Jan 15 2008 By The Journal
A TYNESIDE marine design company is at the forefront of oil exploration developments worldwide.
The Babcock Design and Technology (BD&T) Tyneside team is currently at the forefront of work on no fewer that six FPSO (Floating Production Storage and Offloading) and FSO (Floating Storage and Offloading) projects for global customers.
These vessels, once deployed, will be located in South American, African, Russian, Australian and Middle Eastern waters. The current high oil price is increasing the viability of marginal fields making the option of locating a FPSO installation into inhospitable and remote sea areas a viable and competitive option.
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BD&T personnel based in the SBM Monaco office are currently engaged in the basic design of the machinery spaces. An agreement has now also been signed between SBM and a shipyard in Japan, for construction of the LNG FPSO hull.
BD&T Tyneside has competed more than 18 FPSO/FSO projects during the last 10 years.