ST. JOHN'S, NL, July 16, 2012 /CNW/ - Funding announced today by the
Research & Development Corporation (RDC) is supporting the development
of an innovative 3-D simulation software product that will enhance
offshore oil and gas installation design and operations.
Mount Pearl-based GRI Simulations Inc. is receiving $250,000 from RDC's
Proof of Concept program to assist with simulating oil field design as
well as underwater oil spill and pipeline repair response in a variety
of offshore conditions around the globe.
"The technical expertise of companies such as GRI Simulations highlight
Newfoundland and Labrador's leadership in advancing the ocean
technology sector," said the Honourable Keith Hutchings, Minister
Responsible for RDC. "Within a global market, the company is clearly
demonstrating that this province has the skills and technological
ability to meet current industry demands."
Newfoundland and Labrador's ocean technology sector is an important
contributor to the provincial economy, with more than 50 local
technology companies, research facilities and support organizations.
"Once again, I am pleased to see our government investing in local
business," said Steve Kent, MHA for Mount Pearl North. "Research and
development in ocean science technology, and more specifically, the oil
and gas industry, is vital to ensuring the safety of our workers and
the endurance of this industry. I commend our government for continuing
to recognize the importance in investing in this industry, and I
sincerely congratulate GRI Simulations."
Established in 1986, GRI Simulations has focused on supporting sub-sea
remotely operated vehicle (ROV) operations by providing simulation
technology to enhance ROV pilot training, mission planning and
rehearsal for offshore oil construction and production.
"RDC's investment will support GRI as they create and test an
interactive 3-D underwater field development software kit which will
enable oil and gas companies to picture and map oil field designs and
operations in a number of conditions," said Glenn Janes, CEO, RDC.
"Supporting local businesses in the development of new technology that
can be exported around the world is critical to business growth in the
RDC's investment is $250,000 of a total project cost of $389,500. This
funding is provided through the R&D Proof of Concept program, which
aims to help companies reduce the technical and financial risk of
pre-commercial research and development (R&D) projects for small- and
"The completion of this software kit will address a specific oil and gas
industry need as they seek ways to improve efficiency in the design,
fabrication and installation of fields and field components in a range
of harsh environments, particularly in preparation for well capping and
pipeline repair contingencies," said Stephen Dodd, Vice-President,
Operations and Business Development for GRI Simulations. "We look
forward to expanding our existing products and services that are
designed for the unique requirements of our customers in the oil and
For more information about RDC's Proof of Concept program, please visit www.rdc.org. For more information about GRI Simulations, please visit www.grisim.com.
About the Research & Development Corporation
RDC is a provincial Crown corporation responsible for improving
Newfoundland and Labrador's R&D performance. RDC works with R&D
stakeholders including business, academia and government agencies and
departments. In Budget 2012: People and Prosperity RDC was allocated
$19 million to make strategic research and development related
investments in people, strategic opportunities and infrastructure.
For further information:
Manager, Marketing & Communications
Research & Development Corporation
Government Members Office
Director of Communications
Department of Innovation, Business and Rural Development
Vice President, Operations and Business Development
GRI Simulations Inc.