Ocyan's Open Innovation Program Opens Registration for Startups

Fourth Edition of Ocyan Waves Challenge Focuses on Solutions That Help Improve the Experience of Company Members

Ocyan’s Open Innovation Program Opens Registration for Startups

Fourth Edition of Ocyan Waves Challenge Focuses on Solutions That Help Improve the Experience of Company Members

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Paulo Nogueira

Rio de Janeiro, April 15, 2024 – Ocyan, an oil and gas company, opens today (15) registrations for the fourth edition of the Ocyan Waves Challenge, a matchmaking program with startups to solve internal challenges of the company. Interested startups have until May 17 to access program information and register their proposals on the website www.ocyanwaves.com.

“Ocyan is at an important moment of looking inward, so this year the program’s focus will be on seeking solutions that help improve our members’ experience in internal processes through connections with mature startups.”, said Patricia Grabowsky, Executive Manager of Innovation and Digital Transformation at Ocyan.

For this edition, ten challenges have been chosen that will be presented to the Innovation ecosystem in search of solutions:

· Automation of Historical Auction Analysis

·Agility and Traceability in Contract Management and Signature Flow

· Optimization of Corporate Travel Requests

· Integration and Intelligence in Health, Safety, and Environmental Data at Ocyan

· Automation of Warehouse Processes

· Visibility and Efficiency in Offshore Workforce Management

· Engagement Solution in Health and Well-Being Practices

· Digital Transformation in Offshore Work Permits

· Optimization of Document Translation

· Ocyan Member Engagement Platform

The Ocyan Waves Challenge schedule is organized into eight phases to be conducted throughout the year, including Scouting (active search for startups), Pitch Week (presentation of companies and their solutions). Those that stand out will be invited to execute pilot projects lasting three months in partnership with Ocyan to validate their solutions. Subsequently, there will be an evaluation of the results and deliberation on the continuity of the projects with the greatest potential, and finally, a pilot-to-rollout transition.

“It is important to highlight that we are always seeking improvement in the conduct of our programs to maintain Ocyan’s reputation as an open organization committed to connecting with startups. Our main focus remains on creating value for all involved, which is reflected in our rollout conversion rate, which today exceeds 80%” highlights Livia Savignon, Innovation Coordinator at Ocyan.

Ocyan Waves Booster Demoday

Providing solutions for the offshore oil and gas industry is in Ocyan’s DNA. On March 26, the company presented the Demoday of the Ocyan Waves Booster, which aims to accelerate startups so they can develop as our potential partners in offering innovative solutions for the oil and gas sector.

During the Demoday, the four startups selected for the 2023 cycle – Confirm8, IBBX, Aquapower and Endserv – presented their results and challenges from the program alongside their respective mentor sponsors, and received confirmation that all four will move on to the structuring of a rollout in partnership with Ocyan.

“The Ocyan Waves Booster proves that innovation is one of Ocyan’s main assets. It shows that we are capable of materializing ideas that were initiated in pilot projects. We fulfill the purpose of the program, which is to bet that startups, by understanding the oil and gas industry, can develop solutions for our sector,” concludes Patricia.

OCYAN WAVES

Created in 2019, it is Ocyan’s open innovation platform that encompasses two programs: Ocyan Waves Challenge and Ocyan Waves Booster. With the results obtained from Ocyan Waves, Ocyan has been recognized since 2021 as one of the top 100 companies that best relate to startups according to the 100Open Ranking, and in 2023, it was ranked as the second-best company in the Oil & Gas sector. With the Ocyan Waves Challenge, Ocyan has already mapped more than 550 startups, a total of 28 pilot projects have been executed, and 23 of them proceeded to the rollout stage.

About Ocyan

With over two decades of providing high-quality maintenance solutions for the offshore oil and gas sector, Ocyan also focuses on decommissioning projects, subsea construction, and gas network revitalization through the Ocyan&Mota-Engil Consortium. The only Brazilian operator in the floating production, storage, and offloading (FPSO) industry, the company currently operates four offshore units through a 50/50 joint venture with Altera Infrastructure (a Brookfield investment), maintaining long-term contracts with the Libra Consortium (formed by Petrobras, Shell, Total, CNOOC, and CNPC), Karoon Energy, and 3R Petroleum.

For more information: www.ocyan-sa.com.

Press Information Ocyan

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Ocyan’s Open Innovation Program Opens Registration for Startups

Fourth Edition of Ocyan Waves Challenge Focuses on Solutions That Help Improve the Experience of Company Members

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Ocyan’s Open Innovation Program Opens Registration for Startups

Fourth Edition of Ocyan Waves Challenge Focuses on Solutions That Help Improve the Experience of Company Members

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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