Aberdeen-based Wood Group has signed a collaborative agreement with a Canadian video-streaming technology company to come up with new and more cost-effective solutions for operations, maintenance and inspection challenges in the oil and gas sector.
Under the partnership, Wood Group and Librestream Technologies will co-develop a number of discrete new technologies designed to significantly reduce the time for problem solving and associated implementation, thereby increasing productivity at remote sites both onshore and offshore.
Librestream – which is based in Winnipeg – will also combine its real-time virtual video collaboration digital application with Wood Group’s extensive ‘hands-on’ industry knowledge.
Steve Wayman, Wood Group Head of Strategy and Development, said: “Delivering improved efficiency, effectiveness and value in the technical solutions we deliver to our clients is at the heart of our innovation agenda.
“We believe that significant streamlining of many traditional duration-based activities through the application of smart technology such as this can be a game-changer for the industry.
“We have been working with Librestream for some time to test prototype digital devices in real-life operational situations and under this agreement we will leverage their existing pioneering technologies and explore new development opportunities.”
Kerry Thacher, Chief Executive, said: “Librestream has successfully provided video collaboration technology to a range of industries worldwide since 2007.
“The partnership with Wood Group brings technology and services together as a coherent solution, delivering significantly faster response times between remote sites.”