2010-06-01

Project Managers: Steve Hill and Hersh Sood recognized as holding the "Delivery Record for Conversion of an FPSO to First Oil"

Project Managers: Steve Hill and Hersh Sood, were recognized as holding the "Delivery Record for Conversion of an FPSO to First Oil" in 22 months from sanction date. Water depth was 600 meters and total drilling and conversion budget approached 1 Billion euros. Project was executed between February 2008 and First Oil was delivered - 5 December 2009. Recognized by Oil World, The Offshore Magazine and SPE of AIME and announced at The West African Oil Conference and OTC in May 2010. There are approximately 158 FPSOs in operation world wide today.