Oil and gas firm OneSubsea is to invest £1.8 million in a new research and development (R&D) project to help grow its global presence in a move which will create five new jobs and safeguard a further 35.
It is the first collaboration project between the former Cameron and Schlumberger divisions, which merged during July 2013 to form OneSubsea. The project will be delivered from their Aberdeen site.
Daniele Petrone, General Manager of OneSubsea, said: “We are delighted to announce, in conjunction with Scottish Enterprise grant assisted funding, that OneSubsea is progressing with the design, development, prototype and testing of a Standardised Modular Injection System (SMIS) using a novel electrically driven topside deployment system and non-collapsible composite tubing for the subsea intervention market.
“It is anticipated that this will open new markets within some of the most challenging oil and gas environments, create some five new jobs and secure employment for a further 35. We further hope to launch our new offering to the industry by the end of 2017.”
Speaking after a visit to Aberdeen as part of regular meetings with the industry, Scottish Energy Minister Fergus Ewing said:
“While it is clear the oil and gas sector faces ongoing challenges from a low global oil price, this investment continues to underline the many opportunities that remain in Scotland’s world-class supply chain.
“The oil and gas industry leadership group, of which I am co-chair, has published a refreshed oil and gas strategy offering a shared path for industry, governments and the Oil and Gas Authority to follow in working together to support the industry and its world-class supply chain.
“With 22 billion barrels of oil and gas remaining, the sector can still have a strong future, and I am pleased to welcome this investment.”
A spokesman for Scottish Enterprise added: “Innovation is fundamentally important to growing Scotland’s competitive advantage and with it, new opportunities at home and overseas can be realised.
“That’s why we want to support more oil and gas companies to invest in innovation in companies like OneSubsea, with strong growth ambition and international opportunity.”