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North denied research base; in association with RBS.

A NEW research institute for the subsea Subsea is a general term frequently used to refer to equipment, technology, and methods employed to explore, drill, and develop oil and gas fields that exist below the ocean floors. This may be in "shallow" or "deepwater".  oil and gas industry will be created in Aberdeen and not the North East.

The region had been touted as a possible location for the centre for the fast-growing industry after David Pridden, chief executive of industry body Subsea UK, praised the entrepreneurial spirit in the North East, which he said was absent in Aberdeen.

He said there was a skilled workforce ready for employment in the North East while subsea firms in Aberdeen were struggling to find staff.

Yesterday, however, it emerged that Aberdeen - which is home to most of the UK's 750 subsea companies - will be the headquarters of the new institute. This will be a joint venture between Aberdeen University, the city's Robert Gordon University The Robert Gordon University (often known as RGU) is a modern university located in Aberdeen, Scotland. Granted university status in 1992, Robert Gordon University currently has approximately 12,790 students<ref name="HESA" /> at its two campuses at Garthdee  and Dundee University. The HQ of the new institute is expected to be at Aberdeen University.

Mr Pridden revealed the plans at Subsea UK's annual awards dinner in Aberdeen which was attended by more than 600 people.

It is forecast that sales in the global subsea industry will soar SOAR - 1. State, Operator And Result. A general problem-solving production system architecture, intended as a model of human intelligence. Developed by A. Newell in the early 1980s. SOAR was originally implemented in Lisp and OPS5 and is currently implemented in Common Lisp.  to more than pounds 23bn a year by 2012 from the current pounds 18bn.
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Title Annotation:Business
Publication:The Journal (Newcastle, England)
Date:Feb 15, 2008
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