
Your staff has a concept for a deepwater completion product. They say it is the solution offshore operators need. The concept contains many new components and seems risky. How mature is the technology?
Conducting a Technology Readiness Assessment (TRA) answers these questions. A TRA assesses the maturity of the technology in a product and assigns it a Technology Readiness Level, or TRL. The higher the TRL, the more mature the technology, and the lower the risk. [Read more…]