Oil technology company ITF has called on technology developers around the world to come forward with solutions to the challenges associated with subsea intervention.
ITF said it wants proposals that can match any of the following requirements: subsea power, autonomous underwater vehicles mission, cost-effective light well intervention, downhole diagnostic tools, high pressure / high temperature technology and better artificial lift.
The solutions are necessary for reliable subsea high voltage equipment that does not require a power connection to the surface, and to match AUV technology to subsea technology applications.
ITF MD Neil Poxon said that subsea intervention, whether for construction, maintenance or production enhancement, is now the only viable option for many field developments.
"Improving and extending the efficiency and capability of intervention plays a significant part in the life-cycle cost of subsea production," Poxon said.
ITF has set a March deadline for the submission of proposals for research, development and field trials for organisations seeking sponsorship for innovations.