An initiative set up to return those who have previously been made redundant back into the oil and gas sector as entrepreneurs yesterday announced six new businesses.
Helped by Elevator and Scottish Enterprise, 20 former oil and gas professional will launch their new technologies into the energy marketplace.
Grey Matters said it “aims to drive the future of energy in Scotland, by bringing together entrepreneurial and experienced oil and gas executives” while supporting each “scalable business”.
Through involvement with Grey Matters, a collaboration with Scottish Enterprise set up to utilise the knowledge of oil and gas professionals who are facing or have taken redundancy, aims to provide innovative solutions to the offshore sector.
Windstorm, a new business founded by John Mailey, will attempt to create a 20 megawatt turbine at a third of the height of those installed by Vattenfall at Aberdeen Offshore Wind Farm, seven of which would be capable of supplying Aberdeen’s full energy requirement.
Mr Maily said that he hopes to have a prototype ready to test by early 2019, and a “proven commercial operation” by 2020.
New business C-NumeriC said it aims to dramatically change the over 40-year old conventional approach taken to section milling when plugging and abandoning (P&A) subsea wells.
The current, labour-intensive, procedure fails on four out of every seven operations and about 75% of service quality issues are due to human error. C-NumeriC propose a fully automated section milling system that can provide real-time information and save up to £500,000 on each P&A well.
Gbade Adetona, founder of C-NumeriC and formerly of Schlumberger, said: “Our technology isn’t about reinventing the wheel. It’s about making it drive better. UK P&A operations cost savings are expected to be worth £950m over seven years by applying our solution. We’ll be aiming for a 100% success rate on all projects at the first attempt.”