i-Tech 7, Subsea 7’s life of field business unit, and Shell have entered into a collaborative technology agreement to accelerate subsea digitalization.
i-Tech 7 said on Tuesday that the contract was awarded by Shell International Exploration & Production for a period of five years from the fourth quarter of 2019.
The company added that the agreement would help fast-track innovation and streamline the adoption of applied technologies in areas such as marine robotics, advanced sensing, artificial intelligence, and autonomous systems to address the industry’s challenges to improve safety, cost-efficiency, and sustainability.
Steve Wisely, SVP of i-Tech 7, said: “Digitalisation is core to our strategy and we are continuing to expand our digital capability and offering, to strengthen our market position and deliver enhanced value to our customers.
“This partnership extends our on-going relationship with Shell for the provision of subsea life of field services.”
Christian George, Shell VP of wells, deepwater, and surface engineering technology, added: “Digitalisation will support Shell to become a world-class investment case by improving our productivity, reliability, and performance as well as reducing the costs of our assets.
“We are delighted to extend our strong operational partnership with Subsea 7’s Life of Field business unit into the area of technology development.
“Their mix of technology development and operational expertise across the life cycle of deepwater assets will help us accelerate the deployment of these transformational technologies.”
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