With Scottish Enterprise providing £15.9 million to 82 companies to deliver 111 innovation projects with a combined value of £43m, innovation spending in the sector has almost trebled.
Companies have used the support for a range of innovation projects, such as TÜV SÜD Limited (NEL) which is delivering a new £16 million Centre of Excellence for subsea development in East Kilbride. In addition, Aberdeen-based Enpro Subsea is spending £1.5 million to design, develop and test new technology to enhance its range of products, while ZiLift Ltd has brought its £1.1 million innovation project forward by two years thanks to the support it received from Scottish Enterprise.
Welcoming the new figures during a speech at the Oil & Gas UK Conference in Aberdeen, First Minister Nicola Sturgeon said the investment shows Scotland is "continuing to lead the way in making oil and gas one of this country's great success stories".
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"Innovation is absolutely crucial to the sector for maximising economic recovery, reducing costs without compromising safety, and for enabling our supply chain to continue to win new business overseas," she said.
"Ultimately, it is key to ensuring the sustainability of the North Sea oil and gas industry for the future.
"The leaders of innovation will always be oil and gas companies themselves, however there is an important role for government, working in partnership with business.
"That's why the Scottish Government has already committed £10 million to support higher levels of innovation activity within the industry to ensure its international competitiveness, alongside an additional £90 million over the next ten years to develop our oil and gas technology centre and a recently-announced £5 million Decommissioning Challenge Fund.
"These measures, alongside continued support from this government, will ensure that the industry will continue to deliver benefits for decades to come."
Scottish Enterprise director of energy, Maggie McGinlay, added: "Through the Energy Jobs Taskforce, we committed last February to support the supply chain to invest in higher levels of innovation and that's exactly what we've done. These are innovation projects that are happening in Scotland that simply would not have taken place if we didn't support them.
"For decades, Scotland has excelled in oil and gas innovation which has been recognised right across the globe. Working closely with our partners, such as the Oil and Gas Innovation Centre and the Oil and Gas Technology Centre, we will continue to encourage and support Scotland's supply chain to deliver forward thinking, ambitious innovation projects."
(LM/MH)
