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STREAM SIGNED

STREAM - Sonar Technology for Remote Environmental Monitoring

Total Cost €

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EC-Contrib. €

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Partnership

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 STREAM project word cloud

Explore the words cloud of the STREAM project. It provides you a very rough idea of what is the project "STREAM" about.

infrastructure    technologies    bp    annual    legislation    risks    detected    subtle    sea    stricter    continuous    alone    marine    offshore    gas    track    winning    statoil    opportunity    deepwater    technically    2015    provider    ec    roi    service    running    detection    optimising    31    reported    releases    post    lost    validate    jobs    majority    aquaculture    representing    significantly    million    generate    detect    net    impacts    positives    14    tier    safety    speed    helping    producers    negotiations    innovative    seawater    stream    subsea7    proven    market    performance    undetected    award       leaking    ecosystems    collaborative    sonarbell    reduce    drilling    sound    oil    profits    revenues    monitoring    industry    crucially    false    north    282    trl6    salt    leak    commercialising    successfully    contaminants    record    lack    suffer    prove    global    601    fisheries    trials    investment    led    environmental    uses    risk    meet    commercial    shown    economic    leaks    catastrophic   

Project "STREAM" data sheet

The following table provides information about the project.

Coordinator
SUBSEA ASSET LOCATION TECHNOLOGIES LIMITED 

Organization address
address: PORTLAND MARINA 19
city: PORTLAND
postcode: DT5 1DX
website: www.cesalt.co.uk

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.2.5. (Cross-cutting marine and maritime research)
2. H2020-EU.3.2.3. (Unlocking the potential of aquatic living resources)
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2017
 Duration (year-month-day) from 2017-08-01   to  2018-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SUBSEA ASSET LOCATION TECHNOLOGIES LIMITED UK (PORTLAND) coordinator 50˙000.00

Map

 Project objective

Oil and gas is continuously leaking from offshore deepwater infrastructure. Up to 1 million tonnes of oil are lost from deepwater drilling leaks each year, with 601 oil and gas releases reported in the North Sea in 2015 alone, up 14.5% on the previous years. Current leak detection technologies suffer from high false positives, high cost, lack of continuous monitoring and safety risks, meaning the majority of leaks are not detected by equipment. To address this major environmental and economic problem, we have developed STREAM, a unique technology which uses subtle changes in the speed of sound to detect contaminants in seawater. We have recently completed a funded project to technically prove our concept at TRL6. SALT has a proven track record of successfully commercialising highly innovative technologies such as our award-winning SonarBell. We have also successfully led two European collaborative projects to exploit the SonarBell in different applications. Currently, we are in advanced discussions with Statoil and BP who have shown great interest in the STREAM technology. Crucially, we are in negotiations with Subsea7, a global tier 1 service provider, to include STREAM in their service offering.

We now need to validate the market opportunity and reduce commercial risk by running large scale trials and optimising our product performance. 5 years post-project, we will generate annual revenues of €31.8 million, €4.7 million in net profits, 282 jobs, representing an 8 x ROI to EC investment. STREAM will significantly reduce the catastrophic impacts of undetected oil and gas leaks on marine ecosystems, fisheries and aquaculture by helping producers effectively detect leaks and meet stricter industry legislation.

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The information about "STREAM" are provided by the European Opendata Portal: CORDIS opendata.

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