SBM Offshore wins OTC ‘Spotlight on New Technology’ award for its innovative FPSO system

Must Read

Business Chamber bids farewell to ExxonMobil Guyana President

The Georgetown Chamber of Commerce and Industry (GCCI) on Thursday bid farewell to President of ExxonMobil Guyana, Rod Henson,...

Hundreds of Guyanese businesses accessing CLBD’s online training courses

Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre...

World will still rely on oil and gas for much of its energy needs beyond 2040 – WoodMac Analysts

In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

SBM Offshore has received the prestigious 2017 Offshore Technology Conference (OTC) Spotlight on New Technology award. OTC recognizes innovative technologies each year with this accolade.

This awards program is exclusively for OTC exhibitors and showcases the latest and most advanced technologies that are leading the industry into the future.

SBM Offshore, in a statement, said its driving force is to be at the forefront of technology development, helping the transformation of the offshore industry. The TMS for the FPSO Turritella is the latest example of how SBM Offshore engages early on with its clients to find innovative, safe and cost-effective solutions. The pioneering TMS for the FPSO Turritella represents a step change for the industry and cements SBM Offshore’s reputation as the leader in turret mooring systems, leveraging over 60 years of experience.

Andrew Newport

Accepting the award, SBM Offshore’s Technology Director Andrew Newport commented “Designing a disconnectable mooring system for the world’s deepest floating production unit required innovation and development across a range of systems and technologies, whilst leveraging SBM Offshore’s long experience of turret mooring system design.”

SBM Offshore USA President Stein Rasmussen added, “We are proud to have played a part in helping our client safely and competitively pioneer a new frontier of deepwater oil and gas production. This is SBM Offshore’s first FPSO in the Gulf of Mexico, where we operate Turritella for our client. The future of deepwater developments depends on new technology and we are proud to play a key role with our clients in unlocking these new frontiers.”

SBM Offshore has been awarded contracts for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana. Under the FPSO contracts, SBM Offshore will perform Front End Engineering and Design for the FPSO and subject to a final investment decision on the project in 2017, will construct, install and operate the FPSO as the South American country gears up for first oil in 2020.

- Advertisement -

Latest News

Business Chamber bids farewell to ExxonMobil Guyana President

The Georgetown Chamber of Commerce and Industry (GCCI) on Thursday bid farewell to President of ExxonMobil Guyana, Rod Henson,...

Hundreds of Guyanese businesses accessing CLBD’s online training courses

Hundreds of Guyanese businesses are benefitting from a wide range of online training courses being offered by the Centre for Local Business Development (CLBD)...

World will still rely on oil and gas for much of its energy needs beyond 2040 – WoodMac Analysts

In keeping with the goal of the Paris Agreement which calls for a limit to the increase in global temperatures to below 2 degrees...

Guyana remains cautious of Dutch disease even as oil takes GDP to an “impressive” 5.4 percent

Following its latest assessment of the economy’s performance for the year 2019, the Government of Guyana has stated in its End of Year Outcome...

High performance from Guyana as 2020 half-year discoveries hit lowest in 100 years

Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equivalent (boe) in the first half of 2020 with Guyana among...

More Articles Like This