Industry heavweights Melfort Campbell and Martin Jones have been appointed to strengthen the board of the National Subsea Research Initiative (NSRI).
They will help the Aberdeenshire-based NSRI deliver its aim of bringing new technology to market that will reduce costs and deliver efficiencies and help the UK subsea sector maintain its world-leading position.
The NSRI is the focal point for research and development in the UK’s subsea sector, which is worth £9 billion to the economy.
Gordon Drummond, NSRI project director said: “The NSRI meets the genuine need for meaningful engagement between industry, government and academia and it is crucial that our team has experience in developing technology and an understanding of the intricacies involved in funding such work.
“Melfort and Martin bring further expertise to a board which already represents some of the best and most experienced minds in the subsea industry.”
Campbell said: “Developing the next wave of new science and technology to increase subsea oil and gas production is key to the sustainability of the global oil and gas industry and to keeping the UK at the forefront of subsea.
“But at sub $50-barrel oil, it is now absolutely critical. We must find better, safer and more economically viable means of extracting reserves from increasingly complex, remote and hostile fields.”
Melfort Campbell is Chairman of the Oil and Gas Expert Commission, set up by the Scottish Government and co-chair of Innovation Scotland Forum. His original venture – Water Weights, was established in 1985, and now forms part of Imes Group, employing over 240 staff with an annual turnover of £17 million.
Martin Jones is chief executive of Magma Global Ltd, which he founded in 2010 to manufacture high quality carbon fibre pipe for subsea exploration and production.
He said: “There has never been a more important time for the UK oil and gas industry to look at new technologies to reduce extraction costs and improve efficiency in a safe and sustainable way.”