Osbit, the offshore technology company, has successfully delivered a new well intervention tower system to FTAI Ocean. The system, which comprises of 1,300 tonnes of equipment and stands at 40 metres tall, will enable riser and riserless based well intervention activities in water depths up to 1,500 metres.

North East England based offshore technology supplier Osbit Ltd has reached a key milestone in the assembly of an innovative new well intervention tower system for FTAI Ocean.

Osbit Ltd, the UK-based offshore technology company, has been awarded a contract by FTAI Ocean, a subsidiary of Fortress Transportation and Infrastructure Investors LLC (FTAI), to design and construct an innovative new well intervention tower system.

Leading offshore engineering company Osbit Ltd has successfully completed and loaded out £3m worth of well intervention equipment to Helix Energy Solutions.

Osbit Power (OP) has addressed the challenging UK oil & gas market by increasing its exports by in excess of 45 percent during its financial year 2014/15.

Osbit Power has secured a further contract from Helix Well Ops U.K. to deliver new support structures and deck equipment for two new well-intervention vessels.

Osbit is pleased to announce the successful delivery of two well intervention equipment projects, totalling several million pounds, to Helix Well Ops U.K. for installation on the Q7000, currently in-build in Singapore.

Having already secured contracts to deliver twin Launch and Recovery Systems for Remotely Operated Vehicles (ROVs) and an Umbilical & Guide Wire Handling System for Helix, OSBIT Power will now also manufacture three sets of Intervention Tension Frames (ITFs) and Walk to Work access systems for the company.

Osbit Power, a leading North East subsea engineering and technology company, has been awarded a multi-million pound contract by Helix Well Ops for the supply of twin, heavy weather ROV launch and recovery systems (LARS).