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T he Third Annual MTR100, presented here in our Yearbook edition, has become a valuable exercise in assessing the overall direction and health of the subsea industry. The direction and health of this industry today can be summarized in a simple phrase: “Oil & Gas.”

While academia and defense remain strong pillars, a near perfect storm has formed in regards to subsea tech- nology and the hunt for offshore O&G. Record demand and prices for oil and gas globally; a strong orderbook for technologically advanced ships and boats to drill for and service this expanding industry; political pressure and renewed supprt in the U.S. to expand offshore O&G zones for drilling; and ever- improving technology which makes the discovery and recovery of subsea assets more cost-efficient: All have conspired to induce the most balance-minded executives to put all of their proverbial eggs into the mushrooming oil and gas basket.

The 2008 MTR100 is filled with a diversity of subsea market players, but this year the flavor is decidedly O&G, with insights from not only the devel- opers of subsea technology serving this market, but also some of the biggest names in the deployment of this technology to feed the world O&G need.

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Vol. 51 No. 6

ISSN 1559-7415

USPS# 023-276 www.seadiscovery.com

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