Vulcan SFM completes first Korean contract
09 December 2009
Vulcan SFM, a subsidiary of Sheffield Forgemasters International Limited (SFIL), has completed its first Korean contract for one of the world's most innovative offshore oil developments.
The contract, worth just under £1m, for Korean company Daewoo Shipbuilding and Marine Engineering (DSME), has seen engineers at Vulcan SFM manage the supply of cast pad-eye plates for the Pazflor oil development.
Pazflor is the first offshore oil development in the world to install entire seabed artificial lifting production systems linking gas/liquid separation and pumping modules across several fields.
The vast offshore site, 93 miles off the coast of Angola and covering 600 square kilometres, is operated by global oil company Total S.A.
The pad-eye plates supplied by Vulcan SFM will be used on the Pazflor production vessel, known as a Floating Production Storage and Offloading unit (FSPO), which will be permanently moored at the site.
The vessel will be held in place with large piles installed in the seabed. The pad-eyes allow mooring chains to be attached to piles, which secure the floating platform to the sea bed.
Paul Mockford, design director at Vulcan SFM, said: "This contract with DSME, our first with a Korean company, gives us the opportunity to move into a new export market and work on a unique development.
"A core part of our business is producing high-strength mooring components which permanently secure offshore platforms in some of the most severe locations and adverse weather conditions in the world.
"These are extremely safety-critical components and require manufacture to the most exacting of engineering standards."
The plates measure approximately 1.8m x 1.8m x 0.25m and weigh approximately 4 tonnes each.
The processing capacity of 200,000 barrels of oil per day will be carried out by 49 wells and oil production is scheduled to start in 2011.
For more than 25 years, the 200-year-old engineering specialist has been the leading provider of cast steel components to the offshore industry, many of which are used to secure multi-thousand tonne processing platforms in some of the most hostile waters in the world, including the Gulf of Mexico and the North Sea.
SFIL's offshore products have a track record and non-failure rate which is unmatched by other suppliers to the industry, resulting from an extensive research, design, product development and testing programme.