Commercial

Offshore Technology Conference 2019

Last week, we attended Offshore Technology Conference (OTC) 2019 in Houston, TX. With over 60,000 attendees and 2,000 exhibiting companies, OTC is the world’s foremost event for the development of offshore resources. The 2019 conference was extra special because it was the 50th anniversary of OTC. This massive international event covers oil and gas industries and is expanding to include marine renewable energy industries.

Underwater surveys for both base-line and post-construction surveys are an important part of offshore energy operations. Unmanned Underwater Vehicles (UUVs), like the Iver, are well equipped to complete UXO, bathymetric, pipeline and transmission line surveys. Compared to the more traditional survey methods of autonomous/manned surface vessels and remotely operated vehicles, UUVs are able to significantly reduce operational costs, reduce risk and improve survey results. 

Offshore wind energy farms are growing globally at a record pace. The US Bureau of Offshore Energy Management (BOEM) granted $450 million in offshore wind farm lease opportunities in 2018 alone and more are planned for 2019 and beyond.  It is estimated that by 2030 global wind energy will have grown to over 150GW of installed capacity representing an economy of over $230-billion.  UUVs are well suited to scale with this massive growth providing unprecedented operational savings and results for the worlds renewable energy providers.

We look forward to participating in OTC 2020!

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