Trial of Atlantis Artificial Seabed System

Monday, May 18, 2009

Atlantis Deepwater Orient Limited (ADOL) announced that a full scale trial of the Atlantis Artificial Seabed System was successfully completed on April 27, 2009. The well location is in the South China Sea on the Chinese Continental shelf.

"The success of this trial will now set the stage for other interested parties to lease the technology from ADOL. We expect the technology will be very attractive to offshore drilling companies in markets worldwide," said Peter Georgiopoulos, Chairman of General Maritime Corporation (NYSE:GMR) , Genco Shipping and Trading, Ltd. (NYSE:GNK) , and Aegean Marine Petroleum (NYSE:ANW).

Georgiopoulos is a major investor in ADOL, and also serves as Managing Member of Drillinvest, LLC, a company that was an early investor in the joint venture responsible for the trial.

This trial confirms that China Oilfield Services Limited (COSL) will be able to enter into the deepwater drilling segment by utilizing its semi-submersible drilling rig together with the Atlantis Deepwater technology.

ADOL is a Joint Venture between the Norwegian company Atlantis Deepwater Technology Holding AS (ADTH) and COSL. The trial was possible due to the full support and backing of the two Joint Venture owners.

The concept of the Atlantis System, is focused on a buoy (air can) positioned at a shallow depth, normally about 250 to 400 meters below sea surface. An artificial seabed is created where the wellhead and "blowout preventer" (BOP) is then located and becomes the top of the well. The buoy is anchored to the seabed by means of casing which is connected to the wellhead located on the seabed.

The Atlantis system was deployed and used by COSL, who owns and operates the semi- submersible Drilling rig, Nanhai V. The water depth at the site was more than 450 meters.

"The use of the innovative Atlantis system provides the industry with a cost effective and safe technology capable of extending the drilling depths of older generation rigs currently only accessible by ultra deep water units," added Mr. Georgiopoulos.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

N-KOM Lays Keel for Qatar’s First Liftboat

Nakilat-Keppel Offshore & Marine (N-KOM) has achieved another milestone with the keel laying of its first liftboat newbuild project, awarded in July 2014 by long-time

Master Fined After Wind Farm Collision

The master of a wind farm support vessel has today been made to pay £3,000 in fines and costs after pleading guilty to breaches of maritime collision regulations.

Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.

 
 
Maritime Contracts Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1167 sec (9 req/sec)