Osbit hired to build new well intervention system
- Business & Finance
UK-based offshore engineering company Osbit has been awarded a contract by FTAI Ocean, a subsidiary of Fortress Transportation and Infrastructure Investors (FTAI), to design and construct an innovative new well intervention tower system.
Osbit said on Tuesday that its Smart Tower System facilitates integrated riserless and riser-based well intervention operations, in water depths up to 1,500 meters.
According to the company, it would be installed on FTAI’s flagship DP3 vessel M/V Pride.
The system combines elements of modular technology and its vertical completion workover riser (CWOR) racking system reduces the need to access the intervention floor and to handle CWOR joints, while its small footprint optimizes deck space.
The system also offers a universal platform for surface pressure equipment, active heave compensated slickline and e-line operations and for the building, operation and recovery of CWOR and intervention systems.
The Smart Tower System will also feature Osbit’s Integrated Logistics Support (OILS) control system technology, which the company has already integrated across a range of offshore assets.
Brendon Hayward, Osbit’s managing director, said: “We are thrilled FTAI has selected Osbit to undertake such an exciting project, which is a significant milestone for us.
“Osbit’s Smart Tower System represents our continued commitment to reducing the risk and cost profile of projects for our clients enabling increased safety and greater operational time offshore.”
Jon Attenburrow, managing director at FTAI Ocean, added: “We look forward to working with Osbit to develop the intervention tower and transform the M/V Pride into a world-class well intervention vessel.”
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