Milestone project

The 40-metre tower was installed on site in December 2021 and represents the first major milestone in Osbit’s mission to deliver this globally innovative piece of technology, which will be used to support energy transition through extending the life of existing oil wells.

In April 2021, Osbit won a contract with FTAI Offshore, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (FTAI) to design and construct an innovative new well intervention system.

Osbit’s Smart Tower System facilitates integrated riser-less and riser-based well operations at water depths of up to 1,500 metres and will be installed on FTAI’s flagship DP3 Vessel M/V Pride.

The system combines elements of modular technology from Osbit’s experience in well intervention and offshore handling with a series of innovations to improve operational safety, flexibility and accessibility.

Brendon Hayward, joint MD at Northumberland-based Osbit, said: “This is an exciting project for us and it’s fantastic to have reached this significant milestone. It demonstrates our extensive experience of delivering complex well intervention systems and large scale offshore projects.

“It’s great to see the tower lighting up the skies on Teesside but that’s not the end of the story, so we’re looking forward to sharing more details in the coming months. Watch this space!”