Koil Energy Solutions Inc. (KLNG)

[SageWise]

Joe, indeed. I wonder what one of these goes for. May mean even more to the bottomline (or at least a lower total cost of ownership) with owning these electric ROVs and I wouldn't be surprised if Mako was considering a couple of these for their ROV fleet.
- smaller footprint
- fewer operators/smaller crew
- faster training
- less deck space (upto half that needed for hydraulic ROVs)
- significantly shorter mobilization times

http://www.seaeye.com/whatsnew.html

"At under half the weight of its hydraulic ROV equivalent, with a smaller footprint, and needing fewer operators, the Seaeye Jaguar can bring significant savings in operating costs.

Operators will also welcome the faster training of new pilots and conversion of experienced pilots that is now possible with the new simplified control system. Its built-in intelligence, with fewer and more intuitive controls, has lightened the burden on the pilot by making it easier to manage the ROV.

Pilots will also find fault diagnostics easier. A unique system of self-diagnostics and simple presentation, clearly displays the fault and the necessary remedial action to the pilot.

Saab Seaeye’s reputation for ROV innovation and reliability will be further enhanced by a new dual redundant high-frequency/high voltage power distribution system. This allows the ROV to continue to operate on reduced power if one of the dual power systems fails. It also reduces the diameter and weight of the umbilical, and significantly cuts the size and weight of the onboard transformer.

Speed of ascent and descent of the 3000 metre rated Seaeye Jaguar is also faster. This follows new developments in thruster technology that has doubled the thrust power of previous systems.

The accessories offered as standard on the ROV include a pair of Schilling Orion manipulators: the seven function position feedback manipulator, and the four function rate manipulator.

The Seaeye Jaguar is unveiled as the company continues to make inroads into a market area dominated by hydraulic work vehicles, but where operators are increasingly turning to electric work ROVs, attracted by lower cost of ownership and ease of handling compared with the hydraulic equivalent.

This new breed of operator is bringing innovation to cost effective operational management by utilising the electric ROV for the vast majority of tasks performed by hydraulic systems. They also focus on tasks for which the electric vehicle is best suited: such as drill support, survey operations, cable laying support, touch-down monitoring, IRM, and a high proportion of intervention and construction tasks.

The incentive for ROV operators to use electric is strong. Electric ROVs not only weight far less, take up less deck space and need a smaller crew, but have significantly shorter mobilisation times

More compact surface control equipment and transformers, and less space required for workshop and storage, means the deck space needed for containers can be up to half that required for a hydraulic ROV system."