DNV opens deepwater centre in Singapore

QUALITY assurer DNV has opened a deepwater technology centre in Singapore, with the aim of providing a sizeable and complete competence centre for deepwater oil and gas developments in the region.
DNV opens deepwater centre in Singapore DNV opens deepwater centre in Singapore DNV opens deepwater centre in Singapore DNV opens deepwater centre in Singapore DNV opens deepwater centre in Singapore

The centre would provide qualification for equipment used in the deepwater sector in the Asia-Pacific region.

DNV said its qualification would offer operators evidence the technology would function within operator-specified limits, rather than just providing regulatory technical compliance certification.

The centre will focus on three key areas - subsea, floating systems and well drilling - with the aim of employing 55 people at the centre within five years.

The company is hoping to cash in on an expected rush of work from the region, with deepwater capital expenditure forecast to increase by more than 200% to $US21 billion ($A20.37 billion) within the next five years.

DNV said given the size and diversity of the Asia-Pacific, the region was facing vast challenges as each country represented different maturity levels in exploration and production activities.

The role of new technology, such as subsea processing and hardware, is also expected to add to the uncertainties that need to be addressed during the conceptual phase of projects.

According to DNV, availability of qualified human resources, increased local content versus installed capacity, new entrants, stricter operational safety requirements, new regulatory frameworks and societal pressure all add complexity to the traditional technical challenges.

DNV also has deepwater technology centres in Houston, Oslo and Rio de Janeiro.

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