The McKinsey Globe Institute has projected a 2.2 per cent annual increase in demand for oil per annum for at least another 20 years. According to petroleum giant Exxon Mobil, energy demand worldwide is likely to be 325 million barrels per day by 2030, of which hydrocarbons will account for 80 per cent.
Engineering and construction activity will accelerate in all sectors of petroleum in the Middle East, Russia, Africa, South East Asia and America and Canada. As the oil production and exploration increases there will be more demand for inspection, maintenance and repair of these installations, resulting in the demand for sub-sea divers. Because of acute shortage of divers, global sub-sea sector companies are looking at India for manpower.