Floating production has evolved to a mature technology that opens for development oil and gas reservoirs that would be otherwise impossible or uneconomic to tap. The technology enables production far beyond the depth constraints of fixed platforms, generally considered to be 1,400 ft.
Vosta LMG won a contract for components and engineering package for an 18-in. Cutter Suction Dredge for Cottrell Contracting, a U.S.-based dredging company. The dredge will be built in co-operation with Cottrell Contracting at a shipyard in the U.