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Friday, January 26, 2018
A £2.5million centre of excellence for testing new subsea technologies is to be set up in Aberdeen by Balmoral Offshore Engineering; it will create a new open access hyperbaric pressure testing facility for the oil and gas supply chain, and specifically for the subsea sector. The centre will be available for large companies and small to medium-sized firms to use.
Jim Milne CBE, chairman and managing director of Balmoral Group, said:
“The establishment of Europe’s leading hyperbaric test centre in Aberdeen further strengthens the city’s position as a centre of excellence for the global subsea industry while also opening up opportunities to work with the renewables and defence sectors.”
The global market for subsea is worth around £50billion and is likely to grow to £140billion by 2035.