Subseas Processing
1989-1995
The Bardex acquisition of the techmologies for the multi-ported connector (VMC) and subsea processing put new vigor into the intellectual property for 'GLASS' subsea processing proposal for marginal fields.
Houston-based system developer Peter Lovie (the 'L' in Glass) has become engineering vice-president the newly-formed Bardex subsea Corporation.
In 1989 Peter started in the subsea processing business through representing Goodfellow Associates of London in a U.S. venture to introduce their technologies in the U.S. Gulf of Mexico.
At Bardex Subsea Corporation as Vice President of Engineering: Directed engineering and marketing of technologies, presenting to international conferences.
- Organized engineering, technical, financial, and commercial elements of subsea field developments, applying risked economics to clarify trends.
- Presented before oil company and field development contractor customers in Norway, the U.K. and the U.S.
- Set up test and engineering program, as well as developing five-year market projection.
- Negotiated 20-year exclusive, worldwide agreement with Scottish Enterprise in Aberdeen, U.K. for rights to Valved Multiported Connector (VMC).
- Marketed VMC and subsea processing to operators worldwide
For Goodfellow Lovie Associates, as General Manager oversaw bottom-line responsibility for United States operation of a U.K.-based engineering consulting firm.
- Led development of a subsea processing system for Gulf of Mexico in a JIP with four oil companies: Chevron, Marathon, Oryx and Unocal and reported in an OTC paper in 1993
- Led a JIP on gas utilization for three operating oil companies (Chevron, Unocal & Marathon)