Deadline Looms to Apply for Subsea Tech Funding

Friday, October 07, 2011

ITF is calling on technology developers to come forward with innovative solutions to drilling, well intervention and subsea challenges, with the potential for successful proposals to receive up to 100% funding. Submission deadlines are fast approaching for three global calls for proposals, following the identification of key priorities at a series of Technology Challenge Workshops (TCWs) by ITF members earlier this year.
The calls for drilling and well intervention solutions follows on from two workshops held in Amsterdam earlier this year, where a number of operators and service companies identified the shared challenges where they would like to see innovative technologies developed.
The call for proposals for subsea technologies was the result of Technology Challenge Workshops which took place in London and Perth, Australia, where ITF has also recently established a new office.
Neil Poxon, Managing Director of ITF said: “Finding new and innovative ways of drilling is a top priority of research and development for oil and gas operators around the world. Improving efficiencies in this area is crucial for the industry as it faces increasingly testing frontiers of exploration.
“Similarly, with sustained high oil prices, more marginal wells are proving to be economically viable so novel technologies are required to increase oil recovery through various forms of intervention.”
The drilling call is an open invitation for organisations to submit high quality proposals for research, development and/or field trials of potential solutions to deal with issues faced in the sector. The main problems to be addressed are:
- Improved well control
- Improved blowout response
- Formation support while drilling
- Zonal isolation of reservoir sections
- Improved information recovery from the drillstring while drilling
- Improved Pressure and Temperature (PT) sensors for High Pressure High Temperature (HPHT) wells and heavy oil
Likewise, the well intervention call has been issued to attract proposals which could lead to technology solutions for the challenges identified by ITF members. Specific areas of focus include:

Pressure control equipment
In-line monitoring for: gas leaks, hydrates, system pressure loss
Improved tree design
Annulus intervention technologies
Other technology solutions which are identified in the call include: a downhole camera that can ‘see’ in any wellbore fluid environment, improved cased hole logging tools, a sand control solution which can be retrofitted and improved intervention planning tools.
Specific areas of interest highlighted for the subsea call incorporate:
·         Subsea power
·         Flow assurance
·         Subsea separation
·         Temperature management
·         Pipeline integrity management / cost reduction
·         Low cost intervention
·         Specific Australian regional challenges
Poxon added: “I would urge interested companies developing new subsea technologies to get in touch as our members are currently very interested in funding new projects in this field. We work right across the oil and gas spectrum from subsurface to production, drilling and wells and are constantly on the search for new technologies that address our members’ priorities. Our door is always open to novel ideas.”
By submitting their proposals to ITF technology developers have the opportunity for their ideas to be reviewed by major oil and gas players and could also secure funding to realise their novel technologies, whilst retaining full intellectual property rights.
The deadlines for the well intervention and subsea technologies proposals are October 13, 2011, and 4 November 2011 for proposals in response to the drilling call. Interested companies can find out more by calling the ITF office in Aberdeen on +44 (0)1224 222410 or visit www.oil-itf.com
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Lerwick Harbor sees Seasonal Boost

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects.

ExxonMobil 1Q Profits Plunge 63%

Highlights   * Earnings of $1.8 billion decreased 63 percent from the first quarter of 2015.   * Earnings per share were $0.43 assuming dilution.   * Cash

KICT Welcomes MSC MEL 1 Service First Call

MSC Lana Voy-JA618R made its inaugural call at Karachi International Container Terminal (KICT), marking the launch of a new Middle East Loop 1 (MEL 1) Service.

Offshore

Shipping Industry Flying On The Dragon’s Back

As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces

Salvage

Fishing Crew Missing off Wales

The U.K. Coastguard is searching for the crew of a sunken fishing vessel near St David’s Head, Pembrokeshire.   The Coastguard said it received a 999 call from

USCG Uses Skiff Ice Boat to Rescue Injured Man

The U.S. Coast Guard medically evacuated a man off of a dredging barge in Lake Erie near Sandusky, Ohio, Wednesday evening. At approximately 5:45 p.m., a good

Another Mission Needed to Recover El Faro’s VDR

The investigative team who located the El Faro’s voyage data recorder (VDR) has determined that another mission will be necessary in order to retrieve the device,

Marine Equipment

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

Mercury Marine Expands Manufacturing Capacity

Mercury Marine is adding a 53,000 square foot manufacturing capacity expansion to its global headquarters in Fond du Lac, Wisc. The expansion will consist of 45,

Conquest Installs 850t Crane on Allseas Solitaire

Conquest Offshore was contracted by Allseas to remove a 300-ton crane and transport and install a 850-ton Huisman crane on board of one of the largest pipe-lay vessels in the world, Allseas Solitaire.

Marine Science

ACR to Debut Pathfinder PRO SART at OTC

An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search

Ocean Economy Set to Double in Size by 2030

The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010.   "Calculations based on the

ICS Criticises 'Prestige’ Judgement by Spanish Court

At a meeting of the International Oil Pollution Compensation Funds (IOPCF) this week, the International Chamber of Shipping (ICS) has strongly criticised the judgement

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0848 sec (12 req/sec)