Orders for the supply of Severn Glocon Group’s specialist control valves for Floating Production Storage and Offloading (FPSO) units have increased by 300%. The uplift has brought in an estimated GBP 5 million of additional revenue for the company.
Orders have come predominately from FPSOs destined for Brazil where oil and gas is extracted from under a pre-salt layer in ultra deep waters. The Group’s UK and Global manufacturing facilities have produced severe service valves ranging from 2in to 24in in size. Due to the expansion of its operations in the region the company has opened an office in Brazil to further develop its presence in key markets for FPSO’s.
The FPSO market is forecast to enjoy continued growth in 2011 with more FPSOs being envisaged for South America and the Gulf of Mexico.