Subsea Valley News

For Marine Technology Reporter's (MTR) 14th Annual "MTR100" - a look at 100 innovators and technologies in the subsea space - MTR editor-at-large Elaine Maslin reports on five companies and technologies that are worth the watch for the remainder of 2019 and beyond. For the full edition, see https://magazines.marinelink.com/nwm/MarineTechnology/201907/Blue Logic: Entering a new eraCompletely new modes of operation are entering the underwater domain for oil and gas operations and…

Customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. A cross-industry project led by DNV GL to halt the boom in subsea documentation shows that implementing a standardized approach can significantly reduce engineering hours. The two-year collaboration led by DNV GL has concluded in a publicly available Recommended Practice which can reduce the amount of subsea documentation and enable documentation reuse in a typical subsea field development project. DNVGL-RP-O101 ‘Technical documentation for subsea projects’ details a required minimum set of documentation transferred between E&P companies, operators and contractors for the construction, procurement and operation of a field.

The company says it has installed 330 employees in a new building which will be the main headquarters for the Group's Oil & Gas business area in addition to accommodating some of the Group's defence activities. According to the cluster organisation 'Subsea Valley', the area between Fornebu and Drammen currently includes some 200 enterprises that represent nearly 57 000 workplaces and roughly NOK 111 billion in sales. The cluster organisation estimates that it has a market share in excess of 70 per cent of the global market for subsea technology.