Tech firm secures £1 million to transform corrosion management
A company which aims to transform corrosion management has secured a £1 million investment to further develop its technology and expand into the oil, gas and petrochemicals sectors.
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A company which aims to transform corrosion management has secured a £1 million investment to further develop its technology and expand into the oil, gas and petrochemicals sectors.
The subsea robotics specialist is set to add to its ranks at its Middle East base due to a rise in demand for its services following a successful first year in the region.
The company continues to observe growth in Europe, the Middle East and Africa.
Steve Gordon, Managing Director of Clarksons Research, said that offshore investment and activity levels are increasing in the region, with project Final Investment Decisions totalling US$23 billion reported in the year to date.
Recent reporting from the company's ongoing project in support of NPCC demonstrate a 60% reduction in overall cutting time utilising its ultra-high-pressure abrasive water jet internal cutting system.
Safe and continual performance of lifting equipment crucially depends on minimising risk through improved resilience to failure
Entries are open to all UK-registered companies within the oil and gas and renewables sectors.
The application will allow those working in the oil and gas industry to visualise in a real-world environment how its range of instrumentation can provide accurate and reliable, multiphase and bulk level, density and interface measurements.
The Aberdeen headquartered company’s ‘Active’ technology enhances its FiberLine Intervention (FLI) distributed sensing capability with an add-on package of electronic and optical sensors that capture single-point readings along the wellbore.
The Upside Case estimates are Liquids 283 million bbl and Gas 265.9 billion ft3.
The equipment and service provided by Baker Hughes will support Apache North Sea’s exploration and development activities in the North Sea for the next three years.
Colin Foreman, Deputy Editor at GlobalData, says that if the proceeds of the Aramco IPO are invested as planned, and become a catalyst for broader development in Saudi Arabia, then the long-term value of the listing will greatly outweigh any potential disappointment in the company’s valuation.