DNV GL has set up a joint industry project (JIP) in a bid to develop practical methods to minimise the risks and lifetime cost of steel wire ropes for subsea lifting applications.

According to the Norway-based ship and offshore classification society, 14 diverse industry players, especially oil and gas operators, have already signed up for the project.

DNV GL oil and gas CEO Elisabeth Tørstad said: "Over half of the industry executives we interviewed for our industry outlook report ‘Challenging Climates’ said they expect subsea technologies to absorb the strongest investment this year, to support exploration into new or challenging environments."

"Issues pertaining to system integration, monitoring, condition assessment, inspection, maintenance, lubrication and production will be included in project."

According to DNV-OS-E407, the new integrity management methods of steel wire ropes are said to form the basis for documentation of the safety of integrated systems.

Issues pertaining to system integration, monitoring, condition assessment, inspection, maintenance, lubrication and production will be included in project.

DNV GL has collaborated with the industry to establish the project in order to develop a recommended practice (RP) for integrity management of steel wire ropes, which are used for subsea lifting applications.

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When going into deeper and ultra-deepwater, and lifting larger and heavier equipment, high safety levels are required, according to DNV.

Energy