Friday, August 05, 2011
Velocious
Velocious has secured a contract to deliver intricate tooling components and associated services for use in subsea work on the Chevron-operated Gorgon Project off the north-west coast of Australia.
Velocious is currently designing and fabricating Buckle Initiation components and tooling which will become an integral part of the Project's offshore operations and subsea pipeline buckle mitigation methodology. Velocious is also providing other hardware and onshore services for Gorgon.
The work is split between delivering directly to the Gorgon Project and to contractor DOF Subsea which has subcontracted considerable scope to Velocious.
The Gorgon Project is operated by an Australian subsidiary of Chevron and is a joint venture of the Australian subsidiaries of Chevron (approximately 47 percent), ExxonMobil (25 percent) and Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (one percent) and Chubu Electric Power (0.417 percent).
It is one of the world's largest natural gas projects and the largest single resource natural gas project in Australia's history, containing resources of about 40 trillion cubic feet of gas.
Velocious CEO Brett Silich said the contract represented a major breakthrough for Velocious, which specializes in providing innovative subsea engineering products and services.
"Our appointment reflects an ongoing commitment to product development and innovation to meet the subsea engineering requirements of major international clients," Mr. Silich said.
"Chevron has presented our business with an opportunity to play a role in its flagship Asia Pacific project. The agreement forms the next stage of a professional relationship, but the onus is now on us to continue to offer innovative, high quality solutions as the Gorgon Project progresses."
"Chevron was prepared to give our local content services a genuine chance and the results have been great for both parties," Mr. Silich said.
"We worked closely with them on some challenging development work for the Gorgon Project subsea pipelines and, within that successful process, they identified us as worthy of showcasing to the wider oil and gas community.
"The whole experience has been an integral part of our development and we remain extremely grateful for the opportunity presented to us."
Velocious continues to step out from the crowd and apply the latest and greatest technology to overhaul traditional ways to solve subsea problems. The company has taken on some incredibly complex subsea challenges against tight deadlines and the results have been spectacular.
The company strives to convince clients that departure from the many established and often dated subsea industry norms can bring rich rewards.
In response to internal and client demand for appropriately skilled people, Velocious has also established a dedicated personnel wing and using its most experienced oil and gas specialists to train and develop local employees from scratch.
"We are living proof that with the right people and motivation to succeed local content can compete with the best and win," Personnel Recruitment Director Rob Gallacher said.
"Aggressive major project schedules mean local companies must rapidly develop skills and capability to ensure current capability isn't considered a long-term issue that can only be solved by using non Australian options."
Velocious has already established a WA graduate assistance program and expects the first related thesis outputs targeting remotely dredging subsea sediments and closed loop torque verification and control to be completed in the very near future.
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