NERA funding for subsea equipment reliability project

Robin Watson, Wood’s chief executive comments: “We are delighted to receive funding from NERA for this project which will assist operators, service companies and others in the oil and gas industry in Australia to avoid costly offshore repair campaigns. The project will enable a better understanding of subsea equipment failures and intervention requirements and has the potential to offer significant cost savings to operators by maximising equipment reliability, availability and therefore production uptime.” NERA chief executive Miranda Taylor said the project was an excellent example of the power of collaboration, innovation and technology to transform the international competitiveness of the Australian energy resources sector.

“Digital technologies and ‘living laboratories’ allow faster, safer adaption, testing and application of the technologies needed to optimize performance of the oil and gas industry’s subsea equipment. “NERA is supporting the TASER project as it will bring operators and vendors together to share, collaborate and address industry challenges in real life conditions,”
Ms Taylor said. Multiple vendors are loaning equipment to be tested underwater over a three-year period. Results will be validated by University of Western Australia researchers. Source / Further information : Wood oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>

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