Subsea firm Rovco has announced that it has managed to secure Innovate UK funding to develop a 3D visualisation project as part of a potential £1million AI demonstrator venture.
The funding will allow Rovco, which is working in partnership with Offshore Renewable Energy (ORE) Catapult, to yield live data from extreme subsea environments.
The derived data will then be used to construct 3D vision-based survey solutions using Artificial Intelligence (AI).
Rovco believes this technology could reduce offshore inspection costs by up to 80%.
The first phase of the project will be 70% supported by Innovate UK, and the remaining 30% will be funded by Rovco.
Innovate UK is also expected to back phase two once technical feasibility is confirmed.
As part of the partnership ORE Catapult will provide access to its wind, wave and tidal marine energy testing facilities.
Brian Allen, Rovco chief executive and founder, said: “We aim to deliver a step change in how offshore surveys are performed by generating live 3D data from survey-class ROVs to increase efficiencies, reduce costs and minimise risks.
“Compared to traditional visual survey methods, 3D delivers precise measurements and reliable metrics for asset condition monitoring. Combining this with the use of AI to better analyse and understand subsea data, enhances asset integrity decisions and reduces the manpower required, while also speeding up project turnaround times.
“We are looking forward to working alongside the Offshore Renewable Energy Catapult to develop a system that could lower subsea inspection and decommissioning costs by 80%.”