Annual ROV Operations Spend to Top $3.2bn by 2014

Annual oil & gas industry expenditure on work-class ROV (remotely operated underwater vehicle) operations is likely to reach $3.2 billion by 2014 – with African and Asia Pacific expenditure overtaking that of Western Europe in the coming years.  These are amongst the findings of in the new edition of “The World ROV Market Report 2010-14,” a market study published today by energy business analysts Douglas-Westwood.

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