BG Norge has awarded Sevan Marine, Norway, a study focused on demonstrating the feasibility of the Sevan cylindrical FPSO as part of the concept selection work being done to evaluate one of their discoveries.
The study will be performed during last quarter 2009.
The company has developed a cylinder shaped floater, suitable in all offshore environments.
At present, Sevan Marine has four FPSO contracts, including the 'Goliat Sevan 1000' FPSO and three drilling contracts with clients.
The company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with carbon dioxide capture.
Sevan Marine is listed on Oslo Børs and specialises in building, owning and operating floating units for offshore applications.