Rovco Secures Sustainable Ventures Investment

UK subsea company Rovco has secured a six-figure investment from London-based Sustainable Ventures to help fast-track its growth plans.

The investment will support Rovco as it enhances its range of subsea AI and 3D services, the company said.

Through its Accelerator programme, Sustainable Ventures will also assist Rovco in building a team of industry focused non-executive directors and advisors, while supporting on additional raises of up to £3m over the next two years.

Brian Allen, CEO of Rovco said: “This initial investment, coupled with better access to further capital, will enable us to expand our state of the art services and meet the needs and demands of the industries in which we operate.

“Partnering with an investment group whose goals are closely aligned with our own, will allow us to take bold steps towards adding to and developing our 3D and AI offerings which will deliver considerable savings to our clients in terms of both project time and money.

Andrew Wordsworth, managing director of Sustainable Ventures added: “With a strong management team and significant growth potential, Rovco is in a strong position to make the most of the current market conditions and play a crucial and defining role in the emerging renewable and decommissioning sectors.”

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on; +44 (0) 203 793 8800.

More info

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