Oil and gas technology development company Deep Casing Tools has secured investment of £1.6 million from Scottish Enterprise and its long-term backer, EV Private Equity.
The patent secures key elements of Automated Well Control technology, including a wide range of modules using the same technology.
Through this transaction, Boskalis will obtain two diving support vessels, of which one is fully owned (Rever Polaris) and a second chartered (Rever Topaz).
The company received the ‘Most Impactful Technology’ award, in recognition of FLI’s contribution to the offshore well intervention industry.
The expansion will allow OTS UK to provide wastewater treatment, drill cuttings handling, high-pressure well service pumps, cleaning services, swarf handling, pump transfer systems and more.
EM&I have received approval from DNV GL in Aberdeen, UK, for their DNV GL-CP-0484 Approval of Service Suppliers Process for ‘A03 In Water Surveys (ROV)’ and ‘A16 Remote Inspection Techniques (Camera)’.
The inspection was carried out in UK waters, 250 km east of Scotland, using an ROV and the company's remote operations centre in Aberdeen.
The latest phase of investment will focus on significantly expanding the company’s rental fleet of offshore safety equipment, which includes its fire and rescue apparatus.
Upstream and midstream activity for the company was down by 5% in 1H20, compared to a 4% increase in renewables activity during the same period.