https://www.oilfieldtechnology.com/special-reports/20122016/rovco-awarded-innovate-uk-funding/ Embed article link: Remotely operated vehicle ( Rovco ) provider Rovco has won Innovate UK governmental funding to allow it to extensively test and develop underwater 3D modelling technology in a feasibility study. Should the study be successful, the real-time inspection system could transform energy companies’ management of their subsea assets, potentially leading to significant savings in inspection costs. Innovate UK will support 30% of the project, with 30% to be funded by ROV . Further equity investment will be sought in the second quarter of 2017 from subsea companies, universities and software developers for further expertise.
Remotely operated vehicle ( Rovco ) provider Rovco has won Innovate UK governmental funding to allow it to extensively test and develop underwater 3D modelling technology in a feasibility study. Should the study be successful, the real-time inspection system could transform energy companies’ management of their subsea assets, potentially leading to significant savings in inspection costs. Innovate UK will support 30% of the project, with 30% to be funded by ROV . Further equity investment will be sought in the second quarter of 2017 from subsea companies, universities and software developers for further expertise.