Judges wowed by Viper’s kit

Naga Munchetty, awards presenter; Etienne Bottari, head of corporate Finance, Numis; Ruby Parmar, pa

Naga Munchetty, awards presenter; Etienne Bottari, head of corporate Finance, Numis; Ruby Parmar, partner, PwC, head of private business (tax); Neil Douglas, Viper Subsea Technology (winner); Stuart Andrews, head of corporate finance, finnCap; and Charlie Hoffman, managing director, HSBC. - Credit: Archant

A SUBSEA engineering company based in Portishead has triumphed at the 2014 National Private Business Awards.

Viper Subsea, based in Newfoundland Way, provides consultancy and develops products for the oil and gas sector worldwide, and is celebrating after winning the Technology Innovation of the Year category.

Managing director Neil Douglas accepted the award at a ceremony at the Guildhall in London, after judges were impressed by the the company’s innovative V-LIFE Electrical Insulation Resistance Improvement System.

Mr Douglas said: “V-LIFE is an important technology. The V-LIFE overcomes water ingress into electrical components and cables at depth and extends the life of the subsea infrastructure on older fields, thereby providing the possibility of deferring field abandonment.”

Viper Subsea - which has grown by 45 per cent in just 12 months - was up against some stiff competition but Mr Douglas says he believes the judges were impressed most because they have achieved a scientific breakthrough which provides significant benefit to their clients.

He added: “We have developed a product that will be key to ensuring the oil and gas field operators can extend the operating life of their subsea assets. This award is something the team at Viper Subsea can be very proud of.”

Most Read

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter