The Honourable Siobhan Coady, Minister of Natural Resources, and the Honourable Bernard Davis, Minister of Tourism, Culture, Industry and Innovation, today announced $750,000 through the Innovation and Business Development Fund for a project led by Score Canada Limited.
Score Canada supplies, installs, inspects and maintains industrial valves for offshore operators. Valves are critical to offshore production and are used to control and isolate the flow of petroleum products. This project enhances the company’s capacity to bring cutting-edge valve management technologies to the Newfoundland and Labrador oil and gas sector.
This funding will allow the company to digitalize its process for offshore valve maintenance to make it more efficient. It will allow the company to eliminate manual processes and move all valve maintenance activities to digital processes – ensuring all maintenance will be in real time. This will ultimately contribute to a safer offshore for workers and the environment.
As a result, the company will hire 15 new skilled positions locally and secure the necessary equipment to expand operations. The new hires are being provided with customized training in valve management, exclusive to Score Canada, which has been developed through decades of experience in leading oil and gas countries across the globe.
The Innovation and Business Development Fund is focused on investments to grow and diversify our province’s oil and gas supply and service capabilities. This fund is playing a role in facilitating the necessary collaboration, investment and industry growth required to position this province globally as a preferred location for oil and gas development. The Department of Natural Resources and Department of Tourism, Culture, Industry and Innovation are collaborating on the delivery of the fund.
The program supports priorities outlined in Advance 2030 – A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry by investing in innovation and business development opportunities, enhancing supply and service capabilities and infrastructure that leads to local business growth, joint ventures, and export opportunities.
“With support from the Innovation and Business Development Fund, Score Canada is enhancing the company’s capacity to bring cutting-edge valve management technologies to the Newfoundland and Labrador oil and gas sector. We encourage other local companies to find out more about the fund and its benefits – and work with us to grow Newfoundland and Labrador’s oil and gas industry.”
Honourable Siobhan Coady
Minister of Natural Resources
“Supporting the digitalization of Score Canada’s offshore supply and service business aligns with our government’s commitment to furthering innovation and business development in the oil and gas industry.”
Honourable Bernard Davis
Minister of Tourism, Culture, Industry and Innovation
“We are very grateful for this financial support from the Government of Newfoundland and Labrador, which will directly contribute to help our operations grow. Through this funding we are able to hire local graduates and train them with global best practices at our state-of-the-art, custom built facilities. Score Canada looks forward to growing our business and further contributing to Newfoundland and Labrador’s oil and gas sector, and to our local communities.”
Managing Director, Score Canada Limited
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Tourism, Culture, Industry and Innovation
Score Canada Limited