Wood Group has struck a collaborative agreement with Librestream Technologies to work in an exclusive industry partnership.
The companies will provide advanced business solutions for operations, maintenance and integrity challenges in the oil and gas sector.
In a statement, Wood Group said the solutions would combine its in-depth, hands-on industry with Librestream’s real time virtual video collaboration digital application.
Wood Group and Librestream will also co-develop a number of discrete new technologies designed to significantly reduce the time for problem solving and associate implementation.
Steve Wayman, head of strategy and development at Wood Group, said: “Delivering improved efficiency, effectiveness and value in the technical solutions we deliver to our clients, is at the heart of our innovation agenda. We believe that significant streamlining of many traditional duration-based activities through the application of smart technology such as this can be a game-changer for the industry.
“We have been working with Librestream for some time to test prototype digital devices in real-life operational situations and under this agreement we will leverage their existing pioneering technologies and explore new development opportunities that will grow our combined offering; further enabling Wood Group to solve life cycle cost challenges faster and with greater certainty.
“We are excited by this collaboration, which exploits great synergies between our two companies and will continue to position Wood Group as an innovative leader across the markets in which we operate.”
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