In the first part of this two-part article, Graham Gillies, Baker Hughes, examines how tier one suppliers have responded to the prolonged downturn in oil prices by embracing work methodologies designed to drive greater levels of standardisation and achieve supply chain efficiencies that would continue beyond any future price recovery.
The subsea robotics specialist is set to add to its ranks at its Middle East base due to a rise in demand for its services following a successful first year in the region.
Steve Gordon, Managing Director of Clarksons Research, said that offshore investment and activity levels are increasing in the region, with project Final Investment Decisions totalling US$23 billion reported in the year to date.
Safe and continual performance of lifting equipment crucially depends on minimising risk through improved resilience to failure
Recent reporting from the company's ongoing project in support of NPCC demonstrate a 60% reduction in overall cutting time utilising its ultra-high-pressure abrasive water jet internal cutting system.
Entries are open to all UK-registered companies within the oil and gas and renewables sectors.