One
in
five
subsea
companies
posted
growth
of
more
than
50%
in
2012,
according
to
the
poll
by
industry
group
Subsea
UK,
which
represents
250
companies
in
the
sector.
Sustained
high
oil
prices,
an
increase
in
global
demand
and
new
technology
making
more
developments
viable
were
all
credited
for
the
continuing
rise
in
subsea
fortunes.
Subsea
UK
chief
executive
Neil
Gordon
said
that
the
sector
was
“one
of,
if
not
the,
fastest
growing
in
the
country,”
generating
annual
revenues
of
$9.4
billion.
He
said
some
companies
polled
were
expecting
75%
growth
this
year
and
“many
of
our
small,
entrepreneurial
companies
focused…
