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

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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