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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.

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

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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