A Subsea UK ‘Dragon’s Den’ business opportunity presentation is being held today to enable oil and gas supply chain companies with innovative cost-cutting technologies and processes to pitch their ideas to potential buyers.
Playing the part of North Sea ‘Dragons’ will be a panel of operators and Tier 1 contractors, including Apache, Bibby Offshore, Chevron, Nexen and Technip.
In partnership with the National Subsea Research Initiative (NSRI), the initiative encourages companies to step up to the plate and present their processes and systems which have the potential to reduce operational costs and boost efficiencies.
Taking part in pitches to the ‘Dragons’ in Aberdeen are representatives from AISUS Offshore, Caley Ocean Systems, SECC Oil & Gas, J2 Subsea, Systems Engineering & Assessment, Aquatec Group, Tracero and SETS.
A representative from each company will deliver a short presentation, showcasing their technologies which could help lower operational costs, improve integrity management, extend field life, reduce risks and maximise data collection.
Richard Knox, managing director of EC-OG, who took part in a similar event last year, said: “As a speaker, I was allocated seven minutes to present our the subsea power hub that we are currently developing. It was a unique opportunity to come face-to-face with key decision makers in the industry who understand the value of the technologies that were presented to them.
“It was also a great platform to network with other innovative people who were producing useful technologies and explore potential collaboration opportunities.”
Subsea UK has 300 members and is a self-sustaining body that promotes the country’s subsea supply chain.