Abs Brazil News

(Houston, TX---) ABS, the leading provider of classification services to the global offshore industry, announces the establishment of the ABS China Offshore Technology Center (COTC) in partnership with Shanghai’s Jiaotong University (SJTU). The focus of the center will be on new technology research for offshore facilities. While the research efforts will support development activities in the Greater China region, applied research will also be conducted on a wide range of oil and gas development issues.

New discoveries of giant oil and gas field discoveries offshore Brazil have operators venturing into deeper water while committing expanded E&P budgets for developments in frontier regions. The Campos Basin remains the greatest focus of exploratory activity, with the Santos Basin to the south and Espirito Santo Basin to the north also seeing activity. Ship-shaped floating production, storage and off-loading (FPSO) vessels remain the preferred development option for these frontier prospects, with ABS the leading classification society of choice for FPSO conversions for offshore Brazil, says João Carlos Pacheco, ABS Brazil country manager.