Objective Over 50% global oil and gas is produced by offshore assets beyond midpoint of their design lives. 50% all asset failures related to technical integrity are due to ageing (MARS). Ageing assets therefore represent major hazards for offshore oil and gas personnel, the environment and the society. Europe accounted for 28% reported major accident loss of containment from 1980 to 2006, with 11 fatalities, 183 injuries & >€170M economic loss (HSE). The recent crude oil price drop is forcing oil and gas operators to increasingly focus on extending lifespan of existing offshore assets (above design life), as oppose to asset replacement. Assuring assets integrity and safety of personnel, environment & society also remains a top priority. 2016 oil and gas industry report concluded that new asset inspection technologies could generate €1bn p.a. for the sector. We timely propose to finalize a unique and first commercial system (ASPIRE) which combines & automates: asset inspection; inspection data analyses; and maintenance scheduling. The system will inspect & report maintenance schedules for critical assets (e.g. well conductor) within 1 day at cost of €4K. Current industry standard and state-of-the-art methods are fragmented: inspection companies generate large amounts of data manually, which is time-consuming (e.g. 5 days for well conductor), extremely risky (access hazardous environments without prior sound knowledge of asset status) and expensive. Inspection data is then passed to data analyses firm for interpretation/reporting (+5 days), followed by maintenance planning (+5 days), costing >€20K for the whole process for a 100m/24 well conductor. ASPIRE combines these 3 Steps in 1. It reduces inspection and maintenance scheduling time (1 day vs 15 days/well conductor) and cost (€4K vs >€20K). ASPIRETM will generate €49.5M revenue & €24.7M gross profit for SME-led consortium within 5 years (2019-2023),i.e. 10:1 ROI for EC grant, creating 62 new consortium jobs in the process. Fields of science natural sciencescomputer and information sciencesdata sciencenatural sciencescomputer and information sciencessoftwarenatural sciencescomputer and information sciencesdatabasessocial sciencessociologygovernancetaxation Programme(s) H2020-EC - Horizon 2020 Framework Programme Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2. - PRIORITY 'Industrial leadership' Topic(s) FTIPilot-01-2016 - Fast Track to Innovation Pilot Call for proposal H2020-FTIPilot-2016 See other projects for this call Sub call H2020-FTIPilot-2016-1 Funding Scheme IA - Innovation action Coordinator INNOSPECTION GERMANY GMBH Net EU contribution € 588 463,75 Address Helmholtzstrasse 14 D-76297 Stutensee Germany See on map Region Baden-Württemberg Karlsruhe Karlsruhe, Landkreis Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 252 198,75 Participants (4) Sort alphabetically Sort by Net EU contribution Expand all Collapse all TWI LIMITED United Kingdom Net EU contribution € 576 356,25 Address Granta park great abington CB21 6AL Cambridge See on map Region East of England East Anglia Cambridgeshire CC Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00 TRANSPORT SYSTEMS CATAPULT LIMITED United Kingdom Net EU contribution € 447 181,25 Address 170 midsummer boulevard MK9 1BP Milton keynes See on map Region South East (England) Berkshire, Buckinghamshire and Oxfordshire Milton Keynes Activity type Research Organisations Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 0,00 ASSIST SOFTWARE SRL Romania Net EU contribution € 348 735,63 Address Strada tipografiei 1 720043 Suceava See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Macroregiunea Doi Nord-Est Suceava Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 149 458,12 IKNOWHOW SA Greece Net EU contribution € 281 618,75 Address Leoforos kifisias 340 154 51 Athina See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Αττική Aττική Βόρειος Τομέας Αθηνών Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Website Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 120 693,75
