London, October 13, 2017: Sheffield-based Servelec Controls, one of the largest suppliers of safety, protection and control systems, has won the prestigious Innovation and EIC Company of the Year Awards at the EIC National Awards Dinner held in London on 12 October.
The company scooped the prizes for its pioneering remote operation, maintenance and monitoring solution for offshore oil and gas platforms.
Its innovative solution converts mature manned and normally unmanned offshore platforms into unmanned remotely operated platforms, allowing onshore engineers to view and control the site in real-time through state of the art CCTV, use flame and gas detection systems to ensure the safety of the platform and even remotely restart the asset in the case of a shutdown.
Making offshore platforms remotely operated not only greatly increases safety by eliminating the use of helicopters, one of the industry's leading causes of death and injury, but significantly reduces operation and maintenance costs, extending an asset's life and pushing back decommissioning.
In one case Servelec Controls extended the forecasted end of life of an asset by 15 years, ensuring increased recovery, job security and energy supply to the UK. The same operator has reduced manned interventions by a minimum of 60% on the converted platforms leading to significant OPEX reductions and a return on investment inside two years.
Six other awards were also handed out during the evening, which included after dinner entertainment from TV personality and comedian Jimmy Carr.
Oil and gas services provider Petrofac landed the Collaboration Award. By combining two duty contracts it held with Eni and Faroe Petroleum separately, sharing the use of helicopters, vessels and accommodation, it enabled the operators to maximise economic recovery from assets in the Southern North Sea.
ALE was awarded the Diversification Award for its rapid expansion from oil and gas heavy lifting and transportation to also become a contractor for the global wind power sector offering a complete installation and maintenance package for operators.
The Export Award was won by Aberdeen-headquartered PJ Valves in recognition of its overseas growth and export strategy which has seen the company recently expand its operations into North America and Asia Pacific. Its international business has been so successful that today over 70% of its revenues come from exports, compared to 20% in 2011.
Booth Welsh's use of multidisciplinary engineering services, EPC capability and automation to improve its clients' operating efficiencies saw it receive the Optimisation Award.
Fluid control system experts IMI Precision Engineering took home the Technology Award for its Maxseal ICO4-PST valve, the first-ever smart solenoid valve with fully integrated partial stroke testing capability.
Partial stroke testing, where the safety of a shutdown valve is tested without shutting down the whole valve can sometimes lead to an unplanned full stroke or ‘spurious trip' of the shutdown system.
IMI's Maxseal ICO4-PST valve incorporates electrical components, algorithms and sensors, reducing the probability of spurious trips by 10 times compared to other available technologies. With a single spurious trip potentially costing operators over US$1m in lost production, the Maxseal IC04-PST is attracting considerable industry attention.
In addition to the company prizes, the EIC, in partnership with the Robert Gordon University, presented the EIC Rising Star MBA Award to Petrofac's Daniel Gear.
The award is designed to develop future leaders of the oil and gas industry by providing full tuition fees (worth £16,500) for the Robert Gordon University's MBA Oil and Gas Management course.
Commenting on the awards ceremony EIC CEO Stuart Broadley said, ‘The amount of high-quality submissions we received was extraordinary and leaves me feeling very positive about the future. The winning entries are indeed very special.
‘The award categories were designed to recognise the strategies that EIC member companies of all sizes and sectors are developing to grow and flourish at home and abroad.'
As well as celebrating the excellent work which the UK supply chain does day in day out, the EIC National Awards Dinner is one of the UK energy sector's premier networking events, bringing together over 400 leading industry figures.
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Notes to editors:
About the EIC
Established in 1943, the EIC is the leading trade association for companies working in the global energy industries. Our member companies, who supply goods and services across the oil and gas, power, nuclear and renewable sectors, have the experience and expertise that operators and contractors require.
As a not-for-profit organisation with offices in key international locations, the EIC's role is to help members maximise commercial opportunities worldwide.
We do this in a variety of ways from providing detailed project information and regional market insight; to showcasing specialist skills and connecting suppliers with buyers; through to running tailored training courses and events that inform and engage the industry.
The services we offer play an important part in supporting over 650 member companies to do business in a competitive marketplace.
To find out more about the EIC and see a full list of members, visit: www.the-eic.com
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