Offshore helicopter firm Bristow Group has invested $4.2 million in Sky-Futures, a provider of drone inspection data services for the oil and gas industry.
This investment gives Bristow immediate entry to the fast-growing UAV services business and bolsters Bristow’s offerings to include drone inspection services, the company said in a statement.
The investment, which also includes an exclusive partnership agreement, gives Bristow access to Sky-Futures UAV or drone inspection operational expertise, data capturing and analysis technology, and training capabilities. Bristow will have one representative on Sky-Futures’ board.
“In this new market reality where continued cost pressures compel companies to find new solutions, our investment in Sky-Futures puts Bristow at the forefront of offering innovative solutions that help our mutual clients achieve further efficiencies in their operations,” said Bristow Group President and CEO Jonathan Baliff.
James Harrison, Sky-Futures CEO and co-founder said, “This partnership between Bristow and Sky-Futures enables us to rapidly expand the operational delivery of drone based inspection services in the global oil and gas market. We’re really excited because it allows us to enhance our advanced technology platform that powers industrial data capture and analysis, providing our clients with increasingly valuable and actionable information.”
Formed in 2009 with offices in Houston, London, Kuala Lumpur, Abu Dhabi and Aberdeen, Sky-Futures currently operates in 16 countries and works with more than 30 major oil and gas companies around the world, many of which are Bristow’s global clients. In January 2016, Sky-Futures completed its first drone inspection in the Gulf of Mexico.