Australia-based Matrix Composites & Engineering has signed a licensing agreement with AMOG for commercialisation of the longitudinally grooved suppression (LGS) system.
LGS cuts loads and service-life fatigue risks for offshore submerged structures. It can be used in various marine applications, including drilling risers, production risers, pipelines, flowlines, and pylon and jacket structures.
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The five-year agreement can also be extended for another five years.
The patent-protected technology of LGS reduces drag and vortex induced vibration (VIV) on tubular structures when exposed to ocean currents. This will enable floating drill rigs and platforms to continue operations under high ocean current conditions.
Matrix chief executive officer Aaron Begley said: "Extensive testing has shown that the drag reduction properties of LGS means floating drilling rigs will be able to continue operating in high current conditions and do so safely.
"Offshore operators in high current conditions, such as in the Gulf of Mexico, are required to suspend drilling operations due to high currents, which adds substantial costs to operations."
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By GlobalDataLater on, the company engaged Oceanic Consulting to conduct large-scale tests of the system at Canada’s National Resource Council in St Johns, Newfoundland.
LGS delivers an increase in rig capability and has been designed to reduce VIV and drag to allow rigs to keep drilling when they would normally have to stop.
