- Membership
representation
After signing a participation agreement with Kvaerner, members are
entitled to appoint one representative to the steering committee (more
people from participant companies are welcome to attend meetings or
be added to the JIP mailing list to aid technology transfer), along
with the Kvaerner project manager. OTM are engaged as a sub-contractor
to Kvaerner.
Steering committee meetings are held regularly, usually at 4-6 month
intervals. Smaller working groups may meet to discuss specific issues
as required (eg a field trial host may wish to have a detailed meeting
with Kvaerner). All meetings are open to all participants. The steering
committee are responsible for providing direction to the JIP by voting
on work package options or agreeing amendments to the work programme,
approving any further sub-contractors and approving the release of any
documentation to third parties.
-
Participation costs
The total project cost is £800K, of which Kvaerner are contributing
£200K, the equivalent of 2 'tickets' in the JIP. The remaining
funds have been sought from 6 oil company participants. A company may
become a participant upon signing the participation agreement and paying
the initial joining fee (see table below). Invoices for the joining
fee will be raised by Kvaerner upon the signing of the agreement by
both parties.
Further payments will become payable only on completion of milestones
as identified in the JIP Proposal. The steering group will determine
whether those milestones have been adequately met within the terms and
objectives of the JIP. Should these milestones not be met, the steering
group can determine whether to continue the JIP under an amended workscope
or to terminate the project. If the project continues without a milestone
having been met, individual participants have the right to withdraw.
| Date |
Milestone
Identifier |
Amount
(GBP '000s) |
| Following
signature of agreement by both parties (or 31 January 2002) |
£42.5K
|
| 31
January 2003 |
1
|
£42.5K
|
| 31
January 2004 |
2
|
£15K
|
| Total
payment |
£100K
|
|
Table
3: Participation fee and milestone payments with 6 participants
|
Participation
is open to operators and those engaged in the supply and manufacture
of subsea equipment. Kvaerner has the right to approve or disapprove
of any potential participant whose participation in the project might
jeopardise Kvaerner's competitive position.
Participants are expected to participate properly in the JIP and to
fully co-operate in helping to meet its objectives, for instance through
the provision of field trial sites and data regarding fouling experience.
For further
information please refer to:-
Paul Johnson, Associate Director
OTM Consulting Ltd.
44 Quarry Street
Guildford GU1 3XQ UK |
| Tel: |
+44
1483 598000 |
| Fax: |
+44
1483 598010 |
| Email: |
paul.johnson@otmnet.com |
