A report released today by the National Subsea Research Initiative (NSRI) offers a "deep-dive" into Scotland's marine energy sector, a subsea chief has said.
The North Sea oil and gas industry needs to work out how to tap marginal fields before decommissioning gets into full swing, two industry chiefs warned.
A drive towards exploiting the millions of barrels of oil in the North Sea's small oil pools could lead the UK's subsea sector to become world leaders in exploiting hard to recover oil supplies and sustain the industry for decades to come, according to a senior industry figure.
The head of the NSRI (National Subsea Research Initiative) has warned that more than a billion barrels of oil could remain locked in the North Sea unless a new approach is taken to develop small pools in the region.
NSRI (National Subsea Research Initiative) is leading computer industry-style hackathons that it hopes will lead to ideas that can help unlock up to 1.5 billion barrels of oil from the North Sea.
It’s been an extraordinary year for the National Subsea Research Initiative (NSRI) whose launch coincided with the global decline in oil price. Project director Gordon Drummond said while the situation added a whole “new dynamic” to what NSRI was trying to do, the body’s creation has been “hugely positive”. Speaking to Energy Voice Drummond said within the subsea sector there remained a lot of activity in the research and development phase of work.