A growth area in oil and gas, Floating Production Storage and Offloading Vessels (FPSOs) are increasingly being deployed thanks in no small part to the fact that they can be moved to once a field has been depleted. They also provide a solution when there are no existing pipelines or infrastructure to transfer production to shore.
A recent report by business intelligence experts GBI Research confirms the fact that work orders are flowing in for FPSO and Floating Storage and Offloading (FSO) conversions, with Singapore cited as the location of around 70% of conversions for the FPSO industry globally. HSP has worked to expand our offerings to help original equipment manufacturers who design these extraordinary vessels keep up with the growing demand.
We are known for our ability to source the right equipment types including valves, actuators and ancillary products in tight timeframes with a high level of technical expertise. Following our acquisition by Edgen, we now also have access to key products such as structural steel plate, pipes and fittings, resulting in a complete one-stop-shop for the supply of pipe vessels, steels and valves. One recent significant project in the FPSO space saw HSP working with a major OEM involved in the supply of process modules.
Previously, the client had experienced challenges sourcing valves from the approved manufacturers list and was also struggling to ensure their client’s demanding specifications were met. The equipment required comprised a mixture of different valve brands and types, including ball, butterfly, gate, globe and check valves.
Various actuation systems were also needed – all on short delivery lead times and, in some cases, in smaller quantities than are typically ordered from the major valve manufacturers. HSP helped meet the challenging order by providing the OEM with direct and immediate access to leading manufacturers.
We also supported them by helping to overcome the various technical and procurement challenges that invariably arise when projects are undertaken on tight timelines. This included ensuring that, in the first instance, the specifications were verified and understood by the manufacturers.
HSP saw the task to completion by providing strong project management with regard to the manufacturing processes, along with the provision of the correct documentation. A dedicatedsingle point of contact at HSP was given responsibility for overseeing key activities such as expediting, document approvals, reviewing status reports and arranging inspections and shipments – effectively becoming an extension of the project team.