McDermott, GE set up io Oil & Gas consultancy
McDermott International and GE Oil & Gas said they launched io oil & gas consulting, a new independent venture to transform front-end offshore field development.
Io consultancy aims to enable greater certainty for energy companies in the design and planning phase of offshore oil and gas field developments and to help guide clients through the challenging front-end arena, stands in McDermot’s statement.
While io is a venture of McDermott and GE Oil & Gas, its independent operating model will ensure it provides the impartial advice that energy companies are seeking, while benefiting from having access to specialist resources to assist in technical and commercial validation of its work. io offers energy companies more efficient, customized solutions at all project development stages – from portfolio evaluation, exploration and planning support, appraisal and feasibility, conceptual engineering, FEED and final investment decision support.
“The oil and gas industry is a vital component in the global energy mix, but increasing complexity of offshore field developments and the decline in oil price is challenging traditional ways of working,” said Dan Jackson, io’s chief executive officer.
Io is headquartered in London and will launch satellite offices in the US and Asia.
Press Release; Image: McDermott International