i-Tech 7, Subsea 7’s Life of Field business unit, and Shell International Exploration & Production, Inc, joined forces to develop a collaborative technology agreement to accelerate subsea digitalization, initially for a period of five years, beginning from the fourth quarter of 2019.
i-Tech 7 stated that the agreement will boost fast-track innovation and streamline the adoption of applied technologies in smart areas, including marine robotics, advanced sensing, artificial intelligence, and autonomous systems to address the industry’s challenges to improve safety, cost-efficiency, and sustainability.
In light of the partnership, Steve Wisely, SVP of i-Tech 7 stated that
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.
In the meantime, Christian George, Shell VP of wells, deepwater, and surface engineering technology commented that digitalization will help the oil major to become a world-class investment case.
Following the path towards digitalization, Shell amongst other companies will collaborate with startups from eight different countries, on 13 separate projects with the aim of “accelerating innovation that delivers genuine business results.”
