DNV, in response to requests from stakeholders in the subsea industry, has established a forging-material joint industry project (JIP) to run for 14 months. The JIP will include contributions from major oil companies, subsea contractors and manufacturers of steel forgings. The conclusions will be presented in a recommended practice available to the industry. One challenge in the construction of a subsea project is the long delivery time of large steel forgings used for key components. The goal of the JIP is to reduce delivery time and production costs and improve material quality, thus reducing the risk throughout the supply chain.

The adoption of a unified material standard with a consistent methodology to manage all steps in the supply-chain processes will help ensure consistently high and repeatable quality across the industry and geographical regions and build confidence in the final product. The JIP will be run with participation from the industry based in both Houston, Texas, and Oslo, Norway. DNV is a global provider of knowledge for managing risk.