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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.

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

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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