AIP Helps Industry Break Technology Barriers

Investing in R&D is essential for the offshore industry because technology is the enabler that changes the face of operations and moves the industry into frontier areas. With the offshore industry constantly innovating and developing new technologies that will allow E&P activities to move into previously uncharted territory, it is important for new concepts to be evaluated and validated. It is also critically important to evaluate principal safety considerations and potential hazards when new concepts are introduced.

The process of approval in principle (AIP) enables companies introducing new technologies or concepts to produce a document issued by an unbiased entity such as ABS attesting to the acceptability of the concept at that stage of development as an innovation solution.

Read more about the process in Offshore Magazines March 2013 edition.

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Offshore Magazine, March 2013