Kongsberg & Offshore Installation Group Ink Deal

press release
Monday, October 24, 2011

Major new project increases safety and reduces risk of flow line installation.


Kongsberg Oil & Gas Technologies (KOGT), a wholly-owned subsidiary of Kongsberg Gruppen ASA, has signed an agreement to supply a flexible risers and umbilicals installation system for the ‘Capstan Reel Installation System’ (CRIS), to the Offshore Installation Group (OIG). The patented CRIS design simplifies the subsea installation process, enabling a reduction in installation time and risk, which translates to significant cost savings. The CRIS is a sophisticated new product that will address the risk, safety and cost factors of offshore installations as production moves to deeper waters, further offshore. KOGT will develop, build, deliver to OIG and install the system as a complete ‘package’ on a dedicated installation vessel, which will be built and supplied by OIG.
 

With the CRIS, the installation tower and relevant tensioner clamps on a vessel are replaced by a reel that uses the capstan principle to ensure controlled installation. This significantly reduces the risk of damaging the riser, ensuring simpler, faster and safer product installation, without the need to work at great height. It also allows for simpler vessel architecture and the possibility to design multi-purpose installation vessels.
Kongsberg Oil & Gas Technologies is an international technology enterprise that delivers innovative and reliable technical solutions to the oil and gas industry. Headquartered in Sandvika, the company has production, sales and support facilities located in six different countries.


Kongsberg Oil & Gas Technologies delivers innovative and technological subsea products and systems through EPC projects. The company also has a series of IT solutions for drilling operations, production, reservoirs and subsea risers and flowlines. Its solutions optimise oil and gas operations through computer control, simulation, integration and analytical tools, as well as through engineering projects and consultancy services, all of which improve operational and financial value. KOGT’s parent company, KONGSBERG (OSE ticker: KOG), is an international, knowledge-based group that delivers high-technology systems and solutions to customers in the oil and gas industry, the merchant marine, and the defence and aerospace industries. In 2010, the Group had operating revenues of NOK 15.5 billion, and it currently has some 6300 co-workers in more than 25 countries.

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

People & Company News

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Italian Pleads Guilty to Marine-hose Price-fixing in US

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S. Justice Department said on Thursday.

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Technology

Rolls-Royce Wins Heyerdahl Award

Rolls-Royce has been awarded the maritime Heyerdahl Award 2014. The award was presented by His Majesty King Harald at the Norwegian Shipowners’ Associations Annual Conference in Oslo March 31.

Imtech Extends VSAT Coverage Above Europe

Imtech Marine expanded its Global Ku-band VSAT network with additional coverage above Europe. Next to the Telstar 12 satellite and the Intelsat 21, the Eutelsat

Fincantieri Offshore Chooses AVEVA Software

One of the world’s largest shipbuilders uses AVEVA software to design next-generation drillship. Fincantieri Offshore has signed a contract with AVEVA to implement

Offshore

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Offshore O&G: Cuts, Delays in Norway as Costs Soar

More oil and gas projects in Norway could be put on hold because of rising costs, adding to a growing list of developments that have been delayed or called off,

Fincantieri Offshore Chooses AVEVA Software

One of the world’s largest shipbuilders uses AVEVA software to design next-generation drillship. Fincantieri Offshore has signed a contract with AVEVA to implement

Deck Machinery

Huisman Debuts Rope Luffing Knuckle Boom Crane

In order to provide reliable solutions for subsea installation in increasingly deeper water and offshore construction in severe weather conditions, Huisman introduces

Claxton’s Camera Upgrade Puts Crane Safety in Focus

Claxton Engineering Services Ltd, an Acteon company, launched the latest version for its ATEX and safe-area crane boom cameras to improve operational safety through

Safety the Focus as Heavy Lifting Picks Up

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | 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: 0.1869 sec (5 req/sec)