Peterhead engineering firm Score Group is to take an innovative valve leak-detection device to the oil and gas industry after £18.5million of funding from Lloyds Banking Group.
The Midas Meter is said to be able to detect if valves controlling flow rates are beginning to fail when only microscopic volume is leaking. It is also non-intrusive, meaning valves can be checked without having to remove sections of pipe.”
Score chairman Charles Ritchie said: “This is Scotland leading the way once again in terms of innovation and engineering.”