IBM and Dassault Systemes (DS) announced that PLM solutions from IBM and Dassault Systemes are driving a multi-national collaborative global design and manufacturing oil platform project that includes China-based Yantai Raffles Shipyard, Norwegian offshore technology company Sevan Marine, and Brazil's state-run oil company, Petrobras. The complex Sevan Stabilized Platform (SSP) 300 project, wherein Yantai Raffles builds the Sevan Marine-designed oil platform, utilizes Catia, Enovia and Delmia from Dassault Systemes. The Yantai-built SSP 300s will be deployed by its customer Petrobras. Until recently, the offshore industry opted for retrofitted oil tankers as offshore storage and production facilities. But a shortage of available tankers available for retrofitting has changed the competitive landscape in the Floating Production, Storage and Offloading (FPSO) market. The SSP 300 FPSO is a large circular, floating platform used to store and process 300,000 barrels of oil in an on-board processing plant. The SSP 300 project uses IBM PLM solutions to facilitate concurrent design engineering and construction. The tight integration of the V5 architecture enables real-time validation of the FPSO design against analysis requirements and construction processes. This simultaneous validation of design and manufacturing drastically minimizes the revision so common in the energy market.