OREANDA-NEWS. Wood  Group is calling for expressions of interest from technology vendors to support  a joint industry project (JIP) which aims to reduce subsea equipment failures  in Australia and provide a recommended practice for the subsea industry.

The Subsea Equipment Australian Reliability (SEAR)  JIP is a partnership supported by six operators and led by Wood Group Kenny. The  focus is on collaboration and knowledge sharing in order to improve subsea  equipment design for Australia’s challenging offshore warm water environment  and to avoid costly interventions.

Bob  MacDonald, CEO of Wood Group Kenny, said: “The SEAR JIP has already underlined  how significant the issue of subsea failures is; with five fields in Australia  having more than 100 failures over a six year operating period. The associated  cost of the intervention campaigns only was around AUD150 million. Reducing  costly failures is even more important in the current low oil price  environment.

“There  are a number of areas where improved collaboration can realise tangible  benefits for oil and gas operations. We are now asking vendors to come forward  with technology solutions to help address the specific challenges faced in  Australian waters. Of particular interest are novel coating technologies and  materials which will improve the ease of equipment change out and intervention  campaigns.”

Wood Group is an international energy services  company with around $6bn sales and operating in more than 50 countries. The  Group is built on Core Values and has three businesses – Wood Group PSN, Wood  Group Kenny and Wood Group Mustang – providing a range of engineering,  production support and maintenance management services to the oil & gas,  and power generation industries worldwide. 

Wood Group Kenny solves complex technological challenges across the energy and industrial  sectors. We provide solution independent project delivery, engineering and  consulting services throughout the asset life cycle. This breadth of services,  coupled with over 35 years’ industry experience, enables us to offer fit for  purpose solutions for both the routine and highly complex challenges faced by  our customers.