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Sub-Sea diving: industry overview

india Updated: Mar 24, 2008 00:33 IST
Mini Pant Zachariah
Mini Pant Zachariah
Hindustan Times
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Sub-sea diving industry comprises divers and technicians who are trained for the inspection, maintenance and repair of undersea installations and the biggest employer is the oil and gas industry. The sub-sea divers access offshore pipelines that have to withstand heavy corrosion because of salinity in the water.

The global oil requirement has increased almost three times in the past decade. Rising oil prices, touching a record $110 per barrel, is forcing countries to explore new reserves. The one billion barrels a day oil production of the OPEC countries is inadequate to meet the global demand projected to increase by 2.2 per cent annually for at least another 20 years, according to McKinsey Globe Institute. Asia will account for more than 70 per cent of the world's incremental demands, spurred by consumption in China and India, the world's fastest growing economies. Oil-producing countries are aware that Asia will need more energy in future and most are committed to serious efforts and investments to increase and expand energy supplies. Back home in India, although the Oil and Natural Gas Commission has vast reserves in the India waters, many offshore fields are still to be exploited. In addition to the demand within India, job opportunities in Mexico, the Middle East, China and the North Sea are the most sought after.