Kevin Chell News

Horton Shallow Water Development's (SWD) CX-15 buoyant tower has been set as planned for BPZ Energy off the coast of Peru. The Buoyant Tower concept draws on the proven technology of the cellspar and the design provides multiple benefits for fields where other concepts would be problematic requiring high capital costs and expensive crane barges for installation. The design allows for oil storage if needed, can eliminate separate shallow water drilling units and provides a high level of flexibility for the operator.

GMC and Horton Wison Deepwater today confirmed their Joint Venture established to design and supply innovative Buoyant Towers for shallow water fields. Kevin Chell CEO of the joint venture stated “The Buoyant Tower concept draws on the proven technology of the cellspar and the design provides multiple benefits for fields where other concepts would be problematic requiring high capital costs and expensive crane barges for installation. The buoyant tower can operate in water depths up to 700 feet and can be relocated allowing small marginal plays to be exploited in a cost effective manner.