OneSubsea said it plans to invest £1.8million in a new research and development project to help grow its global presence, creating five new jobs and safeguarding a further 35 positions.
The project is the first collaboration between the former Cameron and Schlumberger divisions which merged almost three years ago to form the current company.
It will see the development of the company’s Standardised Modular Injection System (SMIS) and is being supported by a £434,127 research and development grant from Scottish Enterprise.
The work will be delivered from OneSubsea’s Aberdeen site.
General Manager of OneSubsea, Daniele Petrone, said:“We are delighted to announce, in conjunction with Scottish Enterprise grant assisted funding, OneSubsea are progressing with the design, development, prototype and testing of a Standardised Modular Injection System (SMIS) using a novel electrically driven topside deployment system and non-collapsible composite tubing for the subsea intervention market.
“It is anticipated that this will open new markets within some of the most challenging Oil & Gas environments, create some five new jobs and secure employment for a further 35. We further hope to release our new offering to the industry during quarter 4, 2017.”
Scottish Energy Minister Fergus Ewing said the project was evidence of the North Sea oil and gas industry’s strong future.
He said:“While it is clear the oil and gas sector faces ongoing challenges from a low global oil price, this investment continues to underline the many opportunities that remain in Scotland’s world-class supply chain.
“The oil and gas industry leadership group, of which I am co-chair, has published a refreshed oil and gas strategy offering a shared path for industry, governments and the Oil and Gas Authority to follow in working together to support the industry and its world-class supply chain.”
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