Operators participate in Australian subsea equipment reliability study
Oil and gas services company Wood Group is leading a subsea equipment research program offshore Australia in collaboration with Chevron Corp., Royal Dutch Shell PLC, and Woodside Petroleum Ltd.
The National Energy Resources Australia (NERA) will provide $115,000 in financing for the project, entitled Transforming Australia Subsea Equipment Reliability (TASER).
TASER follows the Subsea Equipment Australian Reliability joint industry project, also led by Wood. TASER’s goals are to improve subsea equipment design. Marine fouling offshore northern Australia affects subsea equipment performance.
Robin Watson, Wood’s chief executive, said the research could help operators save costs by maximizing equipment reliability and reducing production downtime.