of the Norwegian petroleum era and arranged the first Underwater Technology Conference in 1980. The organization was formed by a group of key companies in the oil industry, in cooperation with classification, research and finance institutions in the Bergen area.