In this Feasibility Study, we have analyzed the implementation of PetroRov. We have carried out research and analyses concerning various fields: Technical, Commercial and Financial Feasibility.
Technical objectives achieved: analysis of the different elements that each application of PetroRov will require; analysis of the latest technical advancements and plan for integration, testing and validation of PetroRov with the definition of the Work Plan (tasks, timing and resources) to be followed for the required future improvements; Lifecycle Assessment Plan.
Commercial objectives: analysis of our market (Soil Testing Equipment), our positioning in it and competitors. Definition of our customers and end-users, our current position and the strategy to reach them. Update of our FTO analysis and definition our IPR strategy; analysis of the regulations that PetroRov will have to comply with to achieve the CE mark.
With all these tasks in combination with a deep financial projection analysis, we have established a clear business plan to be followed to reach the market in the next 24months.