Biddeford, Maine -- Flotation Technologies Inc., which produces deepwater buoyancy and polyurethane elastomer systems, will showcase its deepwater expertise and productsat the Rio Oil & Gas Expo 2008, 15 - 18 Sept in Rio de Janeiro,Brazil. The company aims to bring its proven innovative solutions, engineering ingenuity and capacity to Brazil as that country experiences continuedchallenges in exploration and production.
"Brazil's offshore oil market has seen monumental growth over the lastseveral years," said Fred Maguire, sales and marketing manager, in a Flotation Technologies' statement, adding that the business can offer the market "deepwater custom engineered solutionscovering exploration through production as well as industry tested andtrusted products to meet the specific needs of the Brazilian offshoreoil industry."
"For nearly 30 years, Flotation Technologies has been one of theindustry's foremost leaders in the engineering and design of innovativesubsea products," commented David Capotosto, president of FlotationTechnologies, pointing to the company's commitment "to providing both Petrobras and the greater Brazilianoffshore oil market with the appropriate solutions to the uniquedeepwater challenges it is currently facing."
Flotation Technologies is part of Houston, Texas-based Deep Down Inc., which has just gained orders for its patent pending SDB (Subsea Deployment Basket) systems worth $1 million. The offshore industry supply group said these systems will be used to install hydraulic steel tube flying leads offshore West Africa and to install flexible pipe gas lift jumpers offshore Brazil. They are expected to be delivered in October this year.
The group's patent-pending SDB System utilizes a unique mudmat and cartridge layout that allows for installation of hydraulic flying leads, electric flying leads, gas lift jumpers and other subsea equipment from the seabed, thereby eliminating the need for expensive, surface-based installation equipment. The SDB System is particularly attractive for installations in remote locations where vessel availability may be limited or in cases where there are multiple flying leads or jumpers to install.