To support these vessels companies are utilizing their most experienced personnel. This is leaving a void in personnel to service the shallow markets. Contractors who have targeted the shallow market now have an opportunity to increase their market share because of the additional work that is available in the areas of platform inspection and abandonment, mechanical platform repair, and pipeline installation and repair. However, they have the problem of finding qualified workers so they can take advantage of the additional work. Personnel can be a stumbling block for both large and small organizations, since a shortage of qualified personnel exists.
Major companies have attractive employment packages to retain and recruit key personnel.
Small contractors are competing for people with the large corporations, so they need to do all they can to compete. There may not be enough personnel to support a new company in its start-up phase or fuel the growth of existing companies. The good news is that the underwater service industry is healthy. This last year has seen major corporate buy outs, start-up companies, new ownership at established companies, joint ventures and alliances. The industry is experiencing growth, but is also going through changes.