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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.

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

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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