Verum Solutions Invest in Cloud Technology

New £250,000 investment creates up to five new jobs in Aberdeen.

22:14 25 May 2018

Verum Solutions, a company lead by Stirling-born Paul Milligan, is investing £250,000 on a new cloud-based technology product that aims to help the oil and gas industry better control costs and quality on projects. The new investment will create up to five new jobs in Aberdeen.

 

The technology was designed based on Milligan’s 30 years of experience in working in quality assurance in the oil and gas industry. It is meant to gather and present project data that can help firms prevent cost and schedule overruns. Called Qvis, the technology is suited to any oil and gas capital project onshore or offshore, “irrespective of size, location or complexity”. It has been recently deployed on a large floating production storage and offloading vessel in the North Sea.

 

Milligan said: “Management practices for other aspects of project management, particularly health & safety, have evolved greatly and been very successful in driving incident rates down. Meanwhile, the overriding strategy to manage the quality control on projects has remained static. Through witnessing the same quality issues on almost every project associated with the delivery of equipment packages and, during construction and commissioning, it was clear that there must be a better way,”