National Oilwell Varco, a provider of equipment and components used in oil and gas drilling and production, announced new contract award for submerged turret production (STP) system.
APL, part of NOV's Completion & Production Solutions segment, has been awarded the supply of another large STP system, said a press release from NOV.
This follows a recent contract award from Samsung Heavy Industries Co. Ltd. for Reliance Industries' FPSO on the MJ field.
This time, the system will be provided to a joint venture between Shapoorji Palloonji Oil and Gas and Bumi Armada Berhad. The STP system will be used for an FPSO vessel that will be deployed on the East Coast of India.
The STP system is a unique and flexible turret mooring system for FPSOs.
The STP swivel, which is mounted on top of the turret buoy, transfers oil, water, gas, signals, and power from the geostationary riser system to the piping and cabling system of the freely weather-vaning production vessel.